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CBS News
a day ago
- Business
- CBS News
FIU trustees unanimously approve Jeanette Nuñez as university president
The Florida International University Board of Trustees on Monday unanimously approved appointing former Lt. Gov. Jeanette Nuñez as the university's president. Nuñez has served as interim president since February and emerged last month as the sole finalist to become president. The appointment remains subject to approval by the state university system's Board of Governors. Nuñez is slated to receive a five-year contract with a base salary of $925,000 and annual performance bonuses of up to $400,000. Nuñez, who received bachelor's and master's degrees at FIU, said the Miami-based school has a tremendous opportunity for growth. "We need to make sure that our reputation matches our reality," Nuñez said. "Our reality is one of academic excellence, one of research and one of aligning with many strategic partners in this community, this state and this country." Roger Tovar, chairman of the Board of Trustees, cited a "combination of professional experience and an extensive network in South Florida and Tallahassee that makes Interim President Nuñez an ideal leader to help transition FIU into the future." Nuñez, a Miami Republican who served in the Florida House before becoming Gov. Ron DeSantis' running mate in 2018, left the lieutenant governor's job to become interim president. She replaced Kenneth Jessell, who had served as FIU's president since 2022. Part of broader changes in Florida's higher education Her move to FIU has been part of a series of changes in the presidencies of state universities and colleges — and efforts by DeSantis to reshape the higher-education system. The university system's Board of Governors on Tuesday is expected to consider the appointment of former University of Michigan President Santa Ono to become president of the University of Florida, while the University of West Florida Board of Trustees last week chose state Education Commissioner Manny Diaz Jr., a DeSantis ally, to serve as the Pensacola school's interim president. Meanwhile, the Florida A&M University Board of Trustees last month chose corporate executive Marva Johnson to become the school's president, while University of South Florida President Rhea Law has announced plans to resign. Also, former state House Majority Leader Adam Hasner was selected in February to serve as president of Florida Atlantic University. Carlos Duart, an FIU trustee who led the school's search committee, wrote in a message to the university community last month that the committee selected three finalists, but two said they would only continue to a public phase of the process if they were chosen as the lone candidate. The identities of presidential candidates at state universities and colleges are largely shielded from release. "Given her proven record of leadership and unique qualifications, the committee unanimously agreed to move Interim President Nuñez forward as its sole finalist for consideration by the FIU Board of Trustees," Duart wrote in last month's message. But it also has been widely speculated that DeSantis played a role in Nuñez getting the FIU job, something trustee Dean Colson appeared to acknowledge Monday as he supported her appointment. "I believe she will be a very successful president, and to be honest, if we don't pick her as our president, I suspect that tomorrow we are going to find out who the governor's office's second pick is," Colson said. "I really like our first pick, so why would I take that chance?"
Associated Press
a day ago
- Business
- Associated Press
DoubleLine Yield Opportunities Fund Declares June 2025 Distribution
TAMPA, Fla., June 2, 2025 /PRNewswire/ -- The DoubleLine Yield Opportunities Fund (the 'Fund'), which is traded on the New York Stock Exchange under the symbol DLY, has declared a distribution of $0.1167 per share for the month of June 2025. The distribution is subject to the following ex-dividend, record and payment dates set by the Fund's Board of Trustees. This news release is not for tax reporting purposes. The news release has been issued to announce the amount and timing of the distribution declared by the Board of Trustees. Distributions may include ordinary income, capital gains or return of capital. The amount of distributable income and the tax characteristics of the Fund's distributions are determined at the end of the taxable year. In early 2026, the Fund will send shareholders a Form 1099-DIV specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return. About DoubleLine Yield Opportunities Fund The Fund's investment objective is to seek a high level of total return, with an emphasis on current income. DoubleLine believes active asset allocation across a broad range of fixed income sectors with a disciplined approach to risk management offers value-added opportunities for both income and capital growth. The Fund cannot ensure that it will achieve its investment objective, and investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment. About DoubleLine Capital LP DoubleLine Capital is an investment adviser registered under the Investment Advisers Act of 1940. DoubleLine's offices can be reached by telephone at (813) 791-7333 or by email at [email protected]. Media can reach DoubleLine by email at [email protected]. DoubleLine® is a registered trademark of DoubleLine Capital LP. To read about the DoubleLine Yield Opportunities Fund, please access the Semiannual and Annual Reports, when available, at or call 877-DLINE11 (877-354-6311) to receive a copy. Investors should consider the Fund's investment objective, risks, charges and expenses carefully before investing. An investment in the Fund should not constitute a complete investment program. This document is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale or offer of these securities, in any jurisdiction where such sale or offer is not permitted. Fund investing involves risk. Principal loss is possible. Shares of closed-end investment companies frequently trade at a discount to their net asset value, which may increase investors' risk of loss. This risk may be greater for investors expecting to sell their shares in a relatively short period after the completion of the public offering. There are risks associated with investment in the fund. An investment in the Fund involves certain risks arising from, among other things, the Fund's ability to invest without limit in debt securities that are at the time of investment rated below investment grade or unrated securities judged by DoubleLine to be of comparable quality (a category of investment that includes securities commonly referred to as 'high yield' securities or 'junk bonds'). Securities of below investment grade quality are regarded as having predominantly speculative characteristics with respect to the issuer's capacity to pay interest and to repay principal when due. An investment in the Fund is also subject to the risk of the use of leverage. Investments in debt securities typically decline in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. Past performance is no guarantee of future results. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets. Investments in lower rated and non-rated securities present a greater risk of loss to principal and interest than higher rated securities. Investment strategies may not achieve the desired results due to implementation lag, other timing factors, portfolio management decisions-making, economic or market conditions or other unanticipated factors. In addition, the Fund may invest in other asset classes and investments such as, among others, REITs, credit default swaps, short sales, derivatives and smaller companies which include additional risks. The Fund is a non-diversified, limited term, closed-end management investment company. This material may include statements that constitute 'forward-looking statements' under the U.S. securities laws. Forward-looking statements include, among other things, projections, estimates, and information about possible or future results related to the Fund, market or regulatory developments. The views expressed herein are not guarantees of future performance or economic results and involve certain risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially from the views expressed herein. The views expressed herein are subject to change at any time based upon economic, market, or other conditions and DoubleLine undertakes no obligation to update the views expressed herein. While we have gathered this information from sources believed to be reliable, DoubleLine cannot guarantee the accuracy of the information provided. Any discussions of specific securities should not be considered a recommendation to buy or sell those securities. The views expressed herein (including any forward-looking statements) may not be relied upon as investment advice or as an indication of the Fund's trading intent. Information included herein is not an indication of the Fund's future portfolio composition. Distributions include all distribution payments regardless of source and may include net income, capital gains, and/or return of capital (ROC). ROC should not be confused with yield or income. The Fund's Section 19a-1 Notice, if applicable, contains additional distribution composition information and may be obtained by visiting Final determination of a distribution's tax character will be reported on Form 1099 DIV and sent to shareholders. On a tax basis, as of May 30, 2025, the estimated component of the cumulative distribution for the fiscal year-to-date would include an estimated return of capital of $0.0384 (4%) per share. This amount is an estimate and the actual amounts and sources for tax reporting purposes may change upon final determination of tax characteristics and may be subject to changes based on tax regulations. Any tax or legal information provided is merely a summary of our understanding and interpretation of some of the current income tax regulations and is not exhaustive. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give legal or tax advice. Foreside Funds Services, LLC provides marketing review services for DoubleLine Capital LP. ©2025 DoubleLine Capital LP. View original content to download multimedia: SOURCE DoubleLine
Yahoo
3 days ago
- Business
- Yahoo
EPISD board to take up superintendent's status — again
EL PASO, Texas (KTSM) — After a five-hour marathon meeting to discuss the employment status of Superintendent Diana Sayavedra, the El Paso Independent School District Board of Trustees is scheduled to take up the topic again in a special meeting on Tuesday, June 3. The meeting will be held at 4 p.m. Tuesday at the EPISD Administration Building, 1014 N. Stanton St. The agenda for the meeting said they will consult with legal counsel concerning issues relating to the superintendent's duties, responsibilities and employment status. Any action will be taken in public session either at this meeting or at a future meeting, the agenda said. Possible actions listed included: discussion and action to approve a voluntary separation agreement with the superintendent; discussion and action on the superintendent's duties, responsibilities and employment status; and discussion and action to appoint an interim superintendent. It is not clear if there are enough votes to end Sayavedra's tenure as superintendent. El Paso ISD board takes no action on superintendent after marathon meeting During an emotionally charged meeting on May 27, the board discussed Sayavedra's employment status and possible future with the district for five hours, before adjourning and not taking action shortly after 10:30 p.m. Speaker after speaker defended Sayavedra, who has led the district since January 2022 and received a five-year contract extension last year. Some also warned that such a move would destabilize the district and force it to spend money on a buyout. The district is estimating that it is facing a $17 million shortfall for the 2025-26 school year. After hearing public comment, the board went into executive session for about two hours, came back out and heard more public comment. Briefly, the board discussed the superintendent in public session and that's when sparks flew among the board. Trustee Daniel Call said that new Board President Leah Hanany was leading the effort to oust Sayavedra 'not because of poor performance or scandal, but because she wouldn't bend the knee' to Hanany. Call also said that during the board's last search for a superintendent, Hanany advocated for a candidate who was a 'crony' and that is what she was seeking to do again, if she was successful in ousting Sayavedra. Hanany made a brief statement before adjourning the meeting without the board taking any action. Hanany accused Call of lying and violating a non-disclosure agreement from the superintendent search. She said she would not violate that same agreement and said that made defending herself impossible. Also, during the past week, the Texas Education Agency (TEA) confirmed that a complaint had been filed against Hanany. TEA: Complaint filed against EPISD board president 'TEA can confirm that a complaint has been filed and is currently under review. As is the case for all complaints submitted to the agency, the complaint is reviewed to determine what next steps, if any, are necessary,' reads part of TEA's statement. All this comes after the shape of the EPISD board was drastically altered after the May 3 school board election. Two incumbents — Israel Irrobali and Isabel Hernandez — were defeated for re-election. Newcomers Mindy Sutton and Robert Osterland were elected in their place. Also, Hanany and fellow incumbent Jack Loveridge were elected to new terms. Loveridge, who had been appointed to his seat after Josh Acevedo was elected to the City Council, was elected to a term in his own right. When the new board met for the first time, Hanany was elected the new board president and Loveridge as vice president. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
RNZ News
6 days ago
- Business
- RNZ News
Almost $365,000 misappropriated by one person at Dunedin school
The board thanked its staff for their willingness to assist. Photo: RNZ / Ian Telfer A Dunedin high school has revealed close to $365,000 was misappropriated by one person over five years. Logan Park High School emailed parents on Thursday "in the interests of transparency" after an external accountant first discovered the missing funds last year. It happened between 2019 and 2024. The school's board of trustees said it was an isolated incident involving one individual and a thorough review had been conducted. "It's important to note that this matter has now been fully resolved, and we want to share the outcome with our whānau to reassure you that moving forward, our systems and processes are robust," the board said. The misappropriated funds had been full recovered along with legal and accounting costs, but the board said it had to wait until after the investigation and audit were completed before disclosing what happened to ensure due process was followed. The audit process had recently been signed off and the total amount of $364,884 (GST inclusive) was published in the 2023 full Annual Report. The board acknowledged the news might come as a surprise, but said the Office of the Auditor-General has been consulted and the financial risk to the school as a result of this issue had been eliminated. "After uncovering the issue, we identified necessary improvements and changes to our processes, which were implemented immediately in 2024 to strengthen our internal policies and ensure that this won't happen again," the board said. "This includes third-party professional support." The board thanked its staff for their willingness to assist, saying their cooperation had been invaluable in helping it to resolve the matter and strengthen the school's financial safeguards. "We have fully cooperated with the audit process throughout and remain committed to upholding the highest standards of integrity in our school's financial management," the board said. "The school has remained in a stable and secure financial position throughout this period." The Ministry of Education's Acting Hautū Te Tai Runga, Andrea Williams, said the ministry was aware of the matter and would be working with the school to better understand the processes they followed. Police would not confirm if they were involved.
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Northwest Healthcare Properties Real Estate Investment Trust Announces Election of Trustees, a New Chair of the Board, and the Formation of an Investment Committee
Toronto, Ontario--(Newsfile Corp. - May 27, 2025) - Northwest Healthcare Properties Real Estate Investment Trust (TSX: (the " REIT" or " Northwest") today announced the results of its 2025 annual meeting of unitholders (the " Meeting"). The REIT also announced the appointment of Robert Julien as Chair of the Board of Trustees (the " Board") and the formation of an Investment Committee. Voting Results All of the nominees listed in the Management Information Circular, dated April 1, 2025, prepared in connection with the Meeting were elected as Trustees. Detailed results of the vote for the election of the Board held at the Meeting are set out below: The REIT's report of voting results on other matters presented at the Meeting can be found at The Board and Management team of the REIT would like to thank Dale Klein, the departing Chair of the Board, for his commitment and valuable contributions to the REIT and wish him the best in his future endeavours. 'On behalf of the Board, we extend our thanks to Dale Klein for his leadership and dedication over the past few years,' said Robert Julien, incoming Chair of the Board of Northwest. 'His guidance during a pivotal period-shaping strategy, enhancing governance, and refocusing leadership-has been instrumental. His efforts in transforming Northwest's capital structure have laid the foundation for long-term success. We wish him all the best in his future endeavours.' Chair of the Board and Investment Committee Following the Meeting, the REIT's Board appointed Robert Julien as Chair of Board. Maureen O'Connell and Laura King will continue as Chair of the Audit Committee and Chair of the Compensation, Governance & Nominating Committee, respectively. The Board also formed an Investment Committee and appointed Graham Garner as Chair of the Investment Committee. About Northwest Healthcare Properties Real Estate Investment Trust Northwest provides investors with access to a portfolio of high-quality international healthcare real estate infrastructure comprised as at May 14, 2025, of interests in a diversified portfolio of 169 income-producing properties and 15.8 million square feet of gross leasable area located throughout major markets in North America, Brazil, Europe, and Australasia. The REIT's portfolio of medical outpatient buildings, clinics, and hospitals is characterized by long-term indexed leases and stable occupancies. Northwest leverages its global workforce in eight countries to serve as a long-term real estate partner to leading healthcare operators. For additional information please visit:
