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First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into FT Confluence BDC & Specialty Finance Income ETF

First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into FT Confluence BDC & Specialty Finance Income ETF

WHEATON, Ill.–(BUSINESS WIRE)–
First Trust Advisors L.P. (“FTA”) announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB) (the “Fund”) held on April 21, 2025 has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into FT Confluence BDC & Specialty Finance Income ETF, a newly formed series of First Trust Exchange-Traded Fund VIII (“FBDC”). The special meeting of shareholders of the Fund will reconvene on Monday, May 5, 2025, at 12:00 p.m. Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois (the “Meeting”). If approved, the reorganization of the Fund with and into FBDC is expected to close prior to the end of 2025.

Shareholders of record of the Fund as of the close of business on January 10, 2025, are entitled to vote at the Meeting. Whether or not shareholders plan to attend the Meeting, it is important that their shares be represented and voted at the Meeting. Shareholders may vote their shares by one of the methods described in the proxy materials previously mailed to them, which includes a proxy statement and prospectus (the “proxy statement”). The proxy statement contains important information regarding the proposed reorganization and shareholders of the Fund are urged to read the proxy statement and accompanying materials carefully. The proxy statement is also available at https://www.ftportfolios.com/Common/ContentFileLoader.aspx?ContentGUID=3cff1a3e-7461-4dcf-82c7-34ff1ec7d5df and the Securities and Exchange Commission’s website at www.sec.gov. If shareholders have any questions regarding the proposal, or need assistance voting, they may call EQ Fund Solutions, LLC at (866) 796-7172. The Board of Trustees of the Fund believes the reorganization is in the best interests of the Fund and recommends that shareholders vote “FOR” the reorganization.

FTA is a federally registered investment advisor and serves as the investment advisor of the Fund. FTA and its affiliate First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $258 billion as of March 31, 2025, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.

Confluence Investment Management LLC (“Confluence”), an SEC registered investment advisor, serves as the investment sub-advisor to FGB and FBDC. The Confluence team has more than 600 years of combined financial experience and 400 years of portfolio management/research experience, maintaining a track record that dates back to 1994. As of December 31, 2024, Confluence had $12.7 billion in assets under management and advisement (assets under management = $7.3 billion; assets under advisement = $5.4 billion).

Additional Information / Forward-Looking Statements

This press release is not intended to, and shall not, constitute an offer to purchase or sell shares of the Fund or FBDC; nor is this press release intended to solicit a proxy from any shareholder of the Fund. The Fund and their trustees and officers, FTA, and certain of its officers and employees, and other persons may be deemed under the rules of the Securities and Exchange Commission to be participants in the solicitation of proxies from shareholders in connection with the matters described above. Information about the Fund’s trustees and officers, FTA and its officers and employees, and other persons may be found in the proxy statement.

Certain statements made in this news release that are not historical facts are referred to as “forward-looking statements” under the U.S. federal securities laws. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from the historical experience of FTA and the funds managed by FTA and its present expectations or projections. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. FTA, the Fund and FBDC undertake no responsibility to update publicly or revise any forward-looking statements.

Jeff Margolin – (630) 517-7643

Jim Dykas – (630) 517-7665

KEYWORDS: United States North America Illinois New York

INDUSTRY KEYWORDS: Professional Services Finance

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First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.075 Per Share for May

First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.075 Per Share for May

WHEATON, Ill.–(BUSINESS WIRE)–
First Trust Mortgage Income Fund (the “Fund”) (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.075 per share payable on May 15, 2025, to shareholders of record as of May 1, 2025. The ex-dividend date is expected to be May 1, 2025. The monthly distribution information for the Fund appears below.

First Trust Mortgage Income Fund (FMY):

Distribution per share:

$0.075

Distribution Rate based on the April 17, 2025 NAV of $12.57:

7.16%

Distribution Rate based on the April 17, 2025 closing market price of $11.98:

7.51%

A portion of this distribution may come from net investment income, net short-term realized capital gains or return of capital. The final determination of the source and tax status of all distributions paid in 2025 will be made after the end of 2025 and will be provided on Form 1099-DIV.

The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income. As a secondary objective, the Fund seeks to preserve capital. The Fund pursues these investment objectives by investing primarily in mortgage-backed securities representing part ownership in a pool of either residential or commercial mortgage loans that, in the opinion of the Fund’s portfolio managers, offer an attractive combination of credit quality, yield and maturity.

First Trust Advisors L.P. (“FTA”) is a federally registered investment advisor and serves as the Fund’s investment advisor. FTA and its affiliate First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $258 billion as of March 31, 2025 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.

Principal Risk Factors: Risks are inherent in all investing. Certain risks applicable to the Fund are identified below, which includes the risk that you could lose some or all of your investment in the Fund. The principal risks of investing in the Fund are spelled out in the Fund’s annual shareholder reports. The order of the below risk factors does not indicate the significance of any particular risk factor. The Fund also files reports, proxy statements and other information that is available for review.

Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost. There can be no assurance that the Fund’s investment objectives will be achieved. The Fund may not be appropriate for all investors.

Market risk is the risk that a particular investment, or shares of a fund in general may fall in value. Investments held by the Fund are subject to market fluctuations caused by real or perceived adverse economic conditions, political events, regulatory factors or market developments, changes in interest rates and perceived trends in securities prices. Shares of a fund could decline in value or underperform other investments as a result. In addition, local, regional or global events such as war, acts of terrorism, market manipulation, government defaults, government shutdowns, regulatory actions, political changes, diplomatic developments, the imposition of sanctions and other similar measures, spread of infectious disease or other public health issues, recessions, natural disasters or other events could have significant negative impact on a fund and its investments.

Current market conditions risk is the risk that a particular investment, or shares of the fund in general, may fall in value due to current market conditions. For example, changes in governmental fiscal and regulatory policies, disruptions to banking and real estate markets, actual and threatened international armed conflicts and hostilities, and public health crises, among other significant events, could have a material impact on the value of the fund’s investments.

The debt securities in which the Fund invests are subject to certain risks, including issuer risk, reinvestment risk, prepayment risk, credit risk, interest rate risk and liquidity risk. Issuer risk is the risk that the value of fixed-income securities may decline for a number of reasons which directly relate to the issuer. Reinvestment risk is the risk that income from the Fund’s portfolio will decline if the Fund invests the proceeds from matured, traded or called bonds at market interest rates that are below the Fund portfolio’s current earnings rate. Prepayment risk is the risk that, upon a prepayment, the actual outstanding debt on which the Fund derives interest income will be reduced. Credit risk is the risk that an issuer of a security will be unable or unwilling to make dividend, interest and/or principal payments when due and that the value of a security may decline as a result. Interest rate risk is the risk that fixed-income securities will decline in value because of changes in market interest rates. Liquidity risk is the risk that illiquid and restricted securities may be difficult to value and to dispose of at a fair price at the times when the Fund believes it is desirable to do so.

A mortgage-backed security may be negatively affected by the quality of the mortgages underlying such security and the structure of its issuer. For example, if a mortgage underlying a particular mortgage-backed security defaults, the value of that security may decrease. Moreover, a downturn in the markets for residential or commercial real estate or a general economic downturn could negatively affect both the price and liquidity of privately issued mortgage-backed securities. A portion of the Fund’s managed assets may be invested in subordinated classes of mortgage-backed securities. Such subordinated classes are subject to a greater degree of non-payment risk than are senior classes of the same issuer or agency.

Investments in asset-backed or mortgage-backed securities offered by non-governmental issuers, such as commercial banks, savings and loans, private mortgage insurance companies, mortgage bankers and other secondary market issuers are subject to additional risks.

The primary risks associated with the use of futures contracts are (a) the imperfect correlation between the change in market value of the instruments or indices underlying the futures contracts and the price of the futures contracts; (b) possible lack of a liquid secondary market for a futures contract and the resulting inability to close a futures contract when desired; (c) losses caused by unanticipated market movements, which are potentially unlimited; (d) the investment adviser’s inability to predict correctly the direction of securities prices, interest rates, currency exchange rates and other economic factors; and (e) the possibility that the counterparty will default in the performance of its obligations.

If a security sold short increases in price, the Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss.

Repurchase agreements are subject to the risk of failure. If the Fund’s counterparty defaults on its obligations and the Fund is delayed or prevented from recovering the collateral, or if the value of the collateral is insufficient, the Fund may realize a loss.

Use of leverage can result in additional risk and cost, and can magnify the effect of any losses.

The risks of investing in the Fund are spelled out in the shareholder reports and other regulatory filings.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.

The Fund’s daily closing New York Stock Exchange price and net asset value per share as well as other information can be found at https://www.ftportfolios.com or by calling 1-800-988-5891.

Press Inquiries Ryan Issakainen 630-765-8689

Analyst Inquiries Jeff Margolin 630-915-6784

Broker Inquiries Sales Team 866-848-9727

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Asset Management Professional Services Finance

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W. R. Berkley Corporation Reports First Quarter Results

W. R. Berkley Corporation Reports First Quarter Results

Net Premiums Written Increased to a Record $3.1 Billion;

Return on Equity of 19.9% and Operating Return on Equity of 19.3%

GREENWICH, Conn.–(BUSINESS WIRE)–W. R. Berkley Corporation (NYSE: WRB) today reported its first quarter 2025 results.

Summary Financial Data

(Amounts in thousands, except per share data)

 

First Quarter

 

 

2025

 

 

 

2024

 

 

 

 

 

Gross premiums written

$

3,683,939

 

 

$

3,362,755

 

Net premiums written

 

3,133,302

 

 

 

2,851,291

 

 

 

 

 

Net income to common stockholders

 

417,571

 

 

 

442,471

 

Net income per diluted share (1)

 

1.04

 

 

 

1.09

 

 

 

 

 

Operating income (2)

 

404,744

 

 

 

423,324

 

Operating income per diluted share (1)

 

1.01

 

 

 

1.04

 

 

 

 

 

Return on equity (3)

 

19.9

%

 

 

23.7

%

Operating return on equity (2) (3)

 

19.3

%

 

 

22.7

%

(1)

The 2024 per share amounts were restated for comparative purposes to reflect the 3-for-2 common stock split effected on July 10, 2024.

(2)

Operating income is a non-GAAP financial measure defined by the Company as net income excluding after-tax net investment gains (losses) and related expenses.

(3)

Return on equity and operating return on equity represent net income and operating income, respectively, expressed on an annualized basis as a percentage of beginning of year common stockholders’ equity.

First quarter highlights included:

  • Return on equity and operating return on equity of 19.9% and 19.3%, respectively.
  • Record net premiums written grew to $3.1 billion.
  • The current accident year combined ratio before catastrophe losses of 3.7 loss ratio points was 87.2%.
  • The reported combined ratio was 90.9%, including current accident year catastrophe losses of $111.1 million.
  • Average rate increases excluding workers’ compensation were approximately 8.3%.
  • Net investment income grew 12.6% to $360.3 million.
  • Record net invested assets of $30.7 billion.
  • Book value per share grew 7.1% in the quarter, before dividends and share repurchases.

The Company commented:

We achieved strong results in the first quarter of 2025 with a 19.9% annualized return on beginning-of-year common stockholders’ equity, despite significant first-quarter industry-wide catastrophe losses. These results once again demonstrate our ability to successfully manage underwriting volatility.

Net premiums written grew 10% as market conditions remained favorable in many lines of business, particularly in our Insurance segment. Our 90.9% combined ratio includes 3.7 points of catastrophe losses in a quarter with significant industry catastrophe losses, reflecting our approach to managing volatility as a component of risk-adjusted return.

Net investment income increased significantly compared to the first quarter of 2024, and sequentially from the fourth quarter of 2024, reflecting the impact of higher new money rates on our growing fixed-maturity portfolio and improvement in our investment fund income. The strength of our operating cash flow continues to drive growth in net investable assets, positioning us well for further investment income growth.

Our ability to expand or contract each of our distinct businesses based on specific market conditions remains a significant competitive advantage. This agility enables us to execute our strategy to grow profitably and optimize risk-adjusted returns, while successfully navigating risks and embracing opportunities. We are confident that we will continue to deliver outstanding value to shareholders over the remainder of 2025 and beyond.

Webcast Conference Call

The Company will hold its quarterly conference call with analysts and investors to discuss its earnings and other information on April 21, 2025, at 5:00 p.m. eastern time. The conference call will be webcast live on the Company’s website at https://ir.berkley.com/events-and-presentations/default.aspx. Please log on early to register. A replay of the webcast will be available on the Company’s website approximately two hours after the end of the conference call. Additional financial information can be found on the Company’s website at https://ir.berkley.com/investor-relations/financial-information/quarterly-results/default.aspx.

About W. R. Berkley Corporation

Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty business: Insurance and Reinsurance & Monoline Excess.

Forward Looking Information

This is a “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including statements related to our outlook for the industry and for our performance for the year 2025 and beyond, are based upon the Company’s historical performance and on current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. They are subject to various risks and uncertainties, including but not limited to: the cyclical nature of the property casualty industry; the impact of significant competition, including new entrants to the industry; the long-tail and potentially volatile nature of the insurance and reinsurance business; product demand and pricing; claims development and the process of estimating reserves; investment risks, including those of our portfolio of fixed maturity securities and investments in equity securities, including investments in financial institutions, municipal bonds, mortgage-backed securities, loans receivable, investment funds, including real estate, merger arbitrage, energy related and private equity investments; the effects of emerging claim and coverage issues; the uncertain nature of damage theories and loss amounts, including claims for cyber security-related risks; natural and man-made catastrophic losses, including as a result of terrorist activities; the ongoing effects of the COVID-19 pandemic, or other epidemics and pandemics; the impact of climate change, which may alter the frequency and increase the severity of catastrophe events; general economic and market activities, including inflation, interest rates, the impact of tariffs and volatility in the credit and capital markets; the impact of the conditions in the financial markets and the global economy, and the potential effect of legislative, regulatory, accounting or other initiatives taken in response to such conditions, on our results and financial condition; foreign currency and political risks relating to our international operations; our ability to attract and retain key personnel and qualified employees; continued availability of capital and financing; the success of our new ventures or acquisitions and the availability of other opportunities; the availability of reinsurance; our retention under the Terrorism Risk Insurance Program Reauthorization Act of 2019; the ability or willingness of our reinsurers to pay reinsurance recoverables owed to us; other legislative and regulatory developments, including those related to business practices in the insurance industry; credit risk related to our policyholders, independent agents and brokers; changes in the ratings assigned to us or our insurance company subsidiaries by rating agencies; the availability of dividends from our insurance company subsidiaries; cyber security breaches of our information technology systems and the information technology systems of our vendors and other third parties, or related processes and systems; the effectiveness of our controls to ensure compliance with guidelines, policies and legal and regulatory standards; and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission. These risks and uncertainties could cause our actual results for the year 2025 and beyond to differ materially from those expressed in any forward-looking statement we make. Any projections of growth in our revenues would not necessarily result in commensurate levels of earnings. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Consolidated Financial Summary

(Amounts in thousands, except per share data)

 

First Quarter

 

 

2025

 

 

 

2024

 

Revenues:

 

 

 

Net premiums written

$

3,133,302

 

 

$

2,851,291

 

Change in unearned premiums

 

(120,921

)

 

 

(86,944

)

Net premiums earned

 

3,012,381

 

 

 

2,764,347

 

Net investment income

 

360,292

 

 

 

319,839

 

Net investment gains:

 

 

 

Net realized and unrealized gains on investments

 

15,711

 

 

 

11,503

 

Change in allowance for credit losses on investments

 

644

 

 

 

14,277

 

Net investment gains

 

16,355

 

 

 

25,780

 

Revenues from non-insurance businesses

 

128,909

 

 

 

120,992

 

Insurance service fees

 

28,929

 

 

 

25,319

 

Other Income

 

533

 

 

 

496

 

Total Revenues

 

3,547,399

 

 

 

3,256,773

 

Expenses:

 

 

 

Loss and loss expenses

 

1,900,792

 

 

 

1,663,778

 

Other operating costs and expenses

 

949,910

 

 

 

868,589

 

Expenses from non-insurance businesses

 

126,364

 

 

 

118,607

 

Interest expense

 

31,727

 

 

 

31,728

 

Total expenses

 

3,008,793

 

 

 

2,682,702

 

Income before income tax

 

538,606

 

 

 

574,071

 

Income tax expense

 

(121,257

)

 

 

(132,036

)

Net Income before noncontrolling interests

 

417,349

 

 

 

442,035

 

Noncontrolling interest

 

222

 

 

 

436

 

Net income to common stockholders

$

417,571

 

 

$

442,471

 

 

 

 

 

Net income per share (1):

 

 

 

Basic

$

1.05

 

 

$

1.10

 

Diluted

$

1.04

 

 

$

1.09

 

 

 

 

 

Average shares outstanding (1) (2):

 

 

 

Basic

 

396,929

 

 

 

402,317

 

Diluted

 

399,825

 

 

 

405,757

 

(1)

The 2024 per share amounts were restated for comparative purposes to reflect the 3-for-2 common stock split effected on July 10, 2024.

(2)

Basic shares outstanding consist of the weighted average number of common shares outstanding during the period (including shares held in a grantor trust). Diluted shares outstanding consist of the weighted average number of basic and common equivalent shares outstanding during the period.

Business Segment Operating Results

(Amounts in thousands, except ratios) (1)

 

First Quarter

 

 

2025

 

 

 

2024

 

Insurance:

 

 

 

Gross premiums written

$

3,216,952

 

 

$

2,921,050

 

Net premiums written

 

2,694,455

 

 

 

2,445,715

 

Net premiums earned

 

2,642,507

 

 

 

2,398,768

 

Pre-tax income

 

509,505

 

 

 

478,149

 

Loss ratio

 

63.9

%

 

 

61.8

%

Expense ratio

 

27.8

%

 

 

28.4

%

GAAP Combined ratio

 

91.7

%

 

 

90.2

%

 

 

 

 

Reinsurance & Monoline Excess:

 

 

 

Gross premiums written

$

466,987

 

 

$

441,705

 

Net premiums written

 

438,847

 

 

 

405,576

 

Net premiums earned

 

369,874

 

 

 

365,579

 

Pre-tax income

 

120,380

 

 

 

127,624

 

Loss ratio

 

57.7

%

 

 

49.8

%

Expense ratio

 

27.7

%

 

 

29.8

%

GAAP Combined ratio

 

85.4

%

 

 

79.6

%

 

 

 

 

Corporate and Eliminations:

 

 

 

Net investment gains

$

16,355

 

 

$

25,780

 

Interest expense

 

(31,727

)

 

 

(31,728

)

Other expenses

 

(75,907

)

 

 

(25,754

)

Pre-tax loss

 

(91,279

)

 

 

(31,702

)

 

 

 

 

Consolidated:

 

 

 

Gross premiums written

$

3,683,939

 

 

$

3,362,755

 

Net premiums written

 

3,133,302

 

 

$

2,851,291

 

Net premiums earned

 

3,012,381

 

 

$

2,764,347

 

Pre-tax income

 

538,606

 

 

 

574,071

 

Loss ratio

 

63.1

%

 

 

60.2

%

Expense ratio

 

27.8

%

 

 

28.6

%

GAAP Combined ratio

 

90.9

%

 

 

88.8

%

(1)

Loss ratio is losses and loss expenses incurred expressed as a percentage of premiums earned. Expense ratio is underwriting expenses expressed as a percentage of premiums earned. GAAP combined ratio is the sum of the loss ratio and the expense ratio.

Supplemental Information

(Amounts in thousands)

 

First Quarter

 

 

2025

 

 

 

2024

 

Net premiums written:

 

 

 

Other liability

$

1,108,264

 

 

$

1,015,614

 

Short-tail lines (1)

 

600,192

 

 

 

532,341

 

Auto

 

389,154

 

 

 

348,582

 

Workers’ compensation

 

340,607

 

 

 

304,632

 

Professional liability

 

256,238

 

 

 

244,546

 

Total Insurance

 

2,694,455

 

 

 

2,445,715

 

Casualty (2)

 

186,790

 

 

 

190,019

 

Property (2)

 

132,157

 

 

 

98,662

 

Monoline excess

 

119,900

 

 

 

116,895

 

Total Reinsurance & Monoline Excess

 

438,847

 

 

 

405,576

 

Total

$

3,133,302

 

 

$

2,851,291

 

 

 

 

 

Current accident year losses from catastrophes:

Insurance

$

70,617

 

 

$

27,451

 

Reinsurance & Monoline Excess

 

40,491

 

 

 

3,055

 

Total

$

111,108

 

 

$

30,506

 

 

 

 

 

Net Investment income:

 

 

 

Core portfolio (3)

$

316,940

 

 

$

331,177

 

Investment funds

 

27,023

 

 

 

(29,349

)

Arbitrage trading account

 

16,329

 

 

 

18,011

 

Total

$

360,292

 

 

$

319,839

 

 

 

 

 

Net realized and unrealized gains (losses) on investments:

 

 

 

Net realized losses on investments

$

(4,235

)

 

$

(14,308

)

Change in unrealized gains on equity securities

 

19,946

 

 

 

25,811

 

Total

$

15,711

 

 

$

11,503

 

 

 

 

 

Other operating costs and expenses:

 

 

 

Policy acquisition and insurance operating expenses

$

838,246

 

 

$

791,532

 

Insurance service expenses

 

23,246

 

 

 

21,439

 

Net foreign currency losses (gains)

 

19,378

 

 

 

(13,177

)

Other costs and expenses

 

69,040

 

 

 

68,795

 

Total

$

949,910

 

 

$

868,589

 

 

 

 

 

Cash flow from operations

$

743,817

 

 

$

746,235

 

 

 

 

 

Reconciliation of net income to operating income:

 

 

 

Net income

$

417,571

 

 

$

442,471

 

Pre-tax investment gains, net of related expenses

 

(16,355

)

 

 

(25,780

)

Income tax expense

 

3,528

 

 

 

6,633

 

Operating income after-tax (4)

$

404,744

 

 

$

423,324

 

(1)

Short-tail lines include commercial multi-peril (non-liability), inland marine, accident and health, fidelity and surety, boiler and machinery, high net worth homeowners and other lines.

(2)

Includes reinsurance casualty and property and certain program management business.

(3)

Core portfolio includes fixed maturity securities, equity securities, cash and cash equivalents, real estate and loans receivable.

(4)

Operating income is a non-GAAP financial measure defined by the Company as net income excluding after-tax net investment gains (losses). Net investment gains (losses) are computed net of related expenses, including performance-based compensatory costs associated with realized investment gains. Management believes this measurement provides a useful indicator of trends in the Company’s underlying operations.

Selected Balance Sheet Information

(Amounts in thousands, except per share data)

 

March 31, 2025

 

December 31, 2024

 

 

 

 

Net invested assets (1)

$

30,728,601

 

$

29,780,638

Total assets

 

41,345,792

 

 

40,448,635

Reserves for losses and loss expenses

 

20,921,987

 

 

20,368,030

Senior notes and other debt

 

1,832,822

 

 

1,831,158

Subordinated debentures

 

1,009,988

 

 

1,009,808

Common stockholders’ equity (2)

 

8,914,039

 

 

8,395,111

Common stock outstanding (3)

 

379,313

 

 

380,066

Book value per share (4)

 

23.50

 

 

22.09

Tangible book value per share (4)

 

22.88

 

 

21.46

(1)

Net invested assets include investments, cash and cash equivalents, trading accounts receivable from brokers and clearing organizations, trading account securities sold but not yet purchased and unsettled purchases.

(2)

As of March 31, 2025, reflected in common stockholders’ equity are after-tax unrealized investment losses of $369 million and unrealized currency translation losses of $393 million. As of December 31, 2024, reflected in common stockholders’ equity are after-tax unrealized investment losses of $517 million and unrealized currency translation losses of $417 million.

(3)

During the three months ended March 31, 2025, the Company repurchased 850,000 shares of its common stock for $49.2 million. The number of shares of common stock outstanding excludes shares held in a grantor trust.

(4)

Book value per share is total common stockholders’ equity divided by the number of common shares outstanding. Tangible book value per share is total common stockholders’ equity excluding the after-tax value of goodwill and other intangible assets divided by the number of common shares outstanding.

Investment Portfolio

March 31, 2025

(Amounts in thousands, except percentages)

 

Carrying Value

 

Percent of Total

Fixed maturity securities:

 

 

 

United States government and government agencies

$

2,926,978

 

9.5%

State and municipal:

 

 

 

Special revenue

 

1,436,639

 

4.7%

State general obligation

 

298,606

 

1.0%

Local general obligation

 

270,901

 

0.9%

Corporate backed

 

154,712

 

0.5%

Pre-refunded

 

77,893

 

0.3%

Total state and municipal

 

2,238,751

 

7.4%

Mortgage-backed securities:

 

 

 

Agency

 

3,478,021

 

11.3%

Commercial

 

430,838

 

1.4%

Residential – Prime

 

186,605

 

0.6%

Residential – Alt A

 

1,950

 

0.0%

Total mortgage-backed securities

 

4,097,414

 

13.3%

Asset-backed securities

 

3,971,671

 

12.9%

Corporate:

 

 

 

Industrial

 

3,711,128

 

12.1%

Financial

 

3,412,170

 

11.1%

Utilities

 

939,354

 

3.1%

Other

 

497,706

 

1.6%

Total corporate

 

8,560,358

 

27.9%

Foreign government

 

1,825,632

 

5.9%

Total fixed maturity securities (1)

 

23,620,804

 

76.9%

Equity securities available for sale:

 

 

 

Common stocks

 

682,677

 

2.2%

Preferred stocks

 

462,363

 

1.5%

Total equity securities available for sale

 

1,145,040

 

3.7%

Cash and cash equivalents (2)

 

1,926,407

 

6.3%

Investment funds

 

1,480,322

 

4.8%

Real estate

 

1,304,443

 

4.2%

Arbitrage trading account

 

831,705

 

2.7%

Loans receivable

 

419,880

 

1.4%

Net invested assets

$

30,728,601

 

100.0%

(1)

Total fixed maturity securities had an average rating of AA- and an average duration of 2.7 years, including cash and cash equivalents.

(2)

Cash and cash equivalents includes trading accounts receivable from brokers and clearing organizations, trading account securities sold but not yet purchased and unsettled purchases.

 

Karen A. Horvath

Vice President – External

Financial Communications

(203) 629-3000

KEYWORDS: United States North America Connecticut

INDUSTRY KEYWORDS: Professional Services Insurance Finance

MEDIA:

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Posted on

Sempra to Report First-Quarter 2025 Earnings May 8

PR Newswire


SAN DIEGO
, April 21, 2025 /PRNewswire/ — Sempra (NYSE: SRE) plans to release its first-quarter 2025 earnings by 8 a.m. ET on Thursday, May 8.

Jeffrey W. Martin, chairman and CEO, Karen Sedgwick, executive vice president and chief financial officer and other senior leaders from across the company will host a conference call at 12 p.m. ET on Thursday, May 8. Investors, media, analysts and the public may listen to a live webcast of the conference call by registering on Sempra’s Investors site, part of the company’s website, and clicking on the appropriate link.

An accompanying slide presentation detailing the earnings results will be published to the Investors site by 8 a.m. ET on Thursday, May 8.

For those unable to attend the live webcast, it will be available on replay a few hours after its conclusion.

About Sempra
Sempra is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world’s most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra’s inclusion in the Dow Jones Sustainability Index North America. More information about Sempra is available at sempra.com and on social media @Sempra.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/sempra-to-report-first-quarter-2025-earnings-may-8-302432539.html

SOURCE Sempra

Posted on

Limbach Holdings to Announce First Quarter 2025 Results

Limbach Holdings to Announce First Quarter 2025 Results

WARRENDALE, Pa.–(BUSINESS WIRE)–
Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”), a building systems solutions firm, today announced that it will release its first quarter 2025 financial results after the stock market closes on Monday, May 5, 2025. The Company will also host a conference call for analysts the following morning at 9:00 a.m. ET.

Conference Call Details

Date: Tuesday, May 6, 2025

Time: 9:00 a.m. ET

Participant Dial-In Numbers:

Domestic Callers: (877) 407-6176

International Callers: +1 (201) 689-8451

Access By Webcast

The call will be simultaneously webcast over the Internet via the “Investor Relations” section of Limbach’s website at IR Events – Limbach or by using this direct link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=y6XjA4hv. An audio replay of the call will be archived on the Company’s website.

About Limbach

Limbach Holdings, Inc. (Nasdaq: LMB) is a building systems solution firm that partners with building owners and facilities managers who have mission critical mechanical (heating, ventilation and air conditioning), electrical and plumbing infrastructure. We strive to be an indispensable partner to our customers by providing services that are essential to the operation of their businesses. We work with building owners primarily in six vertical markets: healthcare, industrial and manufacturing, data centers, life science, higher education, and cultural and entertainment. We have approximately 1,400 team members in 20 offices across the eastern United States. Our team members uniquely combine engineering expertise with field installation skills to provide custom solutions that leverage our full life-cycle capabilities, which allows us to address both the operational and capital projects needs of our customers.

Financial Profiles, Inc.

[email protected]

KEYWORDS: United States North America Pennsylvania

INDUSTRY KEYWORDS: Engineering HVAC Manufacturing Commercial Building & Real Estate Construction & Property Building Systems

MEDIA:

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AllianceBernstein Global High Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

PR Newswire


NEW YORK
, April 21, 2025 /PRNewswire/ — AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the “Fund”) today released its monthly portfolio update as of March 31, 2025.

AllianceBernstein Global High Income Fund, Inc.


Top 10 Fixed-Income Holdings


Portfolio %

1) U.S. Treasury Notes 2.25%, 02/15/27

1.08 %

2) CCO Holdings 4.50%, 08/15/30 – 06/01/33

0.80 %

3) CCO Holdings 4.75%, 02/01/32

0.65 %

4) Dominican Republic Intl Bond 8.625%, 04/20/27

0.61 %

5) EchoStar Corp. 10.75%, 11/30/29

0.61 %

6) Royal Caribbean Cruises 5.50%, 08/31/26 – 04/01/28

0.57 %

7) NFE Financing LLC 12.00%, 11/15/29

0.56 %

8) Altice France SA 5.125%, 01/15/29 – 07/15/29

0.52 %

9) AMMC CLO 25 Ltd. 11.052%, 04/15/35

0.51 %

10) DaVita, Inc. 4.625%, 06/01/30

0.49 %


Investment Type


Portfolio %

Corporates – Non-Investment Grade

Industrial

Energy

7.07 %

Communications – Media

7.01 %

Consumer Non-Cyclical

6.91 %

Capital Goods

4.82 %

Basic

4.33 %

Communications – Telecommunications

4.25 %

Consumer Cyclical – Other

3.72 %

Consumer Cyclical – Retailers

3.29 %

Services

2.89 %

Consumer Cyclical – Automotive

2.43 %

Technology

1.81 %

Transportation – Services

1.69 %

Transportation – Airlines

0.90 %

Consumer Cyclical – Entertainment

0.75 %

Consumer Cyclical – Restaurants

0.63 %

Other Industrial

0.38 %

Transportation – Railroads

0.04 %

SUBTOTAL

52.92 %

Credit Default Swaps

17.02 %

Financial Institutions

Finance

2.29 %

Brokerage

1.13 %

REITs

1.12 %

Financial Services

0.77 %

Insurance

0.58 %

Banking

0.49 %

SUBTOTAL

6.38 %

Utility

Electric

1.12 %

Natural Gas

0.05 %

SUBTOTAL

1.17 %

SUBTOTAL

77.49 %

Corporates – Investment Grade

Industrial

Communications – Media

1.13 %

Energy

1.09 %

Consumer Cyclical – Automotive

0.99 %

Consumer Cyclical – Entertainment

0.95 %

Basic

0.94 %

Consumer Cyclical – Other

0.69 %

Consumer Non-Cyclical

0.51 %

Transportation – Airlines

0.31 %

Consumer Cyclical – Retailers

0.25 %

Transportation – Services

0.16 %

Capital Goods

0.11 %

Other Industrial

0.06 %

Services

0.06 %

Technology

0.03 %

Transportation – Railroads

0.03 %

SUBTOTAL

7.31 %

Financial Institutions

Banking

4.14 %

Insurance

0.80 %

Finance

0.63 %

REITs

0.35 %

Brokerage

0.14 %

SUBTOTAL

6.06 %

Utility

Electric

1.29 %

Other Utility

0.05 %

SUBTOTAL

1.34 %

SUBTOTAL

14.71 %

Emerging Markets – Corporate Bonds

Industrial

Basic

1.89 %

Energy

1.26 %

Consumer Cyclical – Other

0.99 %

Consumer Non-Cyclical

0.91 %

Capital Goods

0.47 %

Communications – Telecommunications

0.20 %

Transportation – Services

0.12 %

Communications – Media

0.07 %

Consumer Cyclical – Retailers

0.05 %

Other Industrial

0.03 %

SUBTOTAL

5.99 %

Utility

Electric

0.37 %

Other Utility

0.10 %

SUBTOTAL

0.47 %

Financial Institutions

Banking

0.23 %

Financial Services

0.02 %

SUBTOTAL

0.25 %

SUBTOTAL

6.71 %

Bank Loans

Industrial

Technology

1.35 %

Consumer Non-Cyclical

0.99 %

Communications – Media

0.80 %

Communications – Telecommunications

0.40 %

Capital Goods

0.35 %

Transportation – Airlines

0.23 %

Other Industrial

0.18 %

Transportation – Services

0.17 %

Consumer Cyclical – Automotive

0.10 %

Energy

0.09 %

Consumer Cyclical – Other

0.05 %

Consumer Cyclical – Retailers

0.05 %

Consumer Cyclical – Restaurants

0.02 %

SUBTOTAL

4.78 %

Financial Institutions

Insurance

0.38 %

Brokerage

0.16 %

Banking

0.02 %

SUBTOTAL

0.56 %

Utility

Electric

0.17 %

SUBTOTAL

0.17 %

SUBTOTAL

5.51 %

Interest Rate Futures

2.72 %

Collateralized Mortgage Obligations

Risk Share Floating Rate

1.52 %

Non-Agency Fixed Rate

0.30 %

Non-Agency Floating Rate

0.29 %

Agency Fixed Rate

0.20 %

SUBTOTAL

2.31 %

Emerging Markets – Sovereigns

Emerging Markets – Sovereigns

2.45 %

Credit Default Swaps

-0.25 %

SUBTOTAL

2.20 %

Collateralized Loan Obligations

CLO – Floating Rate

2.00 %

SUBTOTAL

2.00 %

U.S. Govt & Agency Securities

1.66 %

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.64 %

SUBTOTAL

1.64 %

EM Government Agencies

0.62 %

Local Governments – US Municipal Bonds

0.40 %

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

0.26 %

SUBTOTAL

0.26 %

Inflation-Linked Securities

0.25 %

Asset-Backed Securities

Other ABS – Floating Rate

0.18 %

Autos – Fixed Rate

0.07 %

SUBTOTAL

0.25 %

Emerging Markets – Treasuries

0.24 %

Common Stocks

0.24 %

Preferred Stocks

Industrials

0.11 %

SUBTOTAL

0.11 %

Forward Currency Exchange Contracts

Currency Instruments

-0.16 %

SUBTOTAL

-0.16 %

Reverse Repurchase Agreements

-0.53 %

Cash & Cash Equivalents

Cash

0.46 %

Funds and Investment Trusts

0.41 %

SUBTOTAL

0.87 %

Derivative Offsets

Futures Offsets

-2.66 %

Swap Offsets

-16.84 %

SUBTOTAL

-19.50 %

TOTAL

100.00 %


Country Breakdown


Portfolio %

United States

68.05 %

United Kingdom

3.50 %

France

2.72 %

Canada

2.43 %

Brazil

1.92 %

Mexico

1.73 %

Italy

1.46 %

Colombia

1.28 %

Germany

1.25 %

India

1.13 %

Spain

1.09 %

Israel

0.81 %

Luxembourg

0.79 %

Turkey

0.77 %

Chile

0.70 %

Australia

0.64 %

Dominican Republic

0.61 %

Nigeria

0.60 %

Netherlands

0.57 %

South Africa

0.55 %

Hong Kong

0.53 %

Macau

0.52 %

China

0.51 %

Peru

0.46 %

Angola

0.36 %

Puerto Rico

0.35 %

Finland

0.32 %

Indonesia

0.30 %

Switzerland

0.29 %

Jersey (Channel Islands)

0.27 %

Kazakhstan

0.25 %

Egypt

0.24 %

Panama

0.23 %

Zambia

0.22 %

Ireland

0.21 %

Norway

0.21 %

Slovenia

0.21 %

Romania

0.19 %

Senegal

0.19 %

Cayman Islands

0.15 %

Uzbekistan

0.13 %

El Salvador

0.12 %

Guatemala

0.12 %

Azerbaijan

0.11 %

Ukraine

0.10 %

Malaysia

0.08 %

Jamaica

0.05 %

Argentina

0.04 %

Austria

0.04 %

Czech Republic

0.04 %

Kuwait

0.04 %

Morocco

0.04 %

Serbia

0.03 %

Japan

0.02 %

Trinidad and Tobago

0.02 %

Cash & Cash Equivalents

0.41 %

Total Investments

100.00 %


Net Currency Exposure Breakdown


Portfolio %

US Dollar

100.04 %

Turkish Lira

0.25 %

Canadian Dollar

0.18 %

Pound Sterling

0.12 %

Norwegian Krone

0.02 %

Indian Rupee

0.01 %

New Zealand Dollar

0.01 %

New Taiwan Dollar

0.01 %

South African Rand

0.01 %

Mexican Peso

-0.01 %

Singapore Dollar

-0.01 %

Colombian Peso

-0.14 %

Euro

-0.49 %

Total Net Assets

100.00 %


Credit Rating


Portfolio %

AAA

1.12 %

AA

0.17 %

A

1.13 %

BBB

16.34 %

BB

44.42 %

B

24.44 %

CCC

8.12 %

CC

0.11 %

C

0.12 %

Not Rated

2.60 %

Short Term Investments

0.41 %

Reverse Repurchase Agreements

-0.53 %

N/A

1.55 %

Total

100.00 %


Bonds by Maturity


Portfolio %

Less than 1 Year

5.51 %

1 To 5 Years

66.97 %

5 To 10 Years

22.81 %

10 To 20 Years

2.63 %

20 To 30 Years

1.03 %

More than 30 Years

0.81 %

Other

0.24 %

Total Net Assets

100.00 %


Portfolio Statistics:

Average Coupon:

7.78 %

Average Bond Price:

95.41

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00 %

Investment Operations:*

17.84 %

Preferred Stock:

0.00 %

Tender Option Bonds:

0.00 %

VMTP Shares:

0.00 %

VRDP Shares:

0.00 %

Total Fund Leverage:

17.84 %

Average Maturity:

    4.74 Years

Effective Duration:

    3.09 Years

Total Net Assets:

$966.05 Million

Net Asset Value:

$11.20

Total Number of Holdings:

1,244

Portfolio Turnover:

45.00 %

* Investment Operations may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.

The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

 

Cision View original content:https://www.prnewswire.com/news-releases/alliancebernstein-global-high-income-fund-inc-releases-monthly-portfolio-update-302433572.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

Posted on

AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

PR Newswire


NEW YORK
, April 21, 2025 /PRNewswire/ — AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the “Fund”) today released its monthly portfolio update as of March 31, 2025.

AllianceBernstein National Municipal Income Fund, Inc.


Top 10 Fixed-Income Holdings


Portfolio %

1) Lamar Consolidated Independent School District Series 2024-2 5.00%, 02/15/53

2.73 %

2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46

2.71 %

3) Greenwood Independent School District Series 2024 4.00%, 02/15/54

2.27 %

4) Melissa Independent School District Series 2024-2 4.25%, 02/01/53

2.14 %

5) Dallas Independent School District Series 2024-2 4.00%, 02/15/54

1.94 %

6) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54

1.86 %

7) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38

1.86 %

8) County of Miami-Dade FL Aviation Revenue Series 2025-A 5.50%, 10/01/55

1.85 %

9) City of New York NY Series 2023 4.125%, 08/01/53

1.85 %

10) Denton Independent School District Series 2023 5.00%, 08/15/48

1.83 %


Sector/Industry Breakdown


Portfolio %

Revenue

Health Care – Not-for-Profit

12.36 %

Revenue – Miscellaneous

8.49 %

Airport

7.47 %

Prepay Energy

7.39 %

Toll Roads/Transit

3.71 %

Industrial Development – Airline

3.65 %

Primary/Secondary Ed. – Public

2.69 %

Higher Education – Private

2.58 %

Water & Sewer

2.36 %

Electric Utility

2.14 %

Port

2.07 %

Tobacco Securitization

1.90 %

Industrial Development – Industry

1.89 %

Senior Living

0.97 %

Industrial Development – Utility

0.54 %

SUBTOTAL

60.21 %

Tax Supported

Local G.O.

12.19 %

State G.O.

6.11 %

Special Tax

4.74 %

Assessment District

0.18 %

SUBTOTAL

23.22 %

Guaranteed

14.63 %

Prerefunded/ETM

1.01 %

Asset-Backed

Housing – Multi-Family

0.93 %

SUBTOTAL

0.93 %

Total

100.00 %


State Breakdown


Portfolio %

Texas

17.19 %

Illinois

8.19 %

Florida

7.83 %

New York

7.55 %

Wisconsin

6.73 %

California

5.78 %

South Carolina

4.56 %

Massachusetts

3.92 %

Michigan

3.76 %

Pennsylvania

3.50 %

Ohio

2.72 %

Louisiana

2.71 %

New Jersey

2.61 %

Colorado

2.45 %

Alabama

2.32 %

Washington

1.91 %

Arizona

1.83 %

Nebraska

1.67 %

New Hampshire

1.50 %

Georgia

1.39 %

Iowa

0.99 %

Minnesota

0.98 %

Nevada

0.93 %

Virginia

0.90 %

Indiana

0.86 %

Utah

0.80 %

North Carolina

0.77 %

Alaska

0.68 %

Tennessee

0.53 %

Hawaii

0.47 %

Maryland

0.38 %

Arkansas

0.35 %

North Dakota

0.35 %

Oklahoma

0.33 %

Oregon

0.23 %

Connecticut

0.20 %

South Dakota

0.13 %

Total Investments

100.00 %


Credit Quality Breakdown


Portfolio %

AAA

17.63 %

AA

26.10 %

A

27.40 %

BBB

18.42 %

BB

6.30 %

B

0.47 %

Not Rated

2.67 %

Pre-refunded Bonds

1.01 %

Total

100.00 %


Bonds by Maturity


Portfolio %

Less than 1 Year

0.19 %

1 To 5 Years

2.88 %

5 To 10 Years

4.49 %

10 To 20 Years

16.70 %

20 To 30 Years

61.36 %

More than 30 Years

14.38 %

Other

0.00 %

Total Net Assets

100.00 %


Portfolio Statistics:

AMT Percent:

19.79 %

Average Coupon:

4.48 %

Percentage of Leverage:

Bank Borrowing:

0.00 %

Investment Operations:

0.35 %

Auction Preferred Shares (APS):

0.00 %

Tender Option Bonds:

7.81 %

VMTP Shares:

15.69 %

VRDP Shares:

17.78 %

Total Fund Leverage:

41.63%*

Average Maturity:

   14.01 Years

Effective Duration:

   10.01 Years

Total Net Assets:

$346.67 Million**

Common Stock Net Asset Value:

$12.06

Total Number of Holdings:

159

Portfolio Turnover:

32.00 %

* The total percentage of leverage constitutes 7.81% through the use of tender option bonds, 15.69%

in issued and outstanding VMTPs, 17.78% in issued and outstanding VRDPs and 0.35% in investment

operations, which may include the use of certain portfolio management techniques such as credit default

swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.

** The Fund also had outstanding $88,275,000 of VMTPs at liquidation value, which is not included

in Total Net Assets because it is treated as a liability for financial reporting purposes.

** The Fund also had outstanding $100,000,000 of VRDPs at liquidation value, which is not included

in Total Net Assets because it is treated as a liability for financial reporting purposes.

The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The

Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

 

Cision View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-302433571.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

Posted on

ALLIANCEBERNSTEIN CLOSED-END FUNDS ANNOUNCE DISTRIBUTION RATES

PR Newswire


NEW YORK
, April 21, 2025 /PRNewswire/ — The AllianceBernstein Closed-End Funds declared the following distributions today:




FUND NAME AND DISTRIBUTIONS




EX-DATE




RECORD DATE




PAYMENT DATE



AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF)

5/1/2025

5/1/2025

5/16/2025

$0.0655 per share of investment income



AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB)

5/1/2025

5/1/2025

5/16/2025

$0.03961 per share of investment income

The Funds are managed by AllianceBernstein L.P.

 

Cision View original content:https://www.prnewswire.com/news-releases/alliancebernstein-closed-end-funds-announce-distribution-rates-302433565.html

SOURCE AllianceBernstein Closed-End Funds

Posted on

Vitesse Energy Announces First Quarter 2025 Earnings Release Date and Conference Call

Vitesse Energy Announces First Quarter 2025 Earnings Release Date and Conference Call

GREENWOOD VILLAGE, Colo.–(BUSINESS WIRE)–
Vitesse Energy, Inc. (NYSE: VTS) (“Vitesse” or the “Company”) today announced that it plans to issue its first quarter 2025 financial and operating results on Monday, May 5, 2025, after market close. Additionally, the Company will host a conference call on Tuesday, May 6, 2025, at 11:00 a.m. Eastern Time.

Those wishing to listen to the conference call may do so via phone or the Company’s webcast.

Conference Call and Webcast Details:

Date: May 6, 2025

Time: 11:00 a.m. Eastern Time

Dial-In: 877-407-0778

International Dial-In: +1 201-689-8565

Conference ID: 13753522

Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=jWr66OCz

Replay Information:

A replay of the conference call will be available through May 13, 2025, by dialing:

Dial-In: 877-660-6853

International Dial-In: +1 201-612-7415

Conference ID: 13753522

ABOUT VITESSE ENERGY, INC.

Vitesse Energy, Inc. is focused on returning capital to stockholders through owning financial interests predominantly as a non-operator in oil and gas wells drilled by leading US operators.

More information about Vitesse can be found at www.vitesse-vts.com.

INVESTOR AND MEDIA CONTACT

Ben Messier, CFA

Director – Investor Relations and Business Development

(720) 532-8232

[email protected]

KEYWORDS: United States North America Colorado

INDUSTRY KEYWORDS: Oil/Gas Energy

MEDIA:

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Shenandoah Telecommunications Company to Hold its First Quarter 2025 Earnings Call at 8:30 a.m. on Wednesday, April 30, 2025

EDINBURG, Va., April 21, 2025 (GLOBE NEWSWIRE) — Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its first quarter 2025 financial results before the market opens on Wednesday, April 30, 2025, and will host a conference call and simultaneous webcast on the same day at 8:30 a.m. Eastern Time to discuss Shentel’s financial results and business highlights.

Date: April 30, 2025
Time: 8:30 AM ET

Listen via Internet: https://investor.shentel.com/

For Analysts, please register to dial-in at this link.

A replay of the call will be available for a limited time on the Investor Relations page of the Company’s website.

About
Shenandoah
Telecommunications
Company

Shenandoah Telecommunications Company provides broadband services through its high speed, state-of-the-art fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States. The Company’s services include: broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services. The Company owns an extensive regional network with over 16,800 route miles of fiber. For more information, please visit www.shentel.com.

CONTACT:

Shenandoah Telecommunications Company
Jim Volk
Senior Vice President, Chief Financial Officer
540-984-5168