Despite the recent lackluster performance of foreign stock funds, many financial planners say they are sticking with them for added diversification. Moreover, recent research has verified what financial planners already believed to be true: When domestic stock funds drop, so do foreign stock funds. In addition, investors would not get...
Certain niches of the economy provide more long-term stability or stronger growth prospects than others. Happily, you can invest in those niches via mutual funds known as sector funds. The benefit of such funds, financial advisers say, is that they provide extra concentration in areas you might want to emphasize...
Today, DC Brands International, Inc.(PINKSHEETS: DCBR) announced that they intend to discuss and give seriousconsideration to a potential corrective action to help restore shareholdervalue in the stock at the annual shareholder meeting to be held in Denveron August 16th. The company's CEO Richard Pearce said, "Last year, weinstituted a...
NEW YORK -- WisdomTree (Pink Sheets: WSDT) announced the launch of the WisdomTree Middle East Dividend Fund (Ticker Symbol: GULF) on the Nasdaq Stock Market today, July 16, 2008. GULF is designed to provide broad exposure and tradable access to securities listed and traded in the Middle East. ...
CHICAGO -- uBid.com Holdings, Inc. (OTCBB: UBHI), the leading asset recovery solutions company for the world's most trusted brands, today announced that it has entered into a $10 million common stock purchase agreement with Fusion Capital Fund II, LLC, a Chicago-based institutional investor. Up to $10 million of...
WORLD MARKETS Stocks shed 1.9 per cent, hit by growing fears over the financial services sector, but a steep fall in oil prices helped shares end above the session's lows. US crude oil futures fell more than $7 to just over $137 a barrel. Banks got hit...
Investors in contracts for difference CfDs are facing steep rises in the costs of taking out the controversial derivatives as the markets swing wildly, and they could face another round of cost hikes if conditions become worse. Market participants fear more firms could follow MF Global, which...
LOS ANGELES -- The TCW Group, Inc., invites you to participate in a conference call today with Tom McKissick, Portfolio Manager of the TCW Focused Equities Fund (Nasdaq:TGFFX)(Nasdaq:TGFVX). Mr. McKissick will discuss his stock market outlook and his approach to managing the fund in a presentation titled: "The...
NEW YORK -- Western Asset Municipal Partners Fund Inc. (NYSE: MNP) (the "Fund") announced today that the Fund's tender offer for 511,530 of its issued and outstanding shares of common stock, representing approximately 5% of the Fund's outstanding shares, expired on Tuesday, July 15, 2008 at 5:00 p.m., New York...
NEW YORK -- Western Asset Inflation Management Fund Inc. (NYSE: IMF) (the "Fund") announced today that the Fund's tender offer for 371,640 of its issued and outstanding shares of common stock, representing approximately 5% of the Fund's outstanding shares, expired on Tuesday, July 15, 2008 at 5:00 p.m., New York...
Maine & Maritimes Corporation (AMEX: MAM)today announced it has been added to the Russell Microcap Index after theRussell Investment Group reconstituted its comprehensive set of U.S. andglobal equity indexes on June 27, 2008. Russell indexes are widely used by investment managers and institutionalinvestors for both index funds and as benchmarks...
BOSTON -- Putnam Investments today announced quarterly performance results for Putnam High Income Securities Fund (NYSE: PCF), a closed-end fund, over the three months ended 5/31/08. Putnam High Income Securities Fund The per-share net asset value NAV for Putnam High Income Securities Fund (NYSE: PCF) was...
TRENTON, Ill. -- Sugar Creek Financial Corp. (OTCBB:SUGR; the "Company") today announced that the Company has authorized the funding of a trust that will purchase up to 17,774 shares, or approximately 1.96%, of the Company's outstanding common stock. The shares acquired by the trust will be used to fund restricted...
LAS VEGAS -- Whitney Funding, a market leader in finding solutions to the financial needs of micro and small cap companies, is taking advantage of its relationships around the world to help an ever-growing list of clients obtain the most favorable structure, terms and pricing in international asset, debt, and...
BOTHELL, Wash. -- Lumera Corporation (NASDAQ:LMRA) today announced that the Company has entered into definitive agreements with selected institutional investors to sell 4 million shares of its common stock and warrants to purchase an additional 2 million shares through a registered direct offering for net proceeds of approximately $2.8 million,...
The Board of Trustees of Ellsworth Fund Ltd.(the "Fund") (AMEX: ECF) declared its eighty-eighth quarterly dividendtoday. The nine cents ($0.09) per share dividend is payable from net investmentincome on August 28, 2008 to shareholders of record August 14, 2008. Ellsworth Fund Ltd. operates as a closed-end, diversified managementinvestment company and...
The Taiwan Greater China Fund (NYSE: TFC), adiversified closed-end registered investment company listed on the New YorkStock Exchange (the "Fund"), announced that it had filed a RegistrationStatement with the Securities and Exchange Commission today to register itscommon shares for one or more potential offerings in the future. While the Fund...
CHICAGO, July 15 /PRNewswire-FirstCall/ -- Northern Trust Corporation, holding company of The Northern Trust Company, today declared a quarterly cash dividend of $0.28 per share on its common stock ($1.66-2/3 par value). The dividend is payable on October 1, 2008, to stockholders of record on its transfer books...
NEWARK, N.J. -- JennisonDryden has launched the Jennison Small Cap Opportunity Fund JNOZX, a mutual fund that invests in small-cap growth and value stocks. The fund has been made available through defined contribution platforms, such as 401k retirement plans. JennisonDryden is the proprietary mutual fund family of Prudential Financial Inc....
NEW YORK -- The Board of Directors of Lazard Global Total Return & Income Fund (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly dividend distribution of $0.1042 per share on the company's outstanding common stock. The dividend is payable on August 22,...
Articles 2008-07-15
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