Latest news with #Fund
Indian Express
7 hours ago
- Business
- Indian Express
Now, Delhi's civic body can use CM & MLA funds to fast-track infra projects
To fast-track infrastructure projects, enhance transparency and eliminate financial hurdles, the Delhi government has introduced key reforms in schemes like the Chief Minister Development Fund (CMDF) and MLA Local Area Development (MLALAD) Fund, Chief Minister Rekha Gupta said on Thursday. Now, the Municipal Corporation of Delhi (MCD) can use the CMDF and MLALAD funds to carry out development works. Earlier, such projects could only be executed through the Irrigation and Flood Control Department (I&FC) or the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC), she added. 'This often caused delays in completing smaller projects, as these departments prioritised larger works. With this change, minor development works will now be handled more swiftly by the municipal corporation,' Gupta said in a statement. She added that changes have also been introduced in releasing payments for these projects. 'The first instalment, amounting to 10% of the estimated cost, will be released to executing agencies at the time of project approval. The second instalment, which along with the first instalment, will make up 50% of the tender amount, will be released upon submission of the required documents.' The remaining 50% will be released on completion of work, said officials. Gupta emphasised that this reform will significantly reduce delays in payments to construction companies and contractors. 'From the day we assumed office, our priority has been to revive and accelerate development works. During our review, it became evident that certain procedural changes could significantly speed up project execution,' said Gupta.
Toronto Star
9 hours ago
- Business
- Toronto Star
Brookfield Real Assets Income Fund Inc. Announces Quarterly Webcast
NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) — Brookfield Public Securities Group LLC ('PSG') will host a webcast for Brookfield Real Assets Income Fund Inc. (NYSE: RA) (the 'Fund') on Thursday, August 7, 2025 at 4:30pm ET. PSG will provide an update on the Fund and on general market conditions. There will be an opportunity to ask questions about the Fund during the call. Questions may also be submitted ahead of the call by sending an e-mail to ir@ Registration and Webcast Link: ARTICLE CONTINUES BELOW Audio only: +1 323-794-2442 or 800-289-0462 Event Code: 377740 It is not necessary to dial into the audio conference, unless you are unable to join via the webcast URL. A replay will be available via this link shortly following the webcast. A transcript of the webcast will also be available by calling 855-777-8001 or by sending an e-mail request to the Fund at ir@ Brookfield Real Assets Income Fund Inc is managed by Brookfield Public Securities Group LLC (PSG). The Fund uses its website as a channel of distribution of material information about the Fund. Financial and other material information regarding the Fund is routinely posted on and accessible at Contact information: Investing involves risk; principal loss is possible. A fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Read the prospectus carefully before investing. Brookfield Real Assets Income Fund Inc. is distributed by Foreside Fund Services, LLC.
Hamilton Spectator
9 hours ago
- Business
- Hamilton Spectator
Brookfield Real Assets Income Fund Inc. Announces Quarterly Webcast
NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) — Brookfield Public Securities Group LLC ('PSG') will host a webcast for Brookfield Real Assets Income Fund Inc. (NYSE: RA) (the 'Fund') on Thursday, August 7, 2025 at 4:30pm ET. PSG will provide an update on the Fund and on general market conditions. There will be an opportunity to ask questions about the Fund during the call. Questions may also be submitted ahead of the call by sending an e-mail to ir@ . Registration and Webcast Link: Audio only: +1 323-794-2442 or 800-289-0462 Event Code: 377740 It is not necessary to dial into the audio conference, unless you are unable to join via the webcast URL. A replay will be available via this link shortly following the webcast. A transcript of the webcast will also be available by calling 855-777-8001 or by sending an e-mail request to the Fund at ir@ . Brookfield Real Assets Income Fund Inc is managed by Brookfield Public Securities Group LLC (PSG). The Fund uses its website as a channel of distribution of material information about the Fund. Financial and other material information regarding the Fund is routinely posted on and accessible at Contact information: Investing involves risk; principal loss is possible. A fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Read the prospectus carefully before investing. Brookfield Real Assets Income Fund Inc. is distributed by Foreside Fund Services, LLC.
Business Wire
13 hours ago
- Business
- Business Wire
Deadline Alert: Easterly ROCMuni High Income Municipal Bond Fund (RMHIX, RMHVX, RMJAX) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP reminds investors of the upcoming September 22, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Easterly ROCMuni High Income Municipal Bond Fund f/k/a Principal Street High Income Municipal Fund ('Easterly' or the 'Fund') (NASDAQ: RMHIX, RMHVX, RMJAX) shares between , inclusive (the 'Class Period'). IF YOU SUFFERED A LOSS ON YOUR EASTERLY INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS. What Happened? On June 13, 2025, the Fund abruptly slashed the value of its shares by 30%, with the value of shares continuing to fall in subsequent days. Industry news source The Bond Buyer reported the collapse was indicative of Fund-specific issues like 'flawed pricing,' 'illiquidity,' and the fact that the Fund was insufficiently 'diversified.' The article further noted that the Fund was heavily invested in junk investments with a 'lack of credit transparency.' According to the article, many bonds traded at a massive discount to their previously evaluated prices, including one instance where an investor paid just four cents for what had previous been represented as $3.2 million in bonds for a metal recycling company. The total net assets of the Fund have collapsed from over $230 million as of March 31, 2025 to less than $17 million as of July 8, 2025. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Fund's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Fund had marked tens of millions of dollars' worth of its portfolio assets at artificially inflated prices that did not reasonably reflect the fair value of those assets; (2) that the Fund had implemented a fundamentally flawed pricing and valuation methodology which had systematically inflated the Fund's net asset value ('NAV') and individual asset valuations; (3) that the Fund was more heavily invested in illiquid assets than disclosed in the Offering Materials; (4) That the Fund's assets were more closely correlated and less diversified than disclosed in the Offering Materials; (5) That, as a result of the foregoing, the Fund's stated NAV, NAV per share, individual asset valuations, and historical performance were materially overstated; (6) that, as a result, the Fund was subject to a material undisclosed risk of a sudden collapse in the price of Fund shares; and (7) as a result, Defendants' positive statements about the Fund's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you purchased or otherwise acquired Easterly shares during the Class Period, you may move the Court no later than September 22, 2025 to request appointment as lead plaintiff in this putative class action lawsuit. Contact Us To Participate or Learn More: If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Charles Linehan, Esq., Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles California 90067 Email: shareholders@ Telephone: 310-201-9150, Toll-Free: 888-773-9224 Visit our website at Follow us for updates on LinkedIn, Twitter, or Facebook. If you inquire by email, please include your mailing address, telephone number and number of shares purchased. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Cision Canada
a day ago
- Business
- Cision Canada
BOSTON PIZZA ROYALTIES INCOME FUND AND BOSTON PIZZA INTERNATIONAL INC. TO ANNOUNCE 2025 SECOND QUARTER RESULTS ON AUGUST 14TH
The Toronto Stock Exchange: VANCOUVER, BC, July 30, 2025 /CNW/ - Boston Pizza Royalties Income Fund (the " Fund") (TSX: and Boston Pizza International Inc. (" BPI") announced today that they will issue 2025 second quarter results via news release and on the Fund's website at on the morning of August 14, 2025. The Fund will host a conference call with BPI's President, Jordan Holm and Chief Financial Officer, Michael Harbinson to discuss the results for the second quarter which ended on June 30, 2025. The call will take place on Thursday, August 14, 2025 at 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time). To participate in this conference call, please dial the following toll-free number approximately ten minutes prior to the commencement of the call: 1-833-821-3078 or 1-647-846-2537 A replay will be available until September 14, 2025 on the Fund's website or by dialing: 1-855-669-9658 or 1-412-317-0088 and enter the access code: 3010624 followed by # sign. ABOUT US The Fund is a limited purpose open ended trust with an excellent track record for investors since its IPO in 2002. Including the June 2025 distribution which is payable on July 31, 2025, the Fund will have paid out 270 monthly distributions and three special distributions totaling $468.0 million or $28.14 per unit. The Fund earns revenue based on the franchise system sales of the 372 Boston Pizza restaurants in the Fund's royalty pool. Boston Pizza is the premier casual dining brand in Canada. The first Boston Pizza restaurant opened in Edmonton, Alberta in 1964 and over 60 years later Boston Pizza proudly remains a 100% Canadian company serving communities from coast-to-coast-to-coast. It boasts a vast network of local franchise owners who collectively operate the largest number of dining rooms, sports bars, and patios across the nation, complemented by robust takeout and delivery services. Boston Pizza International Inc. has been recognized as a Franchisees' Choice Designation winner and a Platinum Member of Canada's 50 Best Managed Companies for many years, and has received awards from Great Place To Work in the categories of Best Workplaces: in Canada – 100-999 Employees, in British Columbia, in Retail & Hospitality, for Mental Wellness, for Women, for Giving Back, and with Most Trusted Executive Teams. The trustees of the Fund have approved the contents of this news release. ® Boston Pizza Royalties Limited Partnership. All Boston Pizza registered Canadian trade-marks and unregistered Canadian trade-marks containing the words "Boston", "BP", and/or "Pizza" are trade-marks owned by the Boston Pizza Royalties Limited Partnership and licensed by the Boston Pizza Royalties Limited Partnership to Boston Pizza International Inc.
