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Ibotta, Inc. (IBTA) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

PR Newswire


LOS ANGELES  , May 14, 2025 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that investors with losses related to Ibotta, Inc. (“Ibotta” or the “Company”) (NYSE: IBTA) have opportunity to lead the securities fraud class action lawsuit.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN IBOTTA, INC. (IBTA), CLICK HERE BEFORE JUNE 16, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

What Is The Lawsuit About?
The complaint filed alleges that, pursuant and/or traceable to the Company’s April 2024 IPO, Defendants failed to disclose to investors that: (1) Kroger’s contract was at-will; (2) a large client could cancel their contract with Ibotta without warning; (3) despite providing a detailed explanation of the terms of Ibotta’s contract with Walmart, there was not a single warning of the at-will nature of Kroger’s contract; and (4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

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.
The Law Offices of Frank R. Cruz, 
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.

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.

Contact Us:

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz,
Telephone: 310-914-5007
Email: [email protected]
Visit our website at: www.frankcruzlaw.com 

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles

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New PatentVest Pulse Report Reveals IP Gaps in Billion-Dollar Humanoid Robotics Startups

Despite rising valuations, most humanoid robotics startups remain underprotected—leaving long-term value at risk

Dallas, TX, May 14, 2025 (GLOBE NEWSWIRE) — PatentVest, the first fully integrated IP intelligence and strategy firm, has released its latest PatentVest Pulse report on humanoid robotics. Titled “Humanoid Robots:The Disconnect Between IP Strength And VC Funding Of US And European Humanoid Robot Startups” the report uncovers a widening gap between escalating startup valuations and the lack of intellectual property (IP) protections underpinning them. Designed for investors, board members, and CEOs, it offers a strategic view into which companies are positioned to lead—and which are exposed—as capital floods into the humanoid robotics space.

“As capital floods into the space, investors and operators need a clear map of who owns what,” said Will Rosellini, Chief IP Officer at PatentVest. “IP is now a gating factor for scale, licensing, and long-term value capture.”

Key Insights

  • Strategic Leaders Are Emerging: While Figure AI commands attention and capital, Sanctuary AI is quietly building one of the most defensible platforms in the category. Other emerging leaders such as Neura Robotics, Apptronik, and Agility Robotics are gaining traction through focused IP strategies and execution-ready technologies.
  • Corporate IP Consolidation: More than 11,000 humanoid robotics patent families are held by industrial giants including Sony, UBTECH, Honda, Toyota, Hyundai, Alphabet, and Samsung. Among startups, only Sanctuary AI ranks among the global top 20 patent holders, showing just how rare defensible positions remain.
  • University-Led Innovation: Institutions such as Tsinghua University, AIST, Beijing Institute of Technology, KAIST, and the University of Tokyo hold key patents in locomotion, manipulation, and cognitive robotics. Their research continues to shape the core technologies and licensing opportunities that will drive the next wave of commercialization.

About the Report:

The analysis benchmarks the IP portfolios of leading startups—including Figure AI, Sanctuary AI, Apptronik, Tesla Optimus, Neura Robotics, Engineered Arts, 1X Technologies, and Collaborative Robotics—and maps 11,000+ patent families across 794 entities worldwide. It highlights where innovation is happening, who’s protecting it, and how defensible platforms are being built in one of the most capital-intensive, strategically complex technology sectors to emerge in decades.
                                                         
Access the Full Report
The PatentVest Pulse report is now available. Get the data, insights, and strategic intelligence behind the companies shaping the future of humanoid robots: Access the full report here.

For more information or inquiries, please contact [email protected].

About PatentVest

PatentVest, a division of MDB Capital Holdings (Nasdaq: MDBH), is the first integrated IP intelligence, strategy, and law firm designed to help visionary companies become technology leaders. By combining a proprietary database with a proven diligence process and expert analysis, PatentVest delivers actionable insights that help clients navigate complex IP landscapes and stay ahead of the curve. This report is powered by PatentVest’s proprietary IP intelligence platform.



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Suncoast Equity Management Launches its First Actively Managed ETF on New York Stock Exchange

Suncoast Equity Management Launches its First Actively Managed ETF on New York Stock Exchange

Firm brings 27-year track record and proven investment discipline to a broader audience with the launch of its first actively managed ETF, available on the NYSE starting May 14th

TAMPA, Fla.–(BUSINESS WIRE)–Suncoast Equity Management,a boutique investment management firm with a growing presence in the intermediary distribution space, today announced the launch of its first actively managed exchange-traded fund (ETF): the Suncoast Select Growth Fund. Now trading on the New York Stock Exchange (NYSE) under the ticker symbol SEMG, the fund marks a significant milestone for the firm as it expands access to its disciplined investment strategy through a new, investor-friendly vehicle.

SEMG holds a concentrated portfolio of 18 to 22 high-conviction, domestic large-cap growth companies. With a dual objective of capital appreciation and preservation, the strategy targets businesses demonstrating strong earnings growth, consistent free cash flow, robust balance sheets, and durable competitive advantages. Developed and refined over 27 years, the strategy has been managed in a separate account format by Suncoast Equity Management’s Founder and Chief Investment Officer, Donald Jowdy, and Senior Vice President and Co-Portfolio Manager, Amy Lord, CFA, for the past 16 years.

“The launch of SEMG marks an exciting new chapter for Suncoast Equity Management,” said Dan McNichol, President of Suncoast Equity Management. “This ETF allows us to expand access to a time-tested strategy, reaching a wider range of institutional and intermediary partners while staying true to the disciplined approach that has defined our firm for nearly 30 years.”

Jowdy and Lord will continue to lead the strategy within the ETF. Both bring deep experience and a consistent long-term approach to portfolio management that emphasizes rigorous bottom-up research and risk-conscious decision-making. The ETF structure offers key benefits to investors, including daily liquidity, tax efficiency, and greater accessibility for individual and institutional investors alike. The fund was developed in partnership with ETF Architect, a leading fund advisory firm that supported the structure and launch of SEMG.

This evolution to an ETF format was a natural next step, driven by growing interest among key intermediary relationships. By responding to this demand, Suncoast Equity Management reaffirms its long-standing investment philosophy while embracing a structure aligned with modern portfolio construction and broader client access.

“As ETFs continue to become a core component of financial advisors’ portfolio construction, this launch helps deepen our ability to serve both existing and future clients,” added McNichol.

This launch supports a broader strategic evolution at Suncoast, which has grown its institutional intermediary business from $200 million to over $1 billion in assets under management (AUM) and assets under advisement (AUA) over the last five years, bringing total firm assets to approximately $1.8 billion. Today, the firm partners with several nationally recognized financial institutions across wealth management and banking, leveraging those relationships to deliver tailored investment solutions at scale.

For more information about SEMG, including the prospectus, investment details, and how to invest, please visit suncoastequityetf.com.You can also learn more about Suncoast Equity Management at suncoastequity.com.

About Suncoast Equity Management

Founded in 1997, Suncoast Equity Management is a Tampa-based investment management firm specializing in long-term portfolio strategies and comprehensive wealth planning. Through its proprietary Disciplined Investment System (SEM-DIS), Suncoast Equity Management delivers consistent, research-driven results for individuals, families, and institutional partners. With a commitment to transparency, partnership, and performance, Suncoast Equity Management helps clients build and preserve lasting wealth. To learn more, please visit www.suncoastequity.com.

IMPORTANT INFORMATION

An investment in the Fund involves risk. There is no assurance that the Fund will achieve its investment objective. An investor may lose money by investing in the Fund. Following are the principal risks of investing in the Fund.

Large-Capitalization Companies Risk. The stock of large-capitalization companies may trail the returns of the overall stock market, both in the long and short term.

Growth Investing Risk. The stock of growth companies may be more volatile than other types of investments, both in the long and short term.

Value Style Investing Risk. Investing in value stocks presents the risk that the stocks may not achieve their full market value.

Mid-Capitalization Companies Risk. Investing in the stock of mid-capitalization companies involves greater risk, generally, than that associated with investing in larger, more established companies. The stock may be more volatile and less liquid, and be more sensitive to changing market conditions.

New Fund Risk. The Fund is a recently organized investment company with no operating history. As a result, investors have no track record or history on which to base their investment decisions.

The Suncoast ETFs are distributed by Quasar Distributors, LLC.

412-720-3777

[email protected]

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: Professional Services Communications Finance Asset Management Banking Personal Finance Public Relations/Investor Relations

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Chemed Corporation to Present at the 2025 RBC Global Healthcare Conference

Chemed Corporation to Present at the 2025 RBC Global Healthcare Conference

CINCINNATI–(BUSINESS WIRE)–
Chemed Corporation (NYSE:CHE) today announced that it will deliver a presentation at the RBC Global Healthcare Conference on Wednesday, May 21, 2025, at approximately 9:30 a.m. (ET) at The InterContinental New York Barclay Hotel in New York City.

The audio webcast can be accessed by visiting the Chemed website at www.chemed.com (Investor Relations). The webcast replay will be available within 24 hours after the live presentation and will be accessible for 90 days.

Listed on the New York Stock Exchange and headquartered in Cincinnati, Ohio, Chemed Corporation (www.chemed.com) operates two wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. VITAS is the nation’s largest provider of end-of-life hospice care and Roto-Rooter is the nation’s leading provider of plumbing and drain cleaning services.

Statements in this press release or in other Chemed communications may relate to future events or Chemed’s future performance. Such statements are forward-looking statements and are based on present information Chemed has related to its existing business circumstances. Investors are cautioned that such forward-looking statements are subject to inherent risk and that actual results may differ materially from such forward-looking statements. Further, investors are cautioned that Chemed does not assume any obligation to update forward-looking statements based on unanticipated events or changed expectations.

Michael D. Witzeman

(513) 762-6714

KEYWORDS: United States North America New York Ohio

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Other Retail Building Systems Managed Care General Health Health Other Construction & Property Retail Residential Building & Real Estate

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IonQ to Join 2025 Q2B Tokyo Quantum Technologies Conference

IonQ to Join 2025 Q2B Tokyo Quantum Technologies Conference

IonQ executives to discuss opportunities for quantum generative AI and company’s expanded footprint in Japan.

COLLEGE PARK, Md.–(BUSINESS WIRE)–
IonQ (NYSE: IONQ), a leading commercial quantum computing and networking company, today announced that Chief Marketing Officer Margaret Arakawa and Director of Applications Development Dr. Masako Yamada will present at the 2025 Q2B Tokyo Quantum Technologies Conference on Friday, May 16. Their joint session, titled “Rare Data: Today’s Quantum Generative AI Opportunity,” will examine recent IonQ research on how quantum computing can enhance generative AI models and improve processing of complex datasets in the near term.

Q2B Tokyo is a leading global conference focused on the practical applications of quantum technologies. The 2025 event will be held at the Grand Hyatt Tokyo from May 15-16, featuring over 75 speakers and more than 550 attendees from across the quantum industry.

Arakawa and Yamada’s session will focus on how quantum computing can be leveraged to address challenges in generative AI, particularly in scenarios involving limited or rare data. IonQ recently demonstrated several new hybrid quantum applications that can outperform classical-only methods in accuracy for fine-tuning large language models (LLMs) and achieve higher quality scores for synthetic image generation in up to 70% of cases versus classical models.

“As generative AI continues to evolve, quantum computing’s ability to increase accuracy and quality becomes increasingly important,” said Margaret Arakawa, Chief Marketing Officer at IonQ. “Quantum computing offers unique advantages for tackling complex challenges, and we look forward to sharing our insights at Q2B Tokyo.”

Dr. Masako Yamada added, “Our work at IonQ focuses on developing quantum applications that have real-world impact. By strategically integrating quantum computing into classical AI workflows, we aim to unlock the next wave of AI capabilities and explore new possibilities for innovation across industries.”

IonQ’s presence at Q2B Tokyo reflects its expanding footprint in Japan. The company recently joined the Center of Innovation for Sustainable Quantum AI (SQAI), a collaboration led by the University of Tokyo, Keio University, RIKEN, the Okinawa Institute of Science and Technology Graduate University, the University of Chicago, the City of Kawasaki, and leading industry partners. SQAI is dedicated to advancing research and development for sustainable quantum AI technologies, aligning with IonQ’s goal to accelerate hybrid quantum applications that can outperform classical computing methods.

Furthering its work in Japan, IonQ also announced additional strategic collaborations including a flagship distributor partnership with Toyota Tsusho, marking the company’s entrance into the Japanese market. In addition, IonQ signed a Memorandum of Understanding (MOU) with the Global Research and Development Center for Business by Quantum-AI Technology (G-QuAT), a division of one of the largest public research organizations in Japan, the National Institute of Advanced Industrial Science and Technology (AIST). This memorandum aims to establish a framework to help advance the development and commercialization of quantum computing technologies in Japan through joint research and application development.

For more information about IonQ’s participation at Q2B Tokyo and the company’s latest announcements on hybrid quantum applications, please visit www.ionq.com.

About IonQ

IonQ, Inc. is a leading commercial quantum computing and networking company, delivering high-performance systems aimed at solving the world’s largest and most complex commercial and research use cases. IonQ’s current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company’s innovative technology and rapid growth were recognized in Newsweek’s 2025 Excellence Index 1000, Forbes’ 2025 Most Successful Mid-Cap Companies list, and Built In’s 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ.com.

IonQ Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words “accessible,” “accelerate,” “advancing,” “advantages,” “aim,” “aimed,” “available,” “can,” “cutting-edge,” “delivering,” “developing,” “expanding,” “explore,” “focuses,” “goal,” “growth,” “innovative,” “impactful,” “latest,” “leader,” “making,” “possibilities,” “solving,” and other similar expressions are intended to identify forward-looking statements. These statements include those related to the IonQ’s quantum computing capabilities and plans; IonQ’s technology driving commercial quantum advantage in the future; the future impacts of IonQ’s offerings available today; and the efficiency, effectiveness, importance, reliability, accuracy, accessibility, impact, and commercial-readiness of IonQ’s offerings. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ’s ability to implement its technical roadmap; changes in the competitive industries in which IonQ operates, including development of competing technologies; IonQ’s ability to deliver, and customers’ ability to generate, value from IonQ’s offerings; IonQ’s ability to implement its business plans, forecasts, roadmaps and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ’s ability to effectively enter new markets; IonQ’s ability to deliver services and products within currently anticipated timelines; changes in laws and regulations affecting IonQ’s patents; and IonQ’s ability to maintain or obtain patent protection for its products and technology, including with sufficient breadth to provide a competitive advantage. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company’s filings, including but not limited to those described in the “Risk Factors” section of IonQ’s most recent periodic financial report (10-Q or 10-K) filed by IonQ with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future.

IonQ Media contact:

Jane Mazur

[email protected]

IonQ Investor Contact:

[email protected]

KEYWORDS: United States Japan North America Asia Pacific Maryland

INDUSTRY KEYWORDS: Automotive Manufacturing Semiconductor Manufacturing Transport Other Science Other Technology Research Software Artificial Intelligence Networks Internet Data Management Logistics/Supply Chain Management Science Technology Utilities Alternative Energy Energy

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Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) Increases Quarterly Distribution 13% to $0.17 From $0.15 Annual Distribution to $0.68 From $0.60 Per Share

RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (the “Fund”) approved an increase in the annualized distribution to $0.68 per share, which will be paid $0.17 per share quarterly, commencing with the quarterly distribution payable on June 23, 2025 to common shareholders of record on June 13, 2025.

The Fund intends to pay a quarterly distribution determined by the Board of Trustees. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the quarterly distributions for that year.

Each quarter, the Board of Trustees reviews the amount of any potential distribution and the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject up to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their “net investment income”, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

If the Fund does not generate earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2025 would include approximately 4% from net investment income, 80% from net capital gains and 16% would be deemed a return of capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

Bethany Uhlein

(914) 921-5546

About The Gabelli Healthcare & Wellness

Rx

Trust

The Gabelli Healthcare & WellnessRx Trust is a diversified, closed-end management investment company with $218 million in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

NYSE: GRX
CUSIP – 36246K103

THE GABELLI HEALTHCARE & WELLNESSRx TRUST
    Investor Relations Contact:
    Bethany Uhlein
    914.921.5546
    [email protected]



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Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 Per Share

RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) — The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the “Fund”) declared a $0.12 per share cash distribution payable on June 23, 2025 to common stock shareholders of record on June 13, 2025.

The Fund intends to pay a minimum annual distribution of 8% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding calendar quarters during the year. The net asset value per share fluctuates daily.

Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Directors will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. The Fund’s distribution policy is subject to modification by the Board of Directors at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their “net investment income”, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid in 2025 to common shareholders with respect to the Fund’s fiscal year ending September 30, 2025 would include approximately 13% from net investment income and 87% would be deemed a return of capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

Laurissa Martire

(914) 921-5399

About Gabelli Convertible and Income Securities Fund
The Gabelli Convertible and Income Securities Fund Inc. is a diversified, closed-end management investment company with $82 million in total net assets whose primary investment objective is to seek a high level of total return on its assets through a combination of current income and capital appreciation. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

NYSE: GCV

CUSIP – 36240B109

THE GABELLI CONVERTIBLE AND INCOME SECURITIES FUND INC.
Investor Relations Contact:
Laurissa Martire
(914) 921-5399
[email protected]



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Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on June 23, 2025 to common shareholders of record on June 13, 2025.

The Fund intends to pay the greater of either an annual distribution of 5% of the Fund’s trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies.

Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. If necessary, the Fund pays an adjusting distribution in December, which includes any additional income and net realized capital gains in excess of the quarterly distributions. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and with income that exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their “net investment income”, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

Long-term capital gains, qualified dividend income, investment company taxable income and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid in 2025 to common shareholders with respect to the Fund’s fiscal year ending September 30, 2025 would include approximately 32% from net investment income and 68% would be deemed a return of capital on a book basis. This information does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

Laurissa Martire

(914) 921-5399

About Bancroft Fund Ltd.

Bancroft Fund Ltd. is a diversified, closed-end management investment company with $148 million in total net assets. BCV invests primarily in convertible securities with the objectives of providing income and the potential for capital appreciation, objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

NYSE American – BCV
CUSIP – 059695106

Investor Relations Contact:
Laurissa Martire
(914) 921-5399
[email protected]



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Kohl’s Corporation Holds Annual Meeting of Shareholders

Kohl’s Corporation Holds Annual Meeting of Shareholders

MENOMONEE FALLS, Wis.–(BUSINESS WIRE)–
Kohl’s Corporation (NYSE: KSS) (“Kohl’s” or the “Company”) today held its 2025 Annual Meeting of Shareholders. Below are the results of shareholder voting on the four proposals presented at the meeting.

  1. Kohl’s shareholders elected Wendy Arlin, Michael J. Bender, Yael Cosset, H. Charles Floyd, Robbin Mitchell, Jonas Prising, John E. Schlifske, and Adolfo Villagomez to the Board of Directors, each for a one-year term or until their successors are duly elected and qualified.
  2. Kohl’s shareholders approved, on an advisory basis, the compensation of the Company’s Named Executive Officers for fiscal 2024.
  3. Kohl’s shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 31, 2026.
  4. The shareholder proposal concerning a shareholder vote on executive severance payments was not approved.

Final voting results, including the number of votes cast for or against and the number of abstentions and any broker non-votes, will be reported in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission.

About Kohl’s

Kohl’s (NYSE: KSS) is a leading omnichannel retailer built on a foundation that combines great brands, incredible value and convenience for our customers. Kohl’s is uniquely positioned to deliver against its long-term strategy and its purpose to take care of families’ realest moments. Kohl’s serves millions of families in its more than 1,100 stores in 49 states, online at Kohls.com, and through the Kohl’s App. With a large national footprint, Kohl’s is committed to making a positive impact in the communities it serves. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community or how to join our winning team, visit Corporate.Kohls.com.

Media:

Jen Johnson, (262) 703-5241, [email protected]

KEYWORDS: United States North America Wisconsin

INDUSTRY KEYWORDS: Home Goods Footwear Online Retail Fashion Cosmetics Discount/Variety Retail Department Stores

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Century Communities To Host May Ribbon-Cutting at Cinco Lakes in West San Antonio

PR Newswire

Online homebuying leader to debut new community with waterfront homesites and resort-style amenities


SAN ANTONIO
, May 14, 2025 /PRNewswire/ — Century Communities, Inc.—a top 10 national homebuilder, industry leader in online home sales, and the highest-ranked homebuilder on Newsweek’s list of America’s Most Trustworthy Companies 2025—announced Cinco Lakes, the company’s new community in San Antonio, will host a ribbon-cutting ceremony with the San Antonio Chamber of Commerce on Wednesday, May 21 from 11 a.m. to 1 p.m.

The special event will include complimentary light refreshments, a tour of the community’s new model home—showcasing the stunning Savannah floor plan—and special early-bird savings.

Learn more at

www.CenturyCommunities.com/CincoLakes

and RSVP for the ribbon-cutting at

210.899.0065

.   

“Cinco Lakes is a really special homebuying opportunity, putting lakes and top-notch community amenities just beyond your doorstep in a great Far West Side location,” said Eric Runge, San Antonio Division President. “We look forward to hosting homebuyers at our ribbon-cutting celebration, where we’ll have special savings for those who get in early.”

More About Cinco Lakes
Now selling from the $300s

  • 7 floor plans
  • Single- and two-story layouts
  • 3 to 6 bedrooms, 2 to 5 bathrooms, 2-bay garages, 1,510 to 3,036 square feet
  • Waterfront homesites available
  • Per-plan structural features like main-floor primary bedrooms, mudrooms, extended covered patios and guest suites
  • Quartz countertops, smart home package and more included
  • Access to community lakes, fishing ponds, walking trails, amenity center and pool
  • Close to attractions like SeaWorld, Six Flags Fiesta Texas, The Shops at La Cantera, with a short commute to Lackland Air Force Base and major area employers

Sales Center:

7422 Toledo Bend
San Antonio, TX 78252
210.899.0065

DISCOVER THE FREEDOM OF ONLINE HOMEBUYING:

Century Communities is proud to feature its industry-first online homebuying experience on all available homes in Texas.

How it works:

  1. Shop homes at CenturyCommunities.com
  2. Click “Buy Now” on any available home
  3. Fill out a quick Buy Online form
  4. Electronically submit an initial earnest money deposit
  5. Electronically sign a purchase contract via DocuSign®

Learn more about the Buy Online experience at www.CenturyCommunities.com/online-homebuying.

About Century Communities
Century Communities, Inc. (NYSE: CCS) is one of the nation’s largest homebuilders, an industry leader in online home sales, and one of the highest-ranked homebuilders on Newsweek’s list of America’s Most Trustworthy Companies 2025—consecutively awarded for a third year—and Newsweek’s list of the World’s Most Trustworthy Companies 2024. Through its Century Communities and Century Complete brands, Century’s mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 17 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.

 

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SOURCE Century Communities, Inc.