Mutual Funds Newswire
Pensions Outperformed 401(k) Plans During Last Bull Market, Watson Wyatt Analysis Finds
WASHINGTON, June 18 PRNewswire-FirstCall — Rates of return for defined benefit (DB) pension plans outpaced those for employee-directed 401(k) plans during the most recent bull market from 2003 to 2006, according to an analysis by Watson Wyatt Worldwide, a leading global consulting firm...
Innovative Universal Life Insurance Product Combines Affordability with Cash Values
RICHMOND, Va., June 18 PRNewswire-FirstCall — The Genworth Financial companies have introduced a new, more flexible version of their flagship universal life (UL) insurance product-Lifetime FlexPlus(SM)-designed to successfully combine the benefits of excellent non-guaranteed cash values...
Dahlman Rose & Co. Launches Only Publicly-Disseminated Marine Transportation Indices
NEW YORK, June 18 PRNewswire — Dahlman Rose & Co., LLC, a leading investment bank specializing in the natural resource supply chain, today announced the launch of the Dahlman Rose Dry Bulk Shipping and Dahlman Rose Tanker Shipping Indices. The index data, which is being...
AllianceBernstein National Municipal Income Fund, Inc. and Alliance California Municipal Income Fund, Inc. Announce Plans for Additional Partial Redemptions of Auction Preferred Shares
NEW YORK, June 17 PRNewswire-FirstCall — AllianceBernstein National Municipal Income Fund, Inc. ("ANMIF"; NYSE: AFB) and Alliance California Municipal Income Fund, Inc. ("ACMIF"; NYSE: AKP), each a registered closed-end investment company (the "Funds"), announced today that they...
The Spain Fund Releases Monthly Portfolio Update
NEW YORK, June 17 PRNewswire-FirstCall — The Spain Fund, Inc. (NYSE: SNF) (the "Fund") today released its monthly portfolio update as of May 31, 2008. Top 10 Equity Holdings Portfolio% Country 1) Telefonica Sa 17.64% Spain 2) Banco Santander Sa 14.91% Spain 3) Banco Bilbao Vizcaya...
AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, June 17 PRNewswire-FirstCall — AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of May 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, June 17 PRNewswire-FirstCall — Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of May 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, June 17 PRNewswire-FirstCall — Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of May 31, 2008. Alliance California Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings* Portfolio% 1) Los Angeles CA...
AllianceBernstein Income Fund Releases Monthly Portfolio Update
NEW YORK, June 17 PRNewswire-FirstCall — AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of May 31, 2008. AllianceBernstein Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) US Treasury 11.25% (02/15/15) 7.94% 2...
ACM Managed Dollar Income Fund Releases Monthly Portfolio Update
NEW YORK, June 17 PRNewswire-FirstCall — ACM Managed Dollar Income Fund, Inc. (NYSE: ADF) (the "Fund") today released its monthly portfolio update as of May 31, 2008. ACM Managed Dollar Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Brazil 7.13% (01/20/37) 3.57% 2...
AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, June 17 PRNewswire-FirstCall — AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of May 31, 2008. AllianceBernstein Global High Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Brazil 7.13...
Lincoln Financial Group to Participate in the JPMorgan Investment Portfolio Call
PHILADELPHIA, June 17 PRNewswire-FirstCall — Lincoln Financial Group (NYSE: LNC) will participate in the JPMorgan Investment Portfolio Conference Call on Friday, June 20, 2008 at 11:00 a.m. ET. Fred Crawford, chief financial officer, and See Yeng Quek, chief investment officer, will...
Hedging Programs Withstand Market Downturn
SEATTLE, May 20 PRNewswire — Milliman, Inc., one of the premier global consulting and actuarial firms, today released results of a study measuring the effectiveness of hedging products that contain investment guarantees such as variable annuities. Hedging results from the 16 study...
First Industrial Realty Trust Declares Common and Preferred Stock Dividends
CHICAGO, May 20 PRNewswire-FirstCall — First Industrial Realty Trust, Inc. (NYSE: FR), a leading provider of industrial real estate supply chain solutions, today announced that its board of directors declared a dividend of $0.72 per share of common stock for the quarter ending June...
Calamos Releases Monthly Closed-End Fund Portfolio Data
NAPERVILLE, Ill., May 20 PRNewswire-FirstCall — Calamos Investments has released monthly portfolio data for April including asset allocation, quality allocation, representative holdings, sector weightings and other fund characteristics for the Calamos Convertible Opportunities and...
John Hancock Announces Refinancing and Redemption of All Outstanding Preferred Shares of John Hancock Investors Trust (JHI)
BOSTON, May 20 PRNewswire-FirstCall — John Hancock Funds announced that it has restructured $86 million of leverage employed by the John Hancock Investors Trust (JHI), a leveraged closed-end bond fund. The Board of Trustees of John Hancock Funds approved a plan whereby a commercial bank...
High Risk Level in Some Target-Date Funds Could Come as a Surprise
WASHINGTON, May 20 PRNewswire-FirstCall — Although target-date funds are designed to automatically shift investors' portfolios to less risky assets as they age, the amount of equities in some funds might come as a surprise to employees nearing retirement and their employers, say experts...
Fannie Mae Announces Initial Dividend for Preferred Stock Series T
WASHINGTON, May 20 PRNewswire-FirstCall — The Board of Directors of Fannie Mae (NYSE: FNM) today declared an initial dividend of $0.23490 per share on the company's preferred stock Series T. The dividend payment for preferred stock Series T will be paid on June 30, 2008, to...
SEI Declares $.08 Per Share Dividend
OAKS, Pa., May 20 PRNewswire-FirstCall — The Board of Directors of SEI Investments Company (Nasdaq: SEIC) today declared a dividend of $.08 (eight cents) per share. The cash dividend will be payable to shareholders of record on June 17, 2008 with a payment date of June 20, 2008. About...
Comerica Bank Opens New Offices at Figueroa at Wilshire Tower in the Heart of Los Angeles' Central Business District
LOS ANGELES, May 20 PRNewswire-FirstCall — In a move that will increase its business capabilities and highlights its commitment to downtown Los Angeles, Comerica Bank today announced that it has leased up to 27,000-square feet of commercial office space at Brookfield Properties...
Signator Investors, Inc., Broker/Dealer of John Hancock Financial Network, Names Tom Horack Chief Compliance Officer
BOSTON, May 20 PRNewswire-FirstCall — Signator Investors, Inc., the full-service broker/dealer of John Hancock Financial Network (JHFN)*, has named Tom Horack Chief Compliance Officer, announced Chris Maryanopolis, President of Signator Investors, Inc. In this position, Horack will have...
Lincoln Financial Group Focuses on Innovation with Strategic Hires to Its Retirement Income Security Ventures Group
PHILADELPHIA, May 20 PRNewswire-FirstCall — Lincoln Financial Group (NYSE: LNC) recently announced a significant development for its Retirement Income Security Ventures (RISV) group with the appointments of Bobby Greenberg, Austin Rosenthal and Todd Manke to head its Innovation...
Fortex Customers Gain Access to Prime Brokerage Services and Liquidity from Top-tier Global Banks
REDWOOD SHORES, Calif., May 20 PRNewswire — As the result of successful STP integration with many of the world's leading banks, Fortex, Inc., the leading provider of independent, real-time multi-asset trading platforms, today announced that its clients can now take full advantage of...
AllianceBernstein National Municipal Income Fund, Inc., Alliance New York Municipal Income Fund, Inc., and Alliance California Municipal Income Fund, Inc. Announce Plans for Partial Redemptions of Auction Preferred Shares
NEW YORK, May 19 PRNewswire-FirstCall — AllianceBernstein National Municipal Income Fund, Inc. ("ANMIF"; NYSE: AFB), Alliance New York Municipal Income Fund, Inc. ("ANYMIF"; NYSE: AYN) and Alliance California Municipal Income Fund, Inc. ("ACMIF"; NYSE: AKP), each a registered closed-end...
Aberdeen Global Income Fund, Inc. Announces Record Date and Payment Date for Monthly Distribution
PHILADELPHIA, May 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 7.0 cents per share on June 13, 2008 to all shareholders of record as of May 30, 2008...
Aberdeen Asia-Pacific Income Fund, Inc. Announces Record Date and Payment Date for Monthly Distribution
PHILADELPHIA, May 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 June 13, 2008 to all shareholders of record as of May 30, 2008...
John Hancock Funds Leverages New Technology for Web Site
BOSTON, May 19 PRNewswire-FirstCall — John Hancock Funds has launched cutting-edge technology on its advisor web site that offers new and expanded products and services to financial advisors. The unique new features include "Flip Book" technology and video commentary on the markets by...
Eaton Vance Former Chairman and CEO James B. Hawkes Joins Board of Alternative Investment Advisory Firm Central Park Group
NEW YORK, May 19 PRNewswire — Central Park Group, LLC, announced today that James B. Hawkes, the former Chairman and Chief Executive Officer of Eaton Vance Corp. (NYSE: EV), has joined the Firm's board. Central Park Group, an independent investment advisory firm, delivers private client...
American Capital Commits $300 Million to Core Business Credit
BETHESDA, Md., May 19 PRNewswire-FirstCall — American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it has committed $300 million to Core Business Credit, a newly-formed commercial finance company that will provide asset-based financing to middle market companies...
SEI Selected by Riverfront Investment Group to Provide SMA Outsourcing Solution
OAKS, Pa., May 19 PRNewswire-FirstCall — SEI (Nasdaq: SEIC) today announced that it has been selected by the recently-established Riverfront Investment Group, LLC to provide operations outsourcing services for the firm's separate account business. Riverfront, which was recently...
Mark & Associates, P.C. & Burke, Harvey & Frankowski, LLC File FINRA Arbitration on Behalf of Morgan Keegan Bond Fund Investor
UNIONDALE, N.Y., May 16 PRNewswire — Mark & Associates, P.C. (www.youhaverights.com) and Burke, Harvey & Frankowski, LLC announce that they have filed an arbitration request with the Financial Industry Regulation Authority "FINRA" (FINRA Dispute Number 08-01562) on behalf of a...
Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, May 16 PRNewswire-FirstCall — Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of April 30, 2008. Alliance California Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Los Angeles CA...
ACM Managed Dollar Income Fund Releases Monthly Portfolio Update
NEW YORK, May 16 PRNewswire-FirstCall — ACM Managed Dollar Income Fund, Inc. (NYSE: ADF) (the "Fund") today released its monthly portfolio update as of April 30, 2008. ACM Managed Dollar Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Russia 7.50% (03/31/30) 4.81% 2) Brazil...
Federal Home Loan Bank of Boston Declares Dividend
BOSTON, May 16 PRNewswire — The board of directors of the Federal Home Loan Bank of Boston declared a second quarter dividend rate with an equivalent annual yield of 4.0 percent. The dividend, based on average stock outstanding for the first quarter, will be paid on June 3, 2008. The...
Cohen & Steers Arranging New Financing to Redeem Auction Market Preferred Securities
NEW YORK, May 16 PRNewswire-FirstCall — Cohen & Steers announced today that it has reached an agreement with a financial institution on the terms of a $300 million credit facility that will allow one of its closed-end funds to redeem, at par value, a portion of its auction market...
Aberdeen Asia-Pacific Income Fund, Inc. Announces Payment of Monthly Distribution
PHILADELPHIA, May 16 PRNewswire-FirstCall — Aberdeen Asia-Pacific Income Fund, Inc. (Amex: FAX) (the "Fund"), a closed-end bond fund, today announced that it paid on May 16, 2008, a monthly distribution of US 3.5 cents per share to all shareholders of record as of April 30, 2008. For...
KKR Announces Plans for Investments in Global Infrastructure Assets
NEW YORK, May 16 PRNewswire — Kohlberg Kravis Roberts & Co. today announced plans to begin a new initiative to invest in infrastructure assets on a global basis, to be led by George Bilicic, who is joining the firm as a Managing Director and Head of Infrastructure. Mr. Bilicic, who...
Calamos Announces Auction Rate Preferred Refinancing for Calamos Convertible Opportunities and Income Fund (NYSE: CHI) and Calamos Convertible and High Income Fund (NYSE: CHY)
NAPERVILLE, Ill., May 15 PRNewswire-FirstCall — Calamos Investments announced today that two of its closed-end funds, the Calamos Convertible Opportunities and Income Fund (NYSE: CHI) and the Calamos Convertible and High Income Fund (NYSE: CHY), intend to refinance, in aggregate, $630...
Month-End Portfolio Data Now Available for Federated Investors' Closed-End Municipal Funds
PITTSBURGH, May 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 April 30, 2008 are...
ING International High Dividend Equity Income Fund Declares Monthly Distribution
SCOTTSDALE, Ariz., May 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 June 16, 2008, to shareholders of...
ING Global Equity Dividend and Premium Opportunity Fund Declares Monthly Distribution
SCOTTSDALE, Ariz., May 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 June 16, 2008, to shareholders of...
Freddie Mac Chief Financial Officer Buddy Piszel to Address Lehman Brothers Conference
MCLEAN, Va., May 15 PRNewswire-FirstCall — Freddie Mac (NYSE: FRE) Executive Vice President and Chief Financial Officer Buddy Piszel will address the Lehman Brothers 11th Annual Financial Services Conference in London on Tuesday, May 20, 2008, at 4:05 p.m., British Summer Time...
SEI Issues 'War For Talent' White Paper to Bank Wealth Managers
OAKS, Pa., May 15 PRNewswire-FirstCall — SEI (Nasdaq: SEIC) announced today that it has released a new report entitled War For Talent: An Innovative Approach To Confronting The Human Resource Challenge. The report is the latest in a series from SEI that examines the need for wealth...
SkyBridge Capital Announces Strategic Relationship With Australia's Challenger Financial Services Group
NEW YORK, May 15 PRNewswire — SkyBridge Capital, which provides strategic capital to new and early-stage hedge funds, and Challenger Financial Services Group Limited (ASX: CGF), a leading Australian financial services company, today jointly announced an agreement to form a long-term...
Fortex Passes $5 Billion in Daily FX Trading
REDWOOD SHORES, Calif., May 15 PRNewswire — Fortex, Inc., the leading provider of independent, real-time multi-asset trading platforms, today announced that daily currency trading on its Fortex FX trading platform exceeded $5 billion in March. In spite of market uncertainty and the woes...
European Capital and American Capital Jointly Invest $85 Million in the Qioptiq Group
ST. PETER PORT, Guernsey, May 15 PRNewswire-FirstCall — European Capital Limited (LSE: ECAS) ("European Capital"), announced today that it has invested $57 million in the Qioptiq Group, a leading designer, developer and manufacturer of high-precision optical solutions for the defence...
Bankrate: Fixed Mortgage Rates Inch Higher
NEW YORK, May 15 PRNewswire-FirstCall — Fixed mortgage rates were modestly higher this week, with the average conforming 30-year fixed mortgage rate rising to 6.19 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an...
DotCom Marketing Launches New Website for Ariel Investments
CHICAGO, May 15 PRNewswire — DotCom Marketing, Inc. announced today the launch of Ariel Investments new corporate website. After several months of research and development the site was officially launched Wednesday, April 30, 2008. The site can be viewed online at...
F.N.B. Corporation Declares Dividend for the Second Quarter of 2008 and Holds Annual Meeting
HERMITAGE, Pa., May 14 PRNewswire-FirstCall — F.N.B. Corporation (NYSE: FNB), a diversified financial services company, today announced that its Board of Directors declared a quarterly cash dividend on the Corporation's common stock of 24 cents per share. The dividend is payable on June...
Jesup & Lamont, Inc. to Announce Conference Call and First Quarter Results
LONGWOOD, Fla., May 14 PRNewswire-FirstCall — Jesup & Lamont, Inc. (Amex: JLI) will issue its financial results for the first quarter ended March 31, 2008 on May 15, 2008. Jesup will hold a conference call to discuss the results on Thursday, May 15, 2008 at 5:00 pm EDT. To access...
New York Life Retirement Plan Services Appoints Bill Kline Vice President of Sales in Southeast U.S.
WESTWOOD, Mass., May 14 PRNewswire-FirstCall — New York Life Retirement Plan Services, a division of New York Life Investment Management LLC, announced the appointment of William (Bill) R. Kline as vice president of sales for the southeastern United States. Based out of Raleigh...
European Capital Announces euro 30 Million Share Repurchase Plan
ST. PETER PORT, Guernsey, May 14 PRNewswire-FirstCall — European Capital Limited ("European Capital") (LSE: ECAS) announced today that its Board of Directors has approved a share repurchase plan. Under this plan, European Capital may repurchase up to euro 30 million of its ordinary...
Eaton Vance Corp. Second Quarter Earnings Conference Call Notification
BOSTON, May 14 PRNewswire-FirstCall — Eaton Vance Corp. (NYSE: EV) will host a conference call at 11:00 AM EDT on Wednesday, May 21, 2008 to discuss financial results for the quarter ended April 30, 2008. The call will follow a news release announcing second quarter earnings that...
SEI White Paper: Collective Trust Product a 'Must' for Asset Managers in 401(K) Market
OAKS, Pa., May 14 PRNewswire-FirstCall — Collective investment trusts (CITs) are rapidly penetrating the defined-contribution retirement market and represent a "major business opportunity" for asset managers who can meet the requirements of this investment vehicle, concludes a white...
New Study: Americans Say Recession, Declining Stocks and Soft Home Values Less Financially Disastrous Than Death of Spouse
WINDSOR, Conn., May 14 PRNewswire-FirstCall — While current headlines and political rhetoric focus on the public's fears of broad financial challenges such as economic recession and Social Security going broke, Americans in every demographic group say that their death or the death of...
Castle Convertible Fund, Inc. Announces Proposed Reorganization
NEW YORK, May 13 PRNewswire — Castle Convertible Fund, Inc. (Amex: CVF) today announced the approval by the fund's Board of Directors of a plan to reorganize the closed-end fund into a newly formed open-end mutual fund that pursues the same objectives as the fund. The new offering will...
Dow Jones Insight -- 2008 Presidential Election Media Pulse: 'Once-imposing lead' and 'Big problem' Shadow Clinton in the Media as Candidates Tackle Global Issues
NEW YORK, May 13 PRNewswire — Results from the Dow Jones Insight — 2008 Presidential Election Media Pulse show that with only six primaries left following the split for Hillary Clinton and Barack Obama in Indiana and North Carolina, the end may be near for Clinton as media...
European Capital Declares euro 0.15 Q2 2008 Dividend, Reports euro 0.24 NOI and euro 0.32 Realised Earnings In Q1 2008
ST. PETER PORT, Guernsey, May 13 PRNewswire-FirstCall — European Capital Limited ("European Capital") (LSE: ECAS) announced today its second quarter 2008 dividend and its results for the first quarter of 2008. SECOND QUARTER 2008 DIVIDEND DECLARATION European Capital's Board of...
T. Rowe Price to Vote for Two Dissident Nominees at Insituform 2008 Annual Meeting
BALTIMORE, May 13 PRNewswire-FirstCall — T. Rowe Price Associates, Inc., the largest shareholder of Insituform Technologies, Inc., (Nasdaq: INSU) announced today that, on behalf of the T. Rowe Price funds and certain of its advisory clients, it intends to vote to elect Nickolas W. Vande...
/C O R R E C T I O N -- Alpine Woods Capital Investors, LLC/
In the news release, Alpine Total Dynamic Dividend Fund (NYSE: AOD) Announces Its Next Three Monthly Dividend Payments at the Current $0.18 Per Share, issued earlier today by Alpine Woods Capital Investors, LLC over PR Newswire, we are advised by a representative of the company that the first...
Alpine Global Premier Properties Fund Announces its Next Three Monthly Dividend Payments at the Current $0.1267 Per Share
WESTCHESTER, N.Y., May 13 PRNewswire-FirstCall — The Board of Trustees of the Alpine Global Premier Properties Fund (NYSE: AWP) today announced the fund's next three monthly dividend payments at the current $0.1267 per share, or equal to $1.52 per year for June, July and August. The...
Big Sur Capital Management Opens Its Doors, Offering New Hope for Financial Investors
SAN JOSE, Calif., May 13 PRNewswire — The art of investing is sophisticated and complex. So when economic times get tough, people who have built a healthy financial portfolio need to know they can trust their investment advisor to manage their assets effectively. They also want a...
Dow Jones Launches New Database Tracking the World of Private Equity Deals & Dealmakers
NEW YORK, May 13 PRNewswire — Dow Jones Financial Information Services, the leading provider of specialized data, news and events for the financial, corporate and emerging markets, today announced the launch of Private Equity Source . Dow Jones is a leading provider of global business...
Global Infrastructure Partners Announces Close of US$5.64 Billion First Fund
NEW YORK, LONDON and HONG KONG, May 12 PRNewswire — Global Infrastructure Partners ("GIP"), an independent fund that invests in infrastructure assets worldwide, announced today that it has completed fundraising for its flagship first fund. Total commitments to the Fund are US$5.64...
First Quarter Milestone, Model Funds Outperformed Peer Median in Worst Quarterly Market Since 2002
WASHINGTON, May 9 PRNewswire — ICMA-RC reported today that all eight of its target-date Vantagepoint Milestone(4) Funds outperformed their Morningstar peer medians in the first quarter of 2008, and for the one- and three-year periods ending March 31, 2008, with each ranking among the...
Middleburg Financial Corporation Announces 2008 First Quarter Earnings
MIDDLEBURG, Va., May 9 PRNewswire-FirstCall — Middleburg Financial Corporation (Nasdaq: MBRG) announced net income of $153,000, or $0.03 per diluted share, for the three months ended March 31, 2008. This represents a 92.9% decrease from $2.2 million, or $0.47 per diluted share, for...
Diamond Hill Investment Group, Inc. Reports Results for First Quarter 2008
COLUMBUS, Ohio, May 9 PRNewswire-FirstCall — Diamond Hill Investment Group, Inc. (Nasdaq: DHIL) today reported unaudited results for the quarter ended March 31, 2008. Assets under management ended the quarter at $4.7 billion, an increase of 12% and 6% compared to $4.2 billion at the end...
Level Four Expands Footprint with New Mid-Atlantic Office
PHILADELPHIA, May 9 PRNewswire — Lincoln Financial Network announced that Level Four Group, LLC, has opened a new branch in Virginia Beach, Va. The new office will provide wealth management services to the retail public and advisory support to certified public accountant and estate...
DNP Select Income Fund Declares Dividends
CHICAGO, May 9 PRNewswire-FirstCall — The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP) today declared dividends of 6.5 cents per share on its common stock, payable on July 10, 2008, August 11, 2008 and September 10, 2008 to shareholders of record at the close of...
Bankrate: Fixed Mortgage Rates Steady While Adjustable Rates Fall
NEW YORK, May 9 PRNewswire-FirstCall — Fixed mortgage rates were largely unchanged this week. The average conforming 30-year fixed mortgage rate backtracked to 6.13 percent, according to Bankrate.com's weekly national survey of large lenders. The average 30-year fixed mortgage has an...
Cohen & Steers Arranging Financing to Redeem Auction Market Preferred Securities
NEW YORK, May 8 PRNewswire-FirstCall — Cohen & Steers announced today that it has reached agreement on financing terms with a financial institution that will allow it to redeem, at par value, portions of the auction market preferred securities (AMPS) issued by three of its...
First West Virginia Bancorp, Inc. Announces First Quarter 2008 Earnings
WHEELING, W.Va., May 8 PRNewswire-FirstCall — First West Virginia Bancorp, Inc. (Amex: FWV) President and Chief Executive Officer, Sylvan J. Dlesk, today announced first quarter earnings for the Wheeling, West Virginia, based holding company. First West Virginia Bancorp, Inc. is the...
Lime Rock Partners V, L.P. Closes at $1.4 Billion
WESTPORT, Conn., May 8 PRNewswire — Lime Rock, a private equity firm focusing on the global energy sector, today announces the closing of its fifth Lime Rock Partners fund, Lime Rock Partners V, L.P., with $1.4 billion in investor capital commitments. Like the four predecessor Lime...
Old Mutual Asset Management (US) Reports Affiliates' Assets Under Management for Q1 2008
BOSTON, May 8 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 $316.8 billion, as of March 31, 2008, with first quarter net cash flows of $2.6 billion. The...
John Hancock Announces Refinancing and Redemption of All Outstanding Preferred Shares of Five Closed-End Funds
BOSTON, May 7 PRNewswire — John Hancock Funds announced that it intends to restructure approximately $1.6 billion of leverage used by five of its seven leveraged closed-end funds. The Board of Trustees of John Hancock Funds approved a plan whereby a third party commercial bank has...
Actimize, a NICE Company, Unveils Surveillance Solution for Rogue Trading Detection, Providing Enhanced Risk Management Capabilities
NEW YORK, May 7 PRNewswire-FirstCall — Actimize, a leading provider of transactional risk management software for the financial services industry and a NICE Systems (NASDAQ:NICE) company, today announced its Employee Trading Fraud solution for uncovering rogue trading in securities...
American Capital Reorganizes Sponsor Finance Group: Opens Boston Office, Reorganizes Northeast and California
BETHESDA, Md., May 6 PRNewswire-FirstCall — American Capital Strategies Ltd. (Nasdaq: ACAS), the only private equity fund and alternative asset manager in the S&P 500, announced today that it has opened a second office in the Boston area to expand its Sponsor Finance Group's...
American Capital Declares $1.03 Q2 2008 Dividend
BETHESDA, Md., May 6 PRNewswire-FirstCall — American Capital Strategies Ltd. (Nasdaq: ACAS) announced today its second quarter 2008 dividend, its results for the first quarter of 2008 and forecasts for 2008. SECOND QUARTER 2008 DIVIDEND DECLARATION American Capital's Board of...
Portfolio Managers Re-Acquire Boston Based Ironwood Investment Management
BOSTON, May 6 PRNewswire — Ironwood Investment Management, LLC announced today that April 30, 2008 marked the closing of a transaction that restores Ironwood as an independent, majority employee owned investment management firm. The transaction establishes a Board of Directors to...
Brooks Brothers CEO at St. Jude Children's Research Hospital(R) To Announce Partnership With Stanford St. Jude Championship
MEMPHIS, Tenn., May 6 PRNewswire — Brooks Brothers Chairman and CEO Claudio Del Vecchio was at St. Jude Children's Research Hospital recently to announce that the company is joining with Stanford Financial Group to support St. Jude Children's Research Hospital through a signature...
Fannie Mae Announces Plan to Raise Capital
WASHINGTON, May 6 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) announced its plan to raise $6 billion in new capital through public offerings of common stock, non-cumulative mandatory convertible preferred stock and non-cumulative, non-convertible preferred stock. Fannie Mae is raising...
John Hancock Launches New Fully Guaranteed Whole Life Insurance Product
BOSTON, May 6 PRNewswire-FirstCall — John Hancock has launched a new, highly competitive Protection Whole Life(2) policy that combines affordable, guaranteed death benefit protection, guaranteed cash values and a long term care rider. "The new Protection Whole Life policy occupies a...
Bill Gross, David Bonderman, and Donald Tang Headline Asia Society Southern California's Gala Dinner May 20, 2008
LOS ANGELES, May 6 PRNewswire — Asia Society Southern California's Annual Gala Dinner on Tuesday evening, May 20, 2008, at the Beverly Hilton Hotel in Los Angeles will honor Bill Gross (of PIMCO) for his service to our community. Also featured will be David Bonderman, a Founding Partner...
Fannie Mae Reports First Quarter 2008 Results; Announces Equity Offering to Increase Capital and an Expected Reduction in Common Stock Dividend
WASHINGTON, May 6 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) today filed its first quarter report on Form 10-Q with the U.S. Securities and Exchange Commission. The filing provides consolidated financial statements for the first quarter of 2008. The following documents are now...
European Capital Invests Euro 28 Million in International Electronics and Engineering
ST. PETER PORT, Guernsey, May 6 PRNewswire-FirstCall — ECAS S.a.r.l, an indirect wholly-owned subsidiary of European Capital Limited (LSE: ECAS) ("European Capital"), announced today that it has invested euro 28 million in International Electronics and Engineering S.A. ("IEE"), a...
Legg Mason Launches $1 Billion Equity Units Offering
BALTIMORE, May 6 PRNewswire-FirstCall — Legg Mason, Inc. (NYSE: LM) today announced that it plans to offer and sell 20 million equity units, each with a stated amount of $50 for an aggregate stated amount of $1 billion. Legg Mason plans to grant the underwriters for the equity units...
Legg Mason Reports Results for Fourth Fiscal Quarter and Fiscal Year Ended March 31, 2008
BALTIMORE, May 6 PRNewswire-FirstCall — Legg Mason, Inc. (NYSE: LM) today reported its operating results for the fourth fiscal quarter and fiscal year ended March 31, 2008. For the quarter, revenues were $1.07 billion, down 6% from $1.14 billion in the fourth quarter of fiscal 2007...
American Capital Realizes a Gain of $69 Million in the Second Quarter From its Investment in BPWest
BETHESDA, Md., May 5 PRNewswire-FirstCall — American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it has realized a gain of $69 million in the second quarter of 2008 from the sale of its portfolio company BPWest Inc., the holding company for Anchor Drilling Fluids USA...
Cohen & Steers Realty Shares Wins Lipper Performance Achievement Certificate
NEW YORK, May 5 PRNewswire-FirstCall — Cohen & Steers Realty Shares (Nasdaq: CSRSX) has received a 2007 Lipper Performance Achievement Certificate. The fund ranks number one in the Lipper Equity Fund Performance Analysis Service for the 15-year period ended December 31, 2007 in...
Paul Capital Closes $1.65 Billion Secondaries Fund
NEW YORK, May 5 PRNewswire — Paul Capital, an innovative leader in the private equity market, today announced the final closing of its ninth dedicated private equity secondaries fund, Paul Capital Partners IX, L.P. ("Paul IX"). The fund comprises US$1.65 billion in capital...
Dividend Declarations: Delaware Investments(R) Municipal Income Funds Announce Dividends
PHILADELPHIA, May 2 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...
Dividend Declaration: Delaware Investments Global Dividend and Income Fund, Inc. Announces Dividends
PHILADELPHIA, May 2 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 May...
Dividend Declaration: Delaware Investments Dividend and Income Fund, Inc. Announces Dividends
PHILADELPHIA, May 2 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 May 30...
European Capital Announces Departure of UK Managing Director
ST. PETER PORT, Guernsey, May 2 PRNewswire-FirstCall — European Capital Financial Services Limited ("European Capital"), the sub-investment manager of European Capital Limited (LSE: ECAS), announced the departure of Simon Henderson, Managing Director, UK Buyouts, effective May 1. Mr...
Montgomery McCracken Expands its Investment Management Group
PHILADELPHIA, May 2 PRNewswire — Jill R. Whitelaw and Terrance James Reilly have joined the investment management group at Montgomery, McCracken, Walker & Rhoads, LLP. Together, Ms. Whitelaw and Mr. Reilly bring to Montgomery McCracken more than 40 years of experience in the...
Legg Mason Hosting Conference Call to Discuss Fiscal Fourth Quarter and Year End Operating Results
BALTIMORE, May 2 PRNewswire-FirstCall — Legg Mason, Inc. (NYSE: LM) will announce operating results for its fiscal 2008 fourth quarter and year ended March 31, 2008 on Tuesday, May 6, 2008 in a press release that will be issued at approximately 7:00 a.m., E.D.T. The press release...
John Hancock Closed-end Funds Declare Monthly Dividends
BOSTON, May 1 PRNewswire-FirstCall — Four John Hancock closed-end funds declared their monthly dividends today as follows: Declaration Date: May 1, 2008 Ex Date: May 9, 2008 Record Date: May 13, 2008 Payable Date: May 30, 2008 Annualized Rate Change from Ticker Fund Name Amount Yield...
European Capital Invests Euro 142 Million and Supports Growth in Buyout Investments in Q1 2008
ST. PETER PORT, Guernsey, May 1 PRNewswire-FirstCall — European Capital Limited (LSE: ECAS) ("European Capital"), announced that in the first quarter of 2008 it supported the growth of its portfolio companies through four add-on acquisitions: — Wakame: Add-on to Marco Polo...
Nashville Bank & Trust Reports 2007 Annual and First Quarter 2008 Results
NASHVILLE, Tenn., May 1 PRNewswire-FirstCall — In conjunction with mailing its 2008 Shareholders Meeting information, Nashville Bank and Trust Company (OTC Bulletin Board: NVBT) reported results today for the year ending December 31, 2007 and the first quarter ending March 31, 2008...
James F. Carlin Elected Independent Chairman of the Board of John Hancock Funds
BOSTON, May 1 PRNewswire-FirstCall — James F. Carlin has been elected independent Chairman of the Board of Trustees for John Hancock Funds. Mr. Carlin, who has served as a John Hancock Funds Trustee since 1992, succeeds Ronald R. Dion, who passed away in December of 2007. Mr. Carlin had...
Babson Capital Closes $680 Million Vinacasa CLO LTD
SPRINGFIELD, Mass., May 1 PRNewswire — Babson Capital Management LLC ("Babson Capital"), an investment management firm based in Springfield and Boston, Mass., and Charlotte, N.C., today announced that is has closed the $680 million Vinacasa CLO LTD fund ("Vinacasa"). Vinacasa has a...
Bank of America Introduces Web Site for Non-profit Organizations Seeking Foundation Grants
BOSTON, May 1 PRNewswire — Bank of America today announced a new, national Web site through which non-profit organizations can research and apply for grants from nearly 70 foundations managed by Bank of America. In its role of distributing more than $350 million annually to charities on...
Penn Treaty Appoints New Directors
ALLENTOWN, Pa., May 1 PRNewswire-FirstCall — Penn Treaty American Corporation (NYSE: PTA) today announced the appointment of Alan S. Parsow, Robert J. Beutel and Sean T. Mullen to the Company's Board of Directors. The appointments fill vacancies created by the recent retirement of...
Clemente Creates $200,000,000 Real Estate Distressed Asset Fund
VIENNA, Va., April 30 PRNewswire — C. Daniel Clemente, Chairman and Chief Executive Officer of Clemente Development Co., Inc. and Manager of Clemente, LLC, announced today the formation of the CDC Real Estate Opportunity Fund I, a private equity fund established to take advantage of...
Dodge & Cox Expands Mutual Fund Offerings
SAN FRANCISCO, April 30 PRNewswire — The Board of Directors of Dodge & Cox today announced the launch of a new mutual fund, the Dodge & Cox Global Stock Fund, which will open to investors on Thursday, May 1, 2008. The Global Stock Fund is Dodge & Cox's fifth mutual fund...
Delaware Investments Names Antonio Tan-Torres to New Structured Solutions Group
PHILADELPHIA, April 30 PRNewswire-FirstCall — Delaware Investments today announced that Antonio (Junee) Tan-Torres has joined the company as the first member of its newly formed Structured Solutions Group, effective immediately. He is vice president of the group. The Structured...
San Francisco 49ers Manny Lawson Prepares to 'Run For Something Better' and Promote ING Bay to Breakers
SAN FRANCISCO, April 30 PRNewswire-FirstCall — Linebacker Manny Lawson will swap his cleats and shoulder pads for a pair of running shoes and orange shoelaces on Thursday, May 15, as he partners with ING to support the "Run for Something Better" program in advance of the ING Bay to...
John Hancock Funds Adopts Rainier Large Cap Growth Equity Portfolio
BOSTON, April 30 PRNewswire-FirstCall — John Hancock Funds has completed the adoption of the Rainier Large Cap Growth Equity Portfolio. Last week, shareholders of the Rainier Large Cap Growth Equity Portfolio voted to approve a reorganization resulting in the 4-star Morningstar-rated...
John Hancock Taps Allan Hackney as Chief Information Officer
BOSTON, April 30 PRNewswire-FirstCall — Allan T. Hackney has joined John Hancock Financial as Senior Vice President and Chief Information Officer, announced John D. DesPrez III, President and CEO, John Hancock Financial Services, Inc. At John Hancock, Mr. Hackney's responsibilities will...
Are Your Mutual Funds Terror-Free? The Next Step in Socially Responsible Investing: www.terrorfreecalculator.com
PHOENIX, April 30 PRNewswire — Conflict Securities Advisory Group (CSAG) and Overlap Inc. today officially launched terrorfreecalculator.com . For more information, visit http://www.ereleases.com. SOURCE Swiss America Trading Corporation
Jesup & Lamont, Inc. Appoints James B. Fellus as CEO of Jesup & Lamont Securities Corp., Inc.
LONGWOOD, Fla., April 30 PRNewswire-FirstCall — Jesup & Lamont, Inc. (Amex: JLI), a full-service brokerage, investment banking and investment advisory firm, today announced that it has appointed James B. Fellus as CEO of Jesup & Lamont Securities Corp., Inc., a broker-dealer...
ACM Managed Dollar Income Fund, Inc. Monthly Distribution
NEW YORK, April 29 PRNewswire-FirstCall — ACM Managed Dollar Income Fund, Inc. (NYSE: ADF), a closed-end management investment company, declared on this date, April 29, 2008, a monthly distribution of $0.0465 per share of Common Stock, payable on May 23, 2008 to stockholders of record...
AllianceBernstein Global High Income Fund, Inc. Monthly Distribution
NEW YORK, April 29 PRNewswire-FirstCall — AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF), a closed-end management investment company, declared on this date, April 29, 2008, a monthly distribution of $0.0925(*) per share of Common Stock, payable on May 23, 2008 to...
Alliance California Municipal Income Fund, Inc. Monthly Distribution
NEW YORK, April 29 PRNewswire-FirstCall — Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a closed-end management investment company, declared on this date, April 29, 2008, a monthly distribution of $0.0615 per share of Common Stock, payable on May 23, 2008 to...
AllianceBernstein National Municipal Income Fund, Inc. Monthly Distribution
NEW YORK, April 29 PRNewswire-FirstCall — AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a closed-end management investment company, declared on this date, April 29, 2008, a monthly distribution of $0.066 per share of Common Stock, payable on May 23, 2008 to...
Legg Mason Announces Quarterly Dividend
BALTIMORE, April 29 PRNewswire-FirstCall — Legg Mason (NYSE: LM) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock in the amount of $0.24 per share. The dividend is payable July 7, 2008 to shareholders of record on the...
John Hancock Freedom 529 Launches Series of Marketing Initiatives to Support Financial Consultants
BOSTON, April 29 PRNewswire-FirstCall — John Hancock Freedom 529 updated its 529 website to kick off a series of 2008 marketing initiatives designed to enhance the financial consultant's experience of working with John Hancock Freedom 529. "With our fee reduction in December, last...
LPL Financial Congratulates Ron Carson, Susan Kaplan and John Waldron; Named by Barron's Magazine in Their Annual Top 100 Financial Report
SAN DIEGO, April 29 PRNewswire — LPL Financial Corporation ("LPL Financial"), the nation's largest independent broker/dealer(1) announced today that three of the firm's advisors were recently named as one of the "Top 100 Financial Advisors in the U.S." by Barron's magazine. Ron Carson...
Duff & Phelps Announces Publication of 2008 Risk Premium Report
NEW YORK, April 29 PRNewswire-FirstCall — Duff & Phelps Corporation (NYSE: DUF), a leading provider of independent financial advisory and investment banking services, today announced that it has published the 2008 Risk Premium Report. The report is designed to assist finance...
SkyBridge Capital Makes Strategic Investment in Capital Returns Master, Ltd., a Global Long/Short Equity Hedge Fund Focused on Insurance Industry
NEW YORK, April 29 PRNewswire — SkyBridge Capital, LLC, which provides strategic capital to new and early-stage hedge funds, and Capital Returns Master, Ltd., a global long/short equity hedge fund focused on the insurance industry, today jointly announced that SkyBridge Capital has...
BNY Mellon Asset Servicing Client Named Best Post-Trade Technology Implementation by Institutional Investor
PITTSBURGH, April 29 PRNewswire-FirstCall — BNY Mellon Asset Servicing, the global leader in securities servicing, announced that its back-office outsourcing client O'Shaughnessy Asset Management (OSAM) won the "Best Post-Trade Technology Implementation" award at Institutional...
AllianceBernstein Global High Income Fund, Inc. Holding Conference Call
NEW YORK, April 28 PRNewswire-FirstCall — AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) will hold a conference call at 4:30 P.M. (Eastern Time) on Tuesday, April 29, 2008. Representatives of the above-mentioned Fund will lead the discussion during the live conference...
Babson Capital Hires Chief Information Officer
SPRINGFIELD, Mass., April 28 PRNewswire — Babson Capital Management LLC ("Babson Capital"), an investment management firm based in Springfield and Boston, Mass., and Charlotte, N.C., today announced the appointment of a chief information officer with more than 20 years of technology...
Aberdeen Australia Equity Fund, Inc. Announces Performance Data and Portfolio Composition
PHILADELPHIA, April 28 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 March 31, 2008. The Fund's total returns for various periods through March 31, 2008...
Aberdeen Global Income Fund, Inc. Announces Performance Data and Portfolio Composition
PHILADELPHIA, April 28 PRNewswire-FirstCall — Aberdeen Global Income Fund, Inc. (the "Fund") (Amex: FCO), a closed-end bond fund, announced today its performance data and portfolio composition as of March 31, 2008. The Fund's total returns for various periods through March 31, 2008...
John Hancock Retirement Plan Services Launches New 'Forum Coach' Training Program for TPAs
BOSTON, April 28 PRNewswire-FirstCall — Building on the recent expansion of the TPA Services Team, John Hancock Retirement Plan Services (RPS) today announces a new web-facilitated training program for its 401(k) Third Party Administrators (TPAs). Called "Forum Coach," the program was...
New Independent Research Firm Targets Firms with Little or No Analyst Following
MINNEAPOLIS, April 28 PRNewswire — Headed up by President and Chief Analyst Terence Pitre, Ph.D. Pitre Equity Research, LLC., (PER) is an independent equity research firm based in Minneapolis, Minnesota. Dr. Pitre said that because the firm is operated by a member of academia, truth...
American Capital Agency Corp. Announces Launch of Initial Public Offering
BETHESDA, Md., April 28 PRNewswire-FirstCall — American Capital Agency Corp. (the "Company") announced today that it plans to conduct an initial public offering of its common stock. American Capital Agency Corp. expects to offer 12,500,000 shares to the public at the proposed initial...
National City Capital Markets Advises Total Transportation Group in Its Acquisition of Wills Trucking
CLEVELAND, April 24 PRNewswire-FirstCall — National City Capital Markets announced today that its Investment Banking Group served as exclusive buy-side advisor to Total Transportation Group ("Total Transportation"), a provider of specialized towing and heavy haul services as well as...
Federated Investors, Inc. Reports First Quarter 2008 Earnings; Total Assets Under Management Surpass Record $338 Billion
PITTSBURGH, Pa., April 24 PRNewswire-FirstCall — Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today reported earnings per diluted share of $0.55 for the quarter ended March 31, 2008, compared to $0.50 for the quarter ended March 31, 2007, an...
Nationwide Natural Resources Fund Wins at 2008 Lipper Fund Awards
WEST CONSHOHOCKEN, Pa., April 24 PRNewswire — Aberdeen Asset Management Inc. (Aberdeen) today announced that the Nationwide Natural Resources Fund (formerly the Nationwide Global Natural Resources Fund(1), Inst. Serv. Class: GGNSX), which Aberdeen serves as subadviser, won in the...
Calamos Announces Conference Call to Discuss Auction Rate Preferred Refinancing
NAPERVILLE, Ill., April 24 PRNewswire-FirstCall — Calamos Investments will host a conference call to discuss topics related to the recent auction rate preferred refinancing announcement of Calamos Strategic Total Return Fund (NYSE: CSQ) and Calamos Global Total Return Fund (NYSE...
American Stock Exchange Lists Citigroup Funding Inc.'s 10.5% ELKS Based Upon Intel Corporation
NEW YORK, April 24 PRNewswire — The American Stock Exchange(R) (Amex(R)) opened trading on Citigroup Funding Inc.'s 10.5% ELKS Based Upon Intel Corporation. Priced at $10.00 per unit with an initial offer size of 13,860,000 units, this equity trades under the ticker symbol EHP and has a...
Orrstown Financial Services, Inc. Announces First Quarter Earnings Up 13.5% and Raises Quarterly Dividend
SHIPPENSBURG, Pa., April 24 PRNewswire-FirstCall — Orrstown Financial Services, Inc. (OTC Bulletin Board: ORRF) is pleased to announce operating results for the first quarter of 2008, which ended on March 31, 2008. Net income grew to $3,250,000, a 13.5% increase over the $2,863,000...
Huron Capital Moves Quickly To Expand O&P Business
DETROIT, April 24 PRNewswire — Huron Capital Partners announced today that its portfolio company Michigan Orthopedic Services ("MOS") has acquired Koch's Orthotic / Prosthetic Services, Inc. ("Koch's"). Terms of the transaction were not disclosed. The transaction was closed less...
Fifth Third Bank Announces $25,000 Customer Appreciation Home Payment Sweepstakes
NAPLES, Fla., April 24 PRNewswire — To celebrate 150 years in banking and to thank customers for their continued support and patronage, Fifth Third Bank introduced today its $25,000 Customer Appreciation Home Payment Sweepstakes. From April 27 through May 10, current and prospective...
Office Workers Vent on Extreme Temperatures, Messy Restrooms, Rodents and 'Dumpy' Workplaces
CORAL GABLES, Fla., April 24 PRNewswire — Philip Blumberg's Blumberg Capital Partners also are more likely to encounter rodents or insects in their office buildings, vis-a-vis their comrades in other parts of the country. *** Blumberg Capital Partners, which has long pursued a high-end...
Universal Capital Management, Inc. Reports on Vystar Corporation Contract
WILMINGTON, Del., April 24 PRNewswire-FirstCall — Universal Capital Management, Inc., (OTC Bulletin Board: UCMT) a publicly traded venture capital fund that provides emerging growth companies with management and strategic resources for successful growth, is pleased to announce that...
Calamos Announces Refinancing of Certain Auction Rate Preferred Securities
NAPERVILLE, Ill., April 23 PRNewswire-FirstCall — Calamos Investments announced today that it intends to refinance an aggregate of $939 million of the outstanding auction rate preferred securities (ARPs) issued by two of its closed-end funds. The funds are the Calamos Global Total...
The Spain Fund Releases Monthly Portfolio Update
NEW YORK, April 23 PRNewswire-FirstCall — The Spain Fund, Inc. [NYSE: SNF] (the "Fund") today released its monthly portfolio update as of March 31, 2008. Top 10 Equity Holdings Portfolio% Country 1) Telefonica Sa 17.75% Spain 2) Banco Santander Sa 14.29% Spain 3) Iberdrola Sa...
Britton & Koontz Holds Shareholder Meeting
NATCHEZ, Miss., April 23 PRNewswire-FirstCall — Britton & Koontz Capital Corporation (Nasdaq: BKBK, "the Company") held its 2008 Annual Meeting of Shareholders on Tuesday, April 22, 2008, in the lobby of the main office of Britton & Koontz Bank, N.A., ("the Bank") 500 Main...
Legg Mason Value Trust Letter to Shareholders: First Quarter 2008
BALTIMORE, April 23 PRNewswire-FirstCall — LEGG MASON VALUE TRUST Investment Commentary First Quarter 2008 Fund Performance Total returns for the Fund for various periods ended March 31, 2008, are presented below, along with those of a comparative index: Average Annual Total Returns and...
Whatley Drake & Kallas, LLC and Reese Richman, LLP Announce Filing of Class Action Lawsuit Against Wells Fargo & Company and Certain of its Affiliates Regarding Wells Fargo Mutual Funds
NEW YORK, April 23 PRNewswire — The law firms of Whatley Drake & Kallas LLC ("Whatley Drake") and Reese Richman LLP ("Reese Richman") today announced that a class action lawsuit was filed on April 4, 2008 in the Northern District of California against Wells Fargo & Company...
Private Equity Firms Remain Optimistic For New Growth in Spite of Ongoing Economic Downturn
ROSELAND, N.J., April 23 PRNewswire — Small and mid-market private equity firms universally agreed that the U.S. economy is in an economic downturn and that an extended period of market uncertainty would adversely impact private equity firms according to "Private Equity in 2008," a...
American Community Bancorp, Inc. Announces Loan Growth of 19 Percent
EVANSVILLE, Ind., April 23 PRNewswire-FirstCall — American Community Bancorp, Inc. ("the Company") (OTC Bulletin Board: ACBP), the holding company for Bank of Evansville, today announced first quarter results for 2008. The Company generated net income for the first quarter of...
FBR Capital Markets Reports First Quarter Results
ARLINGTON, Va., April 23 PRNewswire-FirstCall — FBR Capital Markets Corporation (Nasdaq: FBCM) (FBR Capital Markets) today reported a net after-tax loss of $10.2 million, or $0.16 per share (diluted), for the quarter ended March 31, 2008, compared to net after-tax income of $11.0...
SEI Investments Announces Increase in Stock Repurchase Program
OAKS, Pa., April 22 PRNewswire-FirstCall — SEI Investments Company (Nasdaq: SEIC) announced today that its Board of Directors has approved an increase in its stock repurchase program by an additional $100 million. Since the beginning of calendar year 2008, the Company repurchased...
ACM Managed Dollar Income Fund Releases Monthly Portfolio Update
NEW YORK, April 22 PRNewswire-FirstCall — ACM Managed Dollar Income Fund, Inc. (NYSE: ADF) (the "Fund") today released its monthly portfolio update as of March 31, 2008. ACM Managed Dollar Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Russia 7.50% (03/31/30) 4.95% 2...
AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, April 22 PRNewswire-FirstCall — AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of March 31, 2008. AllianceBernstein Global High Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Brazil...
AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, April 22 PRNewswire-FirstCall — AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of March 31, 2008. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio...
Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, April 22 PRNewswire-FirstCall — Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of March 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, April 22 PRNewswire-FirstCall — Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of March 31, 2008. Alliance California Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Los Angeles CA...
Babson Capital Acquires Leading Distressed Debt Management Business from Murray Capital Management
SPRINGFIELD, Mass., April 22 PRNewswire — Babson Capital Management LLC ("Babson Capital"), an investment management firm based in Springfield and Boston, Mass., today announced that it has acquired Murray Capital Management, Inc.'s ("MCM") distressed debt management business as the...
BlueCrest Capital Finance Works with Lagan to Finance Growth
CHICAGO, April 22 PRNewswire — BlueCrest Capital Finance, L.P. financed $10 million for Lagan's growth as the company continues its expansion into North America and broadens its product offering. Lagan is an enterprise case management software provider dedicated to the government...
The Grade You Don't See Could Blow Your Average
RICHMOND, Va., April 21 PRNewswire — No one would accept their child's report card if it came back with half the grades missing ... so why have so many people been accepting incomplete grade reports for their mutual funds? Most mutual fund evaluations only provide part of the picture...
Spectra Energy Income Fund Going Private Transaction Update
HOUSTON, April 21 PRNewswire-FirstCall — Spectra Energy (NYSE: SE) today announced that it has learned that the special meeting of the unitholders of Spectra Energy Income Fund (the "Fund") that began earlier today in connection with the proposed acquisition of all of the outstanding...
Huntington Bancshares Incorporated to Hold Annual Shareholders Meeting
COLUMBUS, Ohio, April 21 PRNewswire-FirstCall — Who: Huntington Bancshares Incorporated (Nasdaq: HBAN) a $56 billion regional bank holding company headquartered in Columbus, Ohio. What: 2008 Annual Shareholders Meeting Where: Riffe Center, Capitol Theatre 77 South High Street Columbus...
Fifth Third Asset Management Active Growth Product Reaches Its 5-Year
CINCINNATI, April 18 PRNewswire — Fifth Third Asset Management, Inc. (FTAM) is proud to announce that its large cap growth strategy, known as "Active Growth" now has a five-year performance record. Created on February 28, 2003, the product is benchmarked to the Russell 1000(R) Growth...
European Capital's Sponsor Finance Group Invests Euro 97 Million in Three Portfolio Companies
ST. PETER PORT, Guernsey, April 18 PRNewswire-FirstCall — ECAS S.a.r.l, an indirect wholly-owned subsidiary of European Capital Limited (LSE: ECAS) ("European Capital"), announced today investments totaling euro 97 million in three companies made in the first quarter of 2008. The...
Citizens First Corporation Announces First Quarter 2008 Results
BOWLING GREEN, Ky., April 17 PRNewswire-FirstCall — Citizens First Corporation (Nasdaq: CZFC) (the "Company") today reported its results of operations for the quarter ended March 31, 2008. Mary D. Cohron, President and CEO, reported that the Company's net income on a consolidated basis...
United Bancorp, Inc. Declares a Regular Cash Dividend Payment of $0.13 Per Share and Reports on Annual Shareholder Meeting
MARTINS FERRY, Ohio, April 17 PRNewswire-FirstCall — On April 16, 2008, the Board of Directors of United Bancorp, Inc. (Nasdaq: UBCP) declared the second quarter dividend payment of $0.13 per share for shareholders of record on May 23, 2008, with a payment date of June 20, 2008, to be...
American Capital To Host Equity Investor Conference and Annual Meeting
BETHESDA, Md., April 17 PRNewswire-FirstCall — American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it will hold its 2008 Equity Investor Conference followed by the 2008 Annual Meeting of Stockholders on Monday, May 19, 2008 at the New York Palace Hotel, 455 Madison...
/C O R R E C T I O N -- Advent International/
In the news release, Advent International Raises 1 Billion Euros for Its Fourth Central & Eastern Europe Fund, issued earlier today by Advent International over PR Newswire, we are advised by the company that the third paragraph, second sentence, should read "raised 6.6 billion euros" rather...
New York Life Retirement Plan Services Harvests Another Plan with Roseburg
WESTWOOD, Mass., April 17 PRNewswire — New York Life Retirement Plan Services (New York Life), a division of New York Life Investment Management LLC (NYLIM), announced that it has significantly broadened its total retirement outsourcing (TRO) relationship with Roseburg Forest Products...
SEI Will Discuss First-Quarter Earnings on Wednesday, April 23, 2008 at 10:00 AM EDT
OAKS, Pa., April 17 PRNewswire-FirstCall — SEI (Nasdaq: SEIC), a leading global provider of outsourced asset management, investment processing and investment operations solutions, will conduct a conference call to review first-quarter earnings on Wednesday, April 23, 2008 beginning at...
Monarch Financial Reports Record First Quarter Profits and Strong Growth
CHESAPEAKE, Va., April 17 PRNewswire-FirstCall — Monarch Financial Holdings, Inc. (Nasdaq: MNRK), the bank holding company for Monarch Bank, reported record first quarter net income and continued strong loan, deposit and asset growth. Net income was $968,201 for the first quarter of...
Ameris Bancorp Reports Net Income for First Quarter 2008
MOULTRIE, Ga., April 17 PRNewswire-FirstCall — AMERIS BANCORP (Nasdaq: ABCB), Moultrie, Georgia, reported net income of $3.0 million, or $0.22 per share, for the quarter ended March 31, 2008, compared to net income for the same quarter in 2007 of $5.0 million, or $0.37 per share...
Bank of America Names Claire Huang to Head Marketing for Global Wealth & Investment Management
BOSTON, April 17 PRNewswire — Bank of America today announced Claire Huang has been named the head of marketing for its Global Wealth & Investment Management division. Huang is responsible for developing and executing marketing strategy for the company's businesses serving affluent...
KeyCorp Reports First Quarter 2008 Earnings
CLEVELAND, April 17 PRNewswire-FirstCall — KeyCorp (NYSE: KEY) today announced first quarter income from continuing operations of $218 million, or $0.54 per diluted common share. This compares to income from continuing operations of $358 million, or $0.89 per share, for the first...
European Capital Will Report Q1 2008 Results on 13 May
ST. PETER PORT, Guernsey, April 17 PRNewswire-FirstCall — European Capital Limited (LSE: ECAS) announced today it will report first quarter 2008 earnings on Tuesday 13 May 2008. European Capital invites shareholders, analysts and other interested persons to attend the European...
Gramercy Advisors Hires New Portfolio Manager
GREENWICH, Conn., April 16 PRNewswire — Gilberto Chavez-Velazquez has joined Gramercy Advisors LLC as a Managing Director and Portfolio Manager in their Greenwich, CT offices. Mr. Chavez-Velazquez will focus on hedging strategies and trading of emerging market distressed sovereign and...
Parke Bancorp, Inc. Announces Record First Quarter Earnings
WASHINGTON TOWNSHIP, N.J., April 16 PRNewswire-FirstCall — Parke Bancorp, Inc. (Nasdaq: PKBK), announced net income for the first quarter of 2008 of $1.3 million, representing an increase of $22,000, or 1.7%, above the comparable quarter of 2007. Diluted earnings per share amounted to...
MarketAxess to Host Conference Call Announcing 2008 First Quarter Results
NEW YORK, April 16 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 fixed-income securities, will announce its 2008 first quarter...
Ceres Report: Mutual Fund Industry Opposition to Climate Change Resolutions Begins to Thaw
Review of Proxy Votes by 1,300 Mutual Funds Finds Shift from Solid Opposition to Abstention Middle Ground, Growing Support BOSTON, April 16 PRNewswire-USNewswire — The mutual fund industry's previously icy attitude toward climate change shareholder resolutions is beginning to thaw as...
The Mexico Fund, Inc. Transfers Proceeds of Repurchase Offer in Exchange for Fund Shares Validly Submitted and Accepted by Fund
WASHINGTON, April 15 PRNewswire-FirstCall — The Mexico Fund, Inc. (NYSE: MXF) announced today that it made payment on April 15, 2008 for Fund shares accepted for repurchase in the Fund's in-kind repurchase offer which expired on April 1, 2008. A total of 6,363,083 shares were validly...
CNB Financial Corporation Reports First Quarter Earnings for 2008
CLEARFIELD, Pa., April 15 PRNewswire-FirstCall — CNB Financial Corporation (Nasdaq: CCNE), the parent company of CNB Bank, today announced reported earnings of $2.0 million or $0.23 diluted earnings per share for the quarter ended March 31, 2008, compared to $1.9 million or $0.22...
Month-End Portfolio Data Now Available for Federated Investors' Closed-End Municipal Funds
PITTSBURGH, April 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 March 31, 2008 is...
American Capital Will Report Q1 2008 Results on May 6
BETHESDA, Md., April 15 PRNewswire-FirstCall — American Capital Strategies Ltd. (Nasdaq: ACAS) announced today it will report first quarter 2008 earnings on Tuesday, May 6, 2008. American Capital invites shareholders, prospective shareholders and analysts to attend the American Capital...
Dreyfus High Yield Strategies Fund Portfolio Holdings Now Available
NEW YORK, April 15 PRNewswire-FirstCall — Dreyfus High Yield Strategies Fund (NYSE: DHF) announced that monthly portfolio holdings and additional portfolio information, as of March 31, 2008, are now available. The information will be posted to www.dreyfus.com and can be accessed at...
ING Global Equity Dividend and Premium Opportunity Fund Declares Monthly Distribution
SCOTTSDALE, Ariz., April 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 May 15, 2008, to shareholders of...
MassMutual's Stephen Kuhn Named 'In-House Leader in the Law' by Massachusetts Lawyer's Weekly
SPRINGFIELD, Mass., April 15 PRNewswire — Massachusetts Mutual Life Insurance Company (MassMutual) announced today that Stephen L. Kuhn, senior vice president, secretary and deputy general counsel, has been named to the 2008 In-House Leaders in the Law list published by Massachusetts...
SEI Launches Enhanced Integrated Managed Accounts Solution to the U.S. Bank Market
OAKS, Pa., April 15 PRNewswire-FirstCall — SEI (Nasdaq: SEIC) announced today that its Private Banking segment has introduced an enhanced integrated managed account solution to the U.S. banking market in response to emerging client needs and an industry moving towards integrated...
TradeKing(TM) Receives 'Official Honoree' Distinction by 12th Annual Webby Awards
BOCA RATON, Fla., April 15 PRNewswire — Online broker TradeKing (www.tradeking.com) today announced it has been selected as an Official Honoree in the Financial Services category in the 12th annual Webby Awards, sponsored by the International Academy of Digital Arts and Sciences. The...
Wayne Savings Bancshares, Inc. Announces Senior Management Appointment
WOOSTER, Ohio, April 14 PRNewswire-FirstCall — Wayne Savings Bancshares, Inc. (Nasdaq: WAYN), the stock holding company parent of Wayne Savings Community Bank, announced the appointment of Steven G. Dimos as Executive Vice President and Chief Operations Officer. Mr. Dimos' experience...
John Hancock Sponsors Legendary Boston Marathon Team Hoyt
BOSTON, April 14 PRNewswire-FirstCall — John Hancock has added another dimension to its Marathon activities by sponsoring Team Hoyt. For over 30 years, Dick Hoyt has pushed or pulled his disabled son Rick through the finish lines of 25 Boston Marathons and nearly 1,000 athletic events...
Aberdeen Asia-Pacific Income Fund, Inc. Announces Record Date and Payment Date for Monthly Distribution
NEW YORK, April 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 May 16, 2008 to all shareholders of record as of April 30, 2008...
MFC Global Investment Management (U.S.) Names Frank Saeli to Head U.S. Institutional Sales and Relationship Management
BOSTON, April 14 PRNewswire-FirstCall — MFC Global Investment Management (U.S.), LLC said that it has named Frank Saeli as head of U.S. institutional sales and relationship management. Mr. Saeli reports to J-F Courville, President and COO, MFC Global Investment Management. "We are...
MassMutual Law Division Participates in Springfield Pro Bono Housing Court Project
SPRINGFIELD, Mass., April 14 PRNewswire — MassMutual Financial Group announced today its participation in a local pro bono program in which attorneys in the company's Law Division offer free legal services to income eligible tenants and landlords in Hampden County Housing Court...
Wachovia Corporation Prices $7 Billion In Concurrent Offerings Of Common Stock And Convertible Preferred Stock
CHARLOTTE, N.C., April 14 PRNewswire-FirstCall — Wachovia Corporation (NYSE: WB) today announced the pricing of its previously announced concurrent offerings of $3.5 billion or 145,833,334 shares of common stock and $3.5 billion or 3,500,000 shares of Non-Cumulative Perpetual...
SEI Selected by Silver Creek Capital Management to Provide Fund Operations Outsourcing
OAKS, Pa., April 14 PRNewswire-FirstCall — SEI (Nasdaq: SEIC) today announced that it has been selected by Silver Creek Capital Management to provide operations outsourcing services for the firm's alternative investment funds. The win further strengthens SEI's position as a leader in...
The Dawn of Active Equity ETFs
RYE BEACH, N.H., April 14 PRNewswire — AER Advisors, Inc., a private financial services firm focused on product development of actively managed equity exchange-traded funds (ETFs), announced that two actively managed equity "PowerShares Active Alpha ETFs" began trading on Friday...
Wachovia Reports 1st Quarter Results; Announces Initiatives To Further Enhance Capital Base and Flexibility
CHARLOTTE, N.C., April 14 PRNewswire-FirstCall — Wachovia today announced a series of actions to further enhance its capital base and operational flexibility, and updated its credit reserve modeling to reflect greater emphasis on forecasted changes in customer behavior assuming...
Shareholder Class Action Filed on Behalf of Purchasers of the Schwab YieldPlus Fund Investor Shares and Schwab YieldPlus Fund Select Shares by the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP
RADNOR, Pa., April 11 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 all...
American Stock Exchange Launches Trading in the NETS DAX Index Fund
NEW YORK, April 11 PRNewswire — The American Stock Exchange(R) (Amex(R)) today announced that it launched trading in the NETS(TM) DAX(R) Index Fund by Northern Trust Global Investments. The new ETF is listed under the ticker symbol "DAX." DAX aims to track the price and yield...
Northern Trust Achieves a Milestone in Cross-Border Pooling With U.S. Department of Labor Opinion Regarding ERISA Plan Assets
CHICAGO, April 11 PRNewswire-FirstCall — Northern Trust announced today it has received an advisory opinion from the U.S. Department of Labor that clears the way for U.S. pension plan participation in cross-border pension pooling vehicles meeting certain requirements. These vehicles...
Federated Investors' Closed-End Municipal Funds Declare Monthly Dividends
PITTSBURGH, April 11 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...
Aberdeen Australia Equity Fund, Inc. Announces Payment of Quarterly Distribution
NEW YORK, April 11 PRNewswire-FirstCall — Aberdeen Australia Equity Fund, Inc. (Amex: IAF) (the "Fund"), a closed-end equity fund, today announced that it paid on April 11, 2008, a quarterly distribution of US $0.41 per share to all shareholders of record as of March 31, 2008. For...
Aberdeen Global Income Fund, Inc. Announces Payment of Monthly Distribution
NEW YORK, April 11 PRNewswire-FirstCall — Aberdeen Global Income Fund, Inc. (Amex: FCO) (the "Fund"), a closed-end bond fund, today announced that it paid on April 11, 2008, a monthly distribution of US 7.0 cents per share to all shareholders of record as of March 31, 2008. For the...
RiverVest Venture Partners(R), a St. Louis-Based Venture Capital Firm Focusing on Life Sciences, Closes on Fund II, Names John P. McKearn, Ph.D., Venture Partner
ST. LOUIS, April 11, 2008 PRNewswire — RiverVest Venture Partners announced today that it has completed fundraising for its second fund, RiverVest Venture Fund II, L.P., with total committed capital of $75 million from private investors. RiverVest's first fund, which was licensed as a...
Provident Bankshares Completes a Significant Strategic Plan to Strengthen Capital Levels
BALTIMORE, April 11 PRNewswire-FirstCall — Provident Bankshares Corporation (Nasdaq: PBKS), the parent company of Provident Bank, today announced a multi-tiered plan to strengthen the Company's capital base. It includes the issuance of $65 million in equity securities and a...
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