Closed End Fund News

NEW YORK--(BUSINESS WIRE)--BlackRock MuniAssets Fund, Inc. (NYSE: MUA) (the "Fund") today announced the successful completion of its over-subscribed transferable rights offer (the “Offer”) which expired on August 20, 2026 (the “Expiration Date”). The Offer entitled rights holders to subscribe for up to an aggregate of 16,784,940 shares of the Fund’s common stock, par value of $0.1 per share (each, a “Common Share”). The final subscription price of $9.91 per Common Share was determined based upo...

TORONTO--(BUSINESS WIRE)--PIMCO Canada Corp. (“PIMCO Canada”) is pleased to announce today that it has declared monthly distributions on its Class A Units (the “Units”) of the PIMCO Canada closed end funds (the “Funds”). The distributions will be paid on September 15, 2026 to the holders of record at the close of business on August 31, 2026. Details of the distribution amounts are as follows: Fund Name Ticker Cash Distribution per Unit Change from Previous Month Percentage Change from Previous...

NEW YORK--(BUSINESS WIRE)--The Boards of Trustees of Saba Capital Income & Opportunities Fund (NYSE: BRW) and Saba Capital Income & Opportunities Fund II (NYSE: SABA) have reapproved a proposal to merge the funds. The proposed merger, if approved by shareholders, would combine SABA into BRW. The merger is intended to create a larger fund with greater investment scale and potentially increased trading volume on the exchange for common shares. The funds are currently targeting closing the...

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1375 per share payable on September 15, 2026, to shareholders of record as of September 1, 2026. The ex-dividend date is expected to be September 1, 2026. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund...

WHEATON, Ill.--(BUSINESS WIRE)--First Trust High Yield Opportunities 2027 Term Fund (the "Fund") (NYSE: FTHY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.125 per share payable on September 25, 2026, to shareholders of record as of September 1, 2026. The ex-dividend date is expected to be September 1, 2026. The monthly distribution information for the Fund appears below. First Trust High Yield Opportunities 2027 Term Fund (FTHY): Distribution...

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA. The following dates apply to today's distribution declarations:   Expected Ex-Dividend Date: August 21, 2026   Record Date: August 21, 2026   Payable Date: August 31, 2026 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL Na...

NEW YORK--(BUSINESS WIRE)--Category: Financials...

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today announced that, effective on August 19, 2026, the Saba Closed-End Funds ETF (Cboe BZX: CEFS) (the “Fund”) has changed its name to the “Saba Opportunistically Hedged Closed-End Funds ETF.” The Fund’s shares will continue to be listed on the Cboe BZX Exchange under the ticker symbol “CEFS.” The Fund’s new name reflects its longstanding investment practices, including opportunis...

NEW YORK--(BUSINESS WIRE)--BNY Mellon Investment Adviser, Inc. announced today that proxy advisory firm Glass Lewis has recommended that stockholders of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (“DMB”) vote in favor of the Fund’s three incumbent nominees on the WHITE proxy card ahead of the Fund’s annual stockholders meeting on August 27, 2026. In making its recommendation, Glass Lewis rejected the dissident’s nominee, noting that a review of performance of the Fund had shown that a...

LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) notes that the information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information below relates to the purchase of PSH Public Shares by Julian Ide into his Self Invested Pension Plan (SIPP). 1. Details of the person discharging managerial responsibilitie...