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abrdn Global Premier Properties Fund (AWP) Announces Approval of 1-for-3 Reverse Stock Split and Adjustment to Monthly Distribution
Prnewswire· 2026-01-21 21:17
Core Viewpoint - The abrdn Global Premier Properties Fund has announced a 1-for-3 reverse stock split to potentially enhance its market price per share, attract a broader range of investors, and improve liquidity [1][2]. Fund Details - The reverse stock split will convert every three shares of the Fund's outstanding common shares into one common share, maintaining the total value of shareholders' investments and the Fund's portfolio [3]. - Post-split, shareholders will have fewer shares but with a higher share price and net asset value per share, preserving their percentage ownership in the Fund [3]. Distribution Adjustments - Following the reverse stock split, the Fund's monthly distribution will increase from $0.04 per share to $0.12 per share, ensuring no change in monthly cash flow to shareholders [4]. Trading Information - The reverse stock split is expected to be completed before the NYSE trading opens on February 9, 2026, with shares continuing to trade under the ticker symbol AWP [5]. - A new CUSIP number will be assigned to the Fund's shares, and no fractional shares will be issued; any resulting fractional shares will be aggregated and sold, with proceeds distributed to shareholders [6]. Company Background - Aberdeen Investments is a major asset management firm with approximately $515 billion in assets under management as of September 30, 2025, and has extensive experience managing closed-end funds [10]. - The firm manages 15 U.S. closed-end funds and 13 non-U.S. closed-end funds, totaling $26.1 billion in assets as of the same date [11].
Strive Announces Proposed Follow-On Offering of SATA Stock
Globenewswire· 2026-01-21 21:15
Core Viewpoint - Strive, Inc. plans to conduct a $150 million follow-on offering of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) to finance various corporate activities, including the redemption of convertible notes and acquisition of bitcoin-related products [1][2]. Group 1: Offering Details - The offering will be registered under the Securities Act of 1933 and is subject to market conditions [1]. - Strive intends to use the net proceeds to finance the redemption and repayment of Semler Convertible Notes, acquire bitcoin, and for general corporate purposes [2]. - The company is negotiating exchanges of Semler Convertible Notes for SATA Stock, which may reduce the size of the follow-on offering [3]. Group 2: Dividend Structure - SATA Stock accumulates cumulative dividends at a variable rate of 12.25% per annum, payable monthly in arrears starting February 15, 2026 [4]. - Strive has the discretion to adjust the monthly regular dividend rate, subject to certain restrictions [4]. - If regular dividends are unpaid, compounded dividends will accumulate at a rate of 12.25% plus 25 basis points, increasing by 25 basis points per month up to a maximum of 20% per annum [4]. Group 3: Redemption Rights - Strive has the right to redeem SATA Stock at a cash price of $110 per share, plus any accumulated dividends [6]. - The company can initiate a "clean-up redemption" if the total outstanding shares fall below 25% of the initial offering [6]. - Holders of SATA Stock have the right to require Strive to repurchase shares at a cash price equal to the stated amount plus accumulated dividends in the event of a "fundamental change" [7]. Group 4: Financial Position - Strive established an initial dividend reserve of $12.00 per share at the IPO Closing and plans to increase it to $12.25 per share with the new offering [5]. - As of January 16, 2026, Strive holds approximately 12,797.6 bitcoin and manages over $2.3 billion in assets [12]. Group 5: Management and Advisors - Barclays and Cantor are acting as joint book-running managers for the offering, with Clear Street as a co-manager [9]. - The offering is being made under an effective shelf registration statement filed with the SEC [10].
F/m Investments seeks SEC approval to tokenize Treasury bill ETF shares
Yahoo Finance· 2026-01-21 21:14
Jan 21 (Reuters) - F/m Investments said on Wednesday that the asset manager has filed with a regulator for approval to record ​ownership of tokenized shares in its U.S. Treasury 3-month bill (TBIL) ETF ‌on a permissioned blockchain. The filing with the U.S. Securities and Exchange Commission comes amid growing ‌efforts by asset managers and exchanges to bring tokenization into traditional markets, even as U.S. regulators assess how blockchain-based settlement and record-keeping can operate under long-stan ...
Matt Tuttle Talks Income ETFs And His UFO Fund
Yahoo Finance· 2026-01-21 19:26
Tuttle Capital Management announced the launch of the Tuttle Capital Meme Stock Income Blast ETF. Matt Tuttle, CEO & CIO of Tuttle Capital tells Bloomberg that demand for income-driven products is surging as investors look beyond traditional yields. He says interest in options-based income strategies, thematic ETFs, and unconventional ideas reflects a market eager for differentiated exposure. He joined the conversation on "Bloomberg ETF IQ" with Scarlet Fu, Katie Greifeld and Eric Balchunas. ...
BlackRock’s IBIT powers new bitcoin annuity for U.S. retirees via Delaware Life
Yahoo Finance· 2026-01-21 19:18
Core Viewpoint - Delaware Life Insurance Company has become the first U.S. insurer to offer a cryptocurrency-linked investment within a fixed index annuity (FIA) by partnering with BlackRock, allowing investors to access bitcoin returns while protecting their principal [1] Group 1: Product Offering - The new FIA product will include the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index, which combines U.S. equities with bitcoin exposure through BlackRock's iShares Bitcoin Trust ETF (IBIT) [2] - The index targets a 12% volatility level using dynamic cash allocations to limit bitcoin's price swings, appealing to investors nearing retirement who typically avoid crypto markets due to risk and complexity [2] Group 2: Market Context - This launch is a response to the significant success and client demand for IBIT, enabling insurance clients to add bitcoin exposure as part of a broader indexed annuity strategy [3] - The move by Delaware Life reflects a broader trend among legacy financial institutions engaging with digital assets, bridging traditional retirement products with the crypto market [4]
Ken Griffin says Biden-era regulations ‘exhausting' on American businesses, 'cost the US economy dearly'
Fox Business· 2026-01-21 18:51
Core Insights - The CEO of Citadel, Ken Griffin, criticized the Biden administration's regulatory policies, stating they created significant friction for businesses, contrasting this with the relief felt during the Trump administration's deregulation efforts [1][2][11] - Griffin highlighted the negative impact of specific regulatory actions, such as the Justice Department's antitrust lawsuit against JetBlue's acquisition of Spirit Airlines, which he claims directly affected Citadel as a creditor of Spirit [5][8] Group 1: Regulatory Environment - The Biden administration's regulatory approach has been described as a "regulatory onslaught," causing daily challenges for businesses [2] - The Trump administration's efforts to reduce federal regulatory pressure have been perceived as a significant relief for American executives, allowing them to focus on business growth [3][13] - Griffin noted that the rollback of Biden-era regulations has been slow but has positively impacted U.S. businesses since the Trump administration returned to power [11][13] Group 2: Economic Impact - Griffin emphasized that poorly thought-out decisions under the Biden administration had severe economic consequences, costing the U.S. economy dearly [11] - The blocking of the JetBlue-Spirit merger was cited as an example of how regulatory actions can lead to negative outcomes for companies, with Spirit now in bankruptcy as a result [5][8]
The RMR Group Appoints Peter Welch as Senior Vice President to Lead International Capital Formation
Businesswire· 2026-01-21 17:30
Core Viewpoint - The RMR Group has appointed Peter Welch as Senior Vice President and Head of International to enhance its international brand and relationships with global institutional capital partners [1][4]. Group 1: Appointment and Responsibilities - Peter Welch's new role focuses on expanding RMR's international presence and supporting capital formation initiatives [1]. - Welch's appointment complements the hiring of Mary Smendzuik as Senior Vice President and Head of Capital Formation, who will focus on North American institutional capital partners [2]. Group 2: Background of Peter Welch - Prior to joining RMR, Welch was a Senior Advisor at Bain Capital Credit, focusing on investment and capital formation [3]. - He has held senior leadership positions at Wells Fargo Securities, including CEO in Singapore and Head of the Global Institutional Client Group for Asia Pacific [3]. - Welch also served as a Partner and Managing Director at Goldman Sachs JBWere in the Merchant Banking Division [3]. Group 3: Company Strategy and Goals - Adam Portnoy, President & CEO, stated that Welch's experience in global capital markets will enhance RMR's reputation and help cultivate new capital sources [4]. - Welch expressed enthusiasm about joining RMR during a period of significant investment in capital formation capabilities and global expansion [4]. Group 4: Company Overview - The RMR Group is a leading U.S. alternative asset management company, managing approximately $39 billion in assets under management [5]. - The company focuses on both residential and commercial real estate, supported by nearly 900 professionals across more than 30 offices [5]. - RMR has over 35 years of institutional experience in real estate transactions and operations [5].
BlackRock names crypto and tokenization as ‘themes driving markets’ in 2026
Yahoo Finance· 2026-01-21 15:39
Core Insights - BlackRock identifies cryptocurrency and tokenized assets as significant investment themes shaping markets in 2026, alongside artificial intelligence and energy infrastructure [1][2] Investment Themes - The report emphasizes that cryptocurrencies like bitcoin (BTC), ether (ETH), and stablecoins are part of a broader list of themes driving market changes [2] - Tokenization is highlighted as a growing trend, representing real-world assets in digital formats, which is changing how investors access markets [4] Market Trends - The iShares Bitcoin Trust (IBIT), BlackRock's spot bitcoin ETF, is noted as the fastest-growing exchange-traded product in history, with net assets exceeding $70 billion, indicating strong investor interest in bitcoin [3] - The Ethereum blockchain is recognized for its dominance in tokenized assets, holding over 65% of the market share, and is seen as a key player in the growth of tokenization [5] Broader Implications - The inclusion of crypto and tokenized assets in the report suggests that BlackRock views them as part of transformative "mega forces" affecting economies and portfolio management [6] - The report indicates a shift towards mainstream acceptance of blockchain technologies, with potential for modernizing financial infrastructure [7]
OTG Latin America ETF (OTGL) Included Among 16 ETFs to Watch in 2026 by Bloomberg Trillions
Prnewswire· 2026-01-21 14:30
Core Insights - OTG Asset Management's OTG Latin America ETF (OTGL) was featured on Bloomberg Trillions podcast as part of the 2026 ETF outlook, highlighting its potential in the market [1] - The ETF aims to provide actively managed exposure to equity markets in Latin America, focusing on identifying overlooked investment opportunities [2] - Mauricio Alvarez, CEO and Portfolio Manager, expressed honor in being included among the 16 ETFs highlighted, emphasizing the company's commitment to disciplined and active management [3] Company Overview - OTG Asset Management is a South American asset manager founded by local business leaders with extensive expertise in the financial industry [3] - The company offers investment options for U.S. investors through OTGL and for South American investors via other investment vehicles [3]
Levi & Korsinsky Reminds Blue Owl Capital Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 2, 2026 - OWL
Prnewswire· 2026-01-21 14:00
NEW YORK, Jan. 21, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Blue Owl Capital Inc. ("Blue Owl Capital Inc." or the "Company") (NYSE: OWL) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Blue Owl Capital Inc. investors who were adversely affected by alleged securities fraud between February 6, 2025 and November 16, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra ...