Mutual Funds Newswire
Cayman Islands Sets Milestone with 10,000 Registered Funds
GEORGE TOWN, Grand Cayman, July 28 PRNewswire — Recent second quarter figures from the Cayman Islands Monetary Authority (CIMA), have confirmed the achievement of a key milestone by the Cayman Islands financial services industry, with more than 10,000 investment funds currently...
The Bank of New York Mellon's Pershing Unit Adds Four Industry-Leading Fund Companies to Nexus Funds
LONDON, July 28 PRNewswire-FirstCall — Pershing Limited, an affiliate of Pershing LLC and a subsidiary of The Bank of New York Mellon Corporation, announced today that it has added mutual funds from BlackRock, HSBC Global Asset Management (UK) Limited, Rathbone Unit Trust Limited and...
SEI Expands Offering for Institutional Investors with Introduction of World-Screened Funds
OAKS, Pa., July 28 PRNewswire-FirstCall — SEI (Nasdaq: SEIC) today announced a broadening of its institutional investment solutions with the launch of the SEI Screened World Equity Ex-U.S. Fund. The new fund addresses the increased desire of institutional investors, specifically...
/C O R R E C T I O N -- American Capital, Ltd./
In the news release, American Capital Invests in Affordable Care for Add-On Acquisition, issued today by American Capital, Ltd. over PR Newswire, we are advised by the company that the third paragraph, second sentence, should read "American Capital has invested directly and through its global...
American Stock Exchange Lists Morgan Stanley's Protected Absolute Return Barrier Notes Based on the S&P 500 Index
NEW YORK, July 25 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 4,102,165 units, this equity trades under the ticker...
MFC Global Investment Management Names Brian Torrisi to Head U.S. Consultant Relations
BOSTON, July 25 PRNewswire-FirstCall — MFC Global Investment Management(R) (MFC GIM) has named Brian Torrisi, CAIA, Managing Director and Head of U.S. Consultant Relations. The appointment of Mr. Torrisi, who reports to Frank Saeli, Senior Managing Director and Head of U.S. Sales and...
Legg Mason Reports Results for First Quarter of Fiscal Year 2009
BALTIMORE, July 25 PRNewswire-FirstCall — Legg Mason, Inc. (NYSE: LM) today reported its operating results for the first quarter of fiscal year 2009, which ended June 30, 2008. For the quarter, revenues were $1.05 billion, down 13% from $1.21 billion in the first quarter of fiscal...
CNA Surety Corporation to Release 2nd Quarter Earnings and Host Conference Call on July 25, 2008
CHICAGO, July 11 PRNewswire-FirstCall — CNA Surety Corporation (NYSE: SUR) ("CNA Surety") will release its second quarter earnings on Friday, July 25, 2008. The news release will be available on CNA Surety's website at http://www.cnasurety.com. A conference call for investors and...
AGNC Will Report Q2 2008 Results on July 29
BETHESDA, Md., July 24 PRNewswire-FirstCall — American Capital Agency Corp. ("AGNC" or the "Company") (Nasdaq: AGNC) announced today it will report second quarter 2008 earnings on Tuesday, July 29, 2008. AGNC invites shareholders, prospective shareholders and analysts to attend the...
Wachovia Announces Tom Wurtz Stepping Down as CFO; Company To Conduct Immediate Search for Replacement
CHARLOTTE, N.C., July 24 PRNewswire-FirstCall — Wachovia announced today that Thomas J. Wurtz plans to leave Wachovia as Chief Financial Officer (CFO) after a successor is named to the role. The company will begin an immediate search for a replacement. "I want to personally thank Tom...
Federated Investors, Inc. Announces Second Quarter 2008 Earnings
PITTSBURGH, July 24 PRNewswire-FirstCall — Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today reported earnings per diluted share (EPS) of $0.58 for the quarter ended June 30, 2008. These results include net earnings of $2.8 million or $0.03...
NYFIX Schedules Second Quarter 2008 Conference Call
NEW YORK, July 24 PRNewswire-FirstCall — NYFIX, Inc. (Nasdaq: NYFX) ("NYFIX"), a trusted provider of innovative solutions that optimize trading efficiency, will release second quarter 2008 financial results on Monday, August 11, 2008 after the U.S. market close. NYFIX will also host a...
Heritage Bankshares, Inc. Announces Second Quarter and Six Months 2008 Earnings and Declares Dividend
NORFOLK, Va., July 24 PRNewswire-FirstCall — Heritage Bankshares, Inc. ("Heritage"; the "Company") (OTC Bulletin Board: HBKS), the parent of Heritage Bank (the "Bank"), today announced unaudited financial results for the second quarter and first six months of 2008. Net income, after...
Orrstown Financial Services, Inc. Announces Second Quarter Earnings Up 11.9% and Third Quarter Dividend
SHIPPENSBURG, Pa., July 24 PRNewswire-FirstCall — Orrstown Financial Services, Inc. (OTC Bulletin Board: ORRF) is pleased to announce the net operating results for the second quarter and the six months ended June 30, 2008. Second quarter 2008 earnings of $3,603,000 grew by $383,000 over...
Shareholder Class Action Filed by the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP on Behalf of Purchasers of the SSgA Yield Plus Fund
RADNOR, Pa., July 23 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 District of Massachusetts on behalf of...
Northwestern Mutual Board Elects Facundo Bacardi as New Trustee
MILWAUKEE, July 23 PRNewswire — The board of trustees of Northwestern Mutual has elected Facundo L. Bacardi to serve on the company's board. Bacardi is Chairman of the Board of Bacardi Limited, the third-largest global distilled spirits company in the world. He has served as Chairman...
Tariq Khan Appointed Senior Vice President, Head of Market Development for ING U.S. Wealth Management
WINDSOR, Conn., July 23 PRNewswire-FirstCall — ING announced today that it has hired Tariq Khan as senior vice president to head market development and multicultural initiatives for its U.S. Wealth Management Wholesale Distribution division. In that role, Khan will develop and...
FBR Capital Markets Reports Second Quarter Results
ARLINGTON, Va., July 23 PRNewswire-FirstCall — FBR Capital Markets Corporation (Nasdaq: FBCM) (FBR Capital Markets) today reported a net after-tax loss of $25.2 million, or $0.39 per share (diluted), for the quarter ended June 30, 2008 compared to net after-tax earnings of $21.8...
SEI Reports Second-Quarter 2008 Results
OAKS, Pa., July 23 PRNewswire-FirstCall — SEI Investments Company (Nasdaq: SEIC) today announced financial results for second-quarter 2008, reporting decreases in revenues, net income and earnings per share compared to second-quarter 2007. Net income during the second-quarter was...
Britton & Koontz Capital Reports Increased Earnings for the Second Quarter 2008
NATCHEZ, Miss., July 22 PRNewswire-FirstCall — The Board of Directors of Britton & Koontz Capital Corporation (Nasdaq: BKBK) ("B&K Capital" or "the Company") today reported net income and earnings per share for the three and six month period ended June 30, 2008. Net income for...
Next Generation of 401(k)s Shows Automatic Enrollment and Step-Up Provisions Doubling Among Employers: Deloitte Survey
NEW YORK, July 22 PRNewswire — Employers are taking decisive actions to make 401(k) plan participation as easy as possible for employees, according to the 2008 401(k) Benchmarking Survey, conducted by Deloitte, the International Foundation of Employee Benefit Plans and the International...
National City Announces Children's Champion Award To Honor Excellence in Children's Programming and Services
CHICAGO, July 21 PRNewswire-FirstCall — National City today announced that it is accepting submissions for its fifth-annual National City Children's Champion Award — a program that honors organizations that contribute in an exemplary way to children being healthy, happy, safe...
DFCU Financial and CapCom Credit Union to Merge
DEARBORN, Mich., July 21 PRNewswire — DFCU Financial Federal Credit Union headquartered in Dearborn, Michigan, and CapCom Credit Union, headquartered in Lansing, Michigan, today filed an application with the Office of Financial & Insurance Regulation (OFIR) and the National Credit...
New York Life Retirement Plan Services Bundles Pension Plan Services for Unions
WESTWOOD, Mass., July 21 PRNewswire — New York Life Retirement Plan Services (New York Life), a division of New York Life Investment Management LLC, announced the introduction of a fully integrated, bundled solution for union pension plans. Taft-Hartley DB Complete(R) is designed to...
John Hancock Variable Annuities Launches 'Advisor of Choice'
BOSTON, July 21 PRNewswire-FirstCall — John Hancock Variable Annuities today announced a major program designed to support advisors' efforts to expand their business with simple new tools to develop guaranteed retirement income plans for their clients. The "Advisor of Choice" program...
Sadis & Goldberg LLP Welcomes Partner to Its San Francisco Office
NEW YORK, July 21 PRNewswire — Sadis & Goldberg LLP is proud to announce the addition of David A. Riley to its San Francisco office as a Partner in the Corporate and Financial Services Group. He will concentrate his practice in the formation of and ongoing servicing to private...
Evergreen Closed End Funds Declare Monthly Dividends
BOSTON, July 18 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...
Patriot Premium Dividend Fund II (NYSE: PDT) Announces Results of Tender Determination
BOSTON, July 18 PRNewswire — John Hancock Patriot Premium Dividend Fund II (NYSE: PDT) (the "Fund"), announced today the results of the tender determination for the period ended June 27, 2008. The Fund's Board of Trustees had previously authorized a semi-annual series tender offer...
Legg Mason Capital Management to Support Yahoo! Directors at Yahoo! 2008 Annual Meeting
BALTIMORE, July 18 PRNewswire-FirstCall — Bill Miller, Chairman and Chief Investment Officer of Legg Mason Capital Management (NYSE: LM), has released the following statement: "Legg Mason Capital Management, on behalf of its clients, is the beneficial owner of approximately 60.7 million...
John Hancock Preferred Income Fund Reports Third Quarter Earnings
BOSTON, July 17 PRNewswire-FirstCall — John Hancock Preferred Income Fund (NYSE: HPI), a closed-end fund managed by John Hancock Advisers, LLC, reported today that net investment income was $15,438,543 for the third quarter ended April 30, 2008. For the comparable period in 2007, net...
John Hancock Preferred Income Fund II Reports Third Quarter Earnings
BOSTON, July 17 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 $13,089,693 for the third quarter ended April 30, 2008. For the comparable period in 2007...
John Hancock Patriot Premium Dividend Fund II Reports Second Quarter Earnings
BOSTON, July 17 PRNewswire-FirstCall — John Hancock Patriot Premium Dividend Fund II (NYSE: PDT), a closed-end fund managed by John Hancock Advisers, LLC, reported today that net investment income was $12,589,962 for the second quarter ended April 30, 2008. For the comparable period in...
IS Governance Institute Announces Seminars on Operational Risks, Metrics and Ratings on Information Security Governance; Fiduciary Breaches Violate Federal Deposit Insurance
NASHVILLE, Tenn., July 17 PRNewswire — The IS Governance Institute and SourceMedia, publisher of the American Banker and Credit Union Journal, announce a series of seminars and research reports on operational risks and operational loss events on information security, ignored by...
Cohen & Steers Funds Quarterly Data Now Available
NEW YORK, July 16 PRNewswire-FirstCall — Cohen & Steers, Inc. (NYSE: CNS) announced today that June 30, 2008 quarterly data for its open-end and closed-end funds, including portfolio holdings, is now available on the firm's Web site, www.cohenandsteers.com. Quarterly data will be...
Federal Age Bias Suit Filed Against Merrill Lynch
CLEVELAND, July 16 PRNewswire-USNewswire — One of America's top stockbrokers has filed a federal lawsuit against Merrill Lynch. 65-year old Lou Telerico, of Aurora, Ohio, the former top money maker for Merrill Lynch in Cleveland claims his former employer fired him after he refused to...
Cohen & Steers, Inc. to Report Second Quarter 2008 Results on July 23, 2008; Announces June 30, 2008 Assets Under Management
NEW YORK, July 16 PRNewswire-FirstCall — Cohen & Steers, Inc. (NYSE: CNS) announced that it expects to release second quarter 2008 financial results at 4:30 p.m. (EDT) on Wednesday, July 23, 2008. The press release will be available at www.cohenandsteers.com under "Corporate...
Legg Mason Hosting Conference Call to Discuss Fiscal First Quarter Operating Results
BALTIMORE, July 16 PRNewswire-FirstCall — Legg Mason, Inc. (NYSE: LM) will announce operating results for its fiscal 2009 first quarter ended June 30, 2008 on Friday, July 25, 2008 in a press release that will be issued at approximately 8:00 a.m., E.D.T. The press release will also...
Capital Trust Finalizes $540 Million Fund
NEW YORK, July 16 PRNewswire-FirstCall — Capital Trust, Inc. (NYSE: CT) today announced the final closing of CT Opportunity Partners I, LP, a private fund with total equity commitments of $540 million. Capital Trust has committed to invest $25 million, with the remaining equity...
Month-End Portfolio Data Now Available for Federated Investors' Closed-End Municipal Funds
PITTSBURGH, July 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 June 30, 2008 are...
se2 Brings 403(b)connect to the Marketplace; Offers Complete Solution to 403(b) Regulations Compliance
TOPEKA, Kan., July 15 PRNewswire — With the Jan. 1, 2009, deadline for implementation of new IRS regulations for 403(b) plans looming, a number of product providers are choosing to exit the market due to the cost and complexity associated with compliance. Now, se2 (service.end2end), a...
ING Global Equity Dividend and Premium Opportunity Fund and ING International High Dividend Equity Income Fund Declare Monthly Distributions
SCOTTSDALE, Ariz., July 15 PRNewswire — ING Investments, LLC announced the monthly distributions on the common shares of two of its closed-end funds: ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) and ING International High Dividend Equity Income Fund (NYSE: IID...
Federated Investors, Inc. Announces Strategic Acquisition Involving the Prudent Bear Funds and the Hire of Key Investment Professionals
PITTSBURGH, July 15 PRNewswire-FirstCall — Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today announced that it reached a definitive agreement to acquire certain assets of David W. Tice & Associates LLC that relate to the management of...
JonesTrading Capital Markets Group Completes Over $500 Million in Securities Transactions for Private Equity Firms
LOS ANGELES, July 15 PRNewswire — In October 2007, JonesTrading Institutional Services LLC launched a Capital Markets Group, which focuses on providing agency trading services to private equity and venture capital firms. Since that time, the Group has completed over $500 million worth...
The Taiwan Fund, Inc. Announces 3rd Quarter Earnings
NEW YORK, July 14 PRNewswire-FirstCall — The Taiwan Fund, Inc. (NYSE: TWN) announced today details regarding its investment performance for the three-month period ended May 31, 2008. The Fund reported a net asset value per share of $19.40 as of the close of business on May 31, 2008...
Aberdeen Asia-Pacific Income Fund, Inc. Announces Record Date and Payment Date for Monthly Distribution
PHILADELPHIA, July 14 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 August 15, 2008 to all shareholders of record as of July 31, 2008...
Calamos Asset Management, Inc. Announces Assets Under Management as of June 30, 2008
NAPERVILLE, Ill., July 14 PRNewswire-FirstCall — Calamos Asset Management, Inc. (Nasdaq: CLMS) today reported assets under management of $41.2 billion as of June 30, 2008, compared with $44.6 billion one month and $43.8 billion one year ago. At Month End (in billions) June 2008 May 2008...
Aberdeen Australia Equity Fund, Inc. Announces Payment of Quarterly Distribution
PHILADELPHIA, July 11 PRNewswire-FirstCall — Aberdeen Australia Equity Fund, Inc. (Amex: IAF) (the "Fund"), a closed-end equity fund, today announced that it paid on July 11, 2008, a quarterly distribution of US $0.41 per share to all shareholders of record as of June 30, 2008. For the...
Aberdeen Global Income Fund, Inc. Announces Payment of Monthly Distribution
PHILADELPHIA, July 11 PRNewswire-FirstCall — Aberdeen Global Income Fund, Inc. (Amex: FCO) (the "Fund"), a closed-end bond fund, today announced that it paid on July 11, 2008, a monthly distribution of US 7.0 cents per share to all shareholders of record as of June 30, 2008. For the 12...
Liquidnet Founder and CEO Seth Merrin Wins Ernst & Young's Entrepreneur of the Year Metro New York Award for Financial Services
NEW YORK, July 11 PRNewswire — Liquidnet today announced that its founder and CEO, Seth Merrin, won the Ernst & Young Entrepreneur of the Year Metro New York award in the category of financial services. The award, which recognizes "entrepreneurial leaders and visionaries" who...
Aberdeen Asia-Pacific Income Fund, Inc. Announces Payment of Monthly Distribution
PHILADELPHIA, July 11 PRNewswire-FirstCall — Aberdeen Asia-Pacific Income Fund, Inc. (Amex: FAX) (the "Fund"), a closed-end bond fund, today announced that it paid on July 11, 2008, a monthly distribution of US 3.5 cents per share to all shareholders of record as of June 30, 2008...
CNA Surety Corporation to Release 2nd Quarter Earnings and Host Conference Call on July 25, 2008
CHICAGO, July 11 PRNewswire-FirstCall — CNA Surety Corporation (NYSE: SUR) ("CNA Surety") will release its second quarter earnings on Friday, July 25, 2008. The news release will be available on CNA Surety's website at http://www.cnasurety.com. A conference call for investors and...
Delaware Investments Appoints Co-Managers to Closed-End Fund
PHILADELPHIA, July 10 PRNewswire — Delaware Investments announced today that Edward A. "Ned" Gray, CFA and Todd A. Bassion, CFA have been named as additional co-managers of Delaware Enhanced Global Dividend and Income Fund. Mr. Gray is a vice president and senior portfolio manager. He...
SEI Launches Suite of Target-Date Portfolios for Defined Contribution Plans
OAKS, Pa., July 10 PRNewswire-FirstCall — SEI (Nasdaq: SEIC) today announced the launch of a suite of target-date portfolios for defined contribution (DC) plan sponsors. The company uses collective investment trust vehicles to offer portfolio options targeting retirement dates in...
The Adams Express Company Declares Dividend and Reports Performance for the First Half of 2008
BALTIMORE, July 10 PRNewswire-FirstCall — The Board of Directors of The Adams Express Company (NYSE: ADX) today declared a dividend of $.05 per share, payable September 1, 2008, to stockholders of record on August 12, 2008, and announced the Fund's performance for the first half of...
Petroleum & Resources Corporation Declares Dividend and Reports Strong Performance for the First Half of 2008
BALTIMORE, July 10 PRNewswire-FirstCall — The Board of Directors of Petroleum & Resources Corporation today declared a dividend of $0.13 per share, payable September 1, 2008, to stockholders of record on August 12, 2008, and announced the Fund's outstanding performance for the first...
Industry Veteran Daniel W. Blood Joins FBR Capital Markets
ARLINGTON, Va., July 10 PRNewswire-FirstCall — FBR Capital Markets Corporation (Nasdaq: FBCM) (FBR Capital Markets), a leading investment bank serving the middle market, announced today that Daniel W. Blood has joined the firm as Senior Managing Director and Head of Debt Capital...
Wachovia Names Robert K. Steel CEO and President
CHARLOTTE, N.C., July 9 PRNewswire-FirstCall — Wachovia's Board of Directors announced today that it has appointed Robert K. Steel, 56, who most recently served as Under Secretary for Domestic Finance for the U.S. Department of Treasury, as the company's new Chief Executive Officer...
FBR Capital Markets to Report Second Quarter 2008 Results
ARLINGTON, Va., July 9 PRNewswire-FirstCall — FBR Capital Markets Corporation (Nasdaq: FBCM) (FBR Capital Markets), a leading investment bank serving the middle market, announced today that the company will release results for the second quarter of 2008 before the market opens on...
First National Continues Stock Repurchase Program
SPARTANBURG, S.C., July 9 PRNewswire-FirstCall — First National Bancshares, Inc. (Nasdaq: FNSC), parent company of First National Bank of the South, today announced the results of its current stock repurchase program. As of June 30, 2008, First National has repurchased 92,981 shares...
John Hancock Advisers Releases Portfolio Information for Closed-End Funds
BOSTON, July 9 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 June 30, 2008. This information is available on John Hancock Funds' web...
Taiyo Fund Takes Significant Stake in Disco (6146) to Over 5%
TOKYO, July 9 PRNewswire — The Taiyo Fund announced today that it has accumulated a position in excess of 5% in Disco Corp (6146) to become its fifth largest shareholder. The Taiyo Fund is known for its cooperative investment style working with senior management to enhance...
Payden & Rygel Operates in the 'Sweet Spot' of the High Yield Market
LOS ANGELES, July 8 PRNewswire — The Payden High Income Fund (PYHRX) has earned a 4-star rating from Morningstar for overall performance for the period ended June 30, 2008(i). The fund invests in global growth companies whose high yield bonds yield a premium to US Treasury bonds. The...
Third Millennium Russia Fund Ranked #2 for Second Quarter
NEW YORK, July 8 PRNewswire-FirstCall — Third Millennium Russia Fund (OTC Bulletin Board: TMRFX) today announced that the fund was selected, for the quarter ending June 30, 2008, as the #2 Emerging Markets Fund in the U.S., and rank #29 overall fund for the Five Year Period then...
Lincoln Employer Markets Launches 401(k) Managed Accounts Option From Morningstar Associates
CHICAGO, July 8 PRNewswire-FirstCall — Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, and Lincoln National Corporation (NYSE: LNC) today announced that Lincoln Employer Markets, a division of Lincoln Financial Group, has launched...
American Stock Exchange Lists AB Svensk Ekportkredit's (Swedish Export Credit Corporation) Accelerated Return Notes Linked to the Technology Select Sector Index
NEW YORK, July 7 PRNewswire — The American Stock Exchange(R) (Amex(R)) opened trading on AB Svensk Ekportkredit's (Swedish Export Credit Corporation) Accelerated Return Notes Linked to the Technology Select Sector Index. Priced at $10.00 per unit with an initial offer size of...
American Stock Exchange Lists Merrill Lynch's STARS Linked to the Dow Jones Industrial Average
NEW YORK, July 7 PRNewswire — The American Stock Exchange(R) (Amex(R)) opened trading on Merrill Lynch's STARS Linked to the Dow Jones Industrial Average. Priced at $10.00 per unit with an initial offer size of 6,700,000 units, this equity trades under the ticker symbol DEV and has a...
Lincoln Financial Taps Collins for Tennessee Expansion
PHILADELPHIA, July 7 PRNewswire — Lincoln Financial Advisors announced today that Brett Collins, who serves as Managing Principal of the Carolina Regional Planning Office, has been given the additional responsibility of developing the firm's offices in and around Nashville. "As we've...
John Hancock Freedom 529 Enhances Marketing Tools to Support Financial Consultants' Marketing Efforts
BOSTON, July 7 PRNewswire-FirstCall — John Hancock Freedom 529 updated two of its most popular marketing tools to help financial consultants (FCs) in their efforts to build their businesses. The firm's entire seminar kit has been enhanced and gathered on one CD to make it easy for FCs...
TradeKing(TM) Announces New 'All-Star' Lineup; Welcomes Heavy-Hitting Investment Professionals to its Award-Winning Online Community
BOCA RATON, Fla., July 7 PRNewswire — Online discount broker TradeKing (www.tradeking.com) today announced the latest additions to its All-Star roster of trading professionals providing commentary on individual investors' online trading as part of the TradeKing Community. Beginning...
SENOMYX ANNOUNCES EXTENSION OF DISCOVERY AND DEVELOPMENT COLLABORATION WITH CADBURY PLC
SAN DIEGO, CA, July 7, 2008 PRNewswire-FirstCall — Senomyx, Inc. (Nasdaq: SNMX), a leading company focused on using proprietary technologies to discover and develop novel flavor ingredients for the food, beverage and ingredient supply industries, announced today a one-year extension...
MarketAxess Announces Monthly Volume Statistics for June 2008
NEW YORK, July 7 PRNewswire-FirstCall — MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other types of fixed-income securities, today announced total monthly...
Bronstein, Gewirtz & Grossman, LLC Announces That a Class Action has Been Filed Against Fidelity Ultra-Short Bond Fund
NEW YORK, July 3 PRNewswire — Bronstein, Gewirtz & Grossman, LLC announces that a class action lawsuit has been filed in the United States District Court for the District of Massachusetts on behalf of purchasers of the Fidelity Ultra-Short Bond Fund (the "Fund") (Nasdaq: FUSFX...
Delaware Investments Dividend and Income Fund, Inc. Announces Final Results of Tender Offer
PHILADELPHIA, July 3 PRNewswire-FirstCall — Delaware Investments Dividend and Income Fund, Inc. (NYSE: DDF) (the "Fund"), a closed-end management investment company, today announced the final results of its tender offer for up to 522,939 shares of its common stock representing up to 5...
Delaware Investments Global Dividend and Income Fund, Inc. Announces Final Results of Tender Offer
PHILADELPHIA, July 3 PRNewswire-FirstCall — Delaware Investments Global Dividend and Income Fund, Inc. (NYSE: DGF) (the "Fund"), a closed-end management investment company, today announced the final results of its tender offer for up to 273,187 shares of its common stock representing up...
Alpine Global Premier Properties Fund Announces Its Next Three Monthly Dividend Payments at the Current $0.1267 Per Share
WESTCHESTER, N.Y., July 3 PRNewswire-FirstCall — The Board of Trustees of the Alpine Global Premier Properties Fund (NYSE: AWP) today announced the next three monthly dividend payments at the current $0.1267 per share for July, August and September. The Fund is lead-managed by Samuel...
Alpine Total Dynamic Dividend Fund Announces Its Next Three Monthly Dividend Payments at the Current $0.18 Per Share
WESTCHESTER, N.Y., July 3 PRNewswire-FirstCall — The Board of Trustees of the Alpine Total Dynamic Dividend Fund (NYSE: AOD) today announced the next three monthly dividend payments at the current $0.18 per share for July, August and September. The Fund is designed to provide high...
Alpine Global Dynamic Dividend Fund Declares Its Next Three Monthly Dividend Payments at the Current $0.17 Per Share
WESTCHESTER, N.Y., July 3 PRNewswire-FirstCall — The Board of Trustees of the Alpine Global Dynamic Dividend Fund (NYSE: AGD) today announced the next three monthly dividend payments at the current $0.17 per share for July, August and September. The following dates apply to today's...
Millennium India Acquisition Company Announces Results of SMC Group for Year- Ended March 31, 2008
NEW YORK, July 3 PRNewswire-FirstCall — Millennium India Acquisition Company, Inc. ("MIAC") (Nasdaq: SMCG) today announced US GAAP results for the year ended March 31, 2008 for SMC Group of Companies ("SMC Group"). For the fiscal year ended March 31, 2008, SMC Group announced total...
CSI Reports Record Results for First Quarter Fiscal 2009
PADUCAH, Ky., July 2 PRNewswire-FirstCall — Computer Services, Inc. (CSI) (Pink Sheets: CSVI) today reported record revenues and net income for the first quarter ended May 31, 2008. First quarter revenues rose 4.1% to $35.7 million in fiscal 2009 compared with $34.3 million in the first...
Luminent Suspends All Payments to Unsecured Creditors While Analyzing Restructuring Options
PHILADELPHIA, July 1 PRNewswire-FirstCall — Luminent Mortgage Capital, Inc. (OTC Bulletin Board: LUMC) announced on June 24, 2008 that the company is faced with the necessity of restructuring and recapitalizing its balance sheet to place the company on solid ground for future growth...
Calamos Closed-End Funds (CHI, CHY, CSQ, CGO and CHW) Announce Monthly Distributions for July 2008
NAPERVILLE, Ill., July 1 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...
Dividend Declaration: Delaware Investments Dividend and Income Fund, Inc. Announces Dividends
PHILADELPHIA, July 1 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 July 25...
Dividend Declaration: Delaware Investments Global Dividend and Income Fund, Inc. Announces Dividends
PHILADELPHIA, July 1 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 Enhanced Global Dividend and Income Fund Announces Dividends
PHILADELPHIA, July 1 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 July 25, 2008, to...
Dividend Declarations: Delaware Investments(R) Municipal Income Funds Announce Dividends
PHILADELPHIA, July 1 PRNewswire-FirstCall — Today, the following four Delaware Investments municipal income funds, all closed-end management investment companies, declare their monthly income dividends: Delaware Investments Arizona Municipal Income Fund, Inc., Delaware Investments...
John Hancock Closed-end Funds Declare Monthly Dividends
BOSTON, July 1 PRNewswire-FirstCall — Four John Hancock closed-end funds declared their monthly dividends today as follows: Declaration Date: July 1, 2008 Ex Date: July 11, 2008 Record Date: July 15, 2008 Payable Date: July 31, 2008 Annualized Rate Change Yield at from Previous Ticker...
John Hancock Tax-Advantaged Dividend Income Fund Declares Monthly Distribution Pursuant to Level Distribution Policy
BOSTON, July 1 PRNewswire-FirstCall — John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) declared its monthly distribution pursuant to the level distribution policy today as follows: Declaration Date: July 1, 2008 Ex Date: July 11, 2008 Record Date: July 15, 2008 Payable Date...
ING Closes Acquisition of CitiStreet; Solidifies Leadership Position in Defined Contribution Retirement Plan Market
WINDSOR, Conn., July 1 PRNewswire-FirstCall — ING Group (NYSE: ING) announced that it has received final regulatory approvals and today completed its acquisition of CitiStreet LLC, one of the premier retirement plan and benefit service and administration organizations in the US, which...
Independence Investments Advises New SEI-Managed Collective Funds; City of Newport, R.I., Invests Over $8 Million
BOSTON, July 1 PRNewswire — Independence Investments LLC, a leading institutional manager of and investment adviser to actively managed U.S. fundamental and quantitative equity strategies, is pleased to announce its selection as sub-advisor for new collective funds managed by SEI...
Aberdeen Acquires 26 Nationwide Funds
WEST CONSHOHOCKEN, Pa., July 1 PRNewswire — Aberdeen Asset Management Inc. (Aberdeen) today announced the completion of the reorganization of 26 Nationwide Funds, representing approximately $2.2 billion in assets under management, into newly created Aberdeen Funds. This was the final...
Calamos Asset Management, Inc. Announces Second Quarter 2008 Conference Call
NAPERVILLE, Ill., June 30 PRNewswire-FirstCall — Calamos Asset Management, Inc. will announce earnings for the second quarter of 2008 after the financial markets close on Thursday, July 17th. The company has scheduled an investor conference call that day at 5 p.m. Eastern time (4...
Legg Mason Provides Money Market Fund Update
BALTIMORE, June 30 PRNewswire-FirstCall — Legg Mason, Inc. (NYSE: LM) announced that the Company has entered into capital support agreements (CSAs) to support three money market funds managed by a subsidiary of the Company. Neither the funds nor their shareholders incurred a loss in...
Delaware Investments Dividend and Income Fund, Inc. Announces Expiration of Tender Offer
PHILADELPHIA, June 30 PRNewswire-FirstCall — Delaware Investments Dividend and Income Fund, Inc. (NYSE: DDF) (the "Fund"), a closed-end management investment company, today announced the preliminary results of its tender offer for up to 522,939 shares of its common stock representing up...
Delaware Investments Global Dividend and Income Fund, Inc. Announces Expiration of Tender Offer
PHILADELPHIA, June 30 PRNewswire-FirstCall — Delaware Investments Global Dividend and Income Fund, Inc. (NYSE: DGF) (the "Fund"), a closed-end management investment company, today announced the preliminary results of its tender offer for up to 273,187 shares of its common stock...
John Hancock Funds Offers 'Emergency Checklist' to Prepare for Financial and Personal Emergencies
BOSTON, June 30 PRNewswire-FirstCall — John Hancock Funds is making available on its web site a complimentary, eight-page Emergency Checklist brochure that investors may download and print, as a way to help prepare for emergencies. In addition to being available on the web site...
For the First Time, Frost Subsidiary Offers Ten Mutual Funds to Retail Investors
SAN ANTONIO, June 30 PRNewswire-FirstCall — Cullen/Frost Bankers, Inc. (NYSE: CFR), one of the oldest and largest Texas-based banking organizations, announced today that starting July 1, ten funds managed by its Frost subsidiary, Frost Investment Advisors, will be available to retail...
European Capital Renews Multi-Currency Secured Credit Facility
ST. PETER PORT, Guernsey, June 30 PRNewswire-FirstCall — European Capital Limited (LSE: ECAS) and its subsidiaries, European Capital S.A. SICAR and ECAS S.a.r.l. (collectively, "European Capital") announced today the renewal of European Capital's multi-currency revolving credit...
Genworth Financial Subsidiary Insurance Companies Launch IRA Variable Annuity
RICHMOND, Va., June 30 PRNewswire-FirstCall — Genworth Life and Annuity Insurance Company and Genworth Life Insurance Company of New York, subsidiaries of Genworth Financial, Inc. (NYSE: GNW), have launched a new RetireReady(SM) IRA Annuity product. The IRA Annuity is a new retirement...
John Hancock Enhances Flagship Long-Term Care Insurance Product
BOSTON, June 30 PRNewswire-FirstCall — John Hancock Life Insurance Company (John Hancock) announced that it is adding new benefits to its flagship long-term care (LTC) insurance policy to meet the needs of today's LTC insurance buyers. Called Custom Care II Enhanced, the policy offers...
Board of Trustees Approves Credit Arrangements for Delaware Enhanced Global Dividend and Income Fund
PHILADELPHIA, May 23 PRNewswire-FirstCall — Today, Delaware Enhanced Global Dividend and Income Fund (NYSE: DEX) (the "Fund") announced that its Board of Trustees approved an agreement that would allow the Fund to enter into a $50 million, 364-day revolving credit facility with The Bank...
Cornerstone Bancshares, Inc. Announces Cash Dividend
CHATTANOOGA, Tenn., May 23 PRNewswire-FirstCall — Cornerstone Bancshares, Inc. (OTC Bulletin Board: CSBQ) today announced the following: Cornerstone Bancshares, Inc Board of Directors announced the record date and payment date of Cornerstone's quarterly dividend. The dividend $.07 a...
Castle Convertible Fund, Inc. Declares Distribution Of $0.17 Per Share
NEW YORK, May 23 PRNewswire — The Castle Convertible Fund, Inc., a closed-end investment company managed by Fred Alger Management, Inc., declared a distribution of $0.17 per share to shareholders of record on June 27, 2008, payable July 14, 2008. About Fred Alger Management Founded in...
XBRL US Framework to Support Mutual Fund Data in New Format
WASHINGTON, May 23 PRNewswire — XBRL US, the national consortium for XML standards for business and financial information reporting, commends the actions of the Securities and Exchange Commission (SEC) which voted unanimously this week to propose mandating the use of XBRL (Extensible...
Delaware Investments Global Dividend and Income Fund, Inc. Announces Self-Tender for Five Percent of Its Shares
PHILADELPHIA, May 22 PRNewswire-FirstCall — Delaware Investments Global Dividend and Income Fund, Inc. (NYSE: DGF) (the "Fund") announced today that its Board of Directors has authorized an issuer tender offer to purchase for cash up to 273,187 shares of its common stock, each of...
Delaware Investments Dividend and Income Fund, Inc. Announces Self-Tender for Five Percent of Its Shares
PHILADELPHIA, May 22 PRNewswire-FirstCall — Delaware Investments Dividend and Income Fund, Inc. (NYSE: DDF) (the "Fund") announced today that its Board of Directors has authorized an issuer tender offer to purchase for cash up to 522,939 shares of its common stock, each of which has a...
Continued Strong Shareowner Support in 2008 for Advisory Vote on Executive Compensation
BOSTON, May 22 PRNewswire — As the 2008 proxy season moves toward June and a pause in company annual meetings, a review of voting results demonstrates continued strong support for instituting a governance reform that provides shareholders with an advisory vote on executive compensation...
The Swiss Helvetia Fund, Inc. Declares Ordinary Income Dividend and Long Term Capital Gain Distribution
NEW YORK, May 22 PRNewswire-FirstCall — The Board of Directors of The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a closed-end investment company, announced today the declaration of an ordinary income dividend in the amount $0.134 per share ($0.042 per share derived from net investment...
First West Virginia Bancorp, Inc. Announces Cash Dividend
WHEELING, W.Va., May 22 PRNewswire-FirstCall — President and Chief Executive Officer, Sylvan J. Dlesk announced that the Board of Directors of First West Virginia Bancorp, Inc. (Amex: FWV) has declared a quarterly cash dividend of 19 cents per share to be paid to its shareholders for...
American Capital Provides Details of $28 Million Net Realized Gains From Portfolio Companies In First Quarter 2008
BETHESDA, Md., May 22 PRNewswire-FirstCall — American Capital, Ltd. (Nasdaq: ACAS) announced today information regarding its $28 million of total net realized gains from the disposition of portfolio investments in the first quarter of 2008. The portfolio net realized gains exclude...
John Hancock Announces Redemption Schedule for Auction Preferred Securities of John Hancock Investors Trust
BOSTON, May 21 PRNewswire-FirstCall — John Hancock Funds has announced the redemption schedule for $86 million of auction rate preferred securities (ARPS) issued by the John Hancock Investors Trust (JHI), a leveraged closed- end bond fund. Along with additional information about John...
TradeKing(TM) Continues Its Winning Ways; Receives 'Best in Show' and Other Top Honors in 14th Annual Financial Communications Society Portfolio Awards
BOCA RATON, Fla., May 21 PRNewswire — Online broker TradeKing (www.tradeking.com) today announced it was the recipient of numerous awards in the Financial Communications Society's 14th Annual Portfolio Awards, which were announced in New York City on May 15th. TradeKing, along with its...
Zurich Financial Services Group Selects The Bank of New York Mellon's Pershing Unit for Mutual Fund Processing
LONDON, May 21 PRNewswire-FirstCall — Pershing Limited, an affiliate of Pershing LLC and a subsidiary of The Bank of New York Mellon Corporation, announced today that it has been selected by Zurich Financial Services Group to provide mutual fund processing services through its Nexus...
Eaton Vance Corp. Report for the Three Months and Six Months Ended April 30, 2008
BOSTON, May 21 PRNewswire-FirstCall — Eaton Vance (NYSE: EV) reported earnings per diluted share of $0.43 in the second quarter of fiscal 2008 compared to earnings per diluted share of $0.17 in the second quarter of fiscal 2007. Second quarter fiscal 2007 earnings were reduced...
New 403(b) Plan Documents Ease Non-Profits' Transition Into IRS Regulatory Environment
WINDSOR, Conn., May 21 PRNewswire — ING announced today that it now will make available 403(b) plan documents to employers in the non-profit sector, to help make it easier for them to adopt the new IRS 403(b) requirements by the January 1, 2009 deadline. Last year, the IRS issued...
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