Core Points - Sprott Focus Trust, Inc. has declared a quarterly distribution of $0.1280 per share, payable on June 30, 2025, to stockholders of record as of June 13, 2025 [1] - The Fund has a Distribution Policy of paying quarterly distributions at an annual rate of 6% based on the rolling average of the prior four calendar quarter-end net asset values (NAVs) [2] - The estimated sources of the upcoming distribution include net investment income, short-term gains, and long-term gains, with specific allocations detailed [3] Distribution and Performance Information - The Fund's average annual total return in relation to NAV for the five-year period ending May 31, 2025, is 11.85%, with an annualized current distribution rate of 1.58% as of the same date [4][5] - Cumulative total return from December 31, 2024, to May 31, 2025, reflects the percentage change in NAV, assuming reinvestment of distributions [6] - The Fund's investment strategy focuses on long-term capital growth, typically investing at least 65% of its assets in equity securities [7]

ATLANTA, June 3, 2025 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today announced that Allison Dukes, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley U.S. Financials Conference at 11:25 a.m. ET on June 10, 2025.A link to the live audio webcast will be available on the Investor Relations website. For those unable to listen to the live audio webcast, a replay will be available following the event.About Invesco Ltd.Invesco Ltd. is a global independent investment management firm ...

Market Overview - Wall Street's seasonal adages have not held true this year, with April ending on a mixed note and May showing impressive gains in U.S. stock markets [1][2] - All three major indexes finished May in the green, with the Dow rising 3.9%, the S&P 500 climbing 6.2%, and the Nasdaq Composite jumping 9.6%, marking their best monthly performances since November 2023 [2] Financial Services Sector Performance - The Financial Services sector was one of May's top performers, up 4.5%, with notable stocks including Coinbase Global, Northern Trust, BNY Mellon, Franklin Resources, and Bank of America [3][9] - Coinbase is positioned to benefit from heightened crypto market volatility and rising asset prices, with 83% of its total revenues coming from the U.S. market [7][10] - Northern Trust is leveraging organic expansion efforts and has launched Family Office Solutions targeting ultra-high-net-worth clients, which is expected to enhance its Wealth Management segment [12][13] - BNY Mellon is focusing on international growth initiatives and has seen a five-year CAGR of 6.2% in net interest income, with expectations for continued improvement [18][19] - Franklin has grown through acquisitions and partnerships, enhancing its presence in alternative investments and multi-asset solutions [22][23] - Bank of America is expected to benefit from higher interest rates, with a projected 6-7% rise in net interest income for 2025, supported by aggressive branch expansion [26][28] Company-Specific Insights - Coinbase is investing in infrastructure to expand crypto's practical use, including a low-cost Layer 2 scaling solution [8] - Northern Trust is focused on disciplined headcount management and process automation to improve productivity and meet financial targets, achieving a return on equity of 13% in Q1 2025 [14][15] - BNY Mellon is facing challenges with rising expenses and volatility in fee income, which constitutes almost 70% of total revenues [20] - Franklin's diversification into alternative asset classes is expected to drive assets under management growth, although market fluctuations pose risks to investment management fees [24][25] - Bank of America is enhancing its digital offerings and cross-selling products through initiatives like the Zelle money transfer system and the digital assistant Erica [29]

Core Viewpoint - Brookfield Corporation has announced the fixed dividend rate for its Cumulative Class A Preference Shares, Series 42, for the period from July 1, 2025, to June 30, 2030, at an annual rate of 5.658% [1][2]. Dividend Details - The fixed quarterly dividends on the Series 42 Shares will be $0.353625 per share per quarter [2]. - Holders of Series 42 Shares can convert their shares into Series 43 Shares at a rate of one-for-one by June 16, 2025 [3]. - The quarterly floating rate dividends for Series 43 Shares will be calculated at 2.84% over the annual yield on three-month Government of Canada treasury bills, with an initial quarterly dividend rate of 1.38227% for the July to September 2025 period [3]. Conversion Conditions - If fewer than 1,000,000 Series 42 Shares remain outstanding after June 30, 2025, all remaining Series 42 Shares will convert to Series 43 Shares automatically [5]. - Currently, there are 11,887,500 Series 42 Shares outstanding [5]. Listing Information - The Toronto Stock Exchange has conditionally approved the listing of Series 43 Shares, pending Brookfield's fulfillment of listing requirements [6]. Company Overview - Brookfield Corporation is a global investment firm focused on long-term wealth creation, with core businesses in Alternative Asset Management, Wealth Solutions, and Operating Businesses in renewable power, infrastructure, and real estate [7][8]. - The company has a history of delivering over 15% annualized returns to shareholders for more than 30 years [8].

Core Viewpoint - XAI Octagon Floating Rate & Alternative Income Trust has declared a monthly distribution of $0.070 per share, reflecting a 9.09% decrease from the previous month's distribution of $0.077 per share, amid market volatility affecting asset yields [1][2][3] Distribution Details - The distribution is payable on July 1, 2025, to shareholders of record as of June 16, 2025 [1][3] - The new distribution amount results in an annualized distribution rate of 14.51% based on market price and 13.86% based on NAV as of May 30, 2025 [2] Investment Objective - The Trust aims for attractive total returns with a focus on income generation across various stages of the credit cycle, primarily investing in floating rate credit instruments and structured credit investments [2][12] Market Conditions - Recent market volatility, driven by tariff developments and trade tensions, has led to significant interest rate spread compression in loan and CLO asset classes, adversely affecting yields [2] Webinar Announcement - A quarterly webinar is scheduled for June 4, 2025, featuring key personnel from XA Investments, providing insights into the Trust's performance and strategy [4] Tax and Distribution Characteristics - Distributions may include net investment income, capital gains, and/or a return of capital, with specific tax characteristics reported to shareholders post-calendar year [3][9] - The Trust is subject to a 4% excise tax if it fails to distribute a minimum percentage of its income and capital gains by year-end [8] Management and Advisory - XA Investments LLC serves as the investment adviser for the Trust, focusing on providing access to alternative investment strategies [14][16] - Octagon Credit Investors acts as the investment sub-adviser, specializing in below-investment grade corporate credit investments [19]

Core Viewpoint - Compass Diversified Holdings (NYSE: CODI) is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, primarily related to financial misstatements and irregularities in its subsidiary, Lugano Holdings, Inc. [1][3][4] Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Augenbaum v. Compass Diversified Holdings, and it includes claims against Compass Diversified Holdings and its executives for making false statements and failing to disclose significant financial irregularities [1][3]. - Investors who purchased Compass Diversified securities between May 1, 2024, and May 7, 2025, have until July 8, 2025, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit alleges that Lugano Holdings violated accounting rules, leading to materially misstated financial results for Compass Diversified in fiscal 2024 [3][4]. Group 2: Financial Impact and Company Response - On May 7, 2025, Compass Diversified announced that it would restate its 2024 financial statements due to identified irregularities in Lugano's accounting practices, resulting in a stock price drop of over 62% [4]. - The company indicated that it would delay the filing of its first quarter 2025 Form 10-Q as a result of the ongoing internal investigation [4]. Group 3: Legal Representation and Firm Background - The plaintiffs in the class action are represented by Robbins Geller Rudman & Dowd LLP, a law firm with a strong track record in prosecuting investor class actions and recovering significant monetary relief for investors [5][7]. - Robbins Geller has recovered over $2.5 billion for investors in securities-related class action cases in 2024, highlighting its prominence in the field [7].

Core Viewpoint - A lawsuit has been filed against Compass Diversified Holdings and its executives for potential violations of federal securities laws, specifically related to alleged misstatements in financial statements [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Central District of California, captioned Matthews v. Compass Group Diversified Holdings, Inc., et al., No. 25-cv-981 [2]. - Investors have until July 8, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Compass - The complaint alleges that Compass's fiscal 2024 financial statements contained material misstatements regarding unrecorded financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable related to Lugano Holdings, Inc. [3]. - Compass is a statutory trust that manages a group of small and middle-market businesses, including Lugano Holdings, a high-end jewelry designer and manufacturer [3]. Group 3: Stock Market Reaction - Following the announcement on May 7, 2025, that investors should not rely on its fiscal 2024 financial statements due to an ongoing internal investigation, Compass's stock price dropped approximately 62%, from $17.25 per share to $6.55 per share [4]. - The company indicated that it had identified irregularities in Lugano's financing, accounting, and inventory practices, leading to the resignation of Lugano's founder and CEO without severance compensation [4].

Core Insights - Catalyst Capital Advisors LLC has announced the hiring of Robert Gallant as Executive Director of Institutional Relations and Bryan Kitchner as Vice President, Portfolio Strategist, to enhance its institutional business and portfolio strategy offerings [1][2][3] Group 1: Company Developments - The organization has surpassed $12 billion in assets under management (AUM) as of March 31, 2025, indicating significant growth [2] - Gallant will oversee the firm's institutional business and sales efforts, while Kitchner will focus on educating financial advisors about alternative investment strategies [2][3] - The CEO of Catalyst, Jerry Szilagyi, emphasized the importance of educating clients on diversifying portfolios through non-traditional strategies [3] Group 2: Personnel Background - Robert Gallant previously served as Director of National Accounts at PGIM Investments and has experience with Northern Trust, J.P. Morgan, and BMO Capital Markets [3][4] - Bryan Kitchner was most recently a Senior Investment Strategist at the Metropolitan Transportation Authority and has worked at Bank of America and The Segal Group [4][5] Group 3: Product Offerings - Catalyst offers a diverse suite of non-traditional fixed income, equity, and alternative products aimed at providing uncorrelated return streams and improving client experiences [4] - The firm currently manages 34 investment products designed to produce income- and equity-oriented returns while managing risk and volatility [6]

Group 1 - Hamilton Lane Incorporated (NASDAQ: HLNE) shares have sharply declined following the release of Q4 FY 2025 earnings despite reporting strong results [1] - The company's stock was trading at a substantial premium to peers, creating a high bar for performance expectations [1] Group 2 - Blue Chip Portfolios is an investment publication focused on providing insights on single stocks, ETFs, and CEFs [1]

Investment Rating - The report assigns a Neutral rating to Infratil (IFT.NZ) [1][4][15] Core Insights - The FY25 results were softer than expected, with Proportionate EBITDAF declining by 4% compared to Goldman Sachs estimates, leading to a downgrade in FY26 guidance to NZ$1,000-1,050 million, which is 3%-5% lower than previous estimates [1][4] - Infratil plans to monetize NZ$1 billion of assets that are unlikely to scale under the current ownership model, with the capital reinvested in businesses that can provide more meaningful returns [2] - The healthcare portfolio is performing strongly, with RHCNZ and Qscan expecting accelerating EBITDAF growth into FY26 [2] - Longroad Energy is targeting an OpCo run-rate EBITDA of US$370 million by March 2026, driven by contributions from projects that are operational or under construction [2] Financial Performance - FY26-28 EBITDAF estimates have been revised down by 3% to 4% due to CDC deferrals and increased costs for One NZ [4][13] - The 12-month target price is set at NZ$10.70, reflecting a 3% decrease from previous estimates [4][14] - Key financial metrics include projected revenue growth of 22.7% for FY25, with a decline in EPS for FY26 expected at NZ$0.13, compared to a previous estimate of NZ$0.09 [10][11] Investment Thesis - Infratil is positioned to benefit from increased digital consumption and AI adoption, particularly through its investments in digital infrastructure and renewable energy [15] - Despite positive long-term themes, the current market valuation appears to have already factored in these growth prospects, leading to a Neutral rating [15]