Closed End Fund News

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS) today reported financial results for the three months ended March 31, 2025. Financial Highlights (Unaudited) (in millions, except per share data or as noted)   Three Months Ended       Three Months Ended       3/31/2025   3/31/2024   Change   12/31/2024   Change U.S. GAAP Financial Measures                   Revenues $ 217.9     $ 222.0     (2 %)   $ 233.5     (7 %) Operating expenses $ 181.3     $ 189.7     (4 %)  ...

NEW YORK--(BUSINESS WIRE)--The Central and Eastern Europe Fund, Inc. (NYSE: CEE) and The New Germany Fund, Inc. (NYSE: GF) (each, a “Fund,” and, collectively, the “Funds”) announced today that the Annual Meeting of Stockholders for each Fund will be held at 10:30 a.m., Eastern time on June 30, 2025 at the offices of DWS Investment Management Americas, Inc., 875 Third Avenue, New York, New York 10022. Holders of shares of common stock of record of the Funds at the close of business on May 16, 20...

NEW YORK--(BUSINESS WIRE)--The European Equity Fund, Inc. (NYSE: EEA) (the “Fund”) announced today that the Annual Meeting of Stockholders for the Fund will be held at 10:00 a.m., Eastern time on June 30, 2025 at the offices of DWS Investment Management Americas, Inc., 875 Third Avenue, New York, New York 10022. Holders of shares of common stock of record of the Funds at the close of business on May 16, 2025 are entitled to vote at the meeting and any postponements or adjournments thereof. At t...

NEW YORK--(BUSINESS WIRE)--BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0380 per share of common stock, payable on June 2, 2025 to shareholders of record at the close of business on May 16, 2025. The ex-dividend date is May 16, 2025. The previous distribution announced April 2, 2025 was $0.0300 per share of common stock. The increase to the Fund’s distribution is primarily due to higher yields earned on the Fund’s investments. The Fund int...

LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (“PSH”) today announced the launch of an offering of its euro-denominated Senior Notes with intermediate tenor (the “Notes”). The net proceeds from the offering of the Notes are expected to be used for general corporate purposes, including to make investments or hold assets in accordance with PSH’s investment policy. Further details regarding the offering of the Notes will be provided in due course as permitted by law. I...

NEW YORK--(BUSINESS WIRE)--BlackRock Health Sciences Term Trust (the “Fund”) announced today the final results of the Fund’s tender offer (the “Tender Offer”) for up to 40% of its outstanding common shares (the “Shares”), which expired on April 17, 2025. The Tender Offer was undersubscribed. Therefore, in accordance with the terms and conditions of the Tender Offer, the Fund will purchase all Shares properly tendered from all tendering shareholders. Payment for Shares tendered and accepted are...

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 May 15, 2025, to shareholders of record as of May 1, 2025. The ex-dividend date is expected to be May 1, 2025. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF): Distributio...

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB) (the “Fund”) held on April 21, 2025 has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into FT Confluence BDC & Specialty Finance Income ETF, a newly formed series of First T...

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on May 15, 2025, to shareholders of record as of May 1, 2025. The ex-dividend date is expected to be May 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.097 Distribut...

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.075 per share payable on May 15, 2025, to shareholders of record as of May 1, 2025. The ex-dividend date is expected to be May 1, 2025. The monthly distribution information for the Fund appears below. First Trust Mortgage Income Fund (FMY): Distribution per share: $0.075 Distribution Rate based on the April 17...