On February 3, 2023, KBRA assigned a long-term rating of AAA with a Stable Outlook to the Tarrant County Hospital District Limited Tax Bonds, Series 2023. To access ratings and relevant documents, click here. Click here to view the report.
On February 3, 2023, KBRA assigned a rating of AA+ to The Metropolitan Government of Nashville and Davidson County, TN General Obligation Improvement Bonds. To access ratings and relevant documents, click here. Click here to view the report.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0400 per share of common stock, payable on March 1, 2023 to shareholders of record at the close of business on February 17, 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.
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.
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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