This year, for closed - end funds, average year - to -
date net asset value results were negative, at — 17 %.
Not exact matches
We sell our units on a continuous basis at initial offering prices of $ 10.00 per Class A unit, $ 9.576 per Class C unit, and $ 9.186 per Class I unit; however, to the extent that our
net asset value on the most recent valuation
date increases above or decreases below our
net proceeds per unit as stated in the Company's prospectus, our board of managers will adjust the offering prices of all classes of units to ensure that no unit is sold at a price, after deduction of selling commissions, dealer manager fees and organization and offering expenses, that is above or below our
net asset value per unit as of such valuation
date.
The fund also distributes its
net asset value to shareholders in July of the year it reaches its end
date.
Furthermore, the fund is designed to distribute its
net asset value to shareholders in cash shortly after the fund's end
date.
The purchase price of each Share will be (i) not less than the
net asset value per Share (the «NAV Per Share») of the Company's common stock (as determined in good faith by the board of directors of the Company or a committee thereof, in its sole discretion) immediately prior to the Expiration
Date (as defined in the Offer to Purchase)(the date of repurchase) and (ii) not more than 2.5 % greater than the NAV Per Share as of such date, plus any unpaid dividends accrued through the expiration date of the Tender Of
Date (as defined in the Offer to Purchase)(the
date of repurchase) and (ii) not more than 2.5 % greater than the NAV Per Share as of such date, plus any unpaid dividends accrued through the expiration date of the Tender Of
date of repurchase) and (ii) not more than 2.5 % greater than the NAV Per Share as of such
date, plus any unpaid dividends accrued through the expiration date of the Tender Of
date, plus any unpaid dividends accrued through the expiration
date of the Tender Of
date of the Tender Offer.
The aggregate purchase price has been preliminarily allocated to the tangible and intangible
assets acquired and liabilities assumed based upon our assessment of their relative fair values as of the acquisition
date, with the excess of the purchase price over the fair value of the
net assets acquired recorded as goodwill, as follows:
Perhaps it is no surprise that this has left investors» paralyzed, with them opting to invest their 401 (k) s in target -
date funds, which experienced a record $ 69 billion in positive
net asset flows in 2015.
The Company utilized estimated fair values at the closing
date of the 2015 Merger for the preliminary allocation of consideration to the
net tangible and intangible
assets acquired and liabilities assumed.
Investors continued to redeem their hedge fund investments in November, pulling an estimated
net $ 2.2 billion in November and pushing total
net redemptions year - to -
date up to $ 83.1 billion, according to eVestment's latest
Asset Flows Report.
The purchase price has been allocated to the tangible and intangible
assets acquired and liabilities assumed based upon our assessment of their relative fair values as of the acquisition
date, with the excess of the purchase price over the fair value of the
net assets acquired recorded as goodwill, as follows:
The purchase price was allocated to the tangible and intangible
assets acquired and liabilities assumed based upon management's assessment of their relative fair values as of the acquisition
date with $ 33,612 attributed to goodwill, $ 10,800 to identified intangible
assets and $ 112 of
net liabilities assumed.
The aggregate purchase price has been allocated to the tangible and intangible
assets acquired and liabilities assumed based upon our assessment of their relative fair values as of the acquisition
date, with the excess of the purchase price over the fair value of the
net assets acquired recorded as goodwill, as follows:
BOSTON (March 12, 2018)-- MFS Investment Grade Municipal Trust (the «fund»)(NYSE: CXH) announced today that it will conduct a cash tender offer to purchase up to 7.5 percent of the fund's outstanding common shares (the «shares») at a price per share equal to 98 percent of the fund's
net asset value (NAV) per share as of the close of regular trading on the New York Stock Exchange (NYSE) on the
date the tender offer expires.
Net asset value (NAV) is value per share of a mutual fund or an exchange - traded fund (ETF) on a specific
date or time.
To
date, virtually all the discussion has been based on very aggregate concepts such as the
net interest margin, which is usually taken to mean banks»
net interest income divided by their interest - earning
assets.
Asset leaders like IEMG, VWO and the iShares MSCI Emerging Markets ETF (EEM) have seen more than $ 9.5 billion in combined
net creations year - to -
date; the smaller XSOE has attracted almost $ 80 million in
net assets under management (AUM), bringing it to $ 92.6 million in total AUM.
IVV is still holding onto the No. 1 spot as the most popular ETF of the year, attracting
net assets of more than $ 27 billion year - to -
date.
As of the
date of this letter, we expect each of the Oakmark funds will pay distributions that range from mid-to-high single digits when expressed as a percentage of the September 30, 2014
net asset value per share, except for Oakmark Select, which has an estimated distribution in the low double digits.
If any Shares remain outstanding after the
date of termination, the Trustee thereafter shall discontinue the registration of transfers of Shares, shall not make any distributions to Shareholders, and shall not give any further notices or perform any further acts under the Trust Agreement, except that the Trustee will continue to collect distributions pertaining to Trust
assets and hold the same uninvested and without liability for interest, pay the Trust's expenses and sell Bitcoins as necessary to meet those expenses and will continue to deliver Trust
assets, together with any distributions received with respect thereto and the
net proceeds of the sale of any other property, in exchange for Shares surrendered to the Trustee (after deducting or upon payment of, in each case, the fee to the Trustee for the surrender of Shares, any expenses for the account of the Shareholders in accordance with the terms and conditions of the Trust Agreement, and any applicable taxes or other governmental charges).
The convertible security issued by MediciNova as consideration would allow each Avigen stockholder at their election to either (i) convert each share of such convertible security into shares of MediciNova common stock at a conversion price of $ 4.00 per share at certain pre-specified accelerated conversion
dates or the Final Conversion
Date or (ii) have the convertible security redeemed by MediciNova on the Final Conversion
Date for cash in an amount per share which represents the
Net Cash
Assets per share of Avigen.
For this reason the ETF's
net asset value — and therefore its price — will drop by the amount of the distribution on the ex-dividend
date.
The remaining amount of Avigen cash after Avigen's wind - up activities are completed and less the $ 7 million in cash received by MediciNova (the «
Net Cash
Assets») will be sequestered and, unless converted earlier as described in the next sentence, not used until the later of March 31, 2010 or 12 months from the closing of the merger transaction (the «Final Conversion
Date»).
As bonds mature during the year leading up to the termination
date, the proceeds will be reinvested in cash and cash - equivalents and when the ETF terminates, it will make a cash distribution to unit holders equivalent to the ETF's
Net Asset Value.
The price of the unit of cash was $ 1 (e.g. one share of a typical money - market fund) and the price per share of the fund was equal to the actual
net asset value (NAV) of the fund on the transaction
date.
Here's how the
net asset value for both ETFs changed between the transaction
dates:
Year to
Date (YTD) returns are historical and are calculated by determining the percentage change in
net asset value (NAV) with all distributions reinvested.
Any shareholders remaining in the fund on the distribution
date will automatically have their shares redeemed for cash at the
net asset value as of the liquidation
date.
* As stated in the prospectus (pdf)
dated 5/1/2018 ** Pursuant to an operating expense limitation agreement between Heartland Advisors and Heartland Group, Inc., on behalf of the Fund, Heartland Advisors has agreed to waive its management fees and / or pay expenses of the Fund to ensure that the Fund's total annual fund operating expenses (excluding front - end or contingent deferred sales loads, taxes, leverage, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividends or interest expenses on short positions, acquired fund fees and expenses, or extraordinary expenses) do not exceed 1.25 % of the Fund's average daily
net assets for the Investor Class Shares and 0.99 % for the Institutional Class Shares through at least May 1, 2019, and subject to annual re-approval of the agreement by the Board of Directors, thereafter.
3As described in the Fund's current prospectus
dated May 1, 2009, Parnassus Investments has contractually agreed to limit the total operating expenses (exclusive of acquired fund fees and expenses) to 0.99 %, 0.99 %, 0.78 %, 1.20 %, 1.20 %, 1.20 % and 0.87 % of the
net assets of the Parnassus Fund, the Parnassus Equity Income Fund — Investor Shares, the Parnassus Equity Income Fund — Institutional Shares, the Parnassus Mid-Cap Fund, the Parnassus Small - Cap Fund, the Parnassus Workplace Fund, and the Parnassus Fixed - Income Fund, respectively until May 1, 2010.
aAs described in the Fund's current prospectus
dated May 1, 2018, Parnassus Investments has contractually agreed to reduce its investment advisory fee to the extent necessary to limit total operating expenses to 0.68 % of
net assets for the Parnassus Fixed Income Fund — Investor Shares.
Because distributions are paid out of a fund's
assets, on Friday, September 8, these funds» ex-dividend
date, shareholders of record will notice that the distribution was deducted from these funds»
net asset value (NAV), or share price.
The common stock is selling at prices that reflect at least a 20 % discount from readily ascertainable
Net Asset Value (NAV) as of the latest balance sheet
date.
«As of that
date, institutional prime money - market funds will be required to float their
net asset value, based on the market value of the underlying investments,» he warns.
1As described in the Fund's current prospectus
dated May 1, 2018, Parnassus Investments has contractually agreed to reduce its investment advisory fee to the extent necessary to limit total operating expenses to 0.99 % of
net assets for the Parnassus Mid Cap Fund — Investor Shares, 0.85 % of
net assets for the Parnassus Mid Cap Fund — Institutional Shares, 0.68 % of
net assets for the Parnassus Fixed Income Fund — Investor Shares and 0.58 % of
net assets for the Parnassus Fixed Income Fund — Institutional Shares.
Balance Sheet A financial statement that shows
assets, liabilities, and
net worth as of a specific
date.
The actual performance for this portfolio is presented «
net of fees» and reflects the deduction of the IB
Asset Management advisory fee, Interactive Brokers LLC brokerage and other commissions and expenses that a client has to pay if he invests in this portfolio after the launch
date.
Until the payout
date, dividends and capital gains awaiting distribution are included in a fund's daily
net asset value (NAV).
Net assets which had been a modest $ 1.9 billion at Don Phillips» kickoff
date in 1997, and had risen to $ 17 billion in 2000, are now about $ 8 billion.
If you inherited the shares, the cost basis is usually their fair market value (the «
net asset value») on the
date of death of the decedent.
Cash and
net other
assets, if any, represent the market value weights of cash and derivatives and may show a negative market value as a result of the timing of trade versus settlement
date transactions.
Net asset value reflects the realisable value that the investor will get for each unit if the scheme is liquidated on that
date.
At the end of each month, the Portfolio will distribute an amount equal to approximately one - twelfth of 4 % on Class T4 units, approximately one - twelfth of 6 % on Class T6 units, and approximately one - twelfth of 8 % on Class T8 units of the
net asset value per unit on the last day of the previous calendar year (or, if no units were outstanding at the end of the previous calendar year, the
date on which the units are first available for purchase in the current calendar year).
In a Feb. 29 letter to shareholders, F. William McNabb, III, Chairman and CEO of Vanguard - which as of that
date held more than $ 130 billion of the country's over $ 2 trillion in money market
assets - warned of the dangers of floating
net asset values.
Although still a relatively small portion of overall ETF
assets, at $ 360 billion as of June 2014, strategic beta ETFs garnered about $ 20 billion in
net inflows year - to -
date in 2014, according to the most recent data available from Morningstar.
aAs described in the Fund's current prospectus
dated May 1, 2018, Parnassus Investments has contractually agreed to reduce its investment advisory fee to the extent necessary to limit total operating expenses to 0.99 % of
net assets for the Parnassus Mid Cap Fund — Investor Shares.
Our
net tangible book value at March 31, 2012 was $ 0.24 per share and was determined by dividing our actual
net tangible book value (total book value of tangible
assets less total liabilities) on that
date, by the number of outstanding shares (1,249,446) on March 31, 2012.
We also entered the
net asset value (NAV) per share on the ex-dividend
date of each distribution.
The Fairholme Fund («Fairholme Fund»), The Fairholme Focused Income Fund («Income Fund»), and The Fairholme Allocation Fund («Allocation Fund»)(each a «Fund» and collectively, the «Funds») shares outstanding and unaudited
net asset value («NAV») at May 31, 2011, the end of the Funds» second fiscal quarter of 2011, and NAVs at other pertinent
dates, were as follows:
[NB: i) Church House's Argo stake is held by the Deep Value Investments Fund, managed by Jeroen Bos — if you haven't read it already, I can highly recommend his recent book «Deep Value Investing», ii) XXX Capital Management is a well - known European hedge fund, which hasn't publicly disclosed a holding in Argo to
date, hence the redaction — Argo management are obviously aware of their shareholding & support, and iii) the letter was based on a GBP 14p share price & a higher GBP / USD rate — at the current 13.875 p price and exchange rate, Argo now trades at a 36 % discount to
net cash and investments, and a 47 % discount to
net tangible
assets.]
As would be expected, the yields of these funds — interest and dividends after expenses divided by average
net asset value — increase as the target
date approaches maturity.