Toronto-based Excel Funds Management Inc. reports that Excel Latin America Bond Fund II has filed a preliminary prospectus for the initial public offering of Class A, F and U units.
The Class F units are designed for fee-based accounts and the Class U units are designed for investors wishing to make their investment in U.S. dollars.
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that shareholders of certain National municipal bond closed-end funds approved a merger. The merger is intended to create a single, larger fund with lower operating expenses and increased trading volume on the exchange for its common shares.
On January 11, 2013, the Financial Industry Regulatory Authority (FINRA) Released its annual list of Regulatory and Examination Priorities for 2013. Learn More
The Korea Fund, Inc. (the “Fund”) (NYSE: KF) announced that, effective today, RCM Capital Management LLC (“RCM”), the investment manager to the Fund, will be merged into Allianz Global Investors U.S. LLC (“AGI U.S.”). In connection with the merger, the name of the Fund’s investment manager will change from RCM to AGI U.S.
The Zweig Fund, Inc. (ZF) and The Zweig Total Return Fund, Inc. (ZTR) announced the dividend distributions on each Fund’s common stock.The distributions may represent earnings from net investment income, capital gains, excess gains taxable as ordinary income or, if necessary, return of capital. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.
Pioneer Investments today announced the dates and times for conference calls regarding three Closed-End Funds. The purpose of these calls is to discuss the performance of the funds year-to-date and their current positioning. The conference call will be open to the public.
Prudential Short Duration High Yield Fund, Inc. (ISD) and Prudential Global Short Duration High Yield Fund, Inc. (GHY) are offering investors the replay of a conference call providing market commentary and product updates. The funds are offered by Prudential Investments, the mutual fund business of Prudential Financial, Inc. (PRU).
First Trust Strategic Value Index Fund (NYSE Arca: FDV) (the “Fund”), an exchange-traded index fund and series of First Trust Exchange-Traded Fund (the “Trust”), announced today that on or about June 3, 2013, the Fund’s investment objective will change and the Fund will seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called The Capital Strength Index (“New Index”). Beginning on or about June 3, 2013, the Fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the New Index. The Fund’s investment objective and the 90% investment strategy are non-fundamental policies and may be changed by the Board of Trustees of the Trust without shareholder approval upon 60 days’ prior written notice to shareholders. The Fund currently seeks investment results that correspond generally to the price and yield (before fees and expenses) of the Credit Suisse U.S. Value Index, Powered by Holt™.
Toronto-based Aston Hill Asset Management Inc. said Friday that shareholders have approved a series of fund mergers. Shareholders of Aston Hill Senior Gold Producers Income Corp. (TSX: GPC) and Aston Hill Global Uranium Fund Inc. (TSX: GUR) have approved the previously announced proposed mergers of the funds into Aston Hill Global Resource & Infrastructure Fund, an open-end mutual fund.
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that five closed-end funds have each filed initial registration statements to establish equity shelf programs. The programs are designed to provide the funds’ portfolio managers with additional flexibility in pursuing attractive investment opportunities they believe may enhance long-term shareholder returns. Under the equity shelf programs, the funds, subject to market conditions, may raise additional equity capital, by issuing additional common shares, from time to time in varying amounts and offering methods at a net price at or above each fund’s net asset value per common share plus the per share amount of any commission.
