Sentences with phrase «large shareholders of the fund»

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 performancof 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 performancOf 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 Ffund may increase the proportionate share of the costs of the Master Portfolio borne by the remaining feeder fund shareholders, including the Ffund 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 fFund 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 FFunds 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 Ffunds,» 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.