Adams Diversified Equity Fund (NYSE: ADX) has announced its third quarter distribution details. The issue price is set at $21.29 per share, based on the mean of high and low sales prices on August 21, 2024. The $0.44 distribution, payable on August 30, 2024, is part of the fund’s new
Southwest Airlines (WN, Dallas Love Field) is preparing for battle with activist fund Elliott Investment Management, and chief executive Bob Jordan has been rallying support from investors and employees, Reuters reported. Jordan told its staff in a memo seen by the news agency that the upcoming fight against Elliott would be for the “heart of
PHILADELPHIA, PA / ACCESSWIRE / August 22, 2024 / The Board of Trustees of abrdn Global Infrastructure Income Fund (NYSE:ASGI), announces today that shareholders of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) (“MFD” or the “Acquired Fund”), advised by First Trust Advisors L.P., have approved the proposed reorganization into ASGI (“Reorganization”) which is
A Manhattan property has acquired a $75 million mortgage loan, which will help transition the building from an office into a much bigger multifamily space. The current nine-story building is under the ownership of a joint venture, consisting of affiliates of both Metro Loft Management, headed by Nathan Berman, and David Werner Real Estate Investments. The property,
Leo Govoni, the Clearwater businessman accused by state officials of stealing more than $2 million from medical trust funds, has agreed to sell 11 properties in Florida and Kentucky to replace the missing funds, court records show. Under a new court injunction, liens of $200,000 will be placed on six properties in Pinellas and Charlotte
A controversial deal between Google and California lawmakers to fund local newsrooms has drawn scathing reviews from critics – with one key journalists’ union blasting the arrangement as a “shakedown” that would be “disastrous” for the industry. Billed as a “first-in-the-nation partnership” to help cash-strapped publishers and save jobs, the deal allows Google and other
Today Franklin Templeton announced its tokenized money market fund, FOBXX, is now available on the Avalanche blockchain. The asset manager first launched the fund on the Stellar blockchain more than three years ago with assets under management currently $402 million. Subsequently it expanded support to Polygon and Arbitrum, with plans to launch on the Aptos
The Russell 2000 may have a profitability problem. Though the small-cap index gained 10.1% in July, it’s dropped roughly 4% so far in August, as of Thursday morning. ALPS’ Paul Baiocchi chalks up the volatile moves to the index’s overall composition, with an estimate from Apollo Global showing 40% of those companies have negative earnings.
“We need the proceeds of the aggressor’s assets to work for real defense assistance against the aggressor – for all of this to work for Ukraine and Ukrainians in the coming months. The relevant discussions have been ongoing for too long, and we finally need decisions,” said Ukrainian President Volodymyr Zelenskyy in a traditional address
The Wallkill Valley Regional Board of Education has been awarded a $123,900 grant to explore the potential advantages of school district regionalization or consolidation. It was one of five school districts in the state to receive a School Regionalization Efficiency Program (SREP) grant from the New Jersey Department of Community Affairs (DCA) Division of Local