Core Viewpoint - TransAlta Corporation announced the conversion details of its preferred shares, indicating that no Series A Shares will convert to Series B Shares, while a portion of Series B Shares will convert to Series A Shares on March 31, 2026 [1]. Group 1: Share Conversion Details - None of the 9,629,913 currently outstanding Series A Shares will be converted into Series B Shares on March 31, 2026 [1]. - A total of 1,148,549 of the 2,370,087 currently outstanding Series B Shares will be converted into Series A Shares on the same date [1]. - Following these conversions, TransAlta will have 10,778,462 Series A Shares and 1,221,538 Series B Shares outstanding [1]. Group 2: Company Overview - TransAlta is one of Canada's largest publicly traded power generators, providing reliable electricity across Canada, the United States, and Western Australia [3]. - The company has over 100 years of experience in operating and evolving essential energy infrastructure [3]. - TransAlta's diverse technology portfolio and disciplined execution enable it to deliver dependable power while adapting to changing energy systems [3].

Core Viewpoint - TransAlta Corporation announced it will not redeem its outstanding Series A and Series B Preferred Shares on March 31, 2026, allowing shareholders to choose between retaining their shares or converting them to the other series [1]. Summary by Sections Series A Shares - Holders of Series A Shares can either retain their shares to receive a fixed quarterly dividend of 1.19550% (annualized 4.78200%) for five years from March 31, 2026, or convert them into Series B Shares at a one-to-one ratio, receiving a floating quarterly dividend of 1.05236% (annualized 4.22100%) for the three-month period starting March 31, 2026 [2][5]. Series B Shares - Holders of Series B Shares can choose to retain their shares for a floating quarterly dividend of 1.05236% (annualized 4.22100%) for the same three-month period or convert them into Series A Shares at a one-to-one ratio, receiving the fixed quarterly dividend of 1.19550% (annualized 4.78200%) for five years [3][6]. Conversion Conditions - The conversion rights are subject to conditions, including the requirement that if fewer than 1,000,000 shares of either series remain outstanding after conversion, the remaining shares will automatically convert to the other series [4]. Currently, there are 9,629,913 Series A Shares and 2,370,087 Series B Shares outstanding [4]. Conversion Process - Shareholders must notify their intention to convert shares by 3:00 p.m. (MST) / 5:00 p.m. (EST) on March 16, 2026. If no notice is received, shares will not be converted unless automatic conversion applies [7][8]. Future conversion opportunities will occur every five years, with the next one on March 31, 2031 [8]. Company Overview - TransAlta Corporation is one of Canada's largest publicly traded power generators, providing reliable electricity across Canada, the United States, and Western Australia. The company has over 100 years of experience in operating essential energy infrastructure [9].

Core Viewpoint - Carlyle Credit Income Fund has entered into a Purchase Agreement for approximately 17,500 shares of its 7.25% Series E Convertible Preferred Shares, expecting to receive net proceeds of approximately $16.275 million from the sale [1][9]. Group 1: Convertible Preferred Shares Details - The Convertible Preferred Shares have a fixed annual dividend rate of 7.25%, equating to $72.50 per share per year [2]. - The Fund is obligated to redeem all outstanding Convertible Preferred Shares on October 30, 2030, at a price equal to the liquidation preference plus any accumulated but unpaid dividends [3]. - The Fund may redeem the Convertible Preferred Shares at its option starting May 1, 2026, at a price equal to the liquidation preference plus any accumulated but unpaid dividends [4]. Group 2: Conversion Rights - Holders of Convertible Preferred Shares can convert them into common shares starting six months after issuance, based on a conversion price determined by the market price or the Fund's net asset value [5]. Group 3: Offering and Use of Proceeds - The Convertible Preferred Shares will not be listed on any exchange and require the Fund's consent for transfer [6]. - The net proceeds from the offering will be used to redeem outstanding 8.75% Series A Preferred Shares due 2028 and for general working capital purposes [9]. - The redemption of the Series A Preferred Shares is scheduled for November 3, 2025, at a price of $25 per share plus any accumulated unpaid dividends [10]. Group 4: Fund Overview - Carlyle Credit Income Fund is an externally managed closed-end fund focused on investing in equity and junior debt tranches of collateralized loan obligations, primarily backed by U.S. senior secured loans [13].

Core Points - Compass Diversified (CODI) announced a quarterly cash distribution for its three preferred share series [1] Distribution Details - The Board declared a cash distribution of $0.453125 per share for the 7.250% Series A Preferred Shares, covering the period from July 30, 2025, to October 30, 2025, payable on October 30, 2025, to holders of record as of October 15, 2025 [2] - A cash distribution of $0.4921875 per share was declared for both the 7.875% Series B and Series C Preferred Shares, also covering the same period and payable on the same date to holders of record as of October 15, 2025 [3][4] Tax Implications - The preferred cash distributions are expected to generally constitute "qualified dividends" for U.S. federal income tax purposes, provided certain conditions are met [5]

Core Viewpoint - Compass Diversified (CODI) has declared quarterly cash distributions for its preferred shares, indicating a commitment to returning value to shareholders through consistent dividend payments [1]. Distribution Details - The Board declared a cash distribution of $0.453125 per share for the 7.250% Series A Preferred Shares, covering the period from July 30, 2025, to October 30, 2025, payable on October 30, 2025, to holders of record as of October 15, 2025 [2]. - A cash distribution of $0.4921875 per share was declared for both the 7.875% Series B and Series C Preferred Shares, also covering the same period and payable on the same date to holders of record as of October 15, 2025 [3][4]. Tax Implications - The preferred cash distributions are expected to generally qualify as "qualified dividends" for U.S. federal income tax purposes, contingent upon being paid from "earnings and profits" and meeting the requisite holding period [5].

Group 1 - The article discusses the author's journey into investing, starting in high school in 2011, focusing on REITs, preferred stocks, and high-yield bonds, which sparked a long-lasting interest in markets and the economy [1] - Recently, the author has been combining long stock positions with covered calls and cash secured puts, indicating a strategic approach to investment [1] - The investment philosophy is fundamentally long-term, with a primary focus on REITs and financials, along with occasional insights on ETFs and other stocks influenced by macroeconomic trends [1]

Core Viewpoint - Compass Diversified (CODI) has declared quarterly cash distributions for its preferred shares, indicating strong cash flow generation despite ongoing investigations related to Lugano [1][6]. Group 1: Cash Distribution Details - The Board declared a cash distribution of $0.453125 per share for the 7.250% Series A Preferred Shares, covering the period from April 30, 2025, to July 30, 2025, payable on July 30, 2025, to holders of record as of July 15, 2025 [2]. - A cash distribution of $0.4921875 per share was declared for the 7.875% Series B Preferred Shares for the same period, also payable on July 30, 2025, to holders of record as of July 15, 2025 [3]. - Similarly, a cash distribution of $0.4921875 per share was declared for the 7.875% Series C Preferred Shares, covering the same period and payable on July 30, 2025, to holders of record as of July 15, 2025 [4]. Group 2: Company Overview - Since its IPO in 2006, CODI has focused on owning and managing a diverse portfolio of middle-market businesses across various sectors, including branded consumer, industrial, healthcare, and critical outsourced services [6]. - The company utilizes its permanent capital base and long-term approach to maintain controlling ownership interests in its subsidiaries, enhancing cash flow generation and value creation [6]. - CODI provides both debt and equity capital to its subsidiaries, contributing to their financial flexibility and long-term growth [6].

As filed with the U.S. Securities and Exchange Commission on June 6, 2025. Registration No. 333-285592 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Portion 2, 12 th Floor, The Center, 99 Queen's Road Central, Hong Kong +852 3152 1600 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) _____________________________ Cogency Global Inc. 122 East 42 nd Street, 18 th Floor New York, NY 10168 800-221-0102 (Name, address, ...