News Results

  1. KBRA Assigns Rating to BGC Group, Inc.'s Senior Unsecured Notes Issue
    Business Wire | 05:32 PM EDT

    KBRA assigns a rating of BBB to the senior unsecured notes issued by BGC Group, Inc. (BGC), a diversified holding company and market leader specializing in global wholesale brokerage, complemented with a growing financial technology platform that offers an array of products and services to various types of clients, including governments, corporations, and financial institutions, including banks, brok...

  2. Nuveen Municipal Income Fund, Inc. Announces Update to Investment Policies
    Business Wire | 04:15 PM EDT

    The Board of Trustees of Nuveen Municipal Income Fund, Inc. (NMI) has approved certain investment policy changes for the fund. The policy changes grant the fund more flexibility to invest in lower rated municipal securities.

  3. AM Best Downgrades Credit Ratings of Dover Bay Specialty Insurance Company
    Business Wire | 03:19 PM EDT

    AM Best has downgraded the Financial Strength Rating to B++ from A and the Long-Term Issuer Credit Rating to ?bbb+? from ?a? of Dover Bay Specialty Insurance Company. The Credit Ratings of Dover Bay reflect its balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate ERM.

  4. SEC, MSRB, FINRA to Hold Virtual Compliance Outreach Program
    Business Wire | 01:30 PM EDT

    The Securities and Exchange Commission, Municipal Securities Rulemaking Board, and Financial Industry Regulatory Authority today announced that registration is open for a virtual Compliance Outreach Program for municipal market professionals.

  5. AM Best Downgrades Credit Ratings of Wolverine Mutual Insurance Company
    Business Wire | 09:06 AM EDT

    AM Best has downgraded the Financial Strength Rating to B- from B++ and the Long-Term Issuer Credit Rating to ?bb-? from ?bbb? of Wolverine Mutual Insurance Company. These ratings reflect Wolverine?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.

  6. AM Best Affirms Credit Ratings of Ascot Group Limited?s Core Operating Subsidiaries
    Business Wire | 09/28/23 05:24 PM EDT

    AM Best has affirmed the Financial Strength Ratings of A and the Long-Term Issuer Credit Ratings of ?a+? of Ascot Bermuda Limited, as well as certain members of the Ascot Insurance U.S. Group..

  7. EverGen Infrastructure Announces 10-Year Organic Waste Processing Agreement with the City of Regina and $7 Million Senior Term Loan with Business Development Bank of Canada
    Business Wire | 09/28/23 05:05 PM EDT

    VANCOUVER, British Columbia---- EverGen Infrastructure Corp. (EVGIF) is pleased to announce it has entered a 10-year agreement with the City of Regina to process all of the organic waste collected pursuant to its Food and Yard Waste program. "We are thrilled to complete this agreement with the City of Regina and to have the support of BDC on our latest project.

  8. The Federal Home Loan Bank of Dallas and Members Award More Than $160K to 13 Louisiana Community Organizations
    Business Wire | 09/28/23 04:19 PM EDT

    FHLB Dallas? Partnership Grant Program Provides 3:1 Match of Members? Donations. Louisiana community-based organizations received $160,250 from the Federal Home Loan Bank of Dallas and 14 member institutions.

  9. BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
    Business Wire | 09/28/23 04:15 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.

  10. The Federal Home Loan Bank of Dallas and Members Award $184K to 13 Texas Community Organizations
    Business Wire | 09/28/23 04:04 PM EDT

    FHLB Dallas? Partnership Grant Program Provides 3:1 Match of Members? Donations. Texas community-based organizations received $184,000 from the Federal Home Loan Bank of Dallas and nine member institutions.

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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