NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”). The following dates apply to the distributions: Record DateDecember 15, 2025Ex-Dividend DateDecember 15, 2025Payable DateDecember 31, 2025 Distribution ScheduleNYSE TickerClosed-End Fund NameDistributionPer ShareChange fromPrevious Distr ...

Distribution Announcement - The John Hancock closed-end Preferred Income Fund declared a monthly distribution of $0.1235 per share, with a market price of $16.95, resulting in an annualized current distribution rate of 8.74% [1] Fund Information - The declaration date for the distribution is December 1, 2025, with the ex-date and record date both set for December 11, 2025, and the payment date on December 18, 2025 [1] Investment Management Overview - John Hancock Investment Management operates under Manulife Investment Management, utilizing a multimanager approach to provide a diverse range of investments supported by rigorous oversight [4] - Manulife Investment Management has over a century of financial stewardship, serving individuals and institutions globally, with a strong presence in public and private markets across 18 geographies [5]

Core Viewpoint - John Hancock has declared monthly distributions for several closed-end funds, with specific amounts per share and corresponding market prices, indicating a commitment to providing returns to investors through managed distribution plans [1][2][4]. Distribution Details - The Preferred Income Fund II (HPF) will distribute $0.1235 per share, with a market price of $16.43 and an annualized current distribution rate of 9.02% [1]. - The Preferred Income Fund III (HPS) will distribute $0.1100 per share, with a market price of $14.98 and an annualized current distribution rate of 8.81% [1]. - The Premium Dividend Fund (PDT) will distribute $0.0825 per share, with a market price of $13.12 and an annualized current distribution rate of 7.55% [1][2]. - The Tax-Advantaged Dividend Income Fund (HTD) will distribute $0.1580 per share, with a market price of $24.92 and an annualized current distribution rate of 7.61% [1][4]. Fund Management Plans - The Premium Dividend Fund operates under a managed distribution plan (PDT Plan), ensuring monthly distributions of $0.0825 per share until further notice [2]. - The Tax-Advantaged Dividend Income Fund operates under a managed distribution plan (HTD Plan), ensuring monthly distributions of $0.1580 per share until further notice [4]. Distribution Composition - Distributions under both the PDT and HTD Plans may include net investment income, net realized long-term capital gains, net realized short-term capital gains, and potentially a return of capital [3][5]. - Additional distributions may be made to avoid federal income tax on taxable income and capital gains not included in regular distributions [3][6]. Investor Communication - Shareholders will receive a notice detailing the estimated components of distributions if they do not consist solely of net investment income, which will also be posted on the Funds' website [7].

Dec 1, 2025 4:20 PM Eastern Standard Time Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares Share HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund II (NYSE: NCZ) announced today that it has declared a $0.34375 per share cash distribution payable on December 31, 2025 to Series A cumulative preferred shareholders of record on December 11, 2025. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange ...

Core Insights - The article emphasizes the importance of active management in fixed income investments, especially in the current macroeconomic environment where inflation is subsiding and interest rates are being cut [1][3][6] Group 1: Evolution of Fixed Income - Fixed income markets have evolved significantly since 2022, influenced by aggressive interest rate hikes from the Federal Reserve to combat inflation, which led to declines in both equities and bonds [2][3] - The current environment presents opportunities for investors to re-enter the bond market, but they should consider active management strategies to maximize potential returns [3][4] Group 2: Active Management Advantages - Active management allows portfolio managers to identify unique income opportunities and adapt to changing market conditions, making active ETFs suitable for various economic scenarios [4][6] - The Vanguard Multi-Sector Income Bond ETF (VGMS) is highlighted as a potential investment for those seeking to diversify income sources through an active strategy, incorporating corporate and international bonds [5] Group 3: Market Dynamics - Factors affecting the equities market, such as tariffs and geopolitical issues, also impact fixed income markets, underscoring the need for expertise in navigating these complexities [6]

Core Insights - Vinci Compass Investments Ltd. has completed the acquisition of a 50.1% stake in Verde Asset Management, enhancing its position in the alternative investments sector in Latin America [1][3] - The acquisition adds approximately R$16 billion in assets under management (AUM), bolstering Vinci Compass's Global Investment Products & Solutions offerings [2][5] - The transaction is structured in two phases, with the first phase involving a controlling stake acquisition and the second phase planned for five years later to acquire the remaining 49.9% [3][4] Transaction Overview - The acquisition was announced on October 6, 2025, and closed on December 1, 2025, involving a mix of newly issued VINP Class A common shares and cash [3] - The payment for the acquisition is set in two installments, with the second contingent on revenue targets [3] - The transaction is expected to be immediately accretive on a double-digit basis to Free Cash Flow (FRE) per share and low-to-mid single-digit accretive to Distributable Earnings per share [4] Company Background - Vinci Compass is a leading provider of alternative investments and global solutions in Latin America, with nearly three decades of experience and R$316 billion in AUM as of September 2025 [5] - Verde Asset Management, founded in 2015, manages approximately R$16 billion and is recognized for its long-term investment strategies in Brazil [6]

Core Viewpoint - Goldman Sachs Asset Management is acquiring Innovator Capital Management for $2 billion to enhance its offerings in defined-outcome ETFs, which aim to limit downside risk for investors while capping upside potential [1] Group 1 - The acquisition reflects Goldman Sachs' strategy to expand its product lineup in the ETF market [1] - Innovator Capital Management specializes in defined-outcome ETFs, which are designed to provide a balance between risk and reward for investors [1] - The $2 billion investment indicates Goldman Sachs' commitment to growing its asset management capabilities and addressing investor needs [1]

Market Update - The stock market started December slightly lower after a strong Thanksgiving week, with the S&P 500 rallying almost 4%, marking its seventh consecutive month of gains [1] - The Nasdaq increased over 4% last week but fell 1.5% in November, ending its seven-month winning streak [1] Eli Lilly Price Cuts - Eli Lilly announced a price reduction for its obesity medication Zepbound, with the starting dose now priced at $299 per month, down from $349, and the 5 mg dose at $399, down from $499 [1] - Analysts at Leerink noted that the price cuts may have come earlier than expected but are not a major surprise, emphasizing the potential for expanded patient access to Lilly's drugs [1] - The price reductions are part of a broader trend in the GLP-1 market, with Novo Nordisk also cutting prices to regain market share [1] - The expectation is that lost revenue from price cuts will be compensated by increased volume, supporting Eli Lilly's earnings-per-share growth in the coming years [1] Goldman Sachs Acquisition - Goldman Sachs announced plans to acquire Innovator Capital Management for $2 billion, a pioneer in defined outcome exchange-traded funds (ETFs) [1] - Innovator has created the first defined outcome ETF and has $28 billion in assets under supervision as of September 30 [1] - The acquisition aims to significantly expand Goldman Sachs Asset Management's ETF lineup and enhance offerings in a rapidly growing active ETF category [1] - This acquisition follows a previous deal with T. Rowe Price to create private market products for investors, indicating a strategic push in Goldman's asset and wealth management division [1] Upcoming Earnings Reports - MongoDB is set to report earnings after the market closes on Monday, while United Natural Foods and Signet Jewelers will release results before Tuesday's opening bell [1]

Brittany Christensen, senior vice president of head of business development at Tidal Financial Group, speaks to Bloomberg's Katie Greifeld and Eric Balchunas on "Bloomberg ETF IQ". They discuss ETF launches, mutual fund conversions and increased staffing levels at Tidal. ...

Core Insights - The Simplify Private Credit Strategy ETF (PCR) offers a yield of 12.27% and addresses key challenges in private credit investing, including liquidity, volatility, manager selection, and purity of exposure [1][2]. Group 1: Challenges in Private Credit - Liquidity is a concern as private credit is less liquid; PCR mitigates this by including Business Development Companies (BDCs) and Closed-end Funds (CEFs) that trade daily and utilizing Total Return Swaps (TRS) for flexibility [5]. - Volatility in private credit is often masked by infrequent trading, leading to "stored volatility" that can result in sharp drawdowns; PCR employs a proprietary Quality minus Junk credit hedge to cushion against these drawdowns [6]. - Manager selection is critical, as performance varies significantly among funds; PCR provides diversification across the VettaFi Private Credit Index, reducing the burden of due diligence for advisors [7]. - Purity of exposure is enhanced in PCR, which aims for consistent exposure to private credit, unlike many funds limited by SEC regulations on illiquid holdings [8]. Group 2: Role of Private Credit in Portfolios - Private credit is increasingly viewed as an alternative investment, with low correlations to traditional 60/40 asset allocations, making it a compelling option for advisors [9][10]. - The Quality minus Junk equity hedge is considered more effective for protecting against tail risk than traditional credit instruments, which can be costly and require precise timing [11][12]. - The hedge strategy involves long positions in Quality stocks and short positions in Junk stocks, which historically perform better during periods of credit market stress [13][14]. Group 3: Historical Context and Management Strategy - Current trends in private credit mirror historical emerging market debt cycles, driven by banks reducing lending due to regulatory changes; private credit fills this gap [16][17]. - The management of PCR focuses on building a resilient portfolio that targets structural stability across market cycles, leveraging index-like exposure combined with a credit hedge [19].