Latest news with #BAAA
Yahoo
23-04-2025
- Business
- Yahoo
Brompton Announces the Launch of Brompton Wellington Square AAA CLO ETF
TORONTO, April 23, 2025 (GLOBE NEWSWIRE) -- (TSX: BAAA; BAAA.U) Brompton Funds Limited (the 'Manager') is pleased to announce that Brompton Wellington Square AAA CLO ETF ('BAAA') will commence trading on the Toronto Stock Exchange (the 'TSX') today. A final prospectus dated April 10, 2025 has been filed with the securities regulatory authorities in each province and territory in Canada. The investment objectives of BAAA are to provide unitholders with high monthly income and capital preservation through investment in a portfolio of primarily AAA rated collateralized loan obligations ('CLOs'). BAAA seeks to hedge substantially all of its direct exposure to foreign currencies back to the Canadian dollar. However, any exposure that BAAA's assets allocable to the USD units have to foreign currencies will not be hedged back to the Canadian dollar. BAAA will seek to achieve its investment objectives by investing in a portfolio of CLOs selected by Wellington Square Advisors Inc., the investment sub-advisor to BAAA, generally ranging in credit quality from AAA to BBB, with a minimum of 75% of BAAA's portfolio invested in AAA rated CLOs. Up to 10% of BAAA's portfolio may from time to time be tactically invested in CLOs rated less than BBB. All ratings are measured as at the time of investment. Wellington Square Advisors Inc. ('Wellington Square') is a Toronto-based independent investment advisory led by portfolio managers Jeff Sujitno and Amar Dhanoya. Wellington Square has invested in CLOs for over 10 years with certain staff having specialized expertise gained from working for CLO managers. The Manager has assigned BAAA a risk rating of 'low'. For further details, please refer to BAAA's ETF Facts document available on or on BAAA's home page at About Brompton FundsFounded in 2000, Brompton is an experienced investment fund manager with income and growth focused investment solutions including exchange-traded funds (ETFs) and other TSX traded investment funds. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@ or visit our website at Commissions, management fees and expenses all may be associated with exchange-traded fund investments. Please read the prospectus before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the fund, to the future outlook of the fund and anticipated events or results and may include statements regarding the future financial performance of the fund. In some cases, forward-looking information can be identified by terms such as 'may', 'will', 'should', 'expect', 'plan', 'anticipate', 'believe', 'intend', 'estimate', 'predict', 'potential', 'continue' or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
Yahoo
14-04-2025
- General
- Yahoo
Aircraft type in deadly NY crash that killed Mass. family has history of fatal incidents
You won't find any Mitsubishi Mu-2s at Norwood Airport. It's a relatively rare bird, with production ending almost forty years ago. First introduced in 1963, the twin turboprop was aimed at customers who wanted jet-like performance at lower cost. Its relatively short take-off and landing performance meant the plane could also access smaller fields — even while carrying up to a dozen passengers. 'Unimaginable and sudden loss': Weston High School mourns family killed in New York plane crash But the aircraft racked up a number of incidents over the years. According to the Bureau of Aircraft Accident Archives (BAAA) the MU-2 was involved in 37 fatal accidents worldwide in just the last 25 years — with 72 killed. 'The control surfaces on the Mitsubishi MU-2 are slightly different than on your typical general aviation aircraft,' said Anthony Brickhouse, an Associate Professor of Aerospace Safety at Embry-Riddle Aeronautical University. 'I'm not saying in any way they are unsafe. They are just different and it requires some special training to understand those dynamics.' In fact, proper training appears to have been key in reviving the reputation of the MU-2. In 2008, the FAA enacted SFAR (Special Federal Aviation Regulation) 108 — which mandated additional training for MU-2 pilots. Since then, the BAAA lists just 12 accidents worldwide involving the type — 8 in the United States. And Brickhouse said Mitsubishi continues to push the safety issue with MU-2 operators. 'A few summers ago, I remember actually going to a conference literally just for MU-2 owners and operators,' he said. 'And that entire conference was focused on safety.' Brickhouse said the focus of NTSB investigators will cover people, environment and mechanicals — that is pilot training, pilot response, weather and the plane itself. He said even small clues can offer major evidence. 'How metal breaks, how metal bends can speak to whether something was overloaded or whether it failed from fatigue or something like that,' Brickhouse said. On Sunday, a twin-engine Mitsubishi MU-2B private plane was on its way to the Catskills for a birthday celebration and the Passover holiday when it went down into a muddy field in Copake near the Massachusetts border, killing everyone on board. Among the victims were Karenna Groff, a former MIT soccer player named the 2022 NCAA woman of the year; her father, a neuroscientist, Dr. Michael Groff; her mother, Dr. Joy Saini, a urogynecologist; her brother, Jared Groff, a 2022 graduate of Swarthmore College who worked as a paralegal; James Santoro, Karennas boyfriend and another recent MIT graduate and Alexia Couyutas Duarte, Jared Groff's partner. This is a developing story. Check back for updates as more information becomes available. Download the FREE Boston 25 News app for breaking news alerts. Follow Boston 25 News on Facebook and Twitter. | Watch Boston 25 News NOW
