Sentences with phrase «many shareholders of the fund»

In particular, when other shareholders sell shares from a fund, a mutual fund company may ultimately have to sell some of the securities it holds and realize a capital gain which is allocated to all 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.

The closures will only impact new investors; existing shareholders of the Funds may continue to purchase additional shares.

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.

Shareholders of the Fund will bear their proportionate share of the ETF fees in addition to their fund fees.

Vanguard is effectively owned by the shareholders of its funds, and it benefits those shareholders by operating its funds at cost.

Shareholders of the Fund will indirectly be subject to the fees and expenses of the individual REITs in which the Fund invests.

Shareholders of a Fund generally would not be liable for income tax on a Fund's net investment income or net realized capital gains in their individual capacities.

Distributions are made to those who are registered shareholders of the fund on the record date.

Instead, redemption charges are paid (or should be — check to find out) to the shareholders of the fund.

The continuation of the fund's Advisory Agreement must be specifically approved at least annually (1) by the vote of the trustees or by a vote of the shareholders of the fund, and (2) by the vote of a majority of the trustees who are not parties to the investment advisory agreement or «interested persons» of any party (the «Independent Trustees»), cast in person at a meeting called for the purpose of voting on such approval.

After an initial two - year term, the continuation of a fund's Advisory Agreement must be specifically approved at least annually (1) by the vote of the trustees or by a vote of the shareholders of the fund, and (2) by the vote of a majority of the trustees who are not parties to the investment advisory agreement or «interested persons» of any party (the «Independent Trustees»), cast in person at a meeting called for the purpose of voting on such approval.

Shareholders controlling a fund could have the ability to vote a majority of the shares of the fund on any matter requiring the approval of shareholders of the fund.

The Plan enables the fund to bear expenses relating to the provision by financial intermediaries, including Schwab (together, service providers), of certain shareholder services to the current shareholders of the fund.

An early reference in filings comes in 1991, when Exxon tells shareholders of funding climate studies.

Not exact matches

On average, BofA pays just 0.04 % on each dollar of those funds; it's those «sticky,» incredibly cheap balances that attracts its biggest shareholder: Warren Buffett's Berkshire Hathaway.

MILAN, April 23 - A judge ruled in favor of an appeal by Telecom Italia and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed.

«A lot of M&A actually destroys value for shareholders, not adds value... acquisitions are quite risky, they can be distracting, they have to be integrated effectively,» Sue Noffke, fund manager at Schroders said.

Nedlands - based Advanced Share Registry has purchased 51 per cent of Perth start - up Private Company Platform, which is targeting unlisted companies with multiple shareholders, including those pursuing crowd - sourced funding.

Holding company liquidity is the total funds available at the holding company level to fund general corporate purposes, primarily the payment of shareholder dividends and debt service.

«Third Point believes that a separation of the Aerospace unit via a spin off transaction would result in a sustained increase in shareholder value in excess of $ 20 billion,» a letter from the fund said.

After witnessing a 95 % decline in the pharmaceutical company's share price amid a series of scandals, Valeant's board, led by former shareholder and hedge fund manager Bill Ackman, smartly tied Papa's compensation to a recovery in the stock price.

The comment is oddly elliptical and passive given that Pessina is a shareholder controlling 13 % of the company's stock, with allies KKR and activist fund JANA Partners holding sway over another 4.7 % and 1.1 %, respectively.

Einhorn, fund manager for Greenlight Capital, accused Apple of cash hoarding earlier last week and is encouraging shareholders to vote against Apple's proxy because he thinks proposition two will kill the option of Apple issuing preferred stock.

Otto Energy says the sale of its Galoc oil field assets in the Philippines to Singapore - based energy company Risco Energy Investments for $ 113.4 million will help fund exploration activities for two years and return capital to shareholders.

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.

Perth - based gold miner Millennium Minerals has negotiated $ 5 million in additional debt funding from its major shareholder IMC Group but the deal is dependent on Millennium's current bankers agreeing to reschedule debt repayments due at the end of this month.

The beverage giant taking harsh criticism from value fund Wintergreen Advisers, who sent letters to Coca - Cola shareholders, the Coca - Cola Board of Directors and Warren Buffett, detailing concerns with the company's proposed 2014 Equity Plan.

I explained that the massive fees levied by a variety of «helpers» would leave their clients - again in aggregate - worse off than if the amateurs simply invested in an unmanaged low - cost index fund,» he recapped, writing in Berkshire's annual shareholder letter.

Litigation funder IMF Bentham has announced it will fund a shareholder class action against former directors of collapsed miner Kagara, which went into administration in 2012.

Nevertheless, all three major shareholder advisory firms have recommended Michael Dell's offer, potentially influencing the decisions of a plethora of small mutual funds that typically follow their lead.

In his letter to shareholders, Buffett says if he had bought Berkshire's insurance business through his hedge fund, he and his investors would have captured all of the gains.

The National Association of Real Estate Investment Trusts («NAREIT») defines funds from operations («NAREIT FFO») as net income / (loss) attributable to common shareholders computed in accordance with generally accepted accounting principles in the United States («GAAP»), excluding gains or losses from sales of operating real estate assets and change in control of interests, plus (i) depreciation and amortization of operating properties and (ii) impairment of depreciable real estate and in substance real estate equity investments and (iii) after adjustments for unconsolidated partnerships and joint ventures calculated to reflect NAREIT FFO on the same basis.

U.S. chipmaker Qualcomm raised its offer to buy NXP Semiconductors to $ 127.50 per share on Tuesday, and said it has the backing of the shareholder group led by hedge fund Elliott Management that opposed its previous proposal.

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.

Think of it: Partnering with hundreds of unsophisticated small shareholders is a pretty inefficient way to fund a company.

GE said nine of the company's directors will stand for re-election including major shareholder Trian Fund Management's Edward Garden, who was appointed to GE's board in October.

«Goldilocks Investment Company Ltd has filed legal action today in light of the continuing refusal by Noble Group Ltd to recognize legitimate legal rights of Goldilocks as a shareholder of Noble,» the investment fund, which holds an 8.1 percent stake in Singapore - listed Noble said in a statement.

Branson controls 24.8 percent of the company, while hedge fund Cyrus Capital Partners is the biggest shareholder with a 32.8 percent stake.

Despite having share prices that move with market prices, these funds can give rise to first - mover advantages for redeeming shareholders and create the potential for destabilizing waves of redemptions and asset fire sales if liquidity buffers and other tools to manage liquidity risk prove insufficient.

The CPC then files to list on TSXV and must raise funds from a minimum of 200 shareholders who are investing in the capabilities of the CPC founders.

LONDON / FRANKFURT / MILAN, May 2 (Reuters)- U.S. hedge fund Elliott is stepping up its activities in Europe, a Reuters review of data shows, as it sees more opportunities to unlock value for shareholders by pushing through management changes, company break - ups and merger deals.

Since then, the index fund — a type of mutual fund pegged to a specific market index, like the S&P 500 — has been lauded as an investing tool by legendary investors such as Warren Buffett, who called Bogle a «hero» in his 2017 letter to Berkshire Hathaway shareholders.

LONDON / FRANKFURT / MILAN, May 2 - U.S. hedge fund Elliott is stepping up its activities in Europe, a Reuters review of data shows, as it sees more opportunities to unlock value for shareholders by pushing through management changes, company break - ups and merger deals.

Hedge fund Elliott has taken a stake of almost 3 percent in Sky, according to its latest filing, and other shareholders have also argued that Disney's agreement to buy Fox implies a higher value for Sky.

Buffett laid out evidence in his 2017 annual letter to Berkshire Hathaway shareholders that he's set to win the wager as none of the funds outperformed the index fund from 2008 through 2016.

He structured his new firm in a completely novel way — as a «mutual mutual fund,» or an investment company that would be owned by its member funds and operated wholly in the interest of its shareholders.

The legendary founder of the Vanguard Group sounds off on treating shareholders right, inflated CEO paychecks, and what the fund industry needs to do next.

Too often (95 % of the time) fund managers endorse the current board, they vote against other shareholders» proposals and they fail to introduce proposals of their own, Bogle says.