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Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

PR Newswire

BOSTON, May 28, 2021 /PRNewswire/ — The Eaton Vance closed-end funds listed below released today the estimated sources of their May distributions (each a “Fund”).  This press release is issued as required by the Funds’ managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission.  The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the May distribution.  It is not determinative of the tax character of a Fund’s distributions for the 2021 calendar year. Shareholders should note that each Fund’s total regular distribution amount is subject to change as a result of market conditions or other factors.


IMPORTANT DISCLOSURE
:  You should not draw any conclusions about each Fund’s investment performance from the amount of this distribution or from the terms of each Fund’s Plan.  Each Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in each Fund is paid back to you. A return of capital distribution does not necessarily reflect each Fund’s investment performance and should not be confused with “yield” or “income.”  The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes.  The actual amounts and sources of the amounts for accounting and/or tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The following tables set forth estimates of the sources of each Fund’s May distribution and its cumulative distributions paid for its fiscal year through May 31, 2021, and information relating to each Fund’s performance based on its net asset value (NAV) for certain periods.



Eaton Vance Enhanced Equity Income Fund (NYSE: EOI)

Distribution Period: 

May- 2021

Distribution Amount per Common Share: 

$0.0898

Distribution Frequency:

Monthly

Fiscal Year End:

September

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0048

5.30%

$0.0388

5.40%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0850

94.70%

$0.5460

76.00%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.1336

18.60%

Total per common share

$0.0898

100.00%

$0.7184

100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2021 1

14.53%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2021 2

5.90%

Cumulative total return at NAV for the fiscal year through April 30, 2021 3

21.02%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2021 4

3.44%



Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS)

Distribution Period: 

May- 2021

Distribution Amount per Common Share: 

0.0988

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0000

0.00%

$0.0000

0.00%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0385

7.80%

Net Realized Long-Term Capital Gains

$0.0988

100.00%

$0.4555

92.20%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.0988

100.00%

$0.4940

100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2021 1

18.55%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2021 2

5.24%

Cumulative total return at NAV for the fiscal year through April 30, 2021 3

8.64%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2021 4

1.75%



Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ)

Distribution Period: 

May- 2021

Distribution Amount per Common Share: 

$0.0760

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0022

2.90%

$0.0125

3.30%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0044

5.80%

$0.0044

1.20%

Return of Capital or Other Capital Source(s)

$0.0694

91.30%

$0.3631

95.50%

Total per common share

$0.0760

100.00%

$0.3800

100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2021 1

10.41%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2021 2

8.80%

Cumulative total return at NAV for the fiscal year through April 30, 2021 3

5.88%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2021 4

2.93%



Eaton Vance Tax-Advantaged Dividend Income Fund  (NYSE: EVT)

Distribution Period: 

May- 2021

Distribution Amount per Common Share: 

$0.1450

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0486

33.50%

$0.3329

32.80%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0832

8.20%

Net Realized Long-Term Capital Gains

$0.0964

66.50%

$0.5989

59.00%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1450

100.00%

$1.0150

100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2021 1

14.33%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2021 2

6.25%

Cumulative total return at NAV for the fiscal year through April 30, 2021 3

37.09%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2021 4

3.13%



Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund  (NYSE: ETO)

Distribution Period: 

May- 2021

Distribution Amount per Common Share: 

$0.1425

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0358

25.10%

$0.2065

20.70%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.5087

51.00%

Net Realized Long-Term Capital Gains

$0.1067

74.90%

$0.2823

28.30%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1425

100.00%

$0.9975

100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2021 1

15.45%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2021 2

5.79%

Cumulative total return at NAV for the fiscal year through April 30, 2021 3

36.28%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2021 4

2.90%



Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB)

Distribution Period: 

May- 2021

Distribution Amount per Common Share: 

$0.1080

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0051

4.70%

$0.0260

4.80%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1029

95.30%

$0.3796

70.30%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.1344

24.90%

Total per common share

$0.1080

100.00%

$0.5400

100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2021 1

9.53%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2021 2

8.34%

Cumulative total return at NAV for the fiscal year through April 30, 2021 3

9.62%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2021 4

2.78%



Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV)

Distribution Period: 

May- 2021

Distribution Amount per Common Share: 

$0.1108

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0012

1.10%

$0.0066

1.20%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Return of Capital or Other Capital Source(s)

$0.1096

98.90%

$0.5474

98.80%

Total per common share

$0.1108

100.00%

$0.5540

100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2021 1

11.94%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2021 2

8.66%

Cumulative total return at NAV for the fiscal year through April 30, 2021 3

9.23%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2021 4

2.89%



Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY)

Distribution Period: 

May- 2021

Distribution Amount per Common Share: 

$0.0843

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0035

4.10%

$0.0254

4.30%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0808

95.90%

$0.2343

39.70%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.3304

56.0%

Total per common share

$0.0843

100.00%

$0.5901

100.0%

Average annual total return at NAV for the 5-year period ended on April 30, 2021 1

13.44%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2021 2

7.45%

Cumulative total return at NAV for the fiscal year through April 30, 2021 3

21.85%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2021 4

3.72%



Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW)

Distribution Period: 

May- 2021

Distribution Amount per Common Share: 

$0.0727

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0058

8.00%

$0.0243

6.70%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0669

92.00%

$0.1885

51.90%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.1507

41.40%

Total per common share

$0.0727

100.00%

$0.3635

100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2021 1

9.64%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2021 2

8.12%

Cumulative total return at NAV for the fiscal year through April 30, 2021 3

7.38%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2021 4

2.71%



Eaton Vance Tax-Advantaged Global Dividend Income (NYSE: ETG)

Distribution Period: 

May- 2021

Distribution Amount per Common Share: 

$0.1025

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0916

89.40%

$0.3286

45.80%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0109

10.60%

$0.3243

45.20%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0646

9.00%

Total per common share

$0.1025

100.00%

$0.7175

100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2021 1

13.82%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2021 2

5.72%

Cumulative total return at NAV for the fiscal year through April 30, 2021 3

37.52%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2021 4

2.86%



Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG)

Distribution Period: 

May- 2021

Distribution Amount per Common Share: 

$0.0616

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0037

6.00%

$0.0160

3.70%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0289

47.10%

$0.0289

6.70%

Return of Capital or Other Capital Source(s)

$0.0290

46.90%

$0.3863

89.60%

Total per common share

$0.0616

100.00%

$0.4312

100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2021 1

11.93%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2021 2

7.37%

Cumulative total return at NAV for the fiscal year through April 30, 2021 3

29.14%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2021 4

3.68%



Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD)

Distribution Period: 

May- 2021

Distribution Amount per Common Share: 

$0.0708

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0000

0.00%

$0.0000

0.00%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Return of Capital or Other Capital Source(s)

$0.0708

100.00%

$0.3540

100.00%

Total per common share

$0.0708

100.00%

$0.3540

100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2021 1

5.24%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2021 2

7.53%

Cumulative total return at NAV for the fiscal year through April 30, 2021 3

9.99%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2021 4

2.51%


1 Average annual total return at NAV represents the change in NAV of the Fund, with all distributions reinvested, for the 5-year period ended  

  on March 31, 2021


2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund’s NAV as of March 31, 2021


3 Cumulative total return at NAV is the percentage change in the Fund’s NAV for the period from the beginning of its fiscal year to March 31, 2021

   including distributions paid and assuming reinvestment of those distributions.


4 Cumulative fiscal year distribution rate for the period from the beginning of its fiscal year to March 31, 2021 measured on the dollar value of the

  distributions in year-to-date period as a percentage of the Fund’s NAV as of March 31, 2021

 

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SOURCE Eaton Vance Management

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Realogy Leads NAHREP Top 250 Latino Agents Report With More Affiliated Agents Than Any Other Company

PR Newswire

MADISON, N.J., May 28, 2021 /PRNewswire/ — Residential real estate leader Realogy Holdings Corp. (NYSE: RLGY) affiliated agents once again represent a large portion of the annual National Association of Hispanic Real Estate Professionals (NAHREP®) Top 250 Latino Agents Report for 2021. Honoring the top Latino real estate agents and teams from around the country, the Top 250 ranking features 65 independent sales agents affiliated with Realogy’s brands. All six of Realogy’s leading residential brands, including Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Corcoran®, ERA®, and Sotheby’s International Realty®, are represented across the report’s various rankings.  

According to NAHREP’s 2020 State of Hispanic Homeownership Report, the Latino homeownership rate increased in 2021 for the sixth consecutive year despite the health and economic challenges of the COVID-19 pandemic. The report also notes that housing inventory remains the main barrier to increasing Hispanic homeownership, and Latinos will ultimately lead the national homeownership rate for decades to come.

“Realogy is committed to supporting and advocating for diverse real estate professionals, who bring dynamic perspectives to the business and help drive inclusion and representation for growing markets like the expanding Hispanic homeowner community,” expressed Jason Riveiro, vice president of Global Growth Affiliates for Realogy. “We are honored to have such an incredible showing on this list, especially as Hispanic homeownership rate continues to increase. We celebrate the amazing work of this year’s top Latino agents and thank them for their pride, passion and unwavering support of these efforts in their respective communities.”

As the largest full service residential real estate services company in the U.S., Realogy is a champion of inclusion and social change, and has taken steps to attract and develop diverse real estate professionals while working to inspire and pave the way for equal opportunity and fairness in housing everywhere. Realogy’s brands also offer a number of initiatives focused on driving diversity, such as CENTURY 21’s Empowering Latinas program, which helps Latina entrepreneurs obtain their real estate license and prepares them for success in the real estate industry through a network of support. 

Realogy affiliated agents featured in the Top 10 include Dennis Estep, ERA Sellers & Buyers Real Estate in El Paso, Texas, and Johnny Rojas, Century 21 JR Gold Team Realty in Garfield, N.J.

Additional Realogy highlights include:

  • 65 out of the Top 250 agents by transaction sides, including CENTURY 21 (27), Coldwell Banker (27), ERA (5), Sotheby’s International Realty (4), and Better Homes and Gardens Real Estate (2)
  • 36 out of the Top 100 agents by sale volume, including Coldwell Banker Real Estate (17), CENTURY 21 (10), Sotheby’s International Realty (7), Corcoran (1) and ERA (1)
  • Nearly half of the Top 20 Rookies named for 2020 came from Realogy affiliated brands, including Coldwell Banker (4), CENTURY 21 (3) and ERA (1)
  • Regionally, Realogy lead 59% of the Top 100 agents in the Northwest, 56% of the Top agents in the Northeast, 44% of the Top 100 agents in the Southwest, 31% of Top 100 agents in the Southeast, 28% of the Top 100 agents in the Midwest and 25% of Top 100 agents in the Mountain region.

According to NAHREP, this year’s Top 250 Latino Agents Report includes rankings of top individual agents, top Latino teams and top agents by major market regions, representing over $9.25 billion in combined sales volume in 2020. The individual agents in the national Top 250 ranking represent a combined total of 18,261 units in closed transaction sides from January 2020 through December 2020 and over $4.66 billion in total aggregate volume.

About Realogy Holdings Corp.


Realogy (NYSE: RLGY) is moving the real estate industry to what’s next. As the leading and most integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, Realogy supported approximately 1.4 million home transactions in 2020. The company’s diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby’s International Realty®. Using innovative technology, data and marketing products, high-quality lead generation programs, and best-in-class learning and support services, Realogy fuels the productivity of its approximately 191,700 independent sales agents in the U.S. and more than 135,000 independent sales agents in 117 other countries and territories, helping them build stronger businesses and best serve today’s consumers. Recognized for ten consecutive years as one of the World’s Most Ethical Companies, Realogy has also been designated a Great Place to Work three years in a row and is one of LinkedIn’s 2021 Top Companies in the U.S.  

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/realogy-leads-nahrep-top-250-latino-agents-report-with-more-affiliated-agents-than-any-other-company-301301732.html

SOURCE Realogy Holdings Corp.

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HAGENS BERMAN Alerts ContextLogic (WISH) Investors to Securities Fraud Lawsuit, Encourages Investors with Significant Losses to Contact Its Attorneys Now

SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges ContextLogic Inc. (NASDAQ: WISH) investors with significant losses to submit your losses now. A securities class action is pending and certain investors who purchased shares in the company’s December 2020 IPO or on the open market may have valuable claims.

Class Period: Dec. 16, 2020 – May 12, 2021
Lead Plaintiff Deadline: July 16, 2021
Visit:www.hbsslaw.com/investor-fraud/WISH
Contact An Attorney Now:[email protected]
                                              844-916-0895

ContextLogic Inc. (NASDAQ: WISH) Securities Class Action:

The complaint alleges that ContextLogic’s IPO registration documents materially overstated the company’s business metrics and financial prospects. Specifically, the IPO registration documents touted ContextLogic’s exponential monthly active user (MAUs) growth, claiming its then108 million MAUs was a key driver of revenue growth.

In reality, by the time of its December 2020 IPO, ContextLogic’s MAUs had declined materially and the IPO registration documents failed to disclose this known trend reasonably likely to materially impact ContextLogic’s profitability.

On Mar. 8, 2021, Context reported disappointing 4Q 2020 and full year 2020 results, disclosing its MAUs had already “declined 10% YoY during Q4 to 104 million.”

Then, on May 12, 2021, ContextLogic announced poor Q1 2021 results, including another 7% drop in MAUs to just 101 million, and the company slashed sales guidance for Q2 2021.

These disclosures caused the price of WISH shares to decline sharply.

“We’re focused on investors’ losses and proving ContextLogic overstated MAUs and concealed known trends,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are a ContextLogic investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding ContextLogic should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].


About Hagens Berman


Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 844-916-0895



Posted on

GOEV 4-DAY DEADLINE ALERT: Hagens Berman Encourages Canoo (GOEV) Investors to Contact its Attorneys Before June 1st Application Deadline

SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Canoo Inc. f/k/a Hennessy Capital Acquisition Corp. IV (NASDAQ: GOEV) investors with significant losses to submit your losses now. A securities fraud class action has been filed and certain investors may have valuable claims.

Class Period: Aug. 18, 2020 – Mar. 29, 2021
Lead Plaintiff Deadline: June 1, 2021
Visit:www.hbsslaw.com/investor-fraud/GOEV
Contact An Attorney Now:[email protected]
                                              844-916-0895

Canoo Inc. (NASDAQ: GOEV) Securities Fraud Class Action:

The complaint alleges Canoo misled investors before and after going public through a SPAC closing on Dec. 21, 2020.

Specifically, Defendants repeatedly touted a three-pronged strategy to generate revenue and growth: (i) an engineering services segment; (ii) the sales of subscriptions of vehicles to consumers; and (iii) the sale of vehicles to other businesses. Canoo also emphasized its agreements with established OEMs, including with Hyundai for the co-development of a future EV platform

In truth, defendants concealed that Canoo (1) had decreased its focus on its plan to sell vehicles to consumers through a subscription model; (2) would de-emphasize its engineering services business; and (3) did not have partnerships with OEMs and no longer engaged in the previously announced partnership with Hyundai.

On Mar. 29, 2021, the truth emerged when Canoo abruptly announced its CFO was being replaced, that it would deemphasize its engineering services business, would no longer focus on subscription sales to consumers, and try to make and sell its own vehicles to commercial operators. Moreover, on a call with investors, Canoo’s Chairman characterized senior management’s statements concerning the company’s partnerships as “aggressive” and that “they weren’t at our standard of representation to the public markets.”

In response to this news, analyst Roth Capital downgraded the company’s shares from buy to neutral buy and slashed its price target, and the price of Canoo shares crashed.

Most recently, on Apr. 22, 2021 Canoo abruptly announced additional C-Suite departures. This time, the company announced, CEO Ulrich Kranz and General Counsel Andrew Wolstan will leave Canoo effective Apr. 30, 2021.

“We’re focused on investors’ losses and proving defendants intentionally misrepresented the viability of Canoo’s business model and business partnerships,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are a Canoo investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Canoo should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].


About Hagens Berman


Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 844-916-0895

 



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HAGENS BERMAN Encourages Romeo Power (RMO) Investors with Losses to Contact the Firm Now, June 15th Deadline Approaching in Securities Fraud Lawsuit

SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Romeo Power, Inc. (NYSE: RMO) investors with significant losses to submit your losses now. A securities class action has been filed and certain investors may have valuable claims.        

Class Period: Oct. 5, 2020 – Mar. 30, 2021
Lead Plaintiff Deadline: June 15, 2021
Visit:
http://www.hbsslaw.com/cases/RMO
Contact An Attorney Now:  [email protected]
  844-916-0895

Romeo Power, Inc. (NYSE: RMO) Securities Fraud Action:

The complaint centers on Romeo’s misrepresentations and omissions concerning its access to battery cells, a key component of the company’s battery modules and packs.

During the class period, Romeo emphasized the company’s 4 key battery cell supply partners, which in turn eliminated supply chain risks and support its lofty revenue projections ($11 million for 2020 and $140 million for 2021). The company repeatedly assured investors it had sufficient long-term contracts to supply enough battery cells even in the face of the tight supply.

But the truth emerged on Mar. 30, 2021, when Romeo released a dismal outlook for 2021, reducing its 2021 guided revenues by a whopping 71% – 81%, claiming the shortfall stemmed from a shortage of battery cells. On an earnings call later that same day, management elaborated on the supply constraint, admitting that Romeo depended on just 2 (not 4, as previously touted) battery cell suppliers.

In response to this news, Romeo shares declined $2.04 per share, or almost 20%, in a single trading day.

Most recently, on May 13, 2021, the company announced just $1.045 million revenues for Q1 2021. This was a 58% drop from Q1 2020 and a tiny fraction of the $18 – $40 million 2021 revenue guidance given on Mar. 30, 2021. Management noted the company is still looking for battery cell suppliers.

“We’re focused on investors’ losses and proving Romeo concealed supply chain risks,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are a Romeo Power investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Romeo Power should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].


About Hagens Berman


Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 844-916-0895



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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Acadia Pharmaceuticals (ACAD) Investors with Losses to Contact the Firm, June 18th Deadline Approaching in Securities Fraud Lawsuit

SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Acadia Pharmaceuticals Inc. (NASDAQ: ACAD) investors with significant losses to submit your losses now.

Class Period: June 15, 2020 – Apr. 4, 2021
Lead Plaintiff Deadline: June 18, 2021
Visit:www.hbsslaw.com/investor-fraud/ACAD
Contact An Attorney Now:[email protected]
844-916-0895

Acadia Pharmaceuticals Inc. (NASDAQ: ACAD) Securities Fraud Action:

The complaint alleges that Defendants misrepresented facts concerning Acadia’s supplemental new drug application (“sNDA”) for NUPLAZID® (pimavanserin), which treats dementia-related psychosis (“DRP”).

Specifically, on July 20, 2020, Acadia announced the FDA accepted for filing the sNDA and stated that its pivotal study for the drug showed a meaningful reduction of psychosis symptoms and a nearly 3X reduction in the risk of relapse for patients continuing on pimavanserin vs. placebo. Thereafter, the company repeatedly stated the FDA had not identified any potential review issues and reiterated the drug’s efficacy.

But the truth began to emerge on Mar. 8, 2021, when Acadia announced that on Mar. 3, 2021 the FDA informed the company that it had identified deficiencies in the sNDA.  

Then, on Apr. 5, 2021, Acadia announced the FDA had rejected the sNDA, citing a lack of statistical significance regarding some of the subgroups of dementia and inadequate numbers of patients with some less common dementia subtypes.

“We’re focused on investors’ losses and proving Acadia misled investors by concealing FDA-related review risks for the sNDA,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are an Acadia investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Acadia should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].


About Hagens Berman


Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895



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Thinking about buying stock in BlackBerry, Hexo Corp, GameStop, Aqua Metals, or Palantir Technologies?

PR Newswire

NEW YORK, May 28, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for BB, HEXO, GME, AQMS, and PLTR.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/thinking-about-buying-stock-in-blackberry-hexo-corp-gamestop-aqua-metals-or-palantir-technologies-301301699.html

SOURCE InvestorsObserver

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Thinking about trading options or stock in Ollie’s Bargain Outlet, Plug Power, AstraZeneca, Apple, or Aurora Cannabis?

PR Newswire

NEW YORK, May 28, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for OLLI, PLUG, AZN, AAPL, and ACB.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street’s opinion including a 12-month price forecast.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/thinking-about-trading-options-or-stock-in-ollies-bargain-outlet-plug-power-astrazeneca-apple-or-aurora-cannabis-301301696.html

SOURCE InvestorsObserver

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Thinking about trading options or stock in Beyond Meat, Veeva Systems, Salesforce, General Electric, or Ford?

PR Newswire

NEW YORK, May 28, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for BYND, VEEV, CRM, GE, and F.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street’s opinion including a 12-month price forecast.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/thinking-about-trading-options-or-stock-in-beyond-meat-veeva-systems-salesforce-general-electric-or-ford-301301700.html

SOURCE InvestorsObserver

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Evergy Files Kansas Integrated Resource Plan

Evergy Files Kansas Integrated Resource Plan

Inaugural Kansas filing mirrors Missouri as energy company moves toward goal of net-zero carbon emissions.

KANSAS CITY, Mo.–(BUSINESS WIRE)–
Today, Evergy filed its first Integrated Resource Plan (IRP) with the Kansas Corporation Commission. The plan prioritizes sustainability, reliability and cost competitiveness with retirement of 1,200 megawatts of coal-based fossil generation and the addition of 3,200 MW of renewable generation in the next 10 years.

“We’re on a journey to a cleaner energy future, while balancing the highest priorities of reliability and affordability for our customers,” said David Campbell, president and chief executive officer. “Our coal-fired fossil plants are now more flexible than ever and frequently operate as a backup to renewable generation sources. This flexibility allows us to adapt to real-time needs – running fossil plants more when renewable availability is low or customer demand is high. This measured transition toward more sustainable resource options maintains the reliability our customers need.”

The filing includes the same forecasted generation additions and retirements announced in April when Evergy filed its IRP with the Missouri Public Service Commission. The transition toward more sustainable energy sources advances Evergy’s goal to reduce carbon emissions 70 percent by 2030 (relative to 2005 levels) and achieve net-zero carbon emissions by 2045, assuming technology, regulatory, and legislative enablers have advanced to facilitate this goal. Within the next three years, the company will retire its Lawrence (KS) Energy Center and add 700 MW of solar energy.

Continuing recent trends, Evergy expects its coal plants will run fewer hours as their energy is increasingly displaced by lower cost renewable resources. At the same time, the reliability challenges driven by the extreme weather of February 2021 demonstrated the value of dispatchable generation with fuel on the ground. The phased transition approach in the IRP provides Evergy the ability to adjust planned additions and retirements based on evolving market, technology, and policy dynamics. As the company’s older fossil-fueled plants near the end of their useful lives, Evergy will continue to responsibly manage these assets for the benefit of customers while allowing advancing and emerging technology to develop. Evergy will also continue its focus on people, offering opportunities for employees at retiring generation facilities to learn new skills and fill different roles at the company.

Today’s IRP is a triennial filing that establishes a clear implementation plan through the next triennial filing in 2024 and describes expectations for meeting longer-term customer energy needs through 2040. The Plan was developed through an extensive regulatory stakeholder process to meet the diverse needs of the company’s customers and communities. The IRP is central to Evergy’s Sustainability Transformation Plan (STP), the company’s strategic plan guiding decisions through 2024, and continues the company’s transition toward a more sustainable energy company. Click here to read Evergy’s 2021 IRP Overview and here to learn more about Evergy’s energy mix.

About Evergy, Inc.

Evergy, Inc. (NYSE: EVRG) serves approximately 1.6 million customers in Kansas and Missouri. We generate nearly half the power we provide to homes and businesses with emission-free sources. We support our local communities where we live and work and strive to meet the needs of customers through energy savings and innovative solutions.

Forward Looking Statements

Statements made in this release that are not based on historical facts are forward-looking, may involve risks and uncertainties, and are intended to be as of the date when made. Forward-looking statements include, but are not limited to, statements relating to Evergy’s strategic plan, including, without limitation, those related to earnings per share, dividend, operating and maintenance expense and capital investment goals; the outcome of legislative efforts and regulatory and legal proceedings; future energy demand; future power prices; plans with respect to existing and potential future generation resources; the availability and cost of generation resources and energy storage; target emissions reductions; and other matters relating to expected financial performance or affecting future operations. Forward-looking statements are often accompanied by forward-looking words such as “anticipates,” “believes,” “expects,” “estimates,” “forecasts,” “should,” “could,” “may,” “seeks,” “intends,” “proposed,” “projects,” “planned,” “target,” “outlook,” “remain confident,” “goal,” “will” or other words of similar meaning. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from the forward-looking information.

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc. (collectively, the Evergy Companies) are providing a number of risks, uncertainties and other factors that could cause actual results to differ from the forward-looking information. These risks, uncertainties and other factors include, but are not limited to: economic and weather conditions and any impact on sales, prices and costs; changes in business strategy or operations; the impact of federal, state and local political, legislative, judicial and regulatory actions or developments, including deregulation, re-regulation, securitization and restructuring of the electric utility industry; decisions of regulators regarding, among other things, customer rates and the prudency of operational decisions such as capital expenditures and asset retirements; changes in applicable laws, regulations, rules, principles or practices, or the interpretations thereof, governing tax, accounting and environmental matters, including air and water quality and waste management and disposal; the impact of climate change, including increased frequency and severity of significant weather events and the extent to which counterparties are willing to do business with, finance the operations of or purchase energy from the Evergy Companies due to the fact that the Evergy Companies operate coal-fired generation; prices and availability of electricity in wholesale markets; market perception of the energy industry and the Evergy Companies; the impact of the Coronavirus (COVID-19) pandemic on, among other things, sales, results of operations, financial condition, liquidity and cash flows, and also on operational issues, such as the availability and ability of Evergy Companies’ employees and suppliers to perform the functions that are necessary to operate the Evergy Companies; changes in the energy trading markets in which the Evergy Companies participate, including retroactive repricing of transactions by regional transmission organizations (RTO) and independent system operators; financial market conditions and performance, including changes in interest rates and credit spreads and in availability and cost of capital and the effects on derivatives and hedges, nuclear decommissioning trust and pension plan assets and costs; impairments of long-lived assets or goodwill; credit ratings; inflation rates; the transition to a replacement for the London Interbank Offered Rate (LIBOR) benchmark interest rate; effectiveness of risk management policies and procedures and the ability of counterparties to satisfy their contractual commitments; impact of physical and cybersecurity breaches, criminal activity, terrorist attacks and other disruptions to the Evergy Companies’ facilities or information technology infrastructure or the facilities and infrastructure of third-party service providers on which the Evergy Companies rely; ability to carry out marketing and sales plans; cost, availability, quality and timely provision of equipment, supplies, labor and fuel; ability to achieve generation goals and the occurrence and duration of planned and unplanned generation outages; delays and cost increases of generation, transmission, distribution or other projects; the Evergy Companies’ ability to manage their transmission and distribution development plans and transmission joint ventures; the inherent risks associated with the ownership and operation of a nuclear facility, including environmental, health, safety, regulatory and financial risks; workforce risks, including those related to the Evergy Companies’ ability to attract and retain qualified personnel, maintain satisfactory relationships with their labor unions and manage costs of, or changes in, retirement, health care and other benefits; disruption, costs and uncertainties caused by or related to the actions of individuals or entities, such as activist shareholders or special interest groups, that seek to influence Evergy’s strategic plan, financial results or operations; the possibility that strategic initiatives, including mergers, acquisitions and divestitures, and long-term financial plans, may not create the value that they are expected to achieve in a timely manner or at all; difficulties in maintaining relationships with customers, employees, regulators or suppliers; and other risks and uncertainties.

This list of factors is not all-inclusive because it is not possible to predict all factors. Additional risks and uncertainties are discussed from time to time in current, quarterly and annual reports filed by the Evergy Companies with the Securities and Exchange Commission (SEC). Reports filed by the Evergy Companies with the SEC should also be read for more information regarding risk factors. Each forward-looking statement speaks only as of the date of the particular statement. The Evergy Companies undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Media Contact:

Gina Penzig

Manager, External Communications

Phone: 785.508.2410

[email protected]

Media line: 888-613-0003

Investor Contact:

Cody VandeVelde

Director, Investor Relations

Phone: 785-575-8227

[email protected]

KEYWORDS: Kansas Missouri United States North America

INDUSTRY KEYWORDS: Coal Alternative Energy Energy Utilities

MEDIA:

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