Clough Global Equity Fund Announces Rights Offering
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DENVER, May 10, 2021 /PRNewswire/ The Board of Trustees of the Clough Global Equity Fund ( GLQ or the Fund ) has authorized and set the terms for a transferable rights offering ( the Offering ).
Shareholders of record as of May 25, 2021 ( Record Date ) will receive one transferable right for every share held. For every three rights, rights holders can subscribe for one new share of common stock at the subscription price.
Subscription price will be calculated as the higher of 95% of market price or 85% of net asset value ( NAV ) on expiration date. Market price per common share will be determined based on the average of the last reported sales prices of a common share on the NYSE American for the five trading days preceding the Expiration Date (not including sales price on the Expiration Date). Expiration Date is expected to be June 22
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One of those investors cryptically named VCH Limited also collects $25,000 per month from Hometown International for a consulting agreement related to efforts by the money-losing sandwich seller to merge with a private entity.
While Hometown International operates a real Italian deli in Paulsboro, New Jersey albeit a modest one with less than $37,000 in combined sales in the past two years E-Waste has no actual business operations.
Google Earth
Your Hometown Deli in Paulsboro, N.J.
Despite that fact, the market capitalization of both companies has topped $100 million in recent weeks, due to a seemingly inexplicable rise in the prices of their thinly traded stocks since last year, when overseas investors began taking stakes in the companies.
Invesco admits £16bn funds failing to meet target
Fund group admits 15 of its funds have lagged benchmark
Invesco s performance has deteriorated
One of Britain’s largest fund managers has admitted funds housing £16bn of savers’ money have failed to meet its targets for investment returns.
Invesco said 15 of its funds had lagged their benchmarks for more than half the time over the past decade. A further 15 of the 44 assessed, holding £6bn of assets, did not perform as consistently as the fund group would have liked.
The £3.2bn Invesco UK Equity High Income and £1.4bn Income funds, managed by Mark Barnett before his departure from Invesco last year, were among the worst performers. They have lost 10.3pc and 8.9pc respectively over the past five years while the average fund in its sector has made 46pc.
Author: Francis P Sempa | Human Events humanevents.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from humanevents.com Daily Mail and Mail on Sunday newspapers.