Touchstone Investments Announces Purchase Agreement to Acquire Select Retail Mutual Fund Business Assets from AIG Life & Retirement
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CINCINNATI, Feb. 8, 2021 /PRNewswire/ Touchstone Investments and AIG Life & Retirement, a division of American International Group, Inc. (NYSE: AIG), announced today that Touchstone Investments, a wholly owned subsidiary of Western & Southern Financial Group, has agreed to acquire select assets of AIG Life & Retirement s Retail Mutual Funds business.
AIG s Retail Mutual Funds business manages $7.8 billion in assets across 18 mutual funds as of Dec. 31, 2020. Under the terms of the purchase agreement, 12 of those funds – with approximately $7.5 billion in assets – will be reorganized and merged into either existing Touchstone funds or into newly created Touchstone funds. After the reorganizations, the funds will be advised by Touchstone Advisors, Inc.
returned 9.05%, ranking 1
stout of 48 funds in Morningstar s category of U.S. Fund Preferred Stock, based on total return for the one-year period ending 12/31/2020. As of 12/31/20, annualized performance since inception (12/24/18) in
the Preferred-Plus Fund is 14.24%
. Innovative Portfolios Dividend Performers Fund returned 20.22% (Class I: IPDPX) and
ranked 6
th out of 138 funds in Morningstar s category of U.S. Fund Options-based. Since inception on 12/24/18, annualized performance in
the Dividend Performers Fund
is 27.35% for the period ending 12/31/20.
The Preferred-Plus Fund s primary investment objective is to provide current income by investing in U.S. Preferred Stocks. The Fund utilizes an option overlay strategy seeking to enhance overall distributions to shareholders.
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PHILADELPHIA, Dec. 15, 2020 /PRNewswire/ FS Investments, a leading alternative investment manager, announced that FS Credit Income Fund (I share: FCRIX), an alternative credit strategy sub-advised by GoldenTree Asset Management, has reached its three-year anniversary.
Since inception, FS Credit Income Fund ( the Fund ) has paid a high level of current income, with the Fund s annualized distribution rate averaging 6.10%
1 as of October 31, 2020. Over the same period, the Fund returned 5.07% per year
2, outperforming the liquid end of the loan and high yield bond markets by 208 basis points and 120 basis points per year, respectively.
3
This performance has been driven by the Fund s flexible, alternative credit mandate that invests across asset classes, sectors and capital structures to capture the best relative value opportunities in liquid and less liquid areas of the credit markets. The Fund focuses on catalyst-driven investments offeri
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NEW YORK, Dec. 14, 2020 /PRNewswire/ Bluerock Total Income+ Real Estate Fund ( TI+, tickers: TIPRX, TIPPX, TIPWX, TIPLX) has paid a fourth quarter distribution of $0.3876 per share, or 1.31% for the quarter, based on the share price of $29.53 (A-shares) for shareholders of record as of December 11, 2020. This distribution amount represents an annualized rate of 5.25% based on the current share price, marking the Fund s 32nd consecutive quarterly distribution. Since inception in 2012, TIPRX has paid $11.79 of distributions to its shareholders. In addition to these quarterly distributions, TIPRX NAV has grown over 18% from $25 to $29.53 per share (as of 12.11.2020). The Fund maintained its 5.25% annual distribution rate throughout a challenging 2020 which we believe is a key feature of the Fund and a testament to the long term historic stability of the institutional real estate asset class, said Jeffrey Schwaber, CEO of Bluerock Capi