The investment yield used in a financial pricing model greatly affects the indicated premium. The proper investment yield depends on the target return on capital. If the target return on capital compensates for both investment risk and insurance risk, the investment yield should be the pre-tax yield expected to be...
SAN JUAN, Puerto Rico -- Oriental Financial Group Inc. (NYSE: OFG) today announced that it will record non-cash, other-than-temporary impairment charges on certain investment securities for the quarter ended September 30, 2008 totaling $55.8 million, net of tax, equal to $2.29 per share diluted. Jose Rafael Fernandez, President...
BOSTON -- On November 12, 2008, Eaton Vance Management, the Boston-based investment adviser, announced the monthly dividends declared on the common shares of three of its closed-end equity funds (the "Funds"). The record date for the dividends is November 21, 2008, and the payable date is November 28, 2008. The...
CINCINNATI -- The Pacholder High Yield Fund, Inc. (AMEX:PHF) declared a regular monthly distribution of $0.075 per common share for the month ending November 30, 2008. The distribution will be payable on December 09, 2008 to shareholders of record on November 28, 2008. The ex-date for the dividend is November...
GENEVA, Switzerland -- MSCI Barra (NYSE:MXB), a leading provider of investment decision support tools worldwide, including indices and portfolio risk and performance analytics, announced today changes to the MSCI Pan-Euro and MSCI Euro Indices that will be made as of the close of November 25, 2008. These changes result from...
NEW YORK -- Managed High Yield Plus Fund Inc. (the "Fund") (NYSE: HYF), a closed-end management investment company, today announced that the Fund's Board of Directors has declared a dividend from net investment income of $0.0330 per share. The dividend is payable on November 28, 2008 to shareholders of record...
PORTLAND, Ore., Nov. 11 /PRNewswire/ -- Paulson Investment Company, Inc., a wholly-owned subsidiary of Paulson Capital Corp. , today announced that its President and Chief Executive Officer, Trent Davis, will ring the ceremonial market opening bell at The NASDAQ Stock Market tomorrow morning, November 12, 2008, at 9:30 AM...
NEW YORK -- Standard & Poor's announced today that it has commenced Factual Stock Report coverage on DWS Strategic Municipal Income Trust. DWS Strategic Municipal Income Trust (NYSE:KSM) is a closed-end, diversified management investment company. The fund seeks a high level of current income exempt from federal income...
NEW YORK -- The New York Chapter of the National Investor Relations Institute (NIRI-NY) will hold a meeting on Thursday, November 13, 2008 featuring Abby Joseph Cohen, senior investment strategist of Goldman Sachs. Ms. Cohen, who is also president of the Global Markets Institute at Goldman Sachs, will discuss trends...
NEW YORK -- Standard & Poor's announced today that it has commenced Factual Stock Report coverage on DWS Multi-Market Income Trust. DWS Multi-Market Income Trust (NYS: KMM) is a closed-ended mutual fund launched and managed by Deutsche Investment Management Americas Inc. The fund invests in the fixed income...
BOSTON -- MFS Investment Management([R]) MFS today announced the availability of information on the results of the weekly auctions for the week ending November 7, 2008, that determine the dividend rate payable on the auction rate preferred shares issued by the closed-end funds identified below. The data is posted online...
NEW YORK -- Insured Municipal Income Fund Inc. (the "Fund") (NYSE: PIF), a closed-end management investment company normally investing substantially all of its assets in a diversified portfolio of tax-exempt municipal obligations, with common and preferred shares outstanding, today announced that the Fund's Board of Directors has declared a dividend...
NEW YORK -- Investment Grade Municipal Income Fund Inc. (the "Fund") (NYSE: PPM), a closed-end management investment company normally investing substantially all of its assets in a diversified portfolio of tax-exempt municipal obligations, with common and preferred shares outstanding, today announced that the Fund's Board of Directors has declared a...
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DALLAS -- Highland Distressed Opportunities, Inc. (the "Company") (NYSE: HCD) today announced its financial results for the third quarter ended September 30, 2008. [TABLE OMITTED] Portfolio and Investment Activity The following table summarizes the historical composition of our investment portfolio, exclusive of cash and cash equivalents,...
RMK High Income Fund, Inc. (the "Fund") (NYSE: RMH) today announced that its Board of Directors declared a monthly dividend of $0.015 per share, payable on November 26, 2008 to stockholders of record on November 18, 2008. The ex-dividend date is November 14, 2008. Based on the NYSE closing price...
RMK Multi-Sector High Income Fund, Inc. (the "Fund") (NYSE: RHY) today announced that its Board of Directors declared a monthly dividend of $0.010 per share, payable on November 26, 2008 to stockholders of record on November 18, 2008. The ex-dividend date is November 14, 2008. Based on the NYSE closing...
The Board of Directors of the Hyperion Brookfield Strategic Mortgage Income Fund, Inc. (the "Fund") (NYSE: HSM) declared a monthly dividend of $0.0725 per share, payable on November 26, 2008 to stockholders of record on November 18, 2008. The ex-dividend date is November 14, 2008. Based on the NYSE closing...
RMK Strategic Income Fund, Inc. (the "Fund") (NYSE: RSF) today announced that its Board of Directors declared a monthly dividend of $0.015 per share, payable on November 26, 2008 to stockholders of record on November 18, 2008. The ex-dividend date is November 14, 2008. Based on the NYSE closing price...
The Board of Directors of the Hyperion Brookfield Total Return Fund, Inc. (the "Fund") (NYSE: HTR) declared a monthly dividend of $0.0475 per share, payable on November 26, 2008 to stockholders of record on November 18, 2008. The ex-dividend date is November 14, 2008. Based on the NYSE closing price...
Articles 2008-11-07
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