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.
BlackRock (BLK) announced today the planned termination of two 2023 iBonds ETFs, which possess the following timelines for trading, net-asset value circulation 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 corporate credit...
Preston Hollow Community Capital recently announced the closing of a $300 million tax-exempt bond financing that will consolidate financing of the Towers, Drew, Cook, Quad, and Axis dormitories across the Howard University campus into one unified transaction.
On January 20, 2023, KBRA assigned a long-term rating of AA with a Stable Outlook to the Triborough Bridge and Tunnel Authority General Revenue Refunding Bonds, Series 2023A. Concurrently, KBRA affirmed the long-term rating of AA on the TBTA?s outstanding General Revenue Bonds and the long-term rating of AA- on the Subordinate Revenue Bonds. To access ratings and relevant documents, click here.
On January 17, 2023, KBRA assigned a long-term rating of AA+ with a Stable Outlook to Pflugerville Independent School District?s Unlimited Tax School Building Bonds, Series 2023 and Taxable Series 2023B. To access ratings and relevant documents, click here. Click here to view the report.
Preston Hollow Community Capital recently announced the closing of a $185 million tax-exempt bond financing related to the development of a new build-to-rent residential community known as Los Cielos in partnership with the Brooks Development Authority, located in San Antonio.
On January 9, 2023, KBRA assigned a long-term rating of AAA, with a Stable Outlook to the State of Wisconsin?s General Obligation Bonds of 2023, Series A. Concurrently, KBRA affirmed the long-term AAA rating with a Stable Outlook on the outstanding G.O. Bonds; the short-term K1+ rating on the G.O. Commercial Paper Program and G.O. Extendible Municipal Commercial Paper Program; and the long-term...
Preston Hollow Community Capital recently announced the purchase of $208.7 million in assessment bonds related to the Assembly Community Improvement District in Doraville, Georgia within Metro Atlanta.
Transaction underscores strength in partnerships and unique financing models D.A. Davidson?s Special District Group, a nationally recognized team of capital market professionals, has successfully sold $64 million in Limited Tax General Obligation Bonds, Series 2022A-1 and Convertible Capital Appreciation Limited Tax General Obligation Bonds, Series 2022A-2 for the continued development of Peak ...
Gilmore & Bell, P.C., a leading public finance law firm, is pleased to announce that Haden Crumpton and Kevin Wempe have been named directors in the Kansas City office. Mr. Crumpton serves as bond counsel to cities, counties, school districts, and other municipal borrowers. Mr. Wempe serves as bond counsel to cities, counties, school districts, and other municipal borrowers.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0400 per share of common stock, payable on February 1, 2023 to shareholders of record at the close of business on January 20, 2023. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
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.
Innovating in the U.S. Regulated Municipal Market Alphaledger has recorded municipal bond originations on blockchain infrastructure in the United States, utilizing parallel recordkeeping.
Baird Strategic Municipal Bond Fund and Baird Municipal Bond Fund recently crossed the three-year mark, demonstrating strong investment results from inception. ?These two additions to our municipal bond fund line up have had strong performance out of the gate,? said Mary Ellen Stanek, CFA, Managing Director, Co-Chief Investment Officer and President of Baird Funds.
On December 5, 2022, KBRA assigned a short-term rating of K1+ to Cobb County School District, Georgia?s Short-Term Construction Notes, Series 2023. Additionally, KBRA affirmed the short-term rating of K1+ for the District?s Short-Term Construction Notes, Series 2022 due December 15, 2022, and the long-term rating of AAA with a Stable Outlook for the District?s Implied General Obligation Credit.
Certain BlackRock closed-end funds announced distributions today as detailed below. BlackRock Taxable Municipal Bond Trust (BBN) announced a decrease to its monthly distribution. Taxable Municipal Fund: Declaration- 12/5/2022 Ex-Date- 12/14/2022 Record- 12/15/2022 Payable- 12/22/2022. Taxable Fixed Income Funds: Declaration- 12/5/2022 Ex-Date- 12/14/2022 Record- 12/15/2022 Payable- 12/22/2022.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0400 per share of common stock, payable on January 3, 2023 to shareholders of record at the close of business on December 19, 2022. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
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.
On November 22, 2022 KBRA assigned a long-term rating of AA with a Stable Outlook to the following State of Connecticut bonds: KBRA simultaneously affirmed the long-term rating of AA with a Stable Outlook for Connecticut?s outstanding General Obligation Bonds, as well as for the Connecticut Innovations, Incorporated State of Connecticut General Fund Obligation Bonds 2014 Series A. To access rat...
On November 16, 2022, KBRA assigned a long-term rating of AAA to Harris County, TX?s Tax and Subordinate Lien Revenue Certificates of Obligation, Series 2022. To access ratings and relevant documents, click here. Click here to view the report.
Commerce Bank announced it has entered into a definitive agreement to acquire L.J. Hart & Company, a municipal bond underwriter and advisor. L.J. Hart & Company, founded in 1991 in St. Louis, MO, has advised more than 300 Missouri Public School Districts and nearly a quarter of the 114 Missouri county governments.
On November 15, 2022 KBRA assigned a long-term rating of A- with a Positive Outlook to the New Jersey Transportation Trust Fund Authority Transportation Program Bonds, 2022 Series CC. KBRA additionally affirmed the long-term rating of A with a Positive Outlook for the State of New Jersey?s General Obligation Bonds.
Enviva Inc. (EVA) today announced that the Mississippi Business Finance Corporation, intends to issue its Exempt Facilities Revenue Bonds, Series 2022 in the aggregate principal amount of $100,000,000.
On November 7, KBRA assigned long-term rating of AA- to the Louisiana Local Government Environmental Facilities and Community Development Authority Insurance Assessment Revenue Bonds, Series 2022B. Click here to view the report.
KBRA assigns a long-term rating of AA- to the Pennsylvania Turnpike Commission Turnpike Revenue Bonds, Series B of 2022 and affirms the rating of AA- for parity Turnpike Revenue Bonds.
HAMILTON, Bermuda---- Assured Guaranty Ltd. (AGO) announced today its financial results for the three-month period ended September 30, 2022. ?Assured Guaranty (AGO) performed well during the third quarter of 2022. ?In U.S. public finance, we saw strong demand for Assured Guaranty?s secondary market bond insurance where we wrote more insured par than in any first nine-month period of the last decade.
On November 3, 2022, KBRA assigned long-term ratings of AA- to the Metropolitan Nashville Airport Authority Airport Improvement Revenue Bonds, Series 2022A and Airport Improvement Revenue Bonds, Series 2022B, and affirmed the AA- rating for parity debt and the A+ rating for subordinate debt. To access ratings and relevant documents, click here. Click here to view the report.
On November 1, 2022, KBRA assigned a long-term rating of AA- to the Metropolitan Pier and Exposition Authority McCormick Place Expansion Project Refunding Bonds, Series 2022B and affirmed the AA- rating for parity debt. To access ratings and relevant documents, click here. Click here to view the report.
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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