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Announcing VanEck Vectors ETFs’ November 2018 Distributions

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VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds.

The following dates apply to distribution declarations for the funds listed below:

Ex-Date

     

Record Date

     

Payable Date

December 3, 2018 December 4, 2018 December 7, 2018
 
Fund   Ticker  

Distribution Frequency

 

Distribution Amount per Share

VanEck Vectors AMT-Free Intermediate Municipal Index ETF   ITM   Monthly   $0.0914
VanEck Vectors AMT-Free Long Municipal Index ETF MLN Monthly $0.0494
VanEck Vectors AMT-Free Short Municipal Index ETF SMB Monthly $0.0224
VanEck Vectors Short High Yield Municipal Index ETF SHYD Monthly $0.0667
VanEck Vectors High-Yield Municipal Index ETF HYD Monthly $0.2141
VanEck Vectors Pre-Refunded Municipal Index ETF PRB Monthly $0.0314
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF EMLC Monthly $0.1761
VanEck Vectors Investment Grade Floating Rate ETF FLTR Monthly $0.0581
 
 
Fund   Ticker  

Distribution Frequency

 

Distribution Amount per Share

VanEck Vectors Emerging Markets Aggregate Bond ETF EMAG Monthly $0.0807
VanEck Vectors CEF Municipal Income ETF XMPT Monthly $0.0955
VanEck Vectors International High Yield Bond ETF IHY Monthly $0.0908
VanEck Vectors Fallen Angel High Yield Bond ETF ANGL Monthly $0.1506
VanEck Vectors Emerging Markets High Yield Bond ETF HYEM Monthly $0.1098
VanEck Vectors Preferred Securities Ex Financials ETF PFXF Monthly $0.0866
VanEck Vectors ChinaAMC China Bond ETF CBON Monthly $0.0526
VanEck Vectors Green Bond ETF GRNB Monthly $0.0288
 

The majority, and possibly all, of the dividend distributions will be paid out of net investment income earned by the Funds. A portion of these distributions may come from net short-term or long-term realized capital gains or return of capital.

The final tax treatment of these dividends will be reported to shareholders on their 1099-DIV form, which is mailed after the close of each calendar year. The amount of dividends paid by each ETF may vary from time to time. Past amounts of dividends are no guarantee of future dividend payment amounts.

IRS Circular 230 disclosure: VanEck does not provide legal, tax or accounting advice. Any statement contained in this communication concerning U.S. tax matters is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties imposed on the relevant taxpayer. Shareholders or potential shareholders of the VanEck Vectors ETFs should obtain their own independent tax advice based on their particular circumstances.

If you have any questions concerning this information or the VanEck Vectors ETFs in general, please call 800.826.2333 between 9:00 a.m. and 5:30 p.m., Monday through Friday.

About VanEck

VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firms drive to identify asset classes and trends “ including gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 “ that subsequently shaped the investment management industry.

Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of October 31, 2018, VanEck managed approximately $45.1 billion in assets, including mutual funds, ETFs, and institutional accounts. The firms capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEcks passive strategies.

Since our founding in 1955, putting our clients interests first, in all market environments, has been at the heart of the firms mission.

Please call 800.826.2333 or visit vaneck.com for the most recent month-end performance of VanEck Vectors ETFs. This information will be available no later than seven business days after the most recent month end.

The principal risks of investing in VanEck Vectors ETFs include sector, market, economic, political, foreign currency, world event, index tracking and non-diversification risks, as well as fluctuations in net asset value and the risks associated with investing in less developed capital markets. The assets of some Funds may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors. The Funds may loan their securities, which may subject them to additional credit and counterparty risk.

Fixed income investments are subject to interest rate risk, credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuers ability to make such payments will cause the price of that bond to decline. Bonds and bond funds will decrease in value as interest rates rise. In addition when interest rates fall income may decline. Please see the Prospectus and Summary Prospectus of each Fund for more complete information regarding its specific risks.

The net asset value (NAV) of an ETF is determined at the close of each business day, and represents the dollar value of one share of the ETF; it is calculated by taking the total assets of an ETF subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as an ETF’s intraday trading value. Investors should not expect to buy or sell shares at NAV. Total returns are based upon closing market price (price) of the ETF on the dates listed.

Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called creation units and otherwise can be bought and sold only through exchange trading. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market.

Investors may call 800.826.2333 or visit vaneck.com for a free prospectus and summary prospectus. Investing involves risk, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, and charges and expenses of VanEck Vectors ETFs carefully before investing. The prospectus and summary prospectus contains this and other information. Please read the prospectus and summary prospectus carefully before investing.

Van Eck Securities Corporation, Distributor, 666 Third Avenue, New York, NY 10017

Mike MacMillan / Chris Sullivan
MacMillan Communications
212-473-4442
[email protected]

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The AZEK® Company Announces Pricing of Public Offering of Class A Common Stock

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The AZEK Company Inc. (NYSE: AZEK) (“AZEK”) announced today the pricing of an underwritten public offering of 20,000,000 shares of its Class A common stock to be offered by certain of its selling stockholders, at a price to the public of $40.00 per share. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of Class A common stock at the public offering price, less underwriting discounts and commissions. AZEK will not receive any proceeds from the sale of the shares of Class A common stock. The offering is expected to close on January 26, 2021, subject to customary closing conditions.

Barclays, BofA Securities, Goldman Sachs & Co. LLC and Jefferies are acting as joint lead book-running managers for the offering. Citigroup, Credit Suisse, Deutsche Bank Securities and RBC Capital Markets are acting as joint book-running managers, and B. Riley Securities, Baird, Stephens Inc., Stifel, Truist Securities and William Blair are acting as co-managers for the offering.

A registration statement relating to the offering was declared effective by the Securities and Exchange Commission on January 21, 2021. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained, when available, from:

  • Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at (888) 603-5847 or by email at [email protected];
  • BofA Securities, NC1-004-03-43; 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department or by email at [email protected];
  • Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, by facsimile at (212) 902-9316 or by email at [email protected]; or
  • Jefferies, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388 or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About The AZEK Company

The AZEK Company Inc. is an industry-leading manufacturer of beautiful, low-maintenance residential and commercial building products, committed to innovation, sustainability and research & development. Headquartered in Chicago, Illinois, the company operates manufacturing facilities in Ohio, Pennsylvania and Minnesota.

Forward Looking Statements

This press release includes forward looking statements within the meaning of the federal securities laws. These forward-looking statements, including with respect to the public offering, represent AZEKs expectations or beliefs concerning future events, and it is possible that the results or events described in this press release will not be achieved. Forward-looking statements involve known and unknown risks, uncertainties and assumptions. AZEK does not undertake any obligation, to update or revise any forward-looking statement made in this press release to reflect changes since the date of this press release, except as required by law.

Source: The AZEK Company Inc.

Investor Relations:

Solebury Trout

312-809-1093

[email protected]

Media:

Lisa Wolford

917-846-0881

[email protected]

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ROSEN, A TOP RANKED LAW FIRM, Files First Federal Securities Class Action Lawsuit Against 9F Inc. – JFU

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NEW YORK, Jan. 21, 2021 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of 9F Inc. (NASDAQ: JFU): (i) pursuant and/or traceable to the registration statement and related prospectus issued in connection with 9F's August 14, 2019 initial public offering (the “IPO” or “Offering”); and/or (ii) between August 14, 2019 and September 29, 2020, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for 9F investors under the federal securities laws.

To join the 9F class action, go to http://www.rosenlegal.com/cases-register-2007.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

According to the lawsuit, the materials supporting the Offering, and defendants throughout the Class Period, made false and/or misleading statements and/or failed to disclose that: (1) the purported value and benefits of the Company's financial institution partners and its tri-party cooperation business model did not in fact exist and/or were materially overstated, given that 9F and Property and Casualty Company Limited (“PICC”) had been engaged in an ongoing contractual dispute regarding payment of service fees under the Cooperation Agreement; (2) the collectability of service fees owed to 9F by PICC under the Cooperation Agreement was in doubt and at serious risk of non-payment; (3) there was a significant risk that PICC would no longer provide credit insurance and guarantee protection to investors and institutional funding partners; (4) as a result of the foregoing, the Company's platform, business model, reputation and financial results had been materially impaired; and (5) as a result, defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 22, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-2007.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY  10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      [email protected]
      [email protected]
      www.rosenlegal.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/rosen-a-top-ranked-law-firm-files-first-federal-securities-class-action-lawsuit-against-9f-inc–jfu-301212924.html

SOURCE The Rosen Law Firm, P.A.

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Calamos Investments Announces Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD) to Raise Monthly Distribution Payable in February 2021

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NAPERVILLE, Ill., Jan. 21, 2021 /PRNewswire/ — Calamos Investments®* announced today the raising of the monthly distribution rate of Calamos Dynamic Convertible and Income Fund (Nasdaq: CCD) from 16.70 cents per share to 19.50 cents per share payable on February 19, 2021. Representing an approximate 17% increase from the prior distribution, the new distribution rate reflects on an annualized basis a current distribution rate of 7.87% based upon the Fund's market price of $29.75 per share on January 20, 2021.

CCD Dividend Details

Monthly Dividend Declaration

Distribution

Payable
date

Record
date

Ex-dividend
date

January 21, 2021

$0.1950

02/19/21

02/12/21

02/11/21

Actively managed, CCD is a U.S. total return offering that invests in convertibles and other below-investment-grade (high yield) fixed income securities with the aim of generating total return through a combination of capital appreciation and current income. Key factors relating to the Fund's success and its ability to raise its dividend at this time include:

  • Active management fostered the Fund's ability to offer our shareholders exceptional returns in the convertible and fixed income markets in 2020
  • Strong absolute and relative return profile enhanced by our risk managed approach
  • Very attractive leverage costs continue to be accretive to our shareholders via a positive reinvestment rate of return
  • Active portfolio positioning seeking to optimize attractive investment opportunities in convertible bond and equity markets in 2021

The Fund is one of five Calamos closed-end funds that announced a dividend increase payable in February 2021. Reflecting on the strength of the Fund's distributions, John P. Calamos, Sr., Founder, Chairman and Global Chief Investment Officer, stated, “We are pleased these funds are well positioned to raise their monthly dividends following our effective active management, resulting in strong portfolio performance in 2020, as well as our market positioning to optimize opportunities we see for our shareholders in 2021. In addition, we continue to employ a prudent use of leverage which has a comparably low cost and which we believe is also accretive to our shareholders. As demonstrated by the attractive dividends across our closed-end fund lineup totaling nearly $9 billion in assets under management as of 12/31/20, we remain committed to our closed-end fund shareholders to provide both attractive and sustainable distributions so that they may better participate in the portfolio's returns.”

Additional information regarding the estimated amount of the sources of the Fund's monthly distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended (“1940 Act”), and the related rules adopted thereunder, will be provided in a separate release closer to the Fund's payable date.

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 plan. If the Fund estimates that it has distributed more than its income and capital gains, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099 DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

An innovator in dynamically allocated closed end funds since 2002, Calamos Investments currently manages nearly  $9 billion as of 12/31/20 in seven closed end funds. Additional information about the funds can be found on www.calamos.com.

Important Notes about Performance and Risk
Past performance is no guarantee of future results. As with other investments, market price will fluctuate with the market and upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Returns at NAV reflect the deduction of the Fund's management fee, debt leverage costs and other expenses. You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Shares of closed-end funds frequently trade at a discount which is a market price that is below their net asset value.

About Calamos
Calamos Investments is a diversified global investment firm offering innovative investment strategies including alternatives, multi-asset, convertible, fixed income, and equity. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in New York, San Francisco, Milwaukee and the Miami area. For more information, please visit www.calamos.com.

*Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos Financial Services LLC.

Cision View original content:http://www.prnewswire.com/news-releases/calamos-investments-announces-calamos-dynamic-convertible-and-income-fund-nasdaq-ccd-to-raise-monthly-distribution-payable-in-february-2021-301212966.html

SOURCE Calamos Investments

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

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