On October 13, 2021, Kroll Bond Rating Agency assigned the long-term rating of AA+ with a Stable Outlook to the City of Los Angeles? General Obligation Bonds Series 2021-A and General Obligation Refunding Bonds Series 2021-B. Click here to view the report.
Exposes the Current Directors? Lack of Alignment with Investors, Given the Millions of Dollars in Compensation that the Incumbents have Awarded Themselves Amidst Years of Losses and Recent Reductions to the Dividend Urges Fellow Shareholders to Vote on the BLUE Card to Elect Ocean Capital?s Diverse Slate of Aligned, San Juan-Based Nominees at the Fund I and Fund III Annual Meetings on October 2...
Kroll Bond Rating Agency releases ESG research on a Texas law requiring firms that do business with state entities?including state agencies, counties, municipalities, and school districts?to certify they do not discriminate against the firearm or ammunition industries, which came into effect on September 1, 2021.
BondLink, the leading provider of financial technology for governments issuing bonds in the $4 trillion municipal bond market, announced the appointments of Lynn Martin, President of Fixed Income & Data Services at Intercontinental Exchange, Inc. (ICE), and Joe Geraci, partner at Old Orchard Capital and former Citi executive, to its Board of Directors. This press release features multimedia.
20-year veteran to support Muni trading desk as investor demand escalates InspereXSM, the new tech-driven fixed income and market-linked product distribution and trading firm, today announced that Jared Photis has joined the firm as Senior Vice President, Municipal Bonds.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0530 per share of common stock, payable on November 1, 2021 to shareholders of record at the close of business on October 20, 2021. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Financing to fund public improvements for commercial and residential resort community in southern Utah D.A. Davidson?s Special District Group has successfully priced and closed $106 million of limited tax general obligation bonds for Black Desert Public Infrastructure District, encompassing approximately 278 acres. This press release features multimedia.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below.
The Board of Trustees of BlackRock Taxable Municipal Bond Trust (BBN) approved a Managed Distribution Plan for the Trust. The Plan is intended to provide shareholders of the Trust with a consistent, but not guaranteed, periodic cash payment from the Trust, regardless of when or whether income is earned or capital gains are realized.
BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of forty eight BlackRock municipal, taxable fixed income, and equity closed-end funds have authorized the renewal of open market share repurchase programs.
Columbia Threadneedle Investments today announced the expansion of its strategic beta fixed income exchange-traded fund offerings with the launch of Columbia Short Duration Bond ETF, a short-duration bond strategy focused on generating income in four segments of the debt markets. This press release features multimedia.
Roosevelt & Cross Incorporated, a registered broker-dealer that specializes in tax-exempt and taxable municipal debt, today announced the successful completion of a $25 million City of Yonkers Industrial Development Agency School Facility Revenue Bonds issue for the New Community School Project.
Loomis, Sayles & Company, an affiliate of Natixis Investment Managers, today announced changes aimed at enhancing its municipal bond investment and research platform. This press release features multimedia.
Columbia Threadneedle Investments today announced that Catherine Stienstra, Head of Municipal Bond Investments and Senior Portfolio Manager, has been recognized as one of the top women in asset management by Bonhill Group as part of its 2021 U.S. Women in Asset Management Awards program.1 Catherine was named a winner in the bond manager category where she was short-listed alongside nine other f...
SMI expands on VanEck?s sustainability-focused fund line-up, providing investors the opportunity to pursue tax-exempt income with impact VanEck today announced the launch of the VanEck HIP Sustainable Muni ETF, the first ETF designed to offer exposure to investment-grade municipal debt securities that focus on sustainability as well as positive social, environmental and economic outcomes or mis...
Provide deeper insights into U.S. Municipal Bond issuers Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology and market infrastructure, and ADP, a leading global technology company providing human capital management solutions, today announced the launch of a new data service that helps investors better understand and assess the economic stability and creditworthiness...
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0530 per share of common stock, payable on October 1, 2021 to shareholders of record at the close of business on September 20, 2021. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Agency Insurance Company of Maryland, Inc.. The outlook of the Credit Ratings has been revised to stable from positive.
Kroll Bond Rating Agency assigns preliminary ratings Series 2021 bonds issued by Educational Enhancement Funding Corporation, a tobacco settlement revenue asset-backed securities transaction. Click here to view the report.
BNY Mellon Investment Management announced today that, in partnership and agreement with several of its investment firms, it has realigned those firms to enhance their specialist capabilities. As of the Effective Date, INA replaced Mellon Investments Corporation, which, like INA, is an affiliate of BNYM Investment Adviser, as the Fund's sub-adviser.
BNY Mellon Investment Management announced today that, in partnership and agreement with several of its investment firms, it has realigned those firms to enhance their specialist capabilities. In addition, as of the Effective Date, BNYM Investment Adviser engaged INA to serve as each Fund's sub-adviser, pursuant to a sub-investment advisory agreement between BNYM Investment Adviser and INA.
Long term debt rating attributed to strong capital, earnings and loan quality River City Bank, Sacramento?s premier business bank and consistently one of the region?s fastest growing companies, has announced that S&P Global Ratings has assigned it an investment grade long-term rating of BBB-. This rating reflects the bank?s strong credit performance in recent years, including through the COVID-...
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below.
AM Best has downgraded the Financial Strength Rating to A- from A and the Long-Term Issuer Credit Rating to ?a-? from ?a? of Kansas City Life Insurance Company. AM Best also has downgraded the FSR to B++ from A- and the Long-Term ICR to ?bbb+? from ?a-? of Old American Insurance Company.
Sky Harbour LLC, a developer of private aviation infrastructure focused on building, leasing and managing business aviation hangars, today announced that its subsidiary, Sky Harbour Capital LLC, secured $166.34 million in financing through the sale of Series 2021 private activity tax-exempt senior bonds through municipal conduit issuer, Public Finance Authority.
Hilltop Securities Inc. is pleased to welcome Ted Chapman to its Public Finance division in Dallas where he will serve as an investment banking credit analyst. ?Having reliable municipal credit expertise is now more important than ever for our clients and we seek to continue to increase our capabilities in this area,? said David Medanich, co-head of public finance at HilltopSecurities.
Kroll Bond Rating Agency assigns the long-term rating of AA+ with a Stable Outlook to the City of New York?s General Obligation Bonds Fiscal 2022 Series 1 and Fiscal 2022 Series A. The City of New York General Obligation Bonds are secured by the City?s faith and credit pledge.
Kroll Bond Rating Agency assigns the long-term rating of AA with a Stable Outlook to the City of Jacksonville, FL Special Revenue Bonds Series 2021A and Special Revenue Refunding Bonds, Series 2022A. Key Credit Considerations KBRA continues to monitor the direct and indirect impacts of the COVID-19 virus. The rating was assigned because of the following key credit considerations: Credit Positives.
Kroll Bond Rating Agency assigns a long-term AA+ rating to the Midland County Hospital District, Limited Tax General Obligation Refunding Bonds, Series 2021 and Series 2021 A. The Outlook is Stable.
Hilltop Securities Inc. today announced the expansion of their Southern Region public finance groups with the addition of two finance professionals in Florida and Texas. This press release features multimedia. Baurle will focus on asset-backed securitization, private debt originations, and structured finance strategies for clients across a wide range of sectors.
GAAP Highlights Non-GAAP Highlights Return of Capital to Shareholders Debt Issuance and Redemptions Insurance Segment Asset Management Segment HAMILTON, Bermuda---- Assured Guaranty Ltd. (AGO) announced today its financial results for the three-month period ended June 30, 2021.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0530 per share of common stock, payable on September 1, 2021 to shareholders of record at the close of business on August 18, 2021. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Kroll Bond Rating Agency assigns a long-term rating of A+ with a Stable Outlook to the Airport Revenue Bonds, Series 2021A and Airport Revenue Bonds, Series 2021B issued by Allegheny County Airport Authority. A rating report will follow. Key Credit Considerations KBRA continues to monitor the direct and indirect impacts of the COVID-19 virus.
Kroll Bond Rating Agency assigns a long-term rating of A+ with a Stable Outlook to the Airport Revenue Bonds, Series 2021A and Airport Revenue Bonds, Series 2021B issued by Allegheny County Airport Authority. A rating report will follow. Key Credit Considerations KBRA continues to monitor the direct and indirect impacts of the COVID-19 virus.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below.
Preston Hollow Capital, a provider of specialized impact financing solutions for projects of significant social and economic importance to local communities, today announced the successful completion of an additional $12 million tax-exempt bond financing for the City of Hamilton, Ohio.
- Provision for credit losses was a net benefit of $26.2 million for the second quarter of 2021, primarily driven by improvements in macroeconomic factors and lower loans outstanding. - Merger and restructuring costs of $11.0 million for the second quarter of 2021 associated with the acquisition of Banco Santander Puerto Rico, compared to $11.3 million for the first quarter of 2021.
Industry-Leading Public Finance Group Accelerates Growth Trajectory D.A. Davidson & Co. announced the hiring of a senior vice president and two vice presidents who will join the firm?s growing Special District Group, a nationally recognized team of capital market professionals focused on financing public infrastructure for land development through the issuance of municipal bonds.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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