NEW YORK–(BUSINESS WIRE)–The BlackRock (NYSE:) closed-end funds (the Funds) listed below announced today the expiration and preliminary results of each Fund’s tender offer (each, a Tender Offer) for up to 2.5% of its outstanding common shares (the Shares). Each Tender Offer commenced on October 15, 2024 and expired at 5:00 p.m. Eastern time on November 15, 2024. Based on preliminary information, the number of Shares properly tendered for each Fund and not withdrawn is noted in the table below.Fund NameTickerCUSIPShares Offered for RepurchaseShares Tendered (Preliminary Results)BlackRock Enhanced Capital and Income Fund, Inc.CII09256A1091,076,0815,713,692BlackRock Enhanced Equity Dividend TrustBDJ09251A1044,537,04318,268,902BlackRock Energy and Resources TrustBGR09250U101669,4586,002,507Based…
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By Douglas Gillison (Reuters) – A trade group has asked the incoming Trump administration to consider a “comprehensive plan” for updating the U.S. Securities and Exchange Commission’s regulatory framework for investment companies, according to a letter seen by Reuters. The letter from the Investment … Source link
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Voya Global Advantage and Premium Opportunity (SO:) Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the Funds) today announced important information concerning the Funds’ distributions declared in October 2024. This press release is issued as required by the Funds’ Managed Distribution Plan (the Plan”) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes…
BOSTON—Advent International, L.P. and its associated entities have sold a significant portion of their holdings in First Watch Restaurant Group (LON:), Inc. (NASDAQ:FWRG), according to a recent filing. On November 13, the firm sold 8 million shares of First Watch common stock at a price of $19.76 per share, totaling approximately $158 million. This transaction was part of a public offering, as detailed in the prospectus supplement dated November 12, 2024. Following the sale, Advent International continues to hold approximately 19.2 million shares of First Watch common stock. The sale involved multiple entities under Advent International, including Advent International GPE…
(Reuters) -T-Mobile’s network was among the systems hacked in a damaging Chinese cyber-espionage operation that gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with the matter. Hackers linked to a Chinese intelligence agency were able to breach T-Mobile as part of a monthslong campaign to spy on the cellphone communications of high-value intelligence targets, the Journal added, without saying when the attack took place. “T-Mobile is closely monitoring this industry-wide attack, and at this time, T-Mobile systems and data have not been impacted in any significant way, and we…
VANCOUVER, BC, Nov. 15, 2024 /PRNewswire/ – New Found Gold Corp. (“New Found” or the “Company”) (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce that the Company has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report for New Found’s 100% owned Queensway Project, entitled “NI 43-101 Technical Report, New Found Gold Corp.’s Queensway Gold Project in Newfoundland and Labrador, Canada: 2024 Property Expansion and Exploration Update”, with an effective date of November 1, 2024 (the “Technical Report”). The purpose of the Technical Report is to provide an update on the Queensway Project expanded…
A drop in the price of gold shouldn’t discourage investors from taking action now. Getty Images/iStockphoto The price of gold was seemingly on a never-ending price surge throughout most of 2024. Starting the year priced at just $2,063.73 per ounce, the precious metal soared past the $2,700 mark in late October, with many experts predicting that it could surpass $3,000, perhaps before the end of the year. But that price run came to an end in early November, and gold is now sitting under $2,600 with the possibility of further reductions significant right now.That said, this lower entry price point…
I’m embarrassed to say I never gave GameStop (GME) stock a second look when Roaring Kitty sent the stock surging on two occasions earlier this year. However, on closer inspection, there’s more to the company than I had expected. It’s sitting on strong cash reserves and has very little long-term debt. Nonetheless, I’m bearish because the valuation is simply stretched, given the company’s earnings potential. Moreover, I can’t see a significant turnaround on the horizon. GameStop and Roaring Kitty Let’s start by reminding ourselves why GameStop stock is so well known. The video game retailer, headquartered in Grapevine, Texas, became…
The Power of Money: How Governments and Banks Create Money and Help Us All Prosper. 2023. Paul Sheard. Penguin Random House. In The Power of Money: How Governments and Banks Create Money and Help Us All Prosper, Paul Sheard, an Australian American economist and the former vice chair of S&P Global, provides novel explanations related to money, including what it is and how governments, commercial banks, and central banks create it and influence its creation. He clarifies several common misunderstandings and controversies that many people have about money, including whether the US government is imposing a huge burden on our…