As portfolio managers and
large shareholders of the Fund, we're not satisfied with losses, but we remain confident in our time - tested philosophy, investment process and research team.
The Board approved the recommendation of MFS, the Fund's investment adviser, to authorize the Initial Tender Offer and the Conditional Tender Offer (together, the «Tender Offers») as part of an agreement with
a large shareholder of the Fund that agreed to withdraw a shareholder proposal for the Board to consider a tender offer for all of the Fund's outstanding common shares at or close to NAV.
Not exact matches
VDM Group has finalised terms for an $ 18 million loan facility with its
largest shareholder to
fund an investment in a copper project located in the Republic
of Angola.
Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate
of hedge
fund Standard General, its lender and
largest shareholder.
As for the problem
of redemptions, there were, as had been feared, a
large number
of mutual -
fund shareholders who demanded millions
of dollars
of their money in cash when the market crashed, but apparently the mutual
funds had so much cash on hand that in most cases they could pay off their
shareholders without selling substantial amounts
of stock.
Camber Capital Management, a hedge
fund with an activist history, has purchased 5.7 million shares
of Tenet Healthcare Corp., or a 5.7 % stake in the money - losing hospital chain.The emergence
of Camber was disclosed Monday, just three days after Tenet's
largest shareholder, Glenview Capital Management, resigned two Tenet board seats, citing irreconcilable differences with management and the board.Glenview Capital, which owns an 18 % stake in Tenet, gave notice Friday that it would no longer participate in a stand - still agreement that had prevented it from launching a proxy fight for control
of the company.Tenet investors welcomed the Camber disclosure Monday, driving up Tenet's stock price to $ 2.18, or 15 %, to $ 16.63 as
of 12:30 p.m. ET.Tenet is the nation's third -
largest investor - owned
«That was an opportunistic move, a very clever tactic,» said Mario Gabelli, whose Gabelli
funds make up the second -
largest voting
shareholder of Viacom and CBS, behind the Redstones.
Jana — an $ 8.5 billion hedge
fund behind some
of the most high - profile recent corporate shake - ups — announced it was the second -
largest shareholder in Whole Foods and blasted everything from the financial nuts and bolts to the scheduling
of employees and even the behavior
of top executives.
(Reuters)- Electronics retailer RadioShack Corp RSHC.PK filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate
of hedge
fund Standard General, its lender and
largest shareholder.
The report's prime focus is
shareholder votes on these pay packages, particularly the votes
of large financial managers, mutual
funds, and pension
funds.
That opportunity is to attract or retain the business
of public pension
funds and union related
funds (which control approximately $ 3 trillion in assets), the institutional leaders in the
shareholder empowerment movement, which are shifting their portfolios away from high cost, actively managed mutual
funds and hedge
funds to low cost indexed
funds, the kind
of funds that the top 10
largest mutual
fund advisors dominate in terms
of market share.
Now undergoing Chapter 11 reorganization, RadioShack will sell as many as 2,400 stores to General Wireless, a subsidiary
of its
largest shareholder, hedge
fund Standard General.
Michael Sabia told Reuters that the Quebec pension
fund, which owns high - end office buildings in London and is the third -
largest shareholder of Heathrow Airport, is holding off on making more major real estate investments in the U.K. capital.
Michael Cuggino, president and portfolio manager at San Francisco - based Permanent Portfolio
of Family Of Funds, which is the fifth largest voting shareholder in Viacom and CBS, applauded Dauman's appointment, and was willing to give him time to improve the company's performanc
of Family
Of Funds, which is the fifth largest voting shareholder in Viacom and CBS, applauded Dauman's appointment, and was willing to give him time to improve the company's performanc
Of Funds, which is the fifth
largest voting
shareholder in Viacom and CBS, applauded Dauman's appointment, and was willing to give him time to improve the company's performance.
A2 plans to offer 40 million shares at NZ50 cents a share, a discount to the market price
of NZ68 cents, while its three
largest shareholders — Freedom, Mountain Road Investments and EGI -
Fund investors — have agreed to sell up to 140 million shares, increasing liquidity in the company.
As a result
of the agreement, the
Fund withdrew the
shareholder proposal it had filed for consideration at Goodyear's annual stockholders» meeting, as well as with Nisource, which is one
of the
largest natural gas and electric utility companies in the United States.
Just remember that Tesla chairman Elon Musk was the co-founder
of online payments company PayPal — and its
largest shareholder before it was sold to eBay for $ 1.5 bn — so
funds at Tesla aren't exactly short...
Limited is aiming to use its huge billion dollar cash pile for
funding the growth
of the company which includes acquisitions, which is the tech giant's investor relations main person stated, as more and more
shareholders are clamoring for
larger dividends.
The
shareholders of Hennessy Cornerstone
Large Growth
Fund, the Hennessy Cornerstone Value
Fund, and the Hennessy
Large Value
Fund bravely voted to screw themselves by adding 12 (b) 1 fees to their
funds, beginning on November 1, 2015.
Mr. Deysher has in excess
of $ 1,000,000 in the
fund, making him the
fund's
largest shareholder.
A mechanism for pooling money from many investors to purchase for the joint benefit
of the mutual
fund's
shareholders a usually
large number
of stocks, bonds, or other financial instruments.
As required by law,
funds that have net gains from the sale
of securities or earn dividends and interest from securities they hold must pass the
largest possible portion
of those earnings on to its
shareholders or those gains will be subject to corporate income taxes and excise taxes.
A
large - scale redemption by another feeder
fund may increase the proportionate share of the costs of the Master Portfolio borne by the remaining feeder fund shareholders, including the F
fund may increase the proportionate share
of the costs
of the Master Portfolio borne by the remaining feeder
fund shareholders, including the F
fund shareholders, including the
FundFund.
Eventually, holding a
large portfolio
of concentrated, lower - quality companies as the crisis hit, the performance fell apart, and many
shareholders of the
fund liquidated, exacerbating the losses
of the
fund, and their selling pushed the prices
of their stocks down, leading to more
shareholder selling.
The Growth
Fund shareholders get a major win out of the deal, since they're joining a far stronger, larger, cheaper f
Fund shareholders get a major win out
of the deal, since they're joining a far stronger,
larger, cheaper
fundfund.
«I want to thank the
shareholders of the Rainier
Large Cap Equity and Rainier Mid Cap Equity
Funds for placing their confidence in us and welcome them into the Hennessy family of funds,» said Neil Hennessy, Chairman, CEO and President of Hennessy Advisors, Inc. and President and Chief Investment Officer of Hennessy F
Funds for placing their confidence in us and welcome them into the Hennessy family
of funds,» said Neil Hennessy, Chairman, CEO and President of Hennessy Advisors, Inc. and President and Chief Investment Officer of Hennessy F
funds,» said Neil Hennessy, Chairman, CEO and President
of Hennessy Advisors, Inc. and President and Chief Investment Officer
of Hennessy
FundsFunds.
If these corporate
funds are invested for a sufficiently long period
of time,
shareholders may end up with a higher after - tax amount than if income was earned directly by the individual
shareholder and invested in the
shareholder's hands, due to the
larger amount
of starting capital to invest.
A congressionally chartered,
shareholder - owned company (otherwise called a «government - sponsored enterprise» or «GSE») that is the nation's
largest supplier
of home mortgage
funds.
Sequoia held 12,803,392 shares
of Valeant or 19.31 %
of its assets at the end
of last year, making it one
of Valeant's
largest shareholders among mutual
fund companies, according to Morningstar.
Because the
fund owns a
large number
of bonds, if a few issuers
of the
fund's bonds don't fulfill the bond's promise to pay, you and the other mutual
fund shareholders don't lose much.
In the event the
Fund realizes net capital gains from such transactions, its
shareholders may receive a
larger capital gain distribution, if any, than they would in the absence
of such transactions.
So
larger fund families are prone to all short
of shenanigans (like American
Funds being extremely over-bloated), that are not in the interests
of the mutual
fund shareholder.
So
larger fund families are prone to all sorts
of shenanigans (like American
Funds being extremely over-bloated), that are not in the interests
of the mutual
fund shareholder.
As a result, such restrictions may limit a
fund's ability to meet a
large number
of shareholder redemption requests.
As a result, such restrictions may limit the
fund's ability to meet a
large number
of shareholder redemption requests.
«FirstEnergy, one
of the country's
largest electric companies, has agreed to work toward reducing its carbon emissions in response to pressure from
shareholders including New York State and Connecticut pension
funds, New York Comptroller Thomas P. DiNapoli said on Tuesday.»
Litigation
funder Bentham Europe has selected Quinn Emanuel Urquhart & Sullivan as its adviser on a claim by some
of Volkswagen's
largest shareholders against the company in Germany over the emissions rigging scandal the car maker has been embroiled in.
Also, with a very different regime in the UK compared to the US, the cost
of bringing
large group actions can be prohibitive here and
funding can and has made the difference between
shareholders being able to seek redress through the courts and getting access to justice.
One
of the nation's
largest pension
funds, it was a lead filer
of a
shareholder proposal in December that urges Facebook to establish better policies for addressing election interference and hate speech, and to provide
shareholders with reports «reviewing the efficacy
of its enforcement
of its terms
of service related to content policies.»
Faraday Future never secured any major
funding from other sources mainly because YT — the company's
largest shareholder — didn't want to relinquish his tight grip over the company, a number
of former employees have told The Verge.
Soros
Fund Management held 2,472,188 shares in Overstock at the end
of the fourth quarter
of 2017, making it the third -
largest shareholder.
In the fourth quarter
of 2017, the
fund acquired a stake in Overstock.com, becoming the third -
largest shareholder of this online retailer.
This has attracted a diverse
shareholder base, including the likes
of Africa's
largest pension
fund, the Public Investment Corporation (PIC), who currently holds 25.87 %
of the company.
Fannie Mae A congressionally chartered,
shareholder - owned company that is the nation's
largest supplier
of home mortgage
funds.