/PRNewswire/ Boulder Growth & Income Fund, Inc. (NYSE:BIF) (the "Fund") announced the declaration of the Fund s quarterly distribution of $0.102 per share.
Reaves Utility Income Fund Initiation Of Breakpoint Fees
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DENVER, May 11, 2021 /PRNewswire/ The Reaves Utility Income Fund is pleased to announce the initiation of a breakpoint in fees. The advisory and administrative fee on gross assets greater than $2.5 billion will be 0.765%, down from the current rate of 0.84%. The reduction is in line with the Fund s goal of providing a monthly distribution and competitive long-term total returns while being amongst the lowest cost funds in its peer group.
Tim Porter, Chief Investment Officer of Reaves Asset Management and co-Portfolio Manager of the Reaves Utility Income Fund, remarked, Successfully investing the Fund s assets has allowed us to increase the distribution 11 times while never having a return of capital on an annual basis. The breakpoint is another way to reward the owners of the Fund.
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
Clough Global Dividend And Income Fund Announces Rights Offering
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DENVER, May 10, 2021 /PRNewswire/ The Board of Trustees of the Clough Global Dividend and Income Fund ( GLV 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