Mutual Funds Newswire
John Hancock Tax-Advantaged Global Shareholder Yield Fund Reports First Quarter Earnings
BOSTON, March 28 PRNewswire-FirstCall — John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY), a closed-end fund managed by John Hancock Advisers, LLC, reported today that net investment income was $2,026,760 for the first quarter ended January 31, 2008. As of January...
John Hancock Preferred Income Fund II Reports Second Quarter Earnings
BOSTON, March 28 PRNewswire-FirstCall — John Hancock Preferred Income Fund II (NYSE: HPF), a closed-end fund managed by John Hancock Advisers, LLC, reported today that net investment income was $11,097,042 for the second quarter ended January 31, 2008. For the comparable period in...
Fauquier Bankshares, Inc. Announces Warrenton Branch Relocation
WARRENTON, Va., March 28 PRNewswire-FirstCall — Fauquier Bankshares, Inc. (Nasdaq: FBSS) announced plans to open a new 8,000 square foot office in Warrenton at 87 West Lee Highway and move its current Broadview Avenue View Tree branch to the new location. The new West Lee Highway office...
New Resource Provides Traders with Trading Strategies at No Cost
WESLEY CHAPEL, Fla., March 27 PRNewswire — Market Technologies, LLC, and TradingEducation.com, LLC, have partnered and have begun publishing a new online publication, Trader Strategies, geared towards the financial markets and trading. The free publication has developed into a...
Alpine Dynamic Dividend Fund Declares a $0.25 Dividend Distribution for March 2008
NEW YORK, March 27 PRNewswire-FirstCall — Alpine Woods Capital Investors, LLC announced today the declaration of the quarter-end dividend distribution of ordinary income for the Alpine Dynamic Dividend Fund which will be paid as follows: ALPINE DYNAMIC DIVIDEND FUND (Ticker: ADVDX...
Seven Summits Research Releases Alerts on C, BIDU, HAL, MRVL, and INTU
CHICAGO, March 27 PRNewswire — Seven Summits Research issues PriceWatch Alerts for key stocks. Seven Summits Strategic Investments' PriceWatch Alerts are available at http://www.iotogo.com/s/032708A (Note: You may have to copy this link into your browser then press the [ENTER] key...
Sterling Shareholders Approve Merger with PNC
LANCASTER, Pa., March 26 PRNewswire-FirstCall — Sterling Financial Corporation of Lancaster, Pa., (Nasdaq: SLFI) announced that at a special shareholders meeting held today, its shareholders overwhelmingly approved the merger with and into The PNC Financial Services Group, Inc. (NYSE...
American Stock Exchange Lists Morgan Stanley's Protected Absolute Return Barrier Notes Based on the S&P 500 Index
NEW YORK, March 26 PRNewswire — The American Stock Exchange(R) (Amex(R)) opened trading on Morgan Stanley's Protected Absolute Return Barrier Notes Based on the S&P 500 Index. Priced at $10.00 per unit with an initial offer size of 6,670,000 units, this equity trades under the...
Mantria Corporation Introduces Mantria Financial, LLC 'The World's First and Only Green Mortgage Bank(TM)'
PHILADELPHIA, March 26 PRNewswire — Mantria Corporation, in their continuing efforts to promote land, community and real estate development with a conscience, proudly announces the creation of Mantria Financial, LLC - the first and only 100% green mortgage lender in the United...
American Capital Prices Public Offering of Common Stock
BETHESDA, Md., March 25 PRNewswire-FirstCall — American Capital Strategies Ltd. ("American Capital" or the "Company") (Nasdaq: ACAS) announced today it has priced its public offering of 8.7 million shares of its common stock at $36.41 per share for total net proceeds of approximately...
Alliance New York Municipal Income Fund, Inc. Monthly Distribution
NEW YORK, March 25 PRNewswire-FirstCall — Alliance New York Municipal Income Fund, Inc. (NYSE: AYN), a closed-end management investment company, declared on this date, March 25, 2008, a monthly distribution of $0.059 per share of Common Stock, payable on April 18, 2008 to shareholders...
AllianceBernstein National Municipal Income Fund, Inc. Monthly Distribution
NEW YORK, March 25 PRNewswire-FirstCall — AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a closed-end management investment company, declared on this date, March 25, 2008, a monthly distribution of $0.066 per share of Common Stock, payable on April 18, 2008 to...
Alliance California Municipal Income Fund, Inc. Monthly Distribution
NEW YORK, March 25 PRNewswire-FirstCall — Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a closed-end management investment company, declared on this date, March 25, 2008, a monthly distribution of $0.0615 per share of Common Stock, payable on April 18, 2008 to...
AllianceBernstein Global High Income Fund, Inc. Monthly Distribution
NEW YORK, March 25 PRNewswire-FirstCall — AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF), a closed-end management investment company, declared on this date, March 25, 2008, a monthly distribution of $0.085 per share of Common Stock, payable on April 18, 2008 to stockholders...
AllianceBernstein Income Fund, Inc. Monthly Distribution
NEW YORK, March 25 PRNewswire-FirstCall — AllianceBernstein Income Fund, Inc. (NYSE: ACG), a closed-end management investment company, declared on this date, March 25, 2008, a monthly distribution of $0.050 per share of Common Stock, payable April 18, 2008 to shareholders of record at...
SEI Advisor Resource Center Opens for Business
OAKS, Pa., March 25 PRNewswire-FirstCall — To increase productivity while tackling the array of business development needs financial advisors face, SEI (Nasdaq: SEIC) today announced the launch of the SEI Advisor Resource Center (ARC), a web-based marketing system for the SEI Advisor...
Lincoln Financial Group to Participate in the JPMorgan 2008 Insurance Conference
PHILADELPHIA, March 25 PRNewswire-FirstCall — Lincoln Financial Group (NYSE: LNC) will participate in the JPMorgan 2008 Insurance Conference on Thursday, March 27, 2008. Fred Crawford, chief financial officer, will present at approximately 10:30 a.m. ET, and expects to discuss the...
Key Consolidates Federal Student Loan Servicing
CLEVELAND, March 25 PRNewswire-FirstCall — Key Education Resources, the education financing arm of KeyBank, today announced that it will consolidate its Federal student loan servicing with Great Lakes Education Loan Services and American Education Services beginning April 1, 2008. Key's...
Art Zimmer to Retire From OppenheimerFunds, Inc.
NEW YORK, March 25 PRNewswire — OppenheimerFunds, Inc. announced today that after 18 years of service, Art Zimmer, Loan Team leader and Portfolio Manager for Oppenheimer Senior Floating Rate Fund, will retire from the Company effective April 30, 2008. "Art initiated and developed...
Alger Receives Top Internet Advertising Awards for Spectra Campaigns
NEW YORK, March 25 PRNewswire — Fred Alger Management, Inc. ("Alger"), a leading asset management firm, announced today that it has been awarded with four of the Web Marketing Association's annual Internet Advertising Competition (IAC) Awards (www.advertisingcompetition.org) in the...
Morningstar Investment Services Announces Morningstar(R) Managed ETF Portfolios
CHICAGO, March 24 PRNewswire-FirstCall — Morningstar Investment Services, a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. (Nasdaq: MORN), today introduced a managed account service consisting of a line-up of five actively managed portfolios that use...
Waddell & Reed Names New Portfolio Manager
OVERLAND PARK, Kan., Mar. 24 PRNewswire-FirstCall — Waddell & Reed Financial, Inc. (NYSE: WDR) today announced that Timothy J. Miller, CFA, has been named vice president and portfolio manager of the W&R Target Small Cap Value Portfolio and the Ivy Small Cap Value Fund. Miller, a...
ISS Governance Services Recommends Shareholders of Cohen & Steers REIT and Utility Income Fund Vote 'FOR' Re-election of the Board's Directors
NEW YORK, March 20 PRNewswire-FirstCall — ISS Governance Services, the leading independent proxy advisory firm, has recommended that shareholders of Cohen & Steers REIT and Utility Income Fund, Inc. (NYSE: RTU) vote the WHITE proxy card to re-elect the board's three nominees for a...
Houlihan Smith Acts as Advisor in the Sale of Greenline Financial Technologies, Inc.
CHICAGO, March 20 PRNewswire — Houlihan Smith & Company, Inc. acted as financial advisor in the sale of Greenline Financial Technologies, Inc. ("Greenline") to MarketAxess Holdings Inc. ("MarketAxess" /Nasdaq: MKTX). MarketAxess, an operator of a leading electronic trading...
The Spain Fund, Inc. Distribution Declaration
NEW YORK, March 20 PRNewswire-FirstCall — The Spain Fund, Inc. (NYSE: SNF), a closed-end management investment company, declared on this date, March 20, 2008, a quarterly distribution of $0.309 per share of Common Stock, payable on April 4, 2008 to shareholders of record at the close of...
CPI Qualified Plan Consultants adds JPMorgan Funds to Retirement Platform
NEW YORK, March 20 PRNewswire — JPMorgan Funds has announced that CPI Qualified Plan Consultants, Inc., a third party recordkeeping and administration company headquartered in Great Bend, Kansas, has added JPMorgan Funds to its retirement plan platform. The CPI retirement plan...
American Capital Receives Total Proceeds of $371 Million from Sale of Exstream Software to HP, Realizes a Gain of $18 Million
BETHESDA, Md., March 20 PRNewswire-FirstCall — American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it has realized a gain of $18 million and recognized total sale proceeds of $371 million in the first quarter of 2008 from the sale of its portfolio company Exstream...
ING Asia Pacific High Dividend Equity Income Fund Declares Quarterly Distribution
SCOTTSDALE, Ariz., March 20 PRNewswire-FirstCall — ING Asia Pacific High Dividend Equity Income Fund (NYSE: IAE), a closed-end management investment company, today declared its quarterly distribution of $0.498 per share. The distribution will be paid on April 15, 2008, to shareholders...
ING Risk Managed Natural Resources Fund Declares Quarterly Distribution
SCOTTSDALE, Ariz., March 20 PRNewswire-FirstCall — ING Risk Managed Natural Resources Fund (NYSE: IRR), a closed-end management investment company, today declared its quarterly distribution of $0.425 per share. The distribution will be paid on April 15, 2008, to shareholders of record...
ING Global Advantage and Premium Opportunity Fund Declares Quarterly Distribution
SCOTTSDALE, Ariz., March 20 PRNewswire-FirstCall — ING Global Advantage and Premium Opportunity Fund (NYSE: IGA), a closed-end management investment company, today declared its quarterly distribution of $0.465 per share. The distribution will be paid on April 15, 2008, to shareholders...
ACM Managed Dollar Income Fund Releases Monthly Portfolio Update
NEW YORK, March 19 PRNewswire-FirstCall — ACM Managed Dollar Income Fund, Inc. (NYSE: ADF) (the "Fund") today released its monthly portfolio update as of February 29, 2008. ACM Managed Dollar Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Russia 7.50% (03/31/30) 4.80% 2...
AllianceBernstein Income Fund Releases Monthly Portfolio Update
NEW YORK, March 19 PRNewswire-FirstCall — AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of February 29, 2008. AllianceBernstein Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) US Treasury 11.25% (02/15/15...
Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, March 19 PRNewswire-FirstCall — Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of February 29, 2008. Alliance California Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Los...
Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, March 19 PRNewswire-FirstCall — Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of February 29, 2008. Alliance New York Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) NYS Mtg Agy AMT...
AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, March 19 PRNewswire-FirstCall — AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of February 29, 2008. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio...
AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, March 19 PRNewswire-FirstCall — AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of February 29, 2008. AllianceBernstein Global High Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Brazil...
The Spain Fund Releases Monthly Portfolio Update
NEW YORK, March 19 PRNewswire-FirstCall — The Spain Fund, Inc. (NYSE: SNF) (the "Fund") today released its monthly portfolio update as of February 29, 2008. Top 10 Equity Holdings Portfolio% Country 1) Telefonica Sa 19.10% Spain 2) Banco Santander Sa 13.70% Spain 3) Iberdrola Sa 9.96...
Capital Z Asset Management Invests with LightKeeper Investments, LP
NEW YORK, March 19 PRNewswire-FirstCall — Capital Z Asset Management, LLC today announced that an affiliated entity has made an investment in LightKeeper Investments, LP, a Boston-based long/short equity hedge fund focused on the global technology sector. LightKeeper is managed by...
John Hancock Tax Advantaged Dividend Income Fund (NYSE: HTD) Receives Backing of Major Proxy Advisor for Re-Election of Current Trustees
BOSTON, March 19 PRNewswire-FirstCall — John Hancock Funds announced today that Institutional Shareholder Services Inc. (ISS), one of the nation's leading independent proxy voting advisors, has recommended that shareholders of the John Hancock Tax-Advantaged Dividend Income Fund...
Federated Investors, Inc.'s President and CEO J. Christopher Donahue to Present at Bank of America 2008 Smid Cap Conference
PITTSBURGH, March 19 PRNewswire-FirstCall — Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, announced today that President and CEO J. Christopher Donahue is scheduled to present the company's strategy for growth at the Bank of America 2008 Smid...
Turner Investment Partners Added to AHA Diversified Equity Fund
CHICAGO, March 19 PRNewswire — Highly regarded Turner Investment Partners (Turner) joined the Chicago-based AHA Diversified Equity Fund (AHADX) as a fourth sub-advisor on February 29, 2008. The fund, a tobacco-free investment opportunity, began in 1988 sponsored by the American Hospital...
Industry Veteran Joins FocusShares Board
MONTVALE, N.J., March 19 PRNewswire — FocusShares Trust (FocusShares) held its quarterly Board of Trustees meeting at its corporate headquarters in Montvale, NJ on March 12, 2008. The Board of Trustees regretfully accepted the resignation of Rob Steele, an Independent Trustee and...
FirstMerit Corporation Lowers Prime Rate to 5.25 Percent
AKRON, Ohio, March 18 PRNewswire-FirstCall — FirstMerit Corporation (Nasdaq: FMER) announced, on behalf of its subsidiary banks, it has lowered its prime rate from 6.00 percent to 5.25 percent, effective March 18, 2008. The rate was last changed on January 30, 2008 when FirstMerit...
Jacksonville Bancorp, Inc. Declares Dividend
JACKSONVILLE, Ill., March 18 PRNewswire-FirstCall — Andrew F. Applebee, Chairman of Jacksonville Bancorp, Inc. (the "Bancorp") today announced that the Bancorp has declared a cash dividend of $.075 per share on the Bancorp's common stock for the fiscal quarter ended March 31, 2008. The...
Calamos Releases Monthly Closed-End Fund Portfolio Data
NAPERVILLE, Ill., March 18 PRNewswire-FirstCall — Calamos Investments has released monthly portfolio data for February including asset allocation, quality allocation, representative holdings, sector weightings and other fund characteristics for the Calamos Convertible Opportunities...
European Capital Declares Q1 Dividend of Euro 0.15 Per Ordinary Share
ST. PETER PORT, Guernsey, March 18 PRNewswire-FirstCall — European Capital Limited ("European Capital") (LSE: ECAS) announced today that its Board of Directors has declared a first quarter 2008 dividend of euro 0.15 per ordinary share payable on 25 April 2008 to record holders of its...
ING Global Equity Dividend and Premium Opportunity Fund Declares Monthly Distribution
SCOTTSDALE, Ariz., March 17 PRNewswire-FirstCall — ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD), a closed-end management investment company, today declared a distribution of $0.156 per share. The distribution will be paid on April 15, 2008, to shareholders of...
ING International High Dividend Equity Income Fund Declares Monthly Distribution
SCOTTSDALE, Ariz., March 17 PRNewswire-FirstCall — ING International High Dividend Equity Income Fund (NYSE: IID), a closed-end management investment company, today declared its monthly distribution of $0.163 per share. The distribution will be paid on April 15, 2008, to shareholders of...
40|86 Strategic Income Fund Declares Dividend
CARMEL, Ind., March 17 PRNewswire-FirstCall — 40|86 Strategic Income Fund (NYSE: CFD) declared a dividend of $0.06375 per share, payable April 4, 2008 to holders of record at the close of business on March 31, 2008. 40|86 Strategic Income Fund is a closed-end investment management...
REVISED: Aberdeen Australia Equity Fund, Inc. Announces Record Date and Payment Date for Quarterly Distribution
NEW YORK, March 17 PRNewswire-FirstCall — REVISED Aberdeen Australia Equity Fund, Inc. (Amex: IAF) ("the "Fund"), a closed-end equity fund, announced today that it will pay a quarterly distribution of US 41 cents per share on April 11, 2008 to all shareholders of record as of March...
Month-End Portfolio Data Now Available for Federated Investors' Closed-End Municipal Funds
PITTSBURGH, March 17 PRNewswire-FirstCall — Federated Investors, Inc. today announced that monthly fund composition and performance data for Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) as of Feb. 29, 2008 is...
John Hancock Tax-Advantaged Dividend Income Fund Board Urges Shareholders to Re-Elect James F. Carlin and William H. Cunningham as Fund Trustees
BOSTON, March 17 PRNewswire-FirstCall — The John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) will hold the annual shareholders meeting on Monday, March 31, 2008, at 10 a.m. Eastern Time at the fund's offices, 601 Congress Street, Boston, Massachusetts. Because the Board is...
Aberdeen Australia Equity Fund, Inc. Announces Record Date and Payment Date for Quarterly Distribution
NEW YORK, March 17 PRNewswire-FirstCall — Aberdeen Australia Equity Fund, Inc. (Amex: IAF) (the "Fund"), a closed-end equity fund, announced today that it will pay a quarterly distribution of US 40 cents per share on April 11, 2008 to all shareholders of record as of March 31, 2008...
Aberdeen Global Income Fund, Inc. Announces Increased Monthly Distribution
NEW YORK, March 17 PRNewswire-FirstCall — Aberdeen Global Income Fund, Inc. (Amex: FCO) (the "Fund"), a closed-end bond fund, announced today that it will pay a monthly distribution of US 7.0 cents per share on April 11, 2008 to all shareholders of record as of March 31, 2008...
Aberdeen Asia-Pacific Income Fund, Inc. Announces Record Date and Payment Date for Monthly Distribution
NEW YORK, March 17 PRNewswire-FirstCall — Aberdeen Asia-Pacific Income Fund, Inc. (Amex: FAX) (the "Fund"), a closed-end bond fund, announced today that it will pay a monthly distribution of US 3.5 cents per share on April 11, 2008 to all shareholders of record as of March 31, 2008...
Evergreen Investments Announces Change to Product Line
BOSTON, March 14 PRNewswire-FirstCall — Evergreen Investments announced today that the Board of Trustees of the Evergreen Funds approved a name and investment strategy change for Evergreen Balanced Fund (EKBAX, EKBBX, EKBCX, EKBYX) and Evergreen VA Balanced Fund. In order to describe...
Aberdeen Global Income Fund, Inc. Announces Payment of Monthly Distribution
NEW YORK, March 14 PRNewswire-FirstCall — Aberdeen Global Income Fund, Inc. (Amex: FCO) (the "Fund"), a closed-end bond fund, today announced that it paid on March 14, 2008, a monthly distribution of US 6.5 cents per share to all shareholders of record as of February 29, 2008. For...
Aberdeen Asia-Pacific Income Fund, Inc. Announces Payment of Monthly Distribution
NEW YORK, March 14 PRNewswire-FirstCall — Aberdeen Asia-Pacific Income Fund, Inc. (Amex: FAX) (the "Fund"), a closed-end bond fund, today announced that it paid on March 14, 2008, a monthly distribution of US 3.5 cents per share to all shareholders of record as of February 29, 2008...
Cohen & Steers Seeking Alternatives to Auction Market Preferreds
NEW YORK, March 14 PRNewswire-FirstCall — Cohen & Steers announced today that it is actively seeking alternative financing for eight of its closed-end funds that have issued auction market preferred securities (AMPS). "We are very sensitive to the liquidity issues facing our...
Evergreen Closed End Funds Declare Monthly Dividends
BOSTON, March 13 PRNewswire-FirstCall — Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund (Amex: EAD), Evergreen Multi-Sector Income Fund (Amex: ERC), Evergreen Utilities and High Income Fund (Amex: ERH) and Evergreen International...
Amscot Financial Contributes to Brevard County's Boys & Girls Club, Supporting Programs for At-Risk Youth
MELBOURNE, Fla., March 13 PRNewswire — Amscot Financial, a leading provider of convenient, consumer-oriented financial services, invites all to come out and have fun "the Amscot way" at its open house on Saturday, March 15, from 2 p.m. to 4 p.m. at 1400 W. New Haven Avenue in Melbourne...
Petroleum & Resources Provides Year-To-Date Update at Annual Meeting in Baltimore
BALTIMORE, March 13 PRNewswire-FirstCall — Petroleum & Resources Corporation (NYSE: PEO) held its Annual Meeting in Baltimore today and provided this update. The information was updated through March 6, 2008: PERFORMANCE AND REALIZED CAPITAL GAINS The year-to-date total return on...
Adams Express Provides Year-To-Date Update at Annual Meeting in Baltimore
BALTIMORE, March 13 PRNewswire-FirstCall — The Adams Express Company (NYSE: ADX) held its Annual Meeting in Baltimore today and provided this update. The information was updated through March 6, 2008: PERFORMANCE AND REALIZED CAPITAL GAINS The year-to-date total return for the...
John Hancock Trustees Actively Seeking Solutions for Closed-End Fund Shareholders
BOSTON, March 13 PRNewswire-FirstCall — John Hancock Funds' Board of Trustees is actively seeking solutions for seven closed-end funds affected by the liquidity crisis caused by the disruption in the auction rate preferred securities (ARPS) market, Keith F. Hartstein, President and...
John Hancock Taps Marianne Harrison to Lead Long-Term Care Insurance Business
BOSTON, March 13 PRNewswire-FirstCall — Marianne Harrison has been named President, John Hancock Long-Term Care Insurance, it was announced by Jim Boyle, President, John Hancock Insurance Group. In her new position, Ms. Harrison will be responsible for all functions within the long-term...
Alpine Mutual Funds Expands Team with Six-Time Institutional Investor 'All- America Team' Analyst Stephen Kim
PURCHASE, N.Y., March 13 PRNewswire-FirstCall — Alpine Woods Capital Investors, LLC manager of the Alpine family of mutual funds is pleased to announce the addition of Stephen S. Kim as Senior Real Estate Analyst. He was most recently a managing director at Citi Investment Research...
ING Launches New Campaign To Help Make Retirement Planning Easier; Wants Americans To Know Their 'Number'
ATLANTA, March 13 PRNewswire-FirstCall — ING, one of the world's leading financial services organizations, announced today the launch of a new integrated marketing campaign entitled 'Your Number.' The goal of the campaign is to help simplify the process of retirement planning for...
Octavian, Provider of Holistic Wealth Management Software, to Exhibit at MMI Annual Convention in Boston
BOSTON, March 13 PRNewswire — Octavian, a provider of software solutions to the Wealth and Investment Management industry, will be exhibiting at the upcoming Money Management Institute (MMI) 2008 Annual Convention taking place in Boston on March 18-19. Octavian will be demonstrating its...
Cohen & Steers Advantage Income Realty Fund, Inc. Declares Dividends for April, May and June 2008
NEW YORK, March 12 PRNewswire-FirstCall — The Board of Directors of Cohen & Steers Advantage Income Realty Fund, Inc. (NYSE: RLF) today declared three monthly distributions of $0.16 per common share for April, May and June 2008.* Details are as follows: The April 2008 distribution...
Cohen & Steers Select Utility Fund, Inc. Declares Dividends for April, May and June 2008
NEW YORK, March 12 PRNewswire-FirstCall — The Board of Directors of Cohen & Steers Select Utility Fund, Inc. (NYSE: UTF) has declared three monthly distributions of $0.185 per common share for April, May and June 2008.* Details are as follows: The April 2008 distribution is...
Cohen & Steers Quality Income Realty Fund, Inc. Declares Dividends for April, May and June 2008
NEW YORK, March 12 PRNewswire-FirstCall — The Board of Directors of Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) today declared three monthly distributions of $0.15 per common share for April, May and June 2008.* Details are as follows: The April 2008 distribution...
Cohen & Steers REIT and Utility Income Fund, Inc. Declares Dividends for April, May and June 2008
NEW YORK, March 12 PRNewswire-FirstCall — The Board of Directors of Cohen & Steers REIT and Utility Income Fund, Inc. (NYSE: RTU) has declared three monthly distributions of $0.1375 per common share for April, May and June 2008.* Details are as follows: The April 2008 distribution...
Cohen & Steers Premium Income Realty Fund, Inc. Declares Dividends for April, May and June 2008
NEW YORK, March 12 PRNewswire-FirstCall — The Board of Directors of Cohen & Steers Premium Income Realty Fund, Inc. (NYSE: RPF) today declared three monthly distributions of $0.16 per common share for April, May and June 2008.* Details are as follows: The April 2008 distribution...
Cohen & Steers Worldwide Realty Income Fund, Inc. Declares Dividends for April, May and June 2008
NEW YORK, March 12 PRNewswire-FirstCall — The Board of Directors of Cohen & Steers Worldwide Realty Income Fund, Inc. (NYSE: RWF) has declared three monthly distributions of $0.12 per common share for April, May and June 2008.* Details are as follows: The April 2008 distribution...
Cohen & Steers Total Return Realty Fund, Inc. Declares Dividends for April, May and June 2008
NEW YORK, March 12 PRNewswire-FirstCall — The Board of Directors of Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) has declared three monthly distributions of $0.1125 per share for April, May and June 2008.* Details are as follows: The April 2008 distribution is payable...
Cohen & Steers Dividend Majors Fund, Inc. Declares Dividends for April, May and June 2008
NEW YORK, March 12 PRNewswire-FirstCall — The Board of Directors of Cohen & Steers Dividend Majors Fund, Inc. (NYSE: DVM) has declared three monthly distributions of $0.105 per share for April, May and June 2008.* Details are as follows: The April 2008 distribution is payable on...
The China Fund, Inc. Reports First Quarter Results
NEW YORK, March 12 PRNewswire-FirstCall — The China Fund, Inc. (NYSE: CHN) today announced its financial results for the first quarter ended January 31, 2008. The Fund is a closed-end management investment company seeking long-term capital appreciation primarily through investments...
ULLICO Inc. Names David J. Barra to be Chief Financial Officer
WASHINGTON, March 12 PRNewswire — David J. Barra, former Conseco senior finance officer, has been named Chief Financial Officer of ULLICO Inc., labor's own insurance and financial services company, effective March 10, 2008. The Board of Directors approved the hiring in the February...
Hagin Investment Management Now One of the Few Hedge Funds Run by a Woman and a Minority
NEW YORK, March 12 PRNewswire — Hagin Investment Management announces that Nathan Lee, CFA has joined the portfolio and risk management team. With the addition of Lee to the company, the Midtown Manhattan-based fund is now one of the few in the world with a portfolio management team...
Employers Enhancing 401(k)s to Compensate for Retirement Plan Changes, Watson Wyatt Finds
WASHINGTON, March 12 PRNewswire-FirstCall — Many companies that shift from traditional defined benefit (DB) pension plans to defined contribution (DC) plans, such as 401(k)s, are enhancing contributions to their DC plans, according to a recent survey by Watson Wyatt Worldwide, a leading...
John Hancock Income Securities Trust Declares Quarterly Dividend
BOSTON, March 11 PRNewswire-FirstCall — John Hancock Income Securities Trust (NYSE: JHS) declared its quarterly dividend today as follows: Declaration Date: March 11, 2008 Ex Date: March 19, 2008 Record Date: March 24, 2008 Payment Date: March 31, 2008 Dividend Amount: $0.25510 This...
John Hancock Investors Trust Declares Quarterly Dividend
BOSTON, March 11 PRNewswire-FirstCall — John Hancock Investors Trust (NYSE: JHI) declared its quarterly dividend today as follows: Declaration Date: March 11, 2008 Ex Date: March 19, 2008 Record Date: March 24, 2008 Payment Date: March 31, 2008 Dividend Amount: $0.35590 This dividend...
NelsonHall Reveals Findings of New Research into the End User Workplace Services Market
LONDON and BOSTON, March 11 PRNewswire — NelsonHall, the leading independent analyst firm, totally dedicated to BPO and ITO advice, today announced the availability of its latest research entitled "Assessing The End User Workplace Services (EUWS) Market." This report is a comprehensive...
John Hancock Investors Trust Reports Fourth Quarter Earnings
BOSTON, March 10 PRNewswire-FirstCall — John Hancock Investors Trust (NYSE: JHI), a closed-end fund managed by John Hancock Advisers, LLC, reported today that net investment income was $4,208,786 for the fourth quarter ended December 31, 2007. For the comparable period in 2006, net...
John Hancock Income Securities Trust Reports Fourth Quarter Earnings
BOSTON, March 10 PRNewswire-FirstCall — John Hancock Income Securities Trust (NYSE: JHS), a closed-end fund managed by John Hancock Advisers, LLC, reported today that net investment income was $3,820,325 for the fourth quarter ended December 31, 2007. For the comparable period in 2006...
ING Releases Plan Documents to Help Public Schools Meet New IRS Retirement Plan Laws
HARTFORD, Conn., March 10 PRNewswire-FirstCall — ING announced today that it is making available 403(b) plan documents that public schools can adopt to meet the new IRS 403(b) requirements by January 1, 2009. In July 2007, the IRS issued final regulations concerning 403(b) tax- deferred...
John Hancock Expands Online Long-Term Care Insurance (LTCI) Training Options to Help Advisors Meet New NAIC Producer Regulations
BOSTON, March 10 PRNewswire-FirstCall — John Hancock Life Insurance Company (John Hancock) will expand its long-term care insurance (LTCI) training efforts this month by launching an online program that will be compliant with NAIC Producer Training Regulations and state LTCI Partnership...
Touchstone Investments Launches New Institutional Mid Cap Growth Fund
CINCINNATI, March 10 PRNewswire — Touchstone Investments announced it is expanding its product offering with the introduction of the Touchstone Mazama Institutional Growth Fund (The Fund). The Fund will rely on its sub- advisor, Mazama Capital Management, Inc., to manage its...
Federated Investors' Closed-End Municipal Funds Declare Monthly Dividends
PITTSBURGH, March 10 PRNewswire-FirstCall — Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) have declared their monthly dividends. The funds seek to provide investors with current dividend income that is exempt...
John Hancock Advisers Releases Portfolio Information for Closed-End Funds
BOSTON, March 10 PRNewswire-FirstCall — John Hancock Advisers, LLC announced today that portfolio information, such as performance, top-ten holdings and sector weightings, is available for its closed-end funds as of February 29, 2008. This information is available on John Hancock Funds...
HedgeFund.net (HFN): Hedge Funds Rise as Equity Markets Fall in February
NEW YORK, March 10 PRNewswire — Early estimates show the HFN Hedge Fund Aggregate Average, an equal weighted benchmark of all single manager hedge funds and CTA/managed futures products in the HedgeFund.net database, was +2.93% in February 2008. The HedgeFund.net database consists of...
Schroders Adds Multi-Asset Fund to U.S. Lineup
NEW YORK, March 10 PRNewswire-FirstCall — Schroders, the $280 billion* global asset manager, today announced the launch of the Schroder Multi-Asset Growth Portfolio as part of the firm's continuing North American expansion. This Fund is designed to give investors the opportunity to...
NSX Releases February ETF/ETN Data Report
CHICAGO, March 7 PRNewswire — National Stock Exchange(SM) (NSX(R)) today announced that U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) assets reached $572.8 billion at the end of February 2008, an increase of 29 percent over $443.1 billion at month-end...
Aberdeen Global Income Fund, Inc. Announces Replacement of Auction Market Preferred Stock With Equivalent Bank Borrowing
NEW YORK, March 7 PRNewswire-FirstCall — Aberdeen Global Income Fund, Inc. (Amex: FCO) (the "Fund"), a closed-end bond fund, has resolved to redeem the US$30 million outstanding Series W-7 shares (CUSIP: 003013208) of Auction Market Preferred Stock (the "AMPS") pursuant to their terms...
The Colony Group Named a 'Top Guns' Investment Manager for the Third Quarter in a Row
BOSTON, March 7 PRNewswire — Informa Investment Solutions, one of the nation's leading investment database firms, named The Colony Group a "Top Guns" investment manager for the fourth quarter of 2007 - the third consecutive quarter that the company achieved this recognition. Informa...
Legg Mason Announces Update of Money Market Fund Support
BALTIMORE, March 7 PRNewswire-FirstCall — Legg Mason, Inc. (NYSE: LM) announced that it has obtained a letter of credit from a large bank to provide support to a Structured Investment Vehicle (SIV) holding in a money market fund. The Company also provided an update of the combined...
Education Level and Marital Status Among Factors Influencing 401(K) Investing, Watson Wyatt Finds
WASHINGTON, March 6 PRNewswire-FirstCall — While the average U.S. household invests about 55 percent of its 401(k) or other defined contribution plan assets in common stocks, many Americans are investing all or nothing in equities, due to a host of factors, including education level and...
The Mexico Fund, Inc. Announces Terms of Forthcoming In-Kind Repurchase Offer
WASHINGTON, March 6 PRNewswire-FirstCall — The Mexico Fund, Inc. (NYSE: MXF) announced today that its forthcoming in-kind repurchase offer will be conducted from March 10, 2008 to April 1, 2008. The Fund will offer to repurchase up to 5% of its outstanding shares in exchange for a...
Remarketing Agents of Delaware Investments Arizona Municipal Income Fund, Inc., Delaware Investments Colorado Municipal Income Fund, Inc., Delaware Minnesota Municipal Income Fund II, Inc. and Delaware National Municipal Income Fund Unable to Remarket Pre
PHILADELPHIA, March 5 PRNewswire-FirstCall — Delaware Investments announces that the remarketing agents for the preferred shares of four Delaware Investments closed-end funds: Delaware Investments Arizona Municipal Income Fund, Inc. (the "Arizona Fund") (ASE: VAZ); Delaware...
Delaware Investments(R) Municipal Income Funds Announce Dividends
PHILADELPHIA, March 5 PRNewswire-FirstCall — Today, the following four Delaware Investments municipal income funds, all closed-end management investment companies, declare their monthly income dividends(1): Delaware Investments Arizona Municipal Income Fund, Inc., Delaware...
Delaware Enhanced Global Dividend and Income Fund Announces Dividends
PHILADELPHIA, March 5 PRNewswire-FirstCall — Today, Delaware Enhanced Global Dividend and Income Fund (the "Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "DEX," declares a monthly dividend of $0.142 per share. The dividend is payable March 28, 2008...
Delaware Investments Global Dividend and Income Fund, Inc. Announces Dividends
PHILADELPHIA, March 5 PRNewswire-FirstCall — Today, Delaware Investments Global Dividend and Income Fund, Inc. (the "Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "DGF," declares a monthly dividend of eight cents per share. This dividend is payable...
Delaware Investments Dividend and Income Fund, Inc. Announces Dividends
PHILADELPHIA, March 5 PRNewswire-FirstCall — Today, Delaware Investments Dividend and Income Fund, Inc. (the "Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "DDF," declares a monthly dividend of eight cents per share. This dividend is payable March...
On Point Agenda Draws over 100 Leading Hedge Fund Specialists to New York on March 12 to Examine All Sectors of Risk: Credit, Valuation, Compliance, Regulatory, Operational, Legal, Quantitative, Strategy, Liquidity
NEW YORK, March 5 PRNewswire — The On Point Group LLC announced today the addition of three top level speakers to its Investor & Hedge Fund Risk Summit (investorhedgerisk.com), taking place on March 12th and 13th at the 3 West Club in New York City. They are Espen Robak, President...
John Hancock Funds' Signature Services Unit Named 'Best-in-Class' by National Quality Review for 2007
BOSTON, March 5 PRNewswire-FirstCall — John Hancock Signature Services, Inc. (JHSS), the transfer and shareholder services agent for John Hancock Funds, was awarded "Best-In-Class" honors and "5-Star" performer status for telephone customer service for all of 2007 by National Quality...
Aberdeen Australia Equity Fund, Inc. Announces Performance Data and Portfolio Composition
NEW YORK, March 5 PRNewswire-FirstCall — Aberdeen Australia Equity Fund, Inc. (the "Fund") (Amex: IAF), a closed-end equity fund, announced today its performance data and portfolio composition as of January 31, 2008. The Fund's total returns for various periods through January 31...
Northern Trust Launches Global Sustainability Index Fund
CHICAGO, March 5 PRNewswire-FirstCall — Recognizing investors' increased desire to be socially responsible while achieving investment objectives, Northern Trust today introduced the Northern Global Sustainability Index Fund. The Fund is a competitively priced mutual fund seeking...
Delaware Investments Appoints BNY Mellon Asset Servicing as Fund Services Provider for New Irish-Domiciled UCITS Fund
LONDON, March 5 PRNewswire-FirstCall — BNY Mellon Asset Servicing, the global leader in securities servicing, has been awarded a full administration mandate by Delaware Investments for its offshore UCITS III fund complex, Delaware Investments Global Funds plc. Domiciled in Dublin...
BISA Announces 2007 Awards of Excellence Winners
HOLLYWOOD, Fla., March 4 PRNewswire — At its 2008 Annual Convention Awards Ceremony in Florida the BISA announced the winners of the annual BISA Awards of Excellence in 2007. The Awards of Excellence program consists of four annual awards; the Executive of the Year, the Large...
Rothstein Kass Adds Ricky Rahaman as Principal in Tax Practice
ROSELAND, N.J., March 4 PRNewswire — Rothstein Kass, a professional services firm providing innovative solutions to a variety of industries, today announced they have hired Ricky Rahaman, CPA, as a tax principal in the Commercial Services division. He joins Rothstein Kass after spending...
Rich Investing Strategy up 43.9% vs. the S&P (Since Oct. 31, 2007)
VANCOUVER, Wash., March 4 PRNewswire — Rich News, a unique financial newsletter service, today announced that The Rich Investing Strategy first published in November 2007, is now up a remarkable 43.9% relative to the Standard and Poor's 500 index. Developed by Rich Rodriguez, MBA, The...
John Hancock Bank and Thrift Opportunity Fund Declares Quarterly Managed Distribution
BOSTON, March 3 PRNewswire-FirstCall — John Hancock Bank and Thrift Opportunity Fund (NYSE: BTO) declared its quarterly distribution pursuant to the fund's 10% managed distribution policy today as follows: Declaration date: March 3, 2008 Ex-dividend date: March 10, 2008 Record date...
John Hancock Tax-Advantaged Global Shareholder Yield Fund Declares Quarterly Dividend
BOSTON, March 3 PRNewswire-FirstCall — John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY) declared its quarterly dividend today as follows: Declaration date: March 3, 2008 Ex-dividend date: March 10, 2008 Record date: March 12, 2008 Payment date: March 31, 2008...
John Hancock Closed-end Funds Declare Monthly Dividends
BOSTON, March 3 PRNewswire-FirstCall — Five John Hancock closed-end funds declared their monthly dividends today as follows: Declaration Date: March 3, 2008 Ex Date: March 10, 2008 Record Date: March 12, 2008 Payable Date: March 31, 2008 Annualized Rate Change Yield at from Ticker Fund...
Calamos Closed-End Funds (CHI, CHY, CSQ, CGO and CHW) Announce Monthly Distributions for March 2008
NAPERVILLE, Ill., March 3 PRNewswire-FirstCall — Calamos Investments announced today the declaration of monthly distributions on each common share for its five closed-end funds. Fund Distribution Payable Record Ex-dividend (Level Rate) date date date CHI (inception 06/26/2002) Calamos...
Delaware Investments Set to Reopen Small Cap Value Fund to New Investors
PHILADELPHIA, March 3 PRNewswire-FirstCall — Delaware Investments announced that the Delaware Small Cap Value Fund (ticker: DEVLX) will be reopening to new investors and the Delaware VIP Small Cap Value Series will be offered for inclusion in new insurance products effective March 7...
Hennessy Funds Launches Institutional Share Class
NOVATO, Calif., March 3 PRNewswire-FirstCall — Hennessy Advisors, Inc. (OTC Bulletin Board: HNNA), investment manager of the Hennessy family of mutual funds, today announced the launch of an Institutional share class of its Hennessy Cornerstone Growth Fund (HICGX), Hennessy...
John Hancock Tax-Advantaged Dividend Income Fund Pays Monthly Dividend Pursuant to Level Distribution Policy
BOSTON, Feb. 29 PRNewswire-FirstCall — John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) paid its monthly distribution pursuant to the level distribution policy as follows: Declaration Date: February 1, 2008 Ex Date: February 8, 2008 Record Date: February 12, 2008 Payable...
AllianceBernstein Income Fund, Inc. Reports Fourth Quarter Earnings
NEW YORK, Feb. 29 PRNewswire-FirstCall — AllianceBernstein Income Fund, Inc. (NYSE: ACG), a registered closed-end investment company, today announced earnings for the fourth quarter ended December 31, 2007. Total net assets of the Fund on December 31, 2007 were $2,084,372,114, as...
ACM Managed Dollar Income Fund, Inc. Reports First Quarter Earnings
NEW YORK, Feb. 29 PRNewswire-FirstCall — ACM Managed Dollar Income Fund, Inc. (NYSE: ADF), a registered closed-end investment company, today announced earnings for the first quarter ended December 31, 2007. Total net assets of the Fund on December 31, 2007 were $159,484,525, as compared...
History in the Making-Thousands of Seminar Attendees Log on from the Comfort of Their Home To Attend Live Webcast Events
SARASOTA, Fla., Feb. 29 PRNewswire — InterShow, the world's leading producer of investment trade shows, recently hosted The Traders Expo in New York with more than 6,800 active traders in attendance. As the leader in the investment tradeshow industry, InterShow is one of the first to...
Driven by U.S. Enthusiasm, Global VC Investment in Clean Technologies Jumps 43% in 2007 to $3 billion
SAN FRANCISCO and NEW YORK, Feb. 29 PRNewswire — An eco-conscious society powered by clean energy, a vision long championed by scientists and environmental advocates, may soon be a reality. This is according to new data released today by Dow Jones VentureSource that shows venture...
Federated Investors, Inc. Files Annual Report on Form 10-K with U.S. Securities and Exchange Commission
PITTSBURGH, Feb. 28 PRNewswire-FirstCall — Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission for the fiscal year ended Dec. 31, 2007. Federated makes...
Dreyfus Municipal Income, Inc. (Amex: DMF) Declares Dividend
NEW YORK, Feb. 28 PRNewswire-FirstCall — On Thursday, February 28, 2008, the Board of Directors of Dreyfus Municipal Income, Inc. (Amex: DMF) declared from net investment income a monthly cash dividend of $0.041 per share of common stock, payable on March 31, 2008 to shareholders of...
Dreyfus Strategic Municipals, Inc. (NYSE: LEO) Declares Dividend
NEW YORK, Feb. 28 PRNewswire-FirstCall — On Thursday, February 28, 2008, the Board of Directors of Dreyfus Strategic Municipals, Inc. (NYSE: LEO) declared from net investment income a monthly cash dividend of $0.042 per share of common stock, payable on March 31, 2008 to shareholders of...
ING U.S. Insurance Introduces Spanish-Language Customer Service
WINDSOR, Conn., Feb. 28 PRNewswire-FirstCall — ING has introduced a Spanish-language option for customers calling into its service centers for its U.S. Insurance division. Customers with individual life insurance and group life, group disability and other workplace-based insurance...
ING Introduces New WisdomTree(SM) Global-High Yielding Equity Index Portfolio as Variable Annuity Investment Option
NEW YORK, Feb. 28 PRNewswire-FirstCall — ING (NYSE: ING) and WisdomTree Investments, Inc. (Pink Sheets: WSDT) have announced the launch of ING WisdomTree Global High-Yielding Equity Index Portfolio (the "Portfolio"), a new fundamentally weighted index portfolio that will be available...
Federated Investors, Inc. Appoints Western Regional Sales Manager
PITTSBURGH, Pa., Feb. 28 PRNewswire-FirstCall — Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today announced the appointment of Thomas S. Schinabeck as vice president and western regional sales manager. The announcement was made by Colin B...
Toxic Neglect: Mutual Funds Opposing Shareholder Resolutions on Chemicals in Products Ignore Financial Risks to Shareholders
Turning a Blind Eye to Risk: Fidelity, American Funds, T Rowe Price, ING, Morgan Stanley, MassMutual; Some Encouraging Signs Seen at TIAA-CREF and ISS WASHINGTON, Feb. 28 PRNewswire — More than three out of four major mutual fund families in the United States — 40 out of 52 (or 77...
American Capital Invests in NextPoint(TM) Networks
BETHESDA, Md., Feb. 28 PRNewswire-FirstCall — American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that in January it and its affiliates invested in NextPoint(TM) Networks, Inc. NextPoint is the result of the convergence of NexTone Communications, a leader in software-centric...
European Capital Announces Refinancing of Portfolio Company Avery Weigh-Tronix and the Repayment of 18 Million Pounds Sterling of Preference Shares
ST. PETER PORT, Guernsey, Feb. 28 PRNewswire-FirstCall — European Capital Limited ("European Capital") (LSE: ECAS) announced today that its portfolio company Avery Weigh-Tronix Holdings Limited ("Avery") has completed the refinancing of 36 million pounds Sterling (euro 48 million) of...
Wachovia Earns Outstanding CRA Rating
CHARLOTTE, N.C., Feb. 28 PRNewswire-FirstCall — Wachovia has earned an "Outstanding" Community Reinvestment Act (CRA) rating, the highest possible, from the Office of the Comptroller of the Currency (OCC). Only 16 percent of banks regulated by the OCC achieve the "Outstanding" rating...
Dreyfus High Yield Strategies Fund Declares Dividend
NEW YORK, Feb. 27 PRNewswire-FirstCall — On February 27, 2008, the Board of Trustees of Dreyfus High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0285 per share of beneficial interest, payable on April 1, 2008 to shareholders of...
Shareholder Class Action Filed Against Morgan Keegan & Company, Inc. and Related Companies by the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP
RADNOR, Pa., Feb. 27 PRNewswire — The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Western District of Tennessee against...
Cohen & Steers, Inc. Board Declares Quarterly Dividend
NEW YORK, Feb. 27 PRNewswire-FirstCall — Cohen & Steers, Inc. (NYSE: CNS) announced that its Board of Directors declared the company's cash dividend for the first quarter of 2008 in the amount of $0.22 per share of common stock, increasing the dividend by $0.02 per share, or 10...
Sanders Morris Harris Group to Write Down High-Yield Fund Investment and Increase Loan Loss Reserves
HOUSTON, Feb. 27 PRNewswire-FirstCall — Sanders Morris Harris Group Inc. (Nasdaq: SMHG) today announced that it will write down the value of its high-yield hedge fund investment and increase loan reserves by approximately $5 million in the fourth quarter of 2007. The write downs stem...
American Capital Arranges $75 Million in Recapitalization and Add-On Acquisition Financing for Portfolio Company Tanenbaum-Harber
BETHESDA, Md., Feb. 27 PRNewswire-FirstCall — American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that in December 2007 it arranged the $75 million recapitalization of its portfolio company Tanenbaum-Harber Co. Holdings, Inc. ("TH"), an insurance brokerage and risk...
Bank of America Promotes Martin Richards to Global Commercial Banking Executive for the Pacific Northwest Region
SAN FRANCISCO, Feb. 27 PRNewswire — Bank of America announced today that Martin Richards has been promoted to Global Commercial Banking executive for the Pacific Northwest Region. Richards recently relocated back to San Francisco, where he previously served as the Commercial Banking...
Home Again Places Final Modular Homes
PASS CHRISTIAN, Miss., Feb. 27 PRNewswire — In the wake of Hurricane Katrina, residents of the Gulf Coast were left with the daunting task of rebuilding their lives and their homes. Today, 64 families who were facing significant housing challenges are in quality new homes through the...
Sovereign Presenting at KBW Conference
PHILADELPHIA, Feb. 27 PRNewswire-FirstCall — Sovereign Bancorp, Inc. ("Sovereign") (NYSE: SOV), parent company of Sovereign Bank ("Bank"), today announced participation in the upcoming Keefe, Bruyette & Woods Regional Bank Conference, to be held at The Langham Hotel in Boston on...
Old Mutual Asset Management (US) Reports Affiliates' Assets Under Management for 2007
BOSTON, Feb. 27 PRNewswire — Old Mutual Asset Management, the U.S. asset management group of Old Mutual plc (LSE: OML), announced assets under management (AUM) by the group's member firms of $332.6 billion, as of December 31, 2007, with fourth quarter net cash flow of $8.9 billion...
Latest Corporate Social Responsibility News from CSRwire - Change is a Constant for CRO's 100 Best Corporate Citizens List
SPRINGFIELD, Mass., Feb. 27 PRNewswire — "The more things change, the more they stay the same." So goes the old saying, aptly describing the annual 100 Best Corporate Citizens List, which shifted its nameplate last year from advocacy-leaning (Business Ethics) to industry-leaning (CRO...
American Stock Exchange Lists Citigroup Funding Inc.'s 13% Elks Based Upon Apple Inc.
NEW YORK, Feb. 26 PRNewswire — The American Stock Exchange(R) (Amex(R)) opened trading today on Citigroup Funding Inc.'s 13.5% ELKS Based Upon Apple Inc. Priced at $10.00 per unit with an initial offer size of 20,467,000 units, this equity trades under the ticker symbol EYJ and has a...
ACM Managed Dollar Income Fund, Inc. Monthly Distribution
NEW YORK, Feb. 26 PRNewswire-FirstCall — ACM Managed Dollar Income Fund, Inc. (NYSE: ADF), a closed-end management investment company, declared on this date, February 26, 2008, a monthly distribution of $0.0465 per share of Common Stock, payable on March 20, 2008 to stockholders of...
AllianceBernstein Global High Income Fund, Inc. Monthly Distribution
NEW YORK, Feb. 26 PRNewswire-FirstCall — AllianceBernstein Global High Income Fund, Inc.(NYSE: AWF), a closed-end management investment company, declared on this date, February 26, 2008, a monthly distribution of $0.085 per share of Common Stock, payable on March 20, 2008 to...
Alliance California Municipal Income Fund, Inc. Monthly Distribution
NEW YORK, Feb. 26 PRNewswire-FirstCall — Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a closed-end management investment company, declared on this date, February 26, 2008, a monthly distribution of $0.0615 per share of Common Stock, payable on March 20, 2008 to...
AllianceBernstein National Municipal Income Fund, Inc. Monthly Distribution
NEW YORK, Feb. 26 PRNewswire-FirstCall — AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a closed-end management investment company, declared on this date, February 26, 2008, a monthly distribution of $0.066 per share of Common Stock, payable on March 20, 2008 to...
Alliance New York Municipal Income Fund, Inc. Monthly Distribution
NEW YORK, Feb. 26 PRNewswire-FirstCall — Alliance New York Municipal Income Fund, Inc. (NYSE: AYN), a closed-end management investment company, declared on this date, February 26, 2008, a monthly distribution of $0.059 per share of Common Stock, payable on March 20, 2008 to shareholders...
AllianceBernstein Income Fund, Inc. Monthly Distribution
NEW YORK, Feb. 26 PRNewswire-FirstCall — AllianceBernstein Income Fund, Inc. (NYSE: ACG), a closed-end management investment company, declared on this date, February 26, 2008, a monthly distribution of $0.050 per share of Common Stock, payable March 20, 2008 to shareholders of record at...
RolloverSystems Introduces New IRA Solutions to Help Sponsors, Advisors Serve Unadvised 401(k) Participants
CHARLOTTE, N.C., Feb. 26 PRNewswire — RolloverSystems Inc., an independent provider of rollover services, is adding more high-quality, brand- name rollover options to its IRA line-up to enable plan sponsors, third party administrators (TPAs), and plan advisors to provide superior...
Sterling Financial Corporation of Spokane, Washington Increases Quarterly Cash Dividend 5% to $0.10 per Share
SPOKANE, Wash., Feb. 25 PRNewswire-FirstCall — Sterling Financial Corporation (Nasdaq: STSA) announced today that its board of directors unanimously approved a 5% increase in its quarterly cash dividend to $0.10 per share of common stock. The dividend is expected to be paid on April 11...
Citizens Republic Names Brockett Director of Human Resources
FLINT, Mich., Feb. 25 PRNewswire-FirstCall — Citizens Republic Bancorp (Nasdaq: CRBC) has hired Susan Brockett as executive vice president and director of human resources for the corporation effective today. As director of human resources, Brockett will be responsible for all areas of...
IFM Acquires Allco's 37.6% Equity in the Con Edison Electricity Generation Portfolio
NEW YORK, Feb. 25 PRNewswire — Industry Funds Management Pty Ltd ("IFM") announced today that it had reached agreement with Allco Finance Group ("Allco") to take over Allco's equity position in the purchase of the Consolidated Edison Inc. ("Con Edison") generating assets. IFM and...
Federated Investors' Closed-End Municipal Funds Preferred-Securities Dividend Rates Reset in Accordance with Predetermined Formulas
PITTSBURGH, Feb. 22 PRNewswire-FirstCall — Federated Investors, Inc. today announced that the dividend rates of preferred securities issued by Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) were recently reset...
F.N.B. Corporation Executives to Present at Bank Investor Conferences
HERMITAGE, Pa., Feb. 22 PRNewswire-FirstCall — F.N.B. Corporation (NYSE: FNB), a diversified financial services company, today announced that Stephen J. Gurgovits, Chairman and Chief Executive Officer of F.N.B. Corporation, and Brian F. Lilly, Chief Financial Officer of F.N.B...
QED International Associates Announces Changes to the HealthShares(TM) Dermatology and Wound Care Index
NEW YORK, Feb. 21 PRNewswire — QED International Associates, Inc., administrator for the HealthShares(TM) Indexes, a series of 20 underlying indexes for the HealthShares(TM) Exchange-Traded Funds, today announced that effective at the opening of trading on Tuesday February 26, 2008...
Lincoln Financial Group Announces Lincoln Lifetime Income(SM) Advantage - New Optional Living Benefit Rider Offers Flexible Retirement Income Solution
HARTFORD, Conn., Feb. 21 PRNewswire — Lincoln Financial Group today announced its new optional Guaranteed Lifetime Withdrawal Benefit (GLWB) rider, Lincoln Lifetime Income(SM) Advantage, available with the American Legacy and Choice Plus variable annuity product suite issued by The...
BNY Mellon Appointed Asset Servicer For GreenHaven Commodity ETF
NEW YORK, Feb. 21 PRNewswire-FirstCall — BNY Mellon Asset Servicing, the global leader in asset servicing, has been appointed servicer of the GreenHaven Continuous Commodity Index Fund (Amex: GCC), an exchange trade fund (ETF). BNY Mellon will provide creation and redemption...
John Hancock 2007 Variable Annuity Sales in Bank Channel Set Record of $1.4 Billion
BOSTON, Feb. 20 PRNewswire-FirstCall — John Hancock Financial said today that full year sales of variable annuities in the bank channel reached $1.4 billion in 2007, up from $1.0 billion in 2006. This full year increase of 41% marks the fifth consecutive year John Hancock has achieved...
Jersey Paves the Way for Alternative Investment Funds With New Order
ST. HELIER, Jersey, Feb. 20 PRNewswire — Walkers, the global offshore law firm of choice for investment banks, international law firms, collateral managers, and other financial institutions, announced the Collective Investment Funds (Unregulated Funds) (Jersey) Order 2008 came into...
OppenheimerFunds Retirement Services Introduces OppenheimerFunds Tru(k)ourse(TM) Feature to Retirement Programs
NEW YORK, Feb. 20 PRNewswire-FirstCall — OppenheimerFunds, Inc. (OFI), a leading asset manager, announced today the launch of Tru(k)ourse(TM) , an enhancement to its Pinnacle and Record(k)eeper Pro(SM) platforms, the Company's retirement programs for small and mid sized companies in the...
Liberty Bank, N.A. Declares Increased Dividend on Common Shares
BEACHWOOD, Ohio, Feb. 20 PRNewswire — Liberty Bank, N.A. (the "Company") announced today that its Board of Directors has declared a dividend of 11 cents per common share, payable to shareholders of record as of the close of business on February 22, 2008. The dividend is payable on March...
Freeman & Co. Report Details the Effects of Credit Market Events on Asset Management Industry
NEW YORK, Feb. 20 PRNewswire — Freeman & Co., a leading independent advisor to the financial services industry, released a report today covering the effects of recent events in the credit market on the asset management sector. In addition to recapping recent M&A activity in the...
James Stryker to Resign as Chief Financial Officer of Perkins & Marie Callender's Inc.
MEMPHIS, Tenn., Feb. 19 PRNewswire — Perkins & Marie Callender's Inc., headquartered in Memphis, Tenn., announced today that James W. Stryker, who joined PMCI's Marie Callender subsidiary in 2001 as chief financial officer and since 2006 has been executive vice president and chief...
Aberdeen Global Income Fund, Inc. Announces Record Date and Payment Date for Monthly Distribution
NEW YORK, Feb. 19 PRNewswire-FirstCall — Aberdeen Global Income Fund, Inc. (Amex: FCO) (the "Fund"), a closed-end bond fund, announced today that it will pay a monthly distribution of US 6.5 cents per share on March 14, 2008 to all shareholders of record as of February 29, 2008...
Aberdeen Asia-Pacific Income Fund, Inc. Announces Record Date and Payment Date for Monthly Distribution
NEW YORK, Feb. 19 PRNewswire-FirstCall — Aberdeen Asia-Pacific Income Fund, Inc. (Amex: FAX) (the "Fund"), a closed-end bond fund, announced today that it will pay a monthly distribution of US 3.5 cents per share on March 14, 2008 to all shareholders of record as of February 29, 2008...
First Florida Launches CashToolBox.com '125% LTV Pre-Closing Cash & Mortgage Approval Tools'
FORT MYERS, Fla., Feb. 19 PRNewswire — First Florida Financial Group, LLC has launched a new program that helps Builders & Realtors sell more properties. They enable borrowers to obtain a mortgage loan approval by using available equity in their, or a relative's, owned properties...
Duff & Phelps Investment Management Co. Provides Information on Preferred Share Auctions
CHICAGO, Feb. 19 PRNewswire-FirstCall — Duff & Phelps Investment Management Co. today commented on the disruptions in the short-term fixed income market that have resulted in recent failures in the periodic auction or remarketing of certain series of preferred stock issued by many...
Notice to All Citigroup Customers Who Invested in Auction Rate Securities from the Securities Law Firm of Klayman & Toskes
NEW YORK, Feb. 19 PRNewswire — The Securities Law Firm of Klayman & Toskes, P.A. ("K&T") with regard to its trading of Auction Rate Securities. Auction Rate Securities are typically represented to be safe investments which are akin to money-market funds. However, in the...
European Capital Increases Capital Resources to Euro 2.8 Billion; Obtains Euro 270 Million Unsecured Credit Facility
ST. PETER PORT, Guernsey, Feb. 19 PRNewswire-FirstCall — European Capital Limited (LSE: ECAS) ("European Capital") announced today that European Capital S.A. SICAR, a wholly-owned subsidiary of European Capital, has obtained a three year unsecured subordinated revolving credit...
MassMutual Reports Strong Financial Results
SPRINGFIELD, Mass., Feb. 19 PRNewswire — MassMutual Financial Group today reported strong financial results for 2007, including double-digit sales growth across all major business segments, a 25 percent increase in consolidated statutory net gain from operations before dividends and...
Tremont Appoints Susan Crotty SVP and Managing Director of Investment Management Services
RYE, N.Y., Feb. 19 PRNewswire — Tremont Capital Management, a leading manager of fund of hedge fund portfolios, today announced the appointment of Susan Crotty as Managing Director of Investment Management Services. Crotty will work both with the Sales and Marketing team and the...
BNY Mellon Asset Servicing to Provide Old Mutual Capital with Global Custody, Related Services for $5 Billion Mutual Fund Portfolio
NEW YORK, Feb. 19 PRNewswire-FirstCall — BNY Mellon Asset Servicing, the global leader in asset servicing, has been selected by Old Mutual Capital as global custodian for its mutual fund business, which manages more than $5 billion in assets. In addition, BNY Mellon Asset Servicing...
European Capital Increases Capital Resources to euro 2.5 Billion; Announces Issuance of euro 267 Million of AAA-Rated Investment Grade Notes
ST. PETER PORT, Guernsey, Feb. 18 PRNewswire-FirstCall — European Capital Limited (LSE: ECAS) ("European Capital") announced today that ECAS 2007-1 Loan BV ("ECAS 2007-1 BV"), an entity consolidated by European Capital, has issued euro 267 million of AAA-rated secured floating rate...
Accipiter Life Sciences Announces Nomination of Three Independent Director Candidates for Election to the Penwest Board at the 2008 Annual Meeting
NEW YORK, Feb. 15 PRNewswire — Accipiter Life Sciences Fund, LP ("Accipiter Life Sciences"), announced today that it has nominated Gabe Hoffman, David Lohman and Eugene I. Davis for election to the Board of Directors of Penwest Pharmaceuticals Co. (the "Company") (Nasdaq: PPCO) at the...
Evergreen Closed End Funds Declare Monthly Dividends
BOSTON, Feb. 15 PRNewswire-FirstCall — Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund (AMEX: EAD), Evergreen Multi-Sector Income Fund (AMEX: ERC), Evergreen Utilities and High Income Fund (AMEX: ERH), Evergreen International Balanced...
Implications of Recent Failed Auctions in the Municipal Bond Market on AllianceBernstein National Municipal Income Fund, Alliance New York Municipal Income Fund and Alliance California Municipal Income Fund
NEW YORK, Feb. 15 PRNewswire-FirstCall — AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), Alliance New York Municipal Income Fund, Inc. (NYSE: AYN), and Alliance California Municipal Income Fund, Inc. (NYSE: AKP) today released the following information...
Calamos Releases Monthly Closed-End Fund Portfolio Data
NAPERVILLE, Ill., Feb. 15 PRNewswire-FirstCall — Calamos Investments has released monthly portfolio data for January including asset allocation, quality allocation, representative holdings, sector weightings and other fund characteristics for the Calamos Convertible Opportunities and...
Month-End Portfolio Data Now Available for Federated Investors' Closed-End Municipal Funds
PITTSBURGH, Feb. 15 PRNewswire-FirstCall — Federated Investors, Inc. today announced that monthly fund composition and performance data for Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) as of Jan. 31, 2008 is now...
ING International High Dividend Equity Income Fund Declares Monthly Distribution
SCOTTSDALE, Ariz., Feb. 15 PRNewswire-FirstCall — ING International High Dividend Equity Income Fund (NYSE: IID), a closed-end management investment company, today declared its monthly distribution of $0.163 per share. The distribution will be paid on March 17, 2008, to shareholders...
ING Global Equity Dividend and Premium Opportunity Fund Declares Monthly Distribution
SCOTTSDALE, Ariz., Feb. 15 PRNewswire-FirstCall — ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD), a closed-end management investment company, today declared a distribution of $0.156 per share. The distribution will be paid on March 17, 2008, to shareholders of...
Aberdeen Global Income Fund, Inc. Announces Payment of Monthly Distribution
NEW YORK, Feb. 15 PRNewswire-FirstCall — Aberdeen Global Income Fund, Inc. (Amex: FCO) (the "Fund"), a closed-end bond fund, today announced that it paid on February 15, 2008, a monthly distribution of US 6.5 cents per share to all shareholders of record as of January 31, 2008. For the...
Aberdeen Asia-Pacific Income Fund, Inc. Announces Payment of Monthly Distribution
NEW YORK, Feb. 15 PRNewswire-FirstCall — Aberdeen Asia-Pacific Income Fund, Inc. (Amex: FAX) (the "Fund"), a closed-end bond fund, today announced that it paid on February 15, 2008, a monthly distribution of US 3.5 cents per share to all shareholders of record as of January 31, 2008...
Alpine Total Dynamic Dividend Fund Achieves Distributable Dividend Income Without Use of Leverage: Has Never Issued Auction Rate Securities
PURCHASE, N.Y., Feb. 15 PRNewswire-FirstCall — Alpine Total Dynamic Dividend Fund (NYSE: AOD) operates without any auction rate securities or long-term leverage of any kind. The Fund has distributed high current income monthly without the use of leverage, like issuing auction rate...
Alpine Global Dynamic Dividend Fund Achieves Distributable Dividend Income Without Use of Leverage: Has Never Issued Auction Rate Securities
PURCHASE, N.Y., Feb. 15 PRNewswire-FirstCall — Alpine Global Dynamic Dividend Fund (NYSE: AGD) operates without any auction rate securities or long-term leverage of any kind. The Fund has distributed high current income monthly without the use of leverage, like issuing auction rate...
Alpine Global Premier Properties Fund Achieves Distributable Dividend Income Without Use of Leverage: Has Never Issued Auction Rate Securities
PURCHASE, N.Y., Feb. 15 PRNewswire-FirstCall — Alpine Global Premier Properties Fund (NYSE: AWP) operates without any auction rate securities or long-term leverage of any kind. The Fund has distributed high current income monthly without the use of leverage, like issuing auction rate...
New York Mortgage Trust Announces Private Placement of Common Stock
NEW YORK, Feb. 14 PRNewswire-FirstCall — New York Mortgage Trust, Inc. (OTC Bulletin Board: NMTR) ("NYMT" or the "Company") today announced that it has entered into a purchase agreement relating to the private placement of 15,000,000 shares of its common stock at a price of $4.00 per...
Southridge Capital Wins Sweeping Legal Victory Over Vyta Corp., Formerly Nanopierce Technologies, Inc.
RIDGEFIELD, Conn., Feb. 14 PRNewswire — Southridge Capital Management, LLC ("Southridge") has won a decisive legal victory against Vyta Corp., formerly known as Nanopierce Technologies Inc. (OTC: VYTC) ("Nanopierce"). On January 28, 2008, a U.S. District Court in New York granted...
AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 14 PRNewswire-FirstCall — AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of January 31, 2008. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1...
Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 14 PRNewswire-FirstCall — Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of January 31, 2008. Alliance New York Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) NYS Mtg Agy AMT...
Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 14 PRNewswire-FirstCall — Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of January 31, 2008. Alliance California Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Los Angeles...
AllianceBernstein Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 14 PRNewswire-FirstCall — AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of January 31, 2008. AllianceBernstein Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) US Treasury 11.25% (02/15/15) 7.87...
ACM Managed Dollar Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb 14 PRNewswire-FirstCall — ACM Managed Dollar Income Fund, Inc. (NYSE: ADF) (the "Fund") today released its monthly portfolio update as of January 31, 2008. ACM Managed Dollar Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Russia 7.50% (03/31/30) 4.79% 2...
AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 14 PRNewswire-FirstCall — AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of January 31, 2008. AllianceBernstein Global High Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Brazil 7.13...
American Capital Provides Details of $41 Million Net Realized Gains From Portfolio Companies in Fourth Quarter 2007
BETHESDA, Md., Feb. 14 PRNewswire-FirstCall — American Capital Strategies Ltd. (Nasdaq: ACAS) announced today information regarding $41 million of total net realized gains from the disposition of portfolio investments in the fourth quarter of 2007. The portfolio net realized gains...
Eaton Vance Corp. First Quarter Earnings Conference Call Notification
BOSTON, Feb. 14 PRNewswire-FirstCall — Eaton Vance Corp. (NYSE: EV) will host a conference call at 11:00 AM EST on Thursday, February 21, 2008 to discuss financial results for the quarter ended January 31, 2008. The call will follow a news release announcing first quarter earnings that...
Federated Investors, Inc. Adds New Member to Board of Trustees for Closed-End Municipal Funds
PITTSBURGH, Feb. 14 PRNewswire-FirstCall — Federated Investors, Inc. today announced that R. James Nicholson has been added to the Board of Trustees for Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) effective...
T. Rowe Price Group Declares Quarterly Dividend, Announces Adjustment to Dividend Payment Schedule
BALTIMORE, Feb. 14 PRNewswire-FirstCall — T. Rowe Price Group, Inc. (Nasdaq: TROW) announced today that its Board of Directors declared a quarterly dividend of $0.24 per share which will be paid on March 28, 2008 to stockholders of record as of the close of business on March 14, 2008...
UN Climate Meeting Promotes Risky Corporate Climate Schemes, Says Free Enterprise Action Fund (Ticker: FEAOX); Mutual Fund Warns That Corporate 'Climateering' Threatens Shareholder and State Retiree Pension Assets
WASHINGTON, Feb. 14 PRNewswire — Action Fund Management (AFM), advisor to the Free Enterprise Action Fund (Ticker: FEAOX), issued the following statement in response to The Investors Summit on Climate Risk at the United Nations: Shareholders and state pensioners should be concerned...
Payden Cash Reserves Fund Doubles in Assets in January as Investors Reassess Risk in Their Portfolios;
LOS ANGELES, Feb. 14 PRNewswire-FirstCall — Payden & Rygel today announced that its Cash Reserves Money Market Fund (Nasdaq: PBHXX) nearly doubled in assets under management in January 2008 as concerned investors sought shelter from the financial uncertainties shaking global...
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