Latest news with #BoardOfTrustees
Globe and Mail
2 days ago
- Business
- Globe and Mail
Templeton Emerging Markets Income Fund ('TEI' or the 'Fund') Announces Distribution
Templeton Emerging Markets Income Fund [NYSE: TEI] today announced a monthly distribution from net investment income of $0.0475 per share, payable on August 29, 2025, to shareholders of record on August 18, 2025 (Ex-Dividend Date: August 18, 2025). The Fund's Board of Trustees (the 'Board') has authorized a managed distribution plan (the 'Plan') pursuant to which the Fund makes monthly distributions to shareholders at the fixed rate of $0.0475 per share. The Plan is intended to provide shareholders with consistent distributions each month and is intended to narrow the discount between the market price and the net asset value ('NAV') of the Fund's common shares, but there can be no assurance that the Plan will be successful in doing so. The Fund is managed with a goal of generating as much of the distribution as possible from net ordinary income and short-term capital gains, that is consistent with the Fund's investment strategy and risk profile. To the extent that sufficient distributable income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution rate. A return of capital may occur, for example, when some or all of the money that was invested in the Fund is paid back to shareholders. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. Even though the Fund may realize current year capital gains, such gains may be offset, in whole or in part, by the Fund's capital loss carryovers from prior years. The Board may amend the terms of the Plan or terminate the Plan at any time without prior notice to the Fund's shareholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund's common shares. The Plan will be subject to the periodic review by the Board, including a yearly review of the fixed rate to determine if an adjustment should be made. Shareholders should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Plan. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund's distributions for federal income tax purposes. For further information on Templeton Emerging Markets Income Fund, please visit our web site at: Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.61 trillion in assets under management as of June 30, 2025. For more information, please visit
Yahoo
3 days ago
- Business
- Yahoo
O'Farrell Elected Chairman Of TOBA Board Of Trustees
O'Farrell Elected Chairman Of TOBA Board Of Trustees originally appeared on Paulick Report. The Thoroughbred Owners and Breeders Association announced today the election of David O'Farrell as chairman of its Board of Trustees. Also joining O'Farrell on the Board of Trustees to serve three-year terms as new members are Jonathan Green, Walker Hancock, Dean Reeves, and Adrian to three-year terms were current trustees Billy Koch, Braxton Lynch, David O'Farrell, and Francis Vanlangendonck.'I am honored to be re-elected as TOBA chairman,' said David O'Farrell. 'Our board of trustees and the TOBA membership represent an important constituency, and we look forward to working with other industry stakeholders to improve the economics and integrity of the sport.' Following its annual members meeting, the TOBA Board of Trustees met to elect officers for the association. Officers named for 2025-2026 are: David O'Farrell, chairman, Garrett O'Rourke, vice-chairman, Dan Metzger, president; Brant Laue, secretary; and Jonathan Green, treasurer. Brant Laue was re-elected chair of the American Graded Stakes Committee. Also, the TOBA Board approved the appointment of Bret Jones and the reappointment of David O'Farrell to the American Graded Stakes Committee. The 2025-2026 committee is comprised of TOBA members Brant Laue (chair), Walker Hancock, Bret Jones, Billy Koch, David O'Farrell, and Alex Solis II and racing officials Gatewood Bell (Keeneland), Dan Bork (Churchill Downs and Colonial Downs), Rick Hammerle (Kentucky Downs and 1ST Racing), Andrew Offerman (NYRA), and Tora Yamaguchi (Del Mar). This story was originally reported by Paulick Report on Aug 6, 2025, where it first appeared.
Yahoo
4 days ago
- Business
- Yahoo
Manor ISD calls for $385M bond election for November, here's why
AUSTIN (KXAN) — The Manor Independent School District Board of Trustees called for a multi-million bond election to appear on voters' ballots this November. The board unanimously approved calling for a $385 million bond election to appear on the Nov. 4 ballot 'after months of engagement and planning centered around improving student safety, updating learning environments and providing access to up-to-date technology,' according to the school district. The bond is broken into three propositions, with Proposition A being the most expansive: Prop A: Safety, facility improvements, and bus replacements Prop B: Technology upgrades Prop C: A new fine arts addition Manor ISD said if the bond is approved, there will be no tax rate increase for homeowners. Prop A According to the Manor ISD website, the total cost for Proposition A would be $359.5 million. Prop A projects would include: Purchasing new and additional security cameras Access control (badging system) upgrades Network infrastructure and security to support panic buttons and emergency communication PA systems Class translation system Blake Manor Elementary School renovations and upgrades Bluebonnet Trail Elementary School renovations and upgrades Decker Elementary School renovations and upgrades Shadowglen Elementary School classroom addition Child Development Center relocation costs Manor High School Farmhouse renovation for special education 18+ program Manor High School renovations to house MEA in the future Manor New Tech High School renovations and additions to increase capacity to 1,200 Manor High School complex addition Renovate what was formerly the Manor Elementary Early Learning Center, or MEELC, for admin and student programs Maintenance building expansion and renovation Districtwide maintenance and 5-year renewal projects (Roofs, HVAC, etc.) Purchase of new buses Prop B The total cost for Proposition B projects would be $8.5 million, per the district's website. The projects under this proposition would include 'new devices for scholars and staff districtwide,' the website said. Prop C Projects under Prop C would include performing arts additions at the Manor High School Complex and would cost a total of $16.5 million, according to the district. Manor ISD's website says a community meeting schedule will be held soon. More information can be found online. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Yahoo
5 days ago
- Entertainment
- Yahoo
MOCA shakeup: Ann Goldstein named interim director as Johanna Burton departs
The Museum of Contemporary Art has appointed former senior curator Ann Goldstein as its interim director, beginning Aug. 18. The Board of Trustees said Wednesday that it has launched an international search for a new permanent director. The move comes less than a week after the Institute of Contemporary Art at the University of Pennsylvania announced that MOCA's current director, Johanna Burton, would be its new director, with a start date of Nov. 1. MOCA did not issue its own press release about the leadership shakeup until Wednesday. When news of Burton's departure broke, she said she timed her exit to still be able to oversee the opening of MOCA's highly anticipated "Monuments" exhibit, which is scheduled for Oct. 23. But a source close to MOCA, who asked to remain anonymous because they were not authorized to speak on the record, said Burton's last day is Friday. MOCA declined to comment on the timing of Burton's departure or the discrepancy between when Burton said she was leaving and the museum's announcement that Goldstein will start in her role Aug. 18, but Burton confirmed her earlier departure to The Times. Read more: MOCA senior staffers quit, citing resistance to diversity plan and 'hostile' workplace Burton said she offered to stay until the last minute before she was scheduled to begin her new job, but that MOCA's board, "Probably just realized that it needed to move more quickly towards thinking about the next phase, which makes sense to me." "I think everybody just has the best interest of the museum in mind," Burton said, adding that she is proud of her time with MOCA and leaves with only good feelings about what she and her staff have accomplished over the past four years. "I'm delighted that they're in a position where that kind of runway can be taken up by somebody who is as wonderful as Ann, and it makes me feel really good handing it off." Goldstein has a long history with MOCA, having shaped her career at the museum, beginning in 1983 — just a few years after the museum was established. Over the next two and a half decades, Goldstein rose to senior curator. From 2009 to 2013, she served as director of the Stedelijk Museum in Amsterdam and in 2016 she became deputy director of the Art Institute of Chicago. "No one knows MOCA like Ann. Her deep institutional knowledge and passion for our collection and community coupled with her international directorial expertise makes her the ideal leader to maintain the museum's momentum,' said Carolyn Clark Powers, chair of MOCA's board of trustees. "While Johanna Burton's departure marks a moment of transition for MOCA, thanks to her leadership the museum is well positioned for the future.' Read more: Two rewarding MOCA permanent collection exhibits map L.A. art — and the museum's limits Burton is the fifth director to leave MOCA since 2008. She became the museum's first female director four years ago in what The Times called "something of an embarrassed addendum" to the news that MOCA's former director and recently named artistic director Klaus Biesenbach had taken a job in Berlin. Two weeks prior, MOCA had announced that Burton would assume the role of executive director to co-run the museum with Biesenbach as part of a management restructuring plan. Suddenly alone in the top role, Burton became the museum's seventh director in MOCA's nearly 40-year history. The museum was emerging from a period of instability after a series of public stumbles, including a canceled fundraising gala due to public outcry over a lack of diversity in its honorees, the firing of chief curator Helen Molesworth and what many considered to be an unexpected announcement that former director Philippe Vergne wouldn't renew his five-year contract. Despite the internal turmoil and a significant drop in membership, as well as a COVID-19-induced closure that lasted more than a year, MOCA's endowment hit a high watermark of $170 million at the time of Burton's initial appointment. Get notified when the biggest stories in Hollywood, culture and entertainment go live. Sign up for L.A. Times entertainment alerts. This story originally appeared in Los Angeles Times. Solve the daily Crossword
Globe and Mail
01-08-2025
- Business
- Globe and Mail
Eaton Vance Closed-End Funds Release Estimated Sources of Distributions
The Eaton Vance closed-end funds listed below released today the estimated sources of their July distributions (each a 'Fund'). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the July distribution. It is not determinative of the tax character of a Fund's distributions for the 2025 calendar year. Shareholders should note that each Fund's total regular distribution amount is subject to change as a result of market conditions or other factors. IMPORTANT DISCLOSURE: You should not draw any conclusions about each Fund's investment performance from the amount of this distribution or from the terms of each Fund's Plan. Each Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in each Fund is paid back to you. A return of capital distribution does not necessarily reflect each Fund's investment performance and should not be confused with 'yield' or 'income.' The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and/or tax reporting purposes will depend upon each Fund's investment experience during the remainder of its fiscal year and July be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. The following tables set forth estimates of the sources of each Fund's July distribution and its cumulative distributions paid for its fiscal year through July 31, 2025, and information relating to each Fund's performance based on its net asset value (NAV) for certain periods. Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) Distribution Period: July- 2025 Distribution Amount per Common Share: $0.1338 Distribution Frequency: Monthly Fiscal Year End: September Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date % of the Cumulative Distributions for the Fiscal Year-to-Date Net Investment Income $0.0000 0.00% $0.0000 0.00% Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00% Net Realized Long-Term Capital Gains $0.1338 100.00% $1.3380 100.00% Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00% Total per common share $0.1338 100.00% $1.3380 100.00% Average annual total return at NAV for the 5-year period ended on June 30, 2025 1 15.23% Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2025 2 7.81% Cumulative total return at NAV for the fiscal year through June 30, 2025 3 7.79% Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2025 4 5.86% Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS) Distribution Period: July- 2025 Distribution Amount per Common Share: $0.1523 Distribution Frequency: Monthly Fiscal Year End: December Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date % of the Cumulative Distributions for the Fiscal Year-to-Date Net Investment Income $0.0000 0.00% $0.0000 0.00% Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00% Net Realized Long-Term Capital Gains $0.1523 100.00% $1.0661 100.00% Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00% Total per common share $0.1523 100.00% $1.0661 100.00% Average annual total return at NAV for the 5-year period ended on June 30, 2025 1 14.46% Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2025 2 7.75% Cumulative total return at NAV for the fiscal year through June 30, 2025 3 5.40% Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2025 4 3.88% Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) Distribution Period: July- 2025 Distribution Amount per Common Share: $0.0651 Distribution Frequency: Monthly Fiscal Year End: December Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date % of the Cumulative Distributions for the Fiscal Year-to-Date Net Investment Income $0.0000 0.00% $0.0000 0.00% Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00% Net Realized Long-Term Capital Gains $0.0651 100.00% $0.2193 48.1% Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.2364 51.9% Total per common share $0.0651 100.00% $0.4557 100.00% Average annual total return at NAV for the 5-year period ended on June 30, 2025 1 9.67% Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2025 2 8.08% Cumulative total return at NAV for the fiscal year through June 30, 2025 3 3.87% Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2025 4 4.04% Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) Distribution Period: July- 2025 Distribution Amount per Common Share: $0.1646 Distribution Frequency: Monthly Fiscal Year End: October Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date % of the Cumulative Distributions for the Fiscal Year-to-Date Net Investment Income $0.0239 14.5% $0.2477 16.7% Net Realized Short-Term Capital Gains $0.0000 0.0% $0.0000 0.0% Net Realized Long-Term Capital Gains $0.1407 85.5% $1.2337 83.3% Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00% Total per common share $0.1646 100.00% $1.4814 100.00% Average annual total return at NAV for the 5-year period ended on June 30, 2025 1 13.51% Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2025 2 7.58% Cumulative total return at NAV for the fiscal year through June 30, 2025 3 4.67% Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2025 4 5.05% Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO) Distribution Period: July- 2025 Distribution Amount per Common Share: $0.1733 Distribution Frequency: Monthly Fiscal Year End: October Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date % of the Cumulative Distributions for the Fiscal Year-to-Date Net Investment Income $0.1095 63.2% $0.4816 30.9% Net Realized Short-Term Capital Gains $0.0000 0.0% $0.0000 0.0% Net Realized Long-Term Capital Gains $0.0638 36.8% $0.7724 49.5% Return of Capital or Other Capital Source(s) $0.0000 0.0% $0.3057 19.6% Total per common share $0.1733 100.00% $1.5597 100.00% Average annual total return at NAV for the 5-year period ended on June 30, 2025 1 14.36% Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2025 2 7.11% Cumulative total return at NAV for the fiscal year through June 30, 2025 3 11.25% Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2025 4 4.74% Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB) Distribution Period: July- 2025 Distribution Amount per Common Share: $0.1058 Distribution Frequency: Monthly Fiscal Year End: December Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date % of the Cumulative Distributions for the Fiscal Year-to-Date Net Investment Income $0.0029 2.8% $0.0281 3.8% Net Realized Short-Term Capital Gains $0.0000 0.0% $0.0000 0.0% Net Realized Long-Term Capital Gains $0.1029 97.2% $0.3473 46.9% Return of Capital or Other Capital Source(s) $0.0000 0.0% $0.3661 49.3% Total per common share $0.1058 100.00% $0.7406 100.00% Average annual total return at NAV for the 5-year period ended on June 30, 2025 1 12.01% Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2025 2 8.34% Cumulative total return at NAV for the fiscal year through June 30, 2025 3 2.19% Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2025 4 4.17% Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) Distribution Period: July- 2025 Distribution Amount per Common Share: $0.0993 Distribution Frequency: Monthly Fiscal Year End: December Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date % of the Cumulative Distributions for the Fiscal Year-to-Date Net Investment Income $0.0010 1.0% $0.0115 1.7% Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00% Net Realized Long-Term Capital Gains $0.0000 0.00% $0.3868 55.6% Return of Capital or Other Capital Source(s) $0.0983 99.0% $0.2968 42.7% Total per common share $0.0993 100.00% $0.6951 100.00% Average annual total return at NAV for the 5-year period ended on June 30, 2025 1 11.61% Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2025 2 8.22% Cumulative total return at NAV for the fiscal year through June 30, 2025 3 1.26% Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2025 4 4.11% Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY) Distribution Period: July- 2025 Distribution Amount per Common Share: $0.0992 Distribution Frequency: Monthly Fiscal Year End: October Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date % of the Cumulative Distributions for the Fiscal Year-to-Date Net Investment Income $0.0000 0.00% $0.0000 0.00% Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00% Net Realized Long-Term Capital Gains $0.0992 100.00% $0.8928 100.0% Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00% Total per common share $0.0992 100.0% $0.8928 100.0% Average annual total return at NAV for the 5-year period ended on June 30, 2025 1 15.10% Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2025 2 7.82% Cumulative total return at NAV for the fiscal year through June 30, 2025 3 7.73% Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2025 4 5.21% Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW) Distribution Period: July- 2025 Distribution Amount per Common Share: $0.0664 Distribution Frequency: Monthly Fiscal Year End: December Net Investment Income $0.0119 17.9% $0.0618 13.3% Net Realized Short-Term Capital Gains $0.0000 0.0% $0.0000 0.0% Net Realized Long-Term Capital Gains $0.0341 51.4% $0.1558 33.5% Return of Capital or Other Capital Source(s) $0.0204 30.7% $0.2473 53.2% Total per common share $0.0664 100.00% $0.4649 100.00% Average annual total return at NAV for the 5-year period ended on June 30, 2025 1 10.05% Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2025 2 8.40% Cumulative total return at NAV for the fiscal year through June 30, 2025 3 6.99% Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2025 4 4.20% Eaton Vance Tax-Advantaged Global Dividend Income (NYSE: ETG) Distribution Period: July- 2025 Distribution Amount per Common Share: $0.1293 Distribution Frequency: Monthly Fiscal Year End: October Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date % of the Cumulative Distributions for the Fiscal Year-to-Date Net Investment Income $0.1125 87.0% $0.4449 38.2% Net Realized Short-Term Capital Gains $0.0000 0.0% $0.0000 0.0% Net Realized Long-Term Capital Gains $0.0000 0.0% $0.6627 57.0% Return of Capital or Other Capital Source(s) $0.0168 13.0% $0.0561 4.8% Total per common share $0.1293 100.00% $1.1637 100.00% Average annual total return at NAV for the 5-year period ended on June 30, 2025 1 15.26% Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2025 2 7.14% Cumulative total return at NAV for the fiscal year through June 30, 2025 3 11.83% Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2025 4 4.76% Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG) Distribution Period: July- 2025 Distribution Amount per Common Share: $0.0657 Distribution Frequency: Monthly Fiscal Year End: October Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date % of the Cumulative Distributions for the Fiscal Year-to-Date Net Investment Income $0.0089 13.6% $0.0811 13.7% Net Realized Short-Term Capital Gains $0.0000 0.0% $0.0034 0.6% Net Realized Long-Term Capital Gains $0.0321 48.9% $0.4821 81.5% Return of Capital or Other Capital Source(s) $0.0247 37.5% $0.0247 4.2% Total per common share $0.0657 100.00% $0.5913 100.00% Average annual total return at NAV for the 5-year period ended on June 30, 2025 1 12.76% Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2025 2 8.43% Cumulative total return at NAV for the fiscal year through June 30, 2025 3 8.15% Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2025 4 5.62% 1 Average annual total return at NAV represents the change in NAV of the Fund, with all distributions reinvested, for the 5-year period ended on June 30, 2025 2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of June 30, 2025 3 Cumulative total return at NAV is the percentage change in the Fund's NAV for the period from the beginning of its fiscal year to June 30, 2025 including distributions paid and assuming reinvestment of those distributions. 4 Cumulative fiscal year distribution rate for the period from the beginning of its fiscal year to June 30, 2025 measured on the dollar value of the distributions in year-to-date period as a percentage of the Fund's NAV as of June 30, 2025
