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First Trust Dynamic Europe Equity Income Fund Issues Notice Regarding January 2020 Distribution

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The Board of Trustees of First Trust Dynamic Europe Equity Income Fund (the “Fund”) (NYSE: FDEU), CUSIP 33740D107, previously approved a managed distribution policy for the Fund (the “Managed Distribution Plan”) in reliance on exemptive relief received from the Securities and Exchange Commission which permits the Fund to make periodic distributions of long-term capital gains as frequently as monthly each tax year.

The Fund has declared a distribution payable on January 15, 2020, to shareholders of record as of January 3, 2020, with an ex-dividend date of January 2, 2020. This Notice is meant to provide you information about the sources of your Funds distributions. You should not draw any conclusions about the Fund’s investment performance from the amount of its distribution or from the terms of its Managed Distribution Plan.

The following tables set forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date for the Fund from the following sources: net investment income (“NII”); net realized short-term capital gains (“STCG”); net realized long-term capital gains (“LTCG”); and return of capital (“ROC”). These estimates are based upon information as of December 31, 2019, are calculated based on a generally accepted accounting principles (“GAAP”) basis and include the prior fiscal year-end undistributed net investment income. The amounts and sources of distributions are expressed per common share.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5 Yr. Avg.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Annualized Current

 

Annual Total

Fund

 

Fund

 

Fiscal

 

Total Current

 

Current Distribution ($)

 

Current Distribution (%)

 

Dist. Rate as a

 

Return

Ticker

 

Cusip

 

Year End

 

Distribution

 

NII

 

STCG

 

LTCG

 

ROC (2)

 

NII

 

STCG

 

LTCG

 

ROC(2)

 

% of NAV(3)

 

on NAV(4)

FDEU

 

33740D107

 

12/31/2020

 

$0.12100

 

$0.08193

 

 

 

$0.03907

 

67.71%

 

 

 

32.29%

 

8.97%

 

5.47%

                           

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cumulative

 

Cumulative Fiscal

Fund

 

Fund

 

Fiscal

 

Cumulative Fiscal YTD

 

Cumulative Distributions Fiscal YTD ($)

 

Cumulative Distributions Fiscal YTD (%)

 

Fiscal YTD Distributions as

 

YTD Total Return

Ticker

 

Cusip

 

Year End

 

Distributions(1)

 

NII

 

STCG

 

LTCG

 

ROC (2)

 

NII

 

STCG

 

LTCG

 

ROC(2)

 

a % of NAV(3)

 

on NAV(4)

FDEU

 

33740D107

 

12/31/2020

 

$0.12100

 

$0.08193

 

 

 

$0.03907

 

67.71%

 

 

 

32.29%

 

0.75%

 

22.24%

(1) Includes the most recent monthly distribution paid on January 15, 2020. (2) The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, 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.” (3) Based on Net Asset Value (“NAV”) as of December 31, 2019. (4) Total Returns are through December 31, 2019. The return included in the 5 Year Average Annual Total Return on NAV column is from the Fund’s first public offering, which was September 24, 2015.

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting 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. You should not use this Notice as a substitute for your Form 1099-DIV.

First Trust Advisors L.P. (“FTA”) is a federally registered investment advisor and serves as the Fund’s investment advisor. FTA and its affiliate First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $145 billion as of December 31, 2019 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.

Janus Capital Management LLC, a legal entity of Janus Henderson Investors, serves as the Fund’s investment sub-advisor. Janus Henderson Investors is headquartered in London and is a global investment management firm that provides a full spectrum of investment products and services to clients around the world. With offices in 28 cities with more than 2,000 employees, Janus Henderson Investors managed approximately $356.1 billion in assets as of September 30, 2019.

Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost. There can be no assurance that the Funds investment objectives will be achieved. The Fund may not be appropriate for all investors.

Principal Risk Factors: The Fund is subject to risks, including the fact that it is a non-diversified closed-end management investment company.

Because the Fund will invest primarily in securities of non-U.S. issuers, which are generally denominated in non-U.S. currencies, there are risks not typically associated with investing in securities of U.S. issuers. Non-U.S. issuers are subject to higher volatility than securities of U.S. issuers. An investor may lose money if the local currency of a non-U.S. market depreciates against the U.S. dollar.

Investments in securities of issuers located in emerging market countries are considered speculative and there is a heightened risk of investing in emerging markets securities.

On June 23, 2016, the United Kingdom voted via referendum to leave the EU (“Brexit”), which led to volatility in the financial markets of the United Kingdom and more broadly across Europe as well as weakening consumer, corporate and financial confidence in such markets. The deadline for which terms of exit may be negotiated between the United Kingdom and the EU has been extended to January 31, 2020 (subject to further extension). The longer term economic, legal, political and social framework in the United Kingdom is unclear at this stage and is likely to lead to ongoing political, economic and legal uncertainty and periods of exacerbated volatility in both the United Kingdom and in wider European markets for some time.

The Fund will engage in practices and strategies that will result in exposure to fluctuations in foreign exchange rates, thus subjecting it to foreign currency risk.

The Fund’s use of derivatives may result in losses greater than if they had not been used, may require the Fund to sell or purchase portfolio securities at inopportune times, may limit the amount of appreciation the Fund can realize on an investment, or may cause the Fund to hold a security that it might otherwise sell.

Use of leverage can result in additional risk and cost, and can magnify the effect of any losses.

In the event of conversion to an open-end management investment company, the Common Shares would cease to be listed on the NYSE or other national securities exchange, and such Common Shares would thereafter be redeemable at NAV at the option of the Common Shareholder, rather than traded in the secondary market at market price, which, for closed-end fund shares, may at times be at a premium to NAV. Any Borrowings or Preferred Shares of the Fund would need to be repaid or redeemed upon conversion and, accordingly, a portion of the Fund’s portfolio may need to be liquidated, potentially resulting in, among other things, lower current income.

The risks of investing in the Fund are spelled out in the shareholder reports and other regulatory filings.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.

Forward-Looking Statements

Certain statements made in this press release that are not historical facts are referred to as “forward‘looking statements” under the U.S. federal securities laws. Actual future results or occurrences may differ significantly from those anticipated in any forward‘looking statements due to numerous factors. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward‘looking statements, which generally are not historical in nature. Forward‘looking statements are subject to certain risks and uncertainties that could cause actual results to differ from those anticipated in any forward-looking statements. You should not place undue reliance on forward‘looking statements, which speak only as of the date they are made. The Fund undertakes no responsibility to update publicly or revise any forward‘looking statements.

Inquiries: Don Swade (630) 765-8661

News

Santa Claus Is Coming to Towns Everywhere – Virtually

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Pigeon Forge (Tennessee), one of the countrys most popular holiday vacation destinations, invites families to safely fulfill a cherished holiday tradition with free virtual Santa visits. Available Nov. 30 through Dec. 15, the video calls connect Santa from his North Pole home office to families in the comfort of their own homes, providing a contact-free-but-still-touching alternative to in-person visits this season.

Beginning Nov. 9 at 10 a.m. (Eastern), parents or guardians can register for a free video call with Santa at www.MyPigeonForge.com/Santa. Appointments are available Nov. 30 through Dec. 15, from 11 a.m. to 3 p.m. and 4 p.m. to 8 p.m. daily, excluding Sundays. Availability is on a first-come, first-served basis.

We understand the holiday season may look different for a lot of families this year, but making Christmastime memories is more important than ever, Pigeon Forge Executive Director of Tourism Leon Downey said. Were grateful that Santa and technology can work together to gift families with the magic of Christmas in a safe, contact-free way.

The magical portal also offers children a chance to correspond with Santa via a free personal letter from Santa. Children can share their Christmas wish list at www.MyPigeonForge.com/Santa to receive a personalized letter from Santa.

Each family who chats with Santa will receive an exclusive ornament to commemorate the special call from the North Pole.

For more information and to make a reservation to chat with Santa, visit www.MyPigeonForge.com/Santa.

Pigeon Forge is located in East Tennessee and home to Winterfest (Nov. 13-Feb. 22), an award-winning festival of more than five million holiday lights, Christmastime entertainment and more than 80 attractions.

About Pigeon Forge: More than 10 million people visit Pigeon Forge annually. The city is located approximately 35 miles from Knoxville and McGhee-Tyson Airport. Two-thirds of the nations population east of the Mississippi River lives within a days drive, making it an easily accessible family vacation destination. The citys neighbor is Great Smoky Mountains National Park, the most visited national park in the U.S. It also is home to Dolly Partons Dollywood theme park, Tennessees most visited commercial attraction. More information about all aspects of Pigeon Forge are available at MyPigeonForge.com.

Media contact:

Trish McGee at [email protected]

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News

Waylay Provides Missing IoT Link for Smart Building Automation

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IoT automation and analytics software company Waylay today announced its low-code automation platform for smart buildings, in response to increasing market demand for new intelligent building automation applications that rely on sensor data and data from building management systems.

According to ABI Research (*), the automated building market has traditionally focused on four conventional sectors: HVAC, lighting, access control and fire & life safety. Today, new emerging applications in space management, environmental monitoring, asset management and cleanliness & hygiene management are being offered. Together, these new solutions will grow at 32% CAGR over the next 8 years to create US$2 billion in software and services revenues by 2026.

Waylay delivers its IoT automation platform to manufacturers of building equipment, building management service providers and software companies to deploy these new intelligent building applications and realize a swift response to changing circumstances, legislation and customer needs.

Next-gen smart building applications

Waylays automation platform complements ongoing IoT initiatives and processes real-time sensor data, from both legacy systems as well as new sensors, to add a new layer of business intelligence to smart buildings. Waylays data analytics fuels new solutions for optimized facility management, preventive & predictive maintenance of HVAC systems, failure detection, occupant safety, asset and energy optimization, alarm response and optimized field service teams to streamline business processes and create new, high-margin revenue streams.

Automation platform kickstarts new smart building scenarios

The Waylay smart building automation platform no longer requires the typically complex mix of IT development skill sets to create, productize and maintain new use cases. The low-code development environment with drag & drop rules engine visual programming interface allows cross-organization collaboration. Data scientists can efficiently put their algorithms in production, while maintenance managers can develop and validate their own information, decision & control flows and tweak and maintain them as needed. None of this requires lengthy IT development cycles. The automation platform for smart buildings hosts a set of use-case rule templates that kickstart the creation of new scenarios and that can be adapted for every specific building, structure or environment. This results in a quick go-to-market of new smart building applications and minimal in-house resources and skills to maintain the solutions platform.

Waylay has consistently proven to offer the best in class IoT automation and analytics platform, said Piet Vandaele, CEO of Waylay. Our drag & drop low-code approach increases innovation velocity and data scientists or domain experts no longer have to wait for traditional R&D cycles to finish. This becomes critical when legislation changes or circumstances like COVID-19 require quick responses from smart building solution providers. The Waylay platform brings democratization of analytics to smart buildings and therefore higher ROI to IoT data in smart buildings.

Learn more about Waylay at www.waylay.io and learn more about Waylays smart building solutions on www.waylay.io/smart-buildings or schedule a demo with [email protected].

(*) ABI Research – Smart Buildings 2.0: Building Automation report

ABOUT WAYLAY

Waylay is a B2B cloud technology company that builds automation software for the Internet of Things. Waylay’s data orchestration platform is used by enterprises to develop automation applications using IoT, IT and cloud data in the most flexible way.

Find out more at www.waylay.io

PRESS

Elly Schietse

CMO, Waylay

Email: [email protected]

Telephone: +32 479 761825

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Southwestern Health Resources and Humana Announce Value-Based Agreement in North Texas

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Southwestern Health Resources (SWHR) “ the clinically integrated network for University of Texas Southwestern Medical Center (UT Southwestern), Texas Health Resources, and more than 5,000 physicians and other clinicians “ and Humana Inc. (NYSE: HUM), one of the nations leading health and well-being companies, are announcing a new, comprehensive agreement to better serve Humana Medicare Advantage HMO members in North Texas.

Effective January 1, 2021, the value-based care agreement builds upon an existing network contract that provides Humana HMO members access to approximately 30 hospitals and 350 points of care in 16 counties affiliated with UT Southwestern and Texas Health Resources.

The agreement with SWHR is in keeping with Humanas longstanding commitment to value-based care, which emphasizes:

  • More personal time with health professionals and personalized care that is tailored to each persons unique health situation;
  • Access to proactive health screenings and programs that are focused on preventing illness;
  • Improved care for people living with chronic conditions with a focus on avoiding health complications;
  • Leveraging technologies, such as data analytics, that connect physicians and help them work as a team to coordinate care around the patient; and
  • Reimbursement to physicians linked to the health outcomes of their patients rather than based solely on the quantity of services they provide (fee-for-service).

We are pleased to continue our longstanding relationship with Humana to provide quality care to the communities we both serve in North Texas, said Steven Abramson, Senior Vice President, Chief Market and Payer Relations Officer for SWHR. Both of our organizations are committed to best-practice, value-based solutions for patients, employers and caregivers.

We are grateful for this opportunity to align and deepen our relationship with Southwestern Health Resources through a long-term, value-based agreement for our Medicare Advantage HMO members in North Texas, said Bill White, Texas Regional Medicare President for Humana. We look forward to working with SWHR, which shares our strong commitment to providing quality care to improve health outcomes. This is a reflection of Humanas commitment to help our members achieve their best health.

Humana has an extensive and growing value-based care presence. As of June 30, 2020, Humana has more than 2.6 million individual Medicare Advantage and commercial members cared for by more than 66,000 primary care physicians in more than 1,000 value-based relationships across 43 states and Puerto Rico. Humanas total Medicare Advantage membership is approximately 4.5 million members, which includes members affiliated with providers in value-based and standard Medicare Advantage settings. For more information, visit humana.com/provider/support/vbc.

Terms of the agreement were not disclosed.

About Southwestern Health Resources

Southwestern Health Resources, which blends the strengths of University of Texas Southwestern Medical Center and Texas Health Resources, includes a clinically integrated network of 29 hospital locations and more than 5,000 providers, committed to being the national leader in population health. With more than 650 points of access to care, this provides for higher value and allows patients to access services across a full continuum of medical needs. The network serves people across 17 counties in North Texas. In total, Southwestern Health coordinates care for more than 700,000 patients, aligned with commercial health care plans and Medicare programs. SWHR operates the nations highest rated Next Generation Accountable Care Organization. For more information, please visit www.southwesternhealth.org.

About Humana

Humana Inc. is committed to helping our millions of medical and specialty members achieve their best health. Our successful history in care delivery and health plan administration is helping us create a new kind of integrated care with the power to improve health and well-being and lower costs. Our efforts are leading to a better quality of life for people with Medicare, families, individuals, military service personnel, and communities at large.

To accomplish that, we support physicians and other health care professionals as they work to deliver the right care in the right place for their patients, our members. Our range of clinical capabilities, resources and tools “ such as in-home care, behavioral health, pharmacy services, data analytics and wellness solutions “ combine to produce a simplified experience that makes health care easier to navigate and more effective.

More information regarding Humana is available to investors via the Investor Relations page of the companys web site at www.humana.com, including copies of:

  • Annual reports to stockholders
  • Securities and Exchange Commission filings
  • Most recent investor conference presentations
  • Quarterly earnings news releases and conference calls
  • Calendar of events
  • Corporate Governance information

More Information

Other providers are available in our network. The provider may also contract with other Plans.

Y0040_GHHKYQ5EN_C

Humana

Lisa Dimond

Corporate Communications Lead

832-330-4702

[email protected]

Southwestern Health Resources

Greg Harrison

VP, Marketing and Communications

570-772-0366

[email protected]

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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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