Digital50.com Category: Mutual Funds

Mark & Associates, P.C. & Burke, Harvey & Frankowski, LLC File FINRA Arbitration on Behalf of Morgan Keegan Bond Fund Investor

Fri, 16 May 2008 21:42:00 0500

UNIONDALE, N.Y., May 16 PRNewswire — Mark & Associates, P.C. (www.youhaverights.com) and Burke, Harvey & Frankowski, LLC announce that they have filed an arbitration request with the...

Alliance California Municipal Income Fund Releases Monthly Portfolio Update

Fri, 16 May 2008 16:06:00 0500

NEW YORK, May 16 PRNewswire-FirstCall — Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of April 30, 2008.

Alliance California Municipal Income...

ACM Managed Dollar Income Fund Releases Monthly Portfolio Update

Fri, 16 May 2008 16:06:00 0500

NEW YORK, May 16 PRNewswire-FirstCall — ACM Managed Dollar Income Fund, Inc. (NYSE: ADF) (the "Fund") today released its monthly portfolio update as of April 30, 2008.

ACM Managed Dollar Income Fund, Inc. Top 10...

Federal Home Loan Bank of Boston Declares Dividend

Fri, 16 May 2008 14:27:00 0500

BOSTON, May 16 PRNewswire — The board of directors of the Federal Home Loan Bank of Boston declared a second quarter dividend rate with an equivalent annual yield of 4.0 percent. The dividend, based on average stock outstanding...

Cohen & Steers Arranging New Financing to Redeem Auction Market Preferred Securities

Fri, 16 May 2008 13:44:00 0500

NEW YORK, May 16 PRNewswire-FirstCall — Cohen & Steers announced today that it has reached an agreement with a financial institution on the terms of a $300 million credit facility that will allow one of its closed-end funds to...

Aberdeen Asia-Pacific Income Fund, Inc. Announces Payment of Monthly Distribution

Fri, 16 May 2008 10:13:00 0500

PHILADELPHIA, May 16 PRNewswire-FirstCall — Aberdeen Asia-Pacific Income Fund, Inc. (Amex: FAX) (the "Fund"), a closed-end bond fund, today announced that it paid on May 16, 2008, a monthly distribution of US 3.5 cents

KKR Announces Plans for Investments in Global Infrastructure Assets

Fri, 16 May 2008 07:30:00 0500

NEW YORK, May 16 PRNewswire — Kohlberg Kravis Roberts & Co. today announced plans to begin a new initiative to invest in infrastructure assets on a global basis, to be led by George Bilicic, who is joining the firm as a...

Calamos Announces Auction Rate Preferred Refinancing for Calamos Convertible Opportunities and Income Fund (NYSE: CHI) and Calamos Convertible and High Income Fund (NYSE: CHY)

Thu, 15 May 2008 18:02:00 0500

NAPERVILLE, Ill., May 15 PRNewswire-FirstCall — Calamos Investments announced today that two of its closed-end funds, the Calamos Convertible Opportunities and Income Fund (NYSE: CHI) and the Calamos Convertible and High Income Fund (NYSE: CHY...

Month-End Portfolio Data Now Available for Federated Investors' Closed-End Municipal Funds

Thu, 15 May 2008 12:53:00 0500

PITTSBURGH, May 15 PRNewswire-FirstCall — Federated Investors, Inc. today announced that monthly fund composition and performance data for Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income...

ING International High Dividend Equity Income Fund Declares Monthly Distribution

Thu, 15 May 2008 11:29:00 0500

SCOTTSDALE, Ariz., May 15 PRNewswire-FirstCall — ING International High Dividend Equity Income Fund (NYSE: IID), a closed-end management investment company, today declared its monthly distribution of $0.163 per share. The...

ING Global Equity Dividend and Premium Opportunity Fund Declares Monthly Distribution

Thu, 15 May 2008 11:28:00 0500

SCOTTSDALE, Ariz., May 15 PRNewswire-FirstCall — ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD), a closed-end management investment company, today declared a distribution of $0.156 per share. The distribution...

Freddie Mac Chief Financial Officer Buddy Piszel to Address Lehman Brothers Conference

Thu, 15 May 2008 10:00:00 0500

MCLEAN, Va., May 15 PRNewswire-FirstCall — Freddie Mac (NYSE: FRE) Executive Vice President and Chief Financial Officer Buddy Piszel will address the Lehman Brothers 11th Annual Financial Services Conference in...

SEI Issues 'War For Talent' White Paper to Bank Wealth Managers

Thu, 15 May 2008 08:57:00 0500

OAKS, Pa., May 15 PRNewswire-FirstCall — SEI (Nasdaq: SEIC) announced today that it has released a new report entitled War For Talent: An Innovative Approach To Confronting The Human Resource Challenge. The report is the latest in a series from SEI...

SkyBridge Capital Announces Strategic Relationship With Australia's Challenger Financial Services Group

Thu, 15 May 2008 08:42:00 0500

NEW YORK, May 15 PRNewswire — SkyBridge Capital, which provides strategic capital to new and early-stage hedge funds, and Challenger Financial Services Group Limited (ASX: CGF), a leading Australian financial services company, today jointly...

Fortex Passes $5 Billion in Daily FX Trading

Thu, 15 May 2008 08:39:00 0500

REDWOOD SHORES, Calif., May 15 PRNewswire — Fortex, Inc., the leading provider of independent, real-time multi-asset trading platforms, today announced that daily currency trading on its Fortex FX trading platform exceeded $5 billion in March. In spite...

European Capital and American Capital Jointly Invest $85 Million in the Qioptiq Group

Thu, 15 May 2008 07:53:00 0500

ST. PETER PORT, Guernsey, May 15 PRNewswire-FirstCall — European Capital Limited (LSE: ECAS) ("European Capital"), announced today that it has invested $57 million in the Qioptiq Group, a leading designer, developer and manufacturer of high-precision...

Bankrate: Fixed Mortgage Rates Inch Higher

Thu, 15 May 2008 07:30:00 0500

NEW YORK, May 15 PRNewswire-FirstCall — Fixed mortgage rates were modestly higher this week, with the average conforming 30-year fixed mortgage rate rising to 6.19 percent. According to Bankrate.com's weekly national survey of large lenders, the...

DotCom Marketing Launches New Website for Ariel Investments

Thu, 15 May 2008 07:00:00 0500

CHICAGO, May 15 PRNewswire — DotCom Marketing, Inc. announced today the launch of Ariel Investments new corporate website. After several months of research and development the site was officially launched Wednesday, April 30, 2008

F.N.B. Corporation Declares Dividend for the Second Quarter of 2008 and Holds Annual Meeting

Wed, 14 May 2008 16:01:00 0500

HERMITAGE, Pa., May 14 PRNewswire-FirstCall — F.N.B. Corporation (NYSE: FNB), a diversified financial services company, today announced that its Board of Directors declared a quarterly cash dividend on the Corporation's common stock of 24...

Jesup & Lamont, Inc. to Announce Conference Call and First Quarter Results

Wed, 14 May 2008 13:36:00 0500

LONGWOOD, Fla., May 14 PRNewswire-FirstCall — Jesup & Lamont, Inc. (Amex: JLI) will issue its financial results for the first quarter ended March 31, 2008 on May 15, 2008. Jesup will hold a conference call to...

New York Life Retirement Plan Services Appoints Bill Kline Vice President of Sales in Southeast U.S.

Wed, 14 May 2008 10:47:00 0500

WESTWOOD, Mass., May 14 PRNewswire-FirstCall — New York Life Retirement Plan Services, a division of New York Life Investment Management LLC, announced the appointment of William (Bill) R. Kline as vice president of sales for the...

European Capital Announces euro 30 Million Share Repurchase Plan

Wed, 14 May 2008 09:50:00 0500

ST. PETER PORT, Guernsey, May 14 PRNewswire-FirstCall — European Capital Limited ("European Capital") (LSE: ECAS) announced today that its Board of Directors has approved a share repurchase plan.

Under this plan, European Capital may repurchase up to...

Eaton Vance Corp. Second Quarter Earnings Conference Call Notification

Wed, 14 May 2008 09:32:00 0500

BOSTON, May 14 PRNewswire-FirstCall — Eaton Vance Corp. (NYSE: EV) will host a conference call at 11:00 AM EDT on Wednesday, May 21, 2008 to discuss financial results for the quarter ended April 30...

SEI White Paper: Collective Trust Product a 'Must' for Asset Managers in 401(K) Market

Wed, 14 May 2008 09:11:00 0500

OAKS, Pa., May 14 PRNewswire-FirstCall — Collective investment trusts (CITs) are rapidly penetrating the defined-contribution retirement market and represent a "major business opportunity" for asset managers who can meet the requirements of this...

New Study: Americans Say Recession, Declining Stocks and Soft Home Values Less Financially Disastrous Than Death of Spouse

Wed, 14 May 2008 09:00:00 0500

WINDSOR, Conn., May 14 PRNewswire-FirstCall — While current headlines and political rhetoric focus on the public's fears of broad financial challenges such as economic recession and Social Security going broke, Americans in every demographic...

Castle Convertible Fund, Inc. Announces Proposed Reorganization

Tue, 13 May 2008 17:19:00 0500

NEW YORK, May 13 PRNewswire — Castle Convertible Fund, Inc. (Amex: CVF) today announced the approval by the fund's Board of Directors of a plan to reorganize the closed-end fund into a newly formed open-end mutual fund that pursues the same...

Dow Jones Insight -- 2008 Presidential Election Media Pulse: 'Once-imposing lead' and 'Big problem' Shadow Clinton in the Media as Candidates Tackle Global Issues

Tue, 13 May 2008 16:17:00 0500

NEW YORK, May 13 PRNewswire — Results from the Dow Jones Insight — 2008 Presidential Election Media Pulse show that with only six primaries left following the split for Hillary Clinton and Barack Obama in...

European Capital Declares euro 0.15 Q2 2008 Dividend, Reports euro 0.24 NOI and euro 0.32 Realised Earnings In Q1 2008

Tue, 13 May 2008 15:17:00 0500

ST. PETER PORT, Guernsey, May 13 PRNewswire-FirstCall — European Capital Limited ("European Capital") (LSE: ECAS) announced today its second quarter 2008 dividend and its results for the first quarter of 2008.

SECOND QUARTER 2008 DIVIDEND...

T. Rowe Price to Vote for Two Dissident Nominees at Insituform 2008 Annual Meeting

Tue, 13 May 2008 14:47:00 0500

BALTIMORE, May 13 PRNewswire-FirstCall — T. Rowe Price Associates, Inc., the largest shareholder of Insituform Technologies, Inc., (Nasdaq: INSU) announced today that, on behalf of the T. Rowe Price funds and certain of its advisory clients, it...

/C O R R E C T I O N -- Alpine Woods Capital Investors, LLC/

Tue, 13 May 2008 09:15:00 0500

In the news release, Alpine Total Dynamic Dividend Fund (NYSE: AOD) Announces Its Next Three Monthly Dividend Payments at the Current $0.18 Per Share, issued earlier today by Alpine Woods Capital Investors, LLC over PR Newswire, we are advised by a representative of the company...

Alpine Global Premier Properties Fund Announces its Next Three Monthly Dividend Payments at the Current $0.1267 Per Share

Tue, 13 May 2008 09:15:00 0500

WESTCHESTER, N.Y., May 13 PRNewswire-FirstCall — The Board of Trustees of the Alpine Global Premier Properties Fund (NYSE: AWP) today announced the fund's next three monthly dividend payments at the current $0.1267 per share, or...

Big Sur Capital Management Opens Its Doors, Offering New Hope for Financial Investors

Tue, 13 May 2008 08:20:00 0500

SAN JOSE, Calif., May 13 PRNewswire — The art of investing is sophisticated and complex. So when economic times get tough, people who have built a healthy financial portfolio need to know they can trust their investment advisor to manage their...

Dow Jones Launches New Database Tracking the World of Private Equity Deals & Dealmakers

Tue, 13 May 2008 08:15:00 0500

NEW YORK, May 13 PRNewswire — Dow Jones Financial Information Services, the leading provider of specialized data, news and events for the financial, corporate and emerging markets, today announced the launch of Private Equity Source (

Global Infrastructure Partners Announces Close of US$5.64 Billion First Fund

Mon, 12 May 2008 00:30:00 0500

NEW YORK, LONDON and HONG KONG, May 12 PRNewswire — Global Infrastructure Partners ("GIP"), an independent fund that invests in infrastructure assets worldwide, announced today that it has completed...

First Quarter Milestone, Model Funds Outperformed Peer Median in Worst Quarterly Market Since 2002

Fri, 09 May 2008 17:39:00 0500

WASHINGTON, May 9 PRNewswire — ICMA-RC reported today that all eight of its target-date Vantagepoint Milestone(4) Funds outperformed their Morningstar peer medians in the first quarter of 2008, and for the one- and three-year periods ending...

Middleburg Financial Corporation Announces 2008 First Quarter Earnings

Fri, 09 May 2008 16:41:00 0500

MIDDLEBURG, Va., May 9 PRNewswire-FirstCall — Middleburg Financial Corporation (Nasdaq: MBRG) announced net income of $153,000, or $0.03 per diluted share, for the three months ended March 31, 2008. This...

Diamond Hill Investment Group, Inc. Reports Results for First Quarter 2008

Fri, 09 May 2008 16:15:00 0500

COLUMBUS, Ohio, May 9 PRNewswire-FirstCall — Diamond Hill Investment Group, Inc. (Nasdaq: DHIL) today reported unaudited results for the quarter ended March 31, 2008. Assets under management ended the quarter at $4.7...

Level Four Expands Footprint with New Mid-Atlantic Office

Fri, 09 May 2008 12:24:00 0500

PHILADELPHIA, May 9 PRNewswire — Lincoln Financial Network announced that Level Four Group, LLC, has opened a new branch in Virginia Beach, Va. The new office will provide wealth management services to the retail public and...

DNP Select Income Fund Declares Dividends

Fri, 09 May 2008 10:48:00 0500

CHICAGO, May 9 PRNewswire-FirstCall — The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP) today declared dividends of 6.5 cents per share on its common stock, payable on July 10, 2008, August 11...

Bankrate: Fixed Mortgage Rates Steady While Adjustable Rates Fall

Fri, 09 May 2008 07:30:00 0500

NEW YORK, May 9 PRNewswire-FirstCall — Fixed mortgage rates were largely unchanged this week. The average conforming 30-year fixed mortgage rate backtracked to 6.13 percent, according to Bankrate.com's weekly national survey of large lenders. The...