NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced monthly dividend distributions of $0.06 per common share for the month of December 2024. Portfolio and municipal market commentary will be published on or around December 2, 2024 and can be retrieved here.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), 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. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
KBRA assigns a long-term rating of AAA with a Stable Outlook to Dallas Independent School District, TX's outstanding Unlimited Tax School Building and Refunding Bonds. The Unlimited Tax Bonds are obligations of the District, payable from a direct and continuing pledge of ad valorem taxes levied on all taxable property within the District, without limitation as to rate or amount.
DWS Strategic Municipal Income Trust announced today the payment of its final liquidating distribution to shareholders of $10.131 per share. DWS expresses its appreciation to the shareholders who have supported the Fund and its Board over the years. Important Information Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced the final results of a tender offer. As previously announced, the Fund conducted a tender offer allowing shareholders to offer up to 100% of their shares for repurchase for cash at a price per share equal to 100% of the net asset value per share determined on the date the tender offer expires.
KBRA assigns a long-term rating of AA, with a Stable Outlook, to Harris County, Texas Hotel Occupancy Tax Senior Lien Revenue Bonds, Taxable Series 2024. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
KBRA has upgraded the rating on the Greater Orlando Aviation Authority Airport Facilities Revenue Bonds to AA+. The AA+ rating applies to the Airport Facilities Revenue Bonds, Series 2024 and parity Senior Lien Bonds. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced the preliminary results of a tender offer. As previously announced, the Fund conducted a tender offer allowing shareholders to offer up to 100% of their shares for repurchase for cash at a price per share equal to 100% of the net asset value per share determined on the date the tender offer expires.
KBRA assigns a long-term rating of AA to the Chicago Transit Authority, IL Sales Tax Receipts Revenue Refunding Bonds Series 2024A. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges.
KBRA places the City's G.O. Bond rating on Watch Downgrade and assigns a long-term rating of "A" to the City of Chicago?s General Obligation Bonds, Refunding Series 2024B and Taxable Refunding Series 2024C. Concurrently, KBRA affirms the long-term rating of "A" on the City's outstanding General Obligation Bonds.
KBRA assigns a long-term rating of AA- with a Stable Outlook to the City of Chicago Second Lien Wastewater Transmission Revenue Bonds, Refunding Series 2024B. The Second Lien Wastewater bonds are limited obligations of the City of Chicago, payable solely from a second lien on net revenues of the sewer revenue fund.
KBRA assigns a long-term rating of AAA to the State of Connecticut Special Tax Obligation Bonds, Transportation Infrastructure Purposes, 2024 Series A and Special Tax Obligation Refunding Bonds, Transportation Infrastructure Purposes, 2024 Series B. KBRA additionally affirms the long-term rating of AAA for the State's outstanding Special Tax Obligation Bonds, Transportation Infrastructure Purpo...
Eaton Vance Municipal Bond Fund (EIM) previously announced that the Fund will conduct a tender offer for up to 5% of the Fund?s then-outstanding common shares if, during the four-month measurement period beginning July 9, 2024 through November 8, 2024, the Fund?s common shares trade at an average discount to net asset value of more than 7.5%. The Fund has determined that the conditions of the First T...
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on December 2, 2024 to shareholders of record at the close of business on November 20, 2024. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced monthly dividend distributions of $0.06 per common share for the month of November 2024. Portfolio and municipal market commentary will be published on or around November 1, 2024 and can be retrieved here.
KBRA assigns a long-term rating of AA to the Department of Water and Power of the City of Los Angeles Power System Revenue Bonds, 2024 Series E. Concurrently, the rating on outstanding Power System Revenue Bonds is affirmed at AA. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges.
KBRA assigns a long-term rating of A to the New Jersey Transportation Trust Fund Authority Transportation Program Bonds, 2024 Series CC. KBRA additionally affirms the long-term rating of A+ for the State of New Jersey's General Obligation Bonds. Lastly, KBRA affirms the long-term rating of A for the following bonds: New Jersey Transportation Trust Fund Authority.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), 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. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
BAM Mutual today announced that municipal bond electronic trading expert Tom Vales will join the Board as an independent director representing BAM?s municipal issuer-members. ?Tom?s career has been about making fixed-income markets more transparent and efficient,? said Se?n W. McCarthy, Chief Executive Officer of BAM.
BlackRock (BLK) announced today the planned termination of three 2024 iShares iBonds ETFs which possess the following timelines for trading, net-asset value calculation and expected liquidation: iBonds ETFs are designed to cease trading and mature during a specific maturity window like an individual bond. iBonds ETFs across treasuries, municipal bonds and both investment-grade and high-yield corporat...
KBRA assigns A- long-term rating with a Stable Outlook for the El Paso County Hospital District Revenue Refunding Bonds, Series 2024. The Stable Outlook is predicated upon the District?s on-going ability to generate stable operating cash flows sufficient to service debt obligations.
Easterly Asset Management, home to investment teams that provide private wealth and institutional investors with a portfolio of solutions across alternatives, active equity and active fixed income, today announced the launch of Easterly ROC Municipals, a municipal bond investment team that seeks to deliver tax-aware, yield-driven total returns for investors.
Eaton Vance California Municipal Bond Fund (EVM) and Eaton Vance New York Municipal Bond Fund (ENX) announced the results of each Fund?s Annual Meeting of Shareholders, which was convened on September 9, 2024 and adjourned to September 30, 2024, for the election of three members of the Fund?s board of trustees to serve three-year terms ending in 2027.
KBRA assigns an A+ rating, with a Stable Outlook to General Airport Senior Lien Revenue Refunding Bonds, Series 2024C and Series 2024D; and General Airport Senior Lien PFC Revenue Refunding Bonds, Series 2024E and Series 2024F to be issued by the City of Chicago on behalf of Chicago O'Hare International Airport.
Holistic Emissions Data Now Available for Municipal Bonds, Mortgage-backed Securities and Real Estate, as well as Corporate and Sovereign Bonds Intercontinental Exchange, Inc. (ICE), a leading global provider of technology and data, today announced the launch of a multi-asset class climate transition risk solution, which provides emissions estimates and portfolio analytics across various fixed income...
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Kansas City Life Insurance Company [OTCQX: KCLI]. Additionally, AM Best has revised the outlook of the Long-Term ICR to stable from negative and affirmed the FSR of B++ and the Long-Term ICR of ?bbb+? of Old American Insurance Company, a who...
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on November 1, 2024 to shareholders of record at the close of business on October 18, 2024. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
KBRA assigns a long-term rating of AA+ to the City of New York, NY General Obligation Bonds, Fiscal 2025 Series D, consisting of Taxable Social Bonds, Subseries D-1 and Taxable Bonds, Subseries D-2.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), 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. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
KBRA assigns a long-term rating of AA+ with a Stable Outlook to the North Slope Borough, Alaska General Obligation Bonds, Series 2024A and General Obligation Bonds, Series 2024B.
Five new indices to track performance of securities of obligors exposed to climate risk, uses ICE Climate Risk Scores Intercontinental Exchange, Inc. (ICE), a leading global provider of technology and data, today announced that it has launched a new suite of climate risk municipal indices, using the ICE Climate Risk Score, aimed at tracking the performance of securities selected based on exposure to ...
The SPDR? SSGA MyIncome Suite Provides Active Exposure to Corporate and Municipal Bonds With Defined Maturity Dates BOSTON---- State Street Global Advisors, the asset management business of State Street Corporation (STT) today announced the introduction of its SPDR? SSGA MyIncome ETFs ? the first actively managed corporate and municipal target maturity bond ETFs in the U.S. market.
KBRA assigns a long-term rating of AAA to the Indianapolis Local Public Improvement Bond Bank Revenue and Refunding Bonds, Series 2024F and affirms the long-term rating of AAA on the outstanding parity Series 2022C. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
Ocean Park Asset Management announced today that five of its strategies are now available on LPL Financial?s ?Model Wealth Portfolios? platform: Ocean Park Tactical Bond Strategy, Ocean Park Municipal Bond Strategy, Ocean Park Strategic Income Strategy, Ocean Park Conservative Allocation Strategy, and Ocean Park Moderate Allocation Strategy.
KBRA assigns a long-term rating of AA+ to the State of Connecticut: General Obligation Bonds; General Obligation Bonds; and General Obligation Refunding Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access rating and relevant documents, click here.
KBRA has assigned a long-term rating of AAA to the Los Angeles Unified School District General Obligation Bonds, Series QRR. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access rating and relevant documents, click here.
KBRA has assigned a long-term rating of AA, with a Stable Outlook, to Jacksonville Transportation Authority Senior Lien Local Option Gas Tax Refunding Revenue Bonds, Series 2024 and Senior Lien Local Option Gas Tax Refunding Revenue Bonds, Series 2025. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges.
Actively managed fund combines three sources of potential return: muni bond coupons, active muni bond trading & option-writing income Simplify Asset Management, an innovative provider of Exchange Traded Funds, is today adding a distinct actively managed municipal bond ETF to its growing lineup of income-focused strategies with the launch of the Simplify National Muni Bond ETF.
AM Best has affirmed the Performance Assessment of PA-3 of First Indemnity Insurance Agency, Inc.. The outlook of the assessment is stable. The assessment reflects First Indemnity?s strong underwriting capabilities, strong governance and internal controls, strong financial condition, strong organizational talent and strong depth and breadth of relationships.
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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