News Results

  1. KBRA Assigns AA+, Stable Outlook to State of Wisconsin COPs of 2022, Series A
    Business Wire | 01/11/22 01:56 PM EST

    KBRA assigns a long-term AA+ rating with a Stable Outlook to the State of Wisconsin?s Master Lease Certificates of Participation of 2022, Series A. Concurrently, KBRA affirms the long-term AA+ rating with a Stable Outlook on $62 million of outstanding COPs; the long-term AAA rating with a Stable Outlook on outstanding General Obligation bonds; and the short-term K1+ rating on the G.O. Commercia...

  2. Gilmore Bell Announces New Director and Shareholder
    Business Wire | 01/06/22 05:00 AM EST

    Gilmore & Bell, P.C., a leading public finance law firm, is pleased to announce that Jacob B. Carlton has been named director in the Salt Lake City office. Mr. Carlton assists clients with municipal finance matters, focusing on tax-exempt private activity bonds including housing and 501 bonds.

  3. KBRA Assigns BBB Rating With Stable Outlook to Unlimited Tax GO Bonds (Dedicated Revenues), Series 2022A and 2022B Issued by the Board of Education of the City of Chicago; Upgrades Outstanding GO Bonds
    Business Wire | 01/05/22 06:08 PM EST

    KBRA assigns a long-term rating of BBB with a Stable Outlook to the Board?s Unlimited Tax General Obligation Bonds, Series 2022A and Unlimited Tax General Obligation Refunding Bonds, Series 2022B. Concurrently, KBRA upgrades the long-term ratings on the Board of Education of the City of Chicago?s outstanding General Obligation bonds.

  4. BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Distribution
    Business Wire | 01/04/22 05:15 PM EST

    BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0530 per share of common stock, payable on February 1, 2022 to shareholders of record at the close of business on January 20, 2022. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.

  5. Preston Hollow Capital Completes Bond Purchase Relating to Miami-Dade County Infrastructure Project
    Business Wire | 12/31/21 09:00 AM EST

    Dallas-based Preston Hollow Capital, an independent specialty municipal finance company that supports local communities through social impact financing, announced the completion of a $10.85 million purchase of special assessment revenue bonds relating to the Ojus Sanitary Sewer Special Benefit Area, located in Miami-Dade County, Florida.

  6. BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
    Business Wire | 12/30/21 04:10 PM EST

    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.

  7. Putnam Announces Dividend Rates for Open-End Funds
    Business Wire | 12/29/21 04:20 PM EST

    The Trustees of The Putnam Funds declare the following distributions today. 19 NOTICE Putnam Short Duration Bond Fund As of December 16, 2021, the fund had net realized and unrealized losses of $0.072 per share, of which $0.068 represents unrealized depreciation of portfolio securities.

  8. IndexIQ Launches IQ MacKay California Municipal Intermediate ETF
    Business Wire | 12/21/21 09:00 AM EST

    Actively managed fund designed to provide targeted exposure to California munis IndexIQ, a leading provider of innovative investment solutions, today announced the launch of the IQ MacKay California Municipal Intermediate ETF, the latest addition to the firm's fast-growing suite of municipal bond ETF offerings.

  9. KBRA Assigns BBB Rating to Preston Hollow Capital, LLC
    Business Wire | 12/15/21 02:23 PM EST

    Kroll Bond Rating Agency assigns a BBB issuer rating to Preston Hollow Capital, LLC, a private investment company founded in 2014 and headquartered in Dallas Texas, specializing in direct and secondary market investments in municipal securities. This press release features multimedia.

  10. ICE Expands Climate Change and Alternative Data Capabilities With Acquisitions of risQ and Level 11 Analytics
    Business Wire | 12/09/21 08:00 AM EST

    Leverages sophisticated geospatial data technologies for innovative services in the municipal bond, mortgage-backed security and real estate markets Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology and market infrastructure, today announced the acquisitions of risQ and Level 11 Analytics, which deploy sophisticated, data-driven technologies for managing climate cha...

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.