Eaton Vance Municipal Bond Fund (EIM) announced today the final results of the Fund?s cash tender offer for the following amount of its outstanding common shares. The final results of the Tender Offer based on a count by Equiniti Trust Company, LLC, the depositary for the Tender Offer, are provided in the table below.
Eaton Vance Municipal Bond Fund (EIM) announced today the preliminary results of the Fund?s cash tender offer for up to 5% of its outstanding common shares that expired at 5:00 p.m. Eastern Time on January 10, 2025.
KBRA assigns a long-term rating of AAA to the Dallas Independent School District, TX: Multi-Modal Unlimited Tax School Building Bonds, Series 2025A; Unlimited Tax School Building and Refunding Bonds, Series 2025B; and, Unlimited Tax Refunding Bonds, Series 2025C.
MacKay Municipal Managers?, the municipal bond team of specialty fixed income manager MacKay Shields, today lays out its investment view that the market?s traditional, compelling attributes have returned, and participants should capitalize on the opportunity.
Eaton Vance Municipal Bond Fund (EIM) announced today the extension of the Fund?s cash tender offer for up to 5% of its outstanding common shares at a price per share equal to 98% of its net asset value per share, determined as of the close of regular trading on the New York Stock Exchange on the day the Tender Offer expires.
Gilmore & Bell, P.C., a leading public finance law firm, is pleased to announce that Laura Connor and Megan Miller have been named shareholders in the Kansas City office. Ms. Connor practices in the field of real estate law, including real estate finance, leasing and construction. Ms. Miller serves as bond counsel to cities, counties, school districts and other municipal borrowers.
KBRA assigns a long-term rating of AA+ to the Department of Water and Power of the City of Los Angeles Water System Revenue Bonds, and affirms the AA+ rating on outstanding parity Water System Revenue Bonds. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
Record 4Q24 Total Trading ADV, Up 38% With Record Municipal Bond ADV and Record Total Rates ADV MarketAxess Holdings Inc. (MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million for December 2024 and the fourth quarter ended December 31, 2024.1 Chris Concannon, CEO of MarketAxess (MKTX), co...
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on February 3, 2025 to shareholders of record at the close of business on January 21, 2025. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
The following Eaton Vance closed-end funds announced distributions today as detailed below. Municipal Bond Funds: Taxable Funds: Declaration ? 1/2/2025. Municipal Bond Funds: Taxable Funds: Funds Making Distributions Under a Managed Distribution Plan*: * These Funds make distributions in accordance with a managed distribution plan.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced its monthly dividend distribution of $0.06 per common share for the month of January 2025. Portfolio and municipal market commentary will be published on or around January 2, 2025 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 AA to the Triborough Bridge and Tunnel Authority Real Estate Transfer Tax Revenue Bonds, Series 2025A. 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.
Rockefeller Asset Management, the asset management division of Rockefeller Capital Management, today announced the launch of the Rockefeller Municipal Opportunities Fund, an unlisted closed-end interval fund. RKMIX aims to provide investors with exposure to high yield and high-grade municipal bonds, with the goal of delivering high tax-exempt income.
KBRA assigns a long-term rating of AA+ to the Massachusetts Bay Transportation Authority Subordinated Sales Tax Bonds 2024 Series A Widett Circle Preservation of Right-of-Way and Site Preparation Project. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
Eaton Vance Municipal Bond Fund (EIM) announced today the commencement of a cash tender offer for up to 5% of its outstanding common shares at a price per share equal to 98% of its net asset value per share, determined as of the close of regular trading on the New York Stock Exchange on the day the Tender Offer expires.
KBRA assigns a long-term rating of AAA to the Dormitory Authority of the State of New York State Sales Tax Revenue Bonds, Series 2024B-1, Series 2024B-2, and Series 2024C. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
CP+? real-time pricing now available on the fastest growing electronic muni marketplace MarketAxess Holdings Inc. (MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced that CP+, the AI-powered, algorithmic pricing engine for global credit and rates markets, will now also cover municipal bonds.
KBRA assigns a short-term rating of K1+ to Cobb County School District, Georgia's Short-Term Construction Notes, Series 2025, due December 15, 2025. Additionally, KBRA affirms the short-term rating of K1+ on the District's Short-Term Construction Notes, Series 2024 due December 15, 2024, and the long-term rating of AAA with a Stable Outlook for the District's Implied General Obligation Credit.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on January 2, 2025 to shareholders of record at the close of business on December 18, 2024. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Bondholders of the Puerto Rico Electric Power Authority, including GoldenTree Asset Management, LP, Assured Guaranty Inc., and National Public Finance Guarantee Corporation, today issued the following statement: ?On November 13, the United States Court of Appeals for the First Circuit confirmed its June 12 ruling that PREPA?s $8 billion plus of revenue bonds are secured by a properly perfected ...
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.
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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