News Results

  1. KBRA Releases Report Assigning AA+ Rating to the City of Los Angeles? General Obligation Bonds Series 2021-A and General Obligation Refunding Bonds Series 2021-B; Outlook is Stable
    Business Wire | 10:44 AM EDT

    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.

  2. Ocean Capital Issues Open Letter to Shareholders of UBS Puerto Rico Bond Funds I, III and VI Regarding the Urgent Need for Boardroom Change
    Business Wire | 10/14/21 08:00 AM EDT

    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...

  3. KBRA Releases ESG Research: Texas Senate Bill 19?A Clash of Stakeholder Interests
    Business Wire | 10/13/21 03:07 PM EDT

    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.

  4. BondLink Appoints Lynn Martin and Joe Geraci to Board of Directors
    Business Wire | 10/13/21 11:52 AM EDT

    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.

  5. InspereX Appoints Jared Photis Senior Vice President, Municipal Bonds
    Business Wire | 10/13/21 10:00 AM EDT

    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.

  6. BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Dividend
    Business Wire | 10/04/21 05:11 PM EDT

    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.

  7. D.A. Davidson Closes Bonds on Black Desert Public Infrastructure District
    Business Wire | 09/30/21 01:10 PM EDT

    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.

  8. BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
    Business Wire | 09/29/21 04:05 PM EDT

    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.

  9. BlackRock Taxable Municipal Bond Trust Increases Monthly Distribution Amount and Adopts Managed Distribution Plan
    Business Wire | 09/27/21 06:00 PM EDT

    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.

  10. Certain Closed-End Funds Announce Renewal of Share Repurchase Programs
    Business Wire | 09/27/21 06:00 PM EDT

    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.

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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