Fidus Investment: High Yield, Special Dividends And NAV Upside
- Fidus Investment covers its base dividend with net investment income and is growing net originations, supporting reliable income and portfolio growth. The portfolio has shifted toward higher-quality First Lien loans, resulting in improved credit quality and a low non-accrual ratio versus peers. The stock trades at a modest 5% premium to NAV, but strong fundamentals and dividend coverage suggest potential for a higher valuation multiple.
- 07/03/2025
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2 Small-Cap REITs That 'Cut The Cheese', Now What?
- Small-cap REITs have been hit hard, but deep discounts and recent dividend cuts create potential upside for selective, well-researched picks. Global Medical REIT offers value after a dividend cut and new CEO, trading at a steep discount to NAV with a now well-covered 8.9% yield. Armada Hoffler, despite a lumpy earnings history and high leverage, trades at a 40% discount to NAV and offers an 8% covered yield.
- 06/30/2025
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Tetragon Financial Group Limited May 2025 Monthly Factsheet
- LONDON , June 30, 2025 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for May 2025. Net Asset Value: $3,253m Fully Diluted NAV per Share: $35.84 Share Price (TFG NA): $13.75 Monthly NAV per Share Total Return: 1.3% Monthly Return on Equity: 1.7% Most Recent Quarterly Dividend: $0.11 Dividend Yield: 3.2% Please refer to important disclosures on page three of the Monthly Factsheet.
- 06/30/2025
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Sixth Street Specialty Lending: Worthy NAV Premium
- Sixth Street Specialty Lending (TSLX) stands out for growing net investment income and maintaining a well-covered, safe 8% dividend yield. TSLX's focus on first-lien originations and improving credit quality supports its premium valuation, despite slightly above-average non-accruals. The company trades at a 34% premium to NAV, justified by robust dividend coverage and consistent income growth versus peers.
- 06/29/2025
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Prospect Capital: Lower Dividend Risk (Rating Upgrade)
- Prospect Capital offers an attractive value proposition due to its massive discount to NAV, but is best suited for investors comfortable with higher volatility. The November 2024 dividend cut has improved dividend coverage and balance sheet quality, making the payout more sustainable despite ongoing NAV concerns. Portfolio quality remains strong with a low non-accrual percentage, and PSEC's first-lien strategy supports its credit profile.
- 06/25/2025
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PennantPark Floating Rate Capital: Avoiding This Dividend Powerhouse Amid Declining NAV Concerns
- Great dividend, weak stock. The 12% yield looks nice, but the stock and NAV have been slowly sliding for years. NAV keeps dropping. It is down 22% over 14 years and never really recovered. Q2 was not impressive. Core NII came in below the dividend.
- 06/19/2025
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USA: Nearly 9% Income, Narrow Discount And Decent Long-Term Performance
- Liberty All-Star Equity Fund offers high income (nearly 9% yield) via a managed 10% NAV distribution but lags S&P 500 in total returns. The fund is diversified, uses no leverage, and is managed by five sub-advisors blending growth and value styles, with 90% U.S. exposure. USA trades at a slight discount to NAV, but its aggressive payout policy limits NAV growth, especially in prolonged downturns.
- 06/15/2025
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New Mountain Finance: A Buy At A 13% NAV Discount
- New Mountain Finance covered its dividend for two quarters, but the 100% payout ratio leaves no margin of safety for future payments. NMFC stock trades at a 13% discount to net asset value, reflecting market concerns about a potential short-term dividend cut. Credit quality is stable, with an improving non-accrual trend and a strong focus on first lien debt in the portfolio.
- 06/11/2025
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REITweek Conference: Fresh Data On All Things REIT
- REITweek 2025 highlighted a massive disconnect between public REIT prices and private real estate values, with most sectors trading at steep NAV discounts. Management teams are aggressively pursuing share buybacks, capitalizing on the undervaluation to drive immediate NAV and AFFO/share accretion. The best opportunities are in shopping centers, industrial, farmland, and timberland—sectors with rising property values, strong fundamentals, and highly transactable assets.
- 06/10/2025
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Belpointe PREP Is Attractive Again Trading At Only 0.55x NAV
- Belpointe PREP offers unique growth in the REIT sector, focusing on opportunity zones and a robust development pipeline for future income generation. Recent completion of Aster & Links and progress on the Viv project are driving rental revenue growth, but current earnings remain negative due to lease-up and interest expenses. The fund trades at a significant discount to NAV (0.55x), making it undervalued as asset values rise and new projects near completion.
- 06/10/2025
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Despite The Attractive Discount, I Wouldn't Consider Prospect Capital (Rating Downgrade)
- PSEC's fundamentals continue to deteriorate, with persistent NAV erosion and declining net investment income despite a large discount to NAV. Dividend coverage is weakening, and another cut is likely as financials worsen, and lower interest rates loom, increasing risk for income investors. PSEC's inability to issue shares accretively at a discount to NAV limits growth potential, unlike higher-quality BDC peers with consistent NAV growth.
- 06/09/2025
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Portman Ridge Finance: Q1 Earnings Reveal More Downside Risks
- I maintain my sell rating on PTMN due to weak earnings, ongoing NAV decline, and deteriorating dividend coverage, despite a large discount to NAV. PTMN's portfolio quality is slipping, with non-accruals rising to 2.6% and limited new investment activity, signaling ongoing downside risk. The current 16.1% dividend yield is barely covered by earnings, leaving little margin for error and raising concerns about future payout sustainability.
- 06/03/2025
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Tetragon Financial Group Limited April 2025 Monthly Factsheet
- LONDON , May 30, 2025 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for April 2025. Net Asset Value: $3,197m Fully Diluted NAV per Share: $35.39 Share Price (TFG NA): $14.10 Monthly NAV per Share Total Return: 0.3% Monthly Return on Equity: 0.5% Most Recent Quarterly Dividend: $0.11 Dividend Yield: 3.1% Please refer to important disclosures on page three of the Monthly Factsheet.
- 05/30/2025
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BTX: Why The June Tender Offer Keeps This A 'Buy'
- I reiterate my Buy rating on BTX, due to the upcoming June tender offer at 99.5% of NAV, providing a low-risk exit opportunity. The fund's discount to NAV has narrowed, but the tender offer could unlock further value, especially if PsiQuantum's valuation round closes soon. BTX's strategy shift to unlimited private tech investments increases risk post-tender, but also potential upside if private valuations improve.
- 05/29/2025
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ECC: Still Delivers High-Yield Income Despite Declining NAV
- Eagle Point Credit Co LLC remains attractive for long-term, patient income investors seeking high yield, but recent price volatility and NAV decline warrant caution. The Series D preferred shares, ECC.PR.D, offer a safer, nearly 9% yield with lower risk, making them ideal for conservative income investors. ECC's recurring cash flows continue to cover distributions, and the fund's CLO resets provide additional flexibility and portfolio safety.
- 05/28/2025
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Power Corporation of Canada: Defensive Discount To NAV And Attractive GARP Strategy
- We reiterate my Buy rating on Power Corporation, citing a compelling 20% discount to NAV and strong defensive qualities amid market volatility. Power's underlying holdings are not overvalued compared to peers, and the persistent NAV discount offers a margin of safety rather than a value trap. Growth prospects are robust: forward revenue growth is projected at 16.6%, outpacing Canadian financial peers, with key holdings delivering record results.
- 05/28/2025
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April Monthly Net Asset Value Estimate
- NBPE Announces April Monthly NAV Estimate St Peter Port, Guernsey 28 May 2025 NB Private Equity Partners (NBPE), the $1.2bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 April 2025 monthly NAV estimate. NAV Highlights (30 April 2025) NAV per share was $27.29 (£20.43), a total return of 0.4% in the month Approximately 62% of fair value based on private company valuation information as of Q1 2025 or based on 30 April 2025 quoted prices Based on information received so far, private company valuations increased fair value by 0.4% during Q1 2025 on a constant currency basis NBPE expects to receive additional updated Q1 2025 financial information which will be incorporated in future monthly NAV updates $307 million of available liquidity at 30 April 2025 ~151k shares repurchased during April 2025 at a weighted average discount of 33% which were accretive to NAV by ~$0.02 per share.
- 05/28/2025
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Historic Buying Opportunity: 5-7% Yields With Big Buybacks And Deep Discounts To NAV
- Being able to buy high-yield, high-buyback stocks with solid balance sheets at deep discounts to NAV is extremely rare. However, there are several opportunities like this in today's market. I share two of some of my favorite opportunities like this right now.
- 05/27/2025
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Merlin Properties: Crudely Around 20% NAV Upside Before Tax Considerations
- Data centers are expected to deliver meaningful rent and GAV growth, with Phase I and II developments set to significantly increase their portfolio share by 2030. There is a 20% upside on the GAV discount, but it's not fantastic on its own. More broadly attractive is the likely cost of capital beating returns on development investments. Much of the new data center capacity is already pre-let, supporting confidence in future topline growth as these assets come online and start generating rents.
- 05/22/2025
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Fidus Investment Corp: Same Strong Performance At An Improved Valuation
- Fidus Investment (FDUS) offers an 11% dividend yield and trades at a 1% premium to NAV, with efficient net investment income generation due to low leverage and low interest expense. The company's Q1 adjusted net investment income was flat at $0.54, with a stable NAV and a managed dividend policy ensuring 100% coverage. FDUS's portfolio quality remains strong, with modest non-accruals and improved internal ratings.
- 05/21/2025
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Blue Owl Capital: Discount To NAV, High Yield, Post-Merger Synergies Attractive
- Blue Owl Capital Corp.'s recent merger with OBDE enhances its portfolio, size, and funding costs, making its high yield attractive despite potential risks. OBDC's solid credit quality, defensive portfolio, and spillover income ensure reliable dividend coverage, even with lower base rates and economic uncertainties. The BDC's current 3.36% discount to NAV and double-digit yield offer high-yield investors a compelling income opportunity, especially retirees.
- 05/20/2025
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Main Street Capital: Why The Market Keeps Paying A Premium
- MAIN stands out for its disciplined, internally managed BDC model, prioritizing sustainable dividends and steady NAV growth over headline yields. Q1 2025 results showcased strong NAV growth, robust dividend coverage, and a standout equity exit, reinforcing MAIN's value-creation strategy. The company's conservative dividend policy, with regular and supplemental payouts, ensures reliability and resilience even in volatile markets.
- 05/16/2025
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Cornerstone Strategic Investment Fund: A Solid Investment With Some Minor Flaws
- I am initiating coverage of Cornerstone Strategic Investment Fund with a buy rating for its consistent, high income and solid long-term returns. CLM closely tracks the S&P 500, offering diversified exposure to large-cap stocks, and boasts a forward yield near 20%. Unique features include dividend reinvestment at NAV and tax advantages, though the aggressive payout policy risks NAV erosion in weak markets.
- 05/15/2025
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Firsthand Technology Value Fund Announces First Quarter Financial Results, NAV of $0.12 Per Share
- SAN JOSE, Calif., May 15, 2025 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (OTCQB: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the quarter ended March 31, 2025.
- 05/15/2025
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Prospect Capital: Largest Discount In A Decade Still Doesn't Justify A Buy
- Prospect Capital (PSEC) has been a poor performer, trading at its largest discount to NAV in a decade due to earnings decline and poor financials. PSEC's heavy reliance on real estate makes it vulnerable to high interest rates, causing a significant NAV decline and underperformance against peers. Despite a high dividend yield of 14.9%, the long-term sustainability is questionable, with no significant improvements in portfolio structure or new investment activity.
- 05/11/2025
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NAV Dip, PIK Interest, And Perpetual Discount Sees Prospect Capital Downgraded To Junk
- Prospect Capital's market cap has plummeted 31% over the last year, driven by a sustained decline in net asset value (NAV) and dividend cuts. The BDC's fiscal 2025 third-quarter NAV per share fell to $7.25, down from $7.84 in the previous quarter. PSEC was downgraded to junk status by both S&P and Moody's. Both agencies cited rising payment-in-kind (PIK) interest payments and declining credit quality as core issues.
- 05/10/2025
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My Income Portfolio: In The Garden Of Eden
- Total Return can be misleading if not supported by NAV growth, as it may include unsustainable distributions and Return of Capital. Behavioral finance shows markets are irrational, making it crucial to consider practical aspects beyond theoretical Total Return calculations. I believe that NAV performance can affect our discretion in the reinvestment choices for the distributions we receive from our savings much more than Total Return.
- 05/05/2025
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Strategy: Why You Should Pay The NAV Premium
- Michael Saylor's strategy involves using debt to accumulate Bitcoin, leveraging traditional financial tools to maximize returns on Bitcoin investments. MSTR trades at a premium to Bitcoin NAV due to its exposure to leverage, simplicity, and convenience relative to other Bitcoin products. The company's capital structure includes selling shares, convertible notes, and preferred shares, each with varying impacts on BTC yield and risk.
- 05/05/2025
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Pebblebrook Hotel Trust: Deep Discount To NAV But Not Recommended
- Pebblebrook Hotel Trust is a hospitality REIT, which has repositioned itself towards leisure-oriented properties in recent years. Despite a healthy financial position, the dividend remains at a nominal $0.01/share, deterring yield-focused investors, while management focuses on share repurchases. Given the low dividend yield and prolonged undervaluation, I rate Pebblebrook Hotel Trust as a "Sell".
- 05/02/2025
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Tetragon Financial Group Limited March 2025 Monthly Factsheet
- LONDON , April 30, 2025 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for March 2025. Net Asset Value: $3,191m Fully Diluted NAV per Share: $35.38 Share Price (TFG NA): $14.25 Monthly NAV per Share Total Return: 0.5% Monthly Return on Equity: 0.8% Most Recent Quarterly Dividend: $0.11 Dividend Yield: 3.1% Please refer to important disclosures on page five of the Monthly Factsheet.
- 04/30/2025
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NBPE Announces Audited 2024 Results and 31 March 2025 Est. NAV
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS
- 04/28/2025
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Major Market Disconnect: 5%+ Yields Trading For Pennies On The Dollar
- One opportunity yields 5.7% and trades at a 31% discount to NAV. The other yields 5% and trades at a 42% discount to NAV. Both are proven inflation hedges and have strong insider-aligned management in sectors the market has deeply mispriced.
- 04/26/2025
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Trinity Capital: A 13% Venture-Backed Dividend Yield
- Trinity Capital maintains a stable 13.8% dividend yield with a 3-year CAGR of 8.4%, supported by strong NAV growth and earnings spillover. TRIN's NAV per share increased sequentially, driven by net investment income and realized gains. Net investment income provided 114% dividend coverage. Trading at a 10.7% premium to NAV, there is downside risk amid recession fears, but the BDC's portfolio is well-diversified with a focus on secured loans.
- 04/26/2025
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Bullish On Mexico Fund Though NAV Discount Is Likely To Persist
- I'm bullish on Mexico due to its strategic positioning, USMCA trade agreement, and nearshoring trends, despite recent political uncertainties. Mexican stocks have been outperforming over the past three months, and this should continue as tariffs take a toll on rival manufacturing countries. The Mexico Fund has slightly outperformed its comparable ETF over the long term.
- 04/17/2025
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Gabelli Multimedia Trust Board Approves at the Market Common Stock Offerings With Prices Trading Above NAV
- RYE, N.Y., April 09, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) has authorized the Fund to conduct offerings of common stock in “at the market” transactions (“ATM offering”),at prices above the net asset value, which would be accretive to the common shares.
- 04/09/2025
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Palmer Square Capital: Dividend Cut And Falling NAV (Rating Downgrade)
- I am downgrading Palmer Square Capital to a hold due to declining NAV, reduced dividend, and high debt levels amidst elevated interest rates. Despite a diverse portfolio and low non-accruals, PSBD's high debt and reduced dividend limit growth potential and reliability of income. PSBD's price trades at a significant discount to NAV, presenting a potential entry point, but future earnings and rate cuts are uncertain.
- 04/09/2025
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SLR Investment: 9.6% Yield And NAV Growth Make It A Buy
- SLR Investment Corp. is a resilient BDC with a strong portfolio of first-lien, asset-based, and equipment-backed loans, offering downside protection. Despite rate cuts, SLRC maintained stable NII and increased NAV per share, reflecting disciplined management and robust credit performance. Trading at a 6% discount to NAV and yielding 9.6%, SLRC offers an attractive risk-reward setup for income investors.
- 03/31/2025
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Tetragon Financial Group Limited February 2025 Monthly Factsheet
- LONDON , March 31, 2025 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for February 2025. Net Asset Value: $3,172m Fully Diluted NAV per Share: $35.32 Share Price (TFG NA): $15.45 Monthly NAV per Share Total Return: -0.8% Monthly Return on Equity: -0.7% Most Recent Quarterly Dividend: $0.11 Dividend Yield: 2.8% Please refer to important disclosures on page three of the Monthly Factsheet.
- 03/31/2025
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Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $0.15 Per Share
- SAN JOSE, Calif., March 26, 2025 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (OTCQB: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the year ended December 31, 2024.
- 03/26/2025
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Exor Press Release - FY24 Results
- Amsterdam, 26 March 2025 EXOR DELIVERS 9% NAV PER SHARE GROWTH IN 2024 LAUNCH OF A €1 BILLION SHARE BUYBACK PROGRAM WITH TENDER OFFER AT UP TO 10% PREMIUM NAV reached €38.2 billion at 31 December 2024, with NAV per share increasing by 9% Strong cash flow generation with dividends received from companies and asset disposals amounting to €1.5 billion in 2024. Active and disciplined capital allocation with increased exposure to Healthcare Ordinary dividend to be distributed of approximately €100 million, subject to AGM approval Launch of a new €1 billion share buyback program in the form of a Tender Offer starting 27 March 2025 at a premium of up to 10% The company will hold its annual investor and analyst call on 27 March 2025 at 15hCET € million, unless otherwise indicated 31 December 2024 1 January 2024 Total Assets / Gross Asset Value (GAV)(a) 42,460 39,739 Equity / Net Asset Value (NAV)(a) 38,212 35,423 NAV per share - €(a) 178.78 164.02 Market Capitalization 19,568 21,176 Share Price - € 88.55 90.50 Net Financial Position(a) (3,942) (3,968) Loan-to-Value ratio (LTV) (%)(a) 9.6% 10.1% Years ended 31 December € million, unless otherwise indicated 2024 2023 NAV per share growth (%) 9.0% 32.7% Total Shareholder Return (%)(b) (1.7)% 33.2% MSCI World Return Index (%)(b) 24.8% 17.6% (a) Alternative Performance Measure (APM) which is non-IFRS and is used to measure the Company's financial performance and financial position, in line with industry, and is generally accepted by the financial community.
- 03/26/2025
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2 Dividend Stocks That Could Potentially Double Soon (26-33% Free Cash Flow Yields)
- One stock is trading at just 44% of NAV, with a free cash flow yield over 30% — and a path to possibly doubling in the near future. Another has a publicly traded holding worth more than its market cap and trades at less than 33% of its estimated NAV. These two 6%-yielders could potentially deliver 100% upside in 1-3 years — without chasing hype or mega-cap tech.
- 03/26/2025
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Porsche Automobil Holding: A Compelling Investment Due To NAV Discount
- Porsche Automobil Holding SE holds significant stakes in Volkswagen Group and Porsche and small stakes in portfolio investments in the automotive industry. Both Volkswagen Group and Porsche have shown earnings turbulence, but should regardless have fair earnings prospects over the long term. POAHY trades at a significant discount to NAV, making the investment compelling, especially as Volkswagen Group and Porsche already trade at cheap earnings multiples.
- 03/19/2025
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NBPE Announces February Monthly NAV Estimate
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS
- 03/18/2025
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Portman Ridge Finance: NAV Continues To Slide (Rating Downgrade)
- PTMN's NAV and earnings are declining, with poor new investment activity and a recent 32% dividend cut, prompting a downgrade to a sell rating. The portfolio is diverse and mostly secured, but non-accruals and growing PIK income indicate quality issues and distressed borrowers. PTMN's price is inversely related to interest rates, and with rates expected to remain high, the stock is likely to continue underperforming.
- 03/17/2025
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Supermarket Income REIT focused on costs and bridging the NAV gap
- Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) has reported a solid first half and remains focused on boosting earnings to help close the gap between its share price and the value of its assets. Chair Nick Hewson said the company is making good progress on its strategic objectives, which include cost savings, lease renewals, and asset sales.
- 03/11/2025
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Fidus Investment: Strong Dividend Coverage But Lacks Growth (Rating Downgrade)
- Fidus Investment offers a strong dividend yield of 10.5%, supported by robust earnings and low non-accrual rates, making it attractive for income-focused investors. Despite recent price growth, FDUS trades at a slight premium to NAV, but NAV growth has been weak, raising concerns about overvaluation. The portfolio is diversified but heavily weighted towards Information Technology and Business Services, with a significant portion in secured debt, providing a defensive investment structure.
- 03/10/2025
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Macquarie Asset Management expands active ETF platform with high yield municipal bond ETF
- NEW YORK--(BUSINESS WIRE)--Today, Macquarie Asset Management expanded its active exchange-traded fund (ETF) platform with the launch of Macquarie National High-Yield Municipal Bond ETF (HTAX). Managed by our Municipal Bond Team, HTAX shares the same yield-focused investment objective and process as our flagship high yield municipal bond mutual fund. This new ETF aims to maximize return with an income-driven, risk-controlled approach and a research-driven investment process. HTAX leverages the a.
- 03/06/2025
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Bain Capital Specialty Finance: Q4 Results Show NAV Growth & Strong Dividend Coverage
- Bain Capital Specialty Finance operates as a business development company that continues to demonstrate high-quality characteristics. The portfolio's diversity and 84% first lien structure provide a defensive measure, ensuring high repayment priority and reducing capital loss risk. Despite a slight premium to NAV, BCSF remains attractive due to strong earnings, low non-accruals, and potential for continued growth and NAV improvement.
- 03/03/2025
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NBPE Announces January Monthly NAV Estimate
- 3 March 2025 NB Private Equity Partners (NBPE), the $1.3bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 31 January 2025 monthly NAV estimate. NAV Highlights (31 January 2025) NAV per share was $27.10 (£21.81), a total return of 2.5% in the month, after accruing the 1H 2025 dividend Approximately 78% of fair value based on private company valuation information as of Q4 2024 or based on 31 January 2025 quoted prices Based on information received so far, private company valuations increased by 2.8% (measured against the NAV of all private investments) during Q4 2024 on a constant currency basis NBPE expects to receive additional updated Q4 2024 financial information which will be incorporated in the monthly NAV updates in the coming weeks $281 million of available liquidity at 31 January 2025 ~21k shares repurchased during January 2025 at a weighted average discount of 29% which were accretive to NAV by
- 03/03/2025
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Tetragon Financial Group Limited January 2025 Monthly Factsheet
- LONDON , Feb. 28, 2025 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for January 2025. Net Asset Value: $3,194m Fully Diluted NAV per Share: $35.61 Share Price (TFG NA): $15.60 Monthly NAV per Share Total Return: 0.5% Monthly Return on Equity: 0.7% Most Recent Quarterly Dividend: $0.11 Dividend Yield: 2.8% Please refer to important disclosures on page three of the Monthly Factsheet.
- 02/28/2025
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5 REITs Ripe For Buyout
- M&A is beneficial for target shareholders, offering premiums of 10%-50%, and identifying potential buyout targets involves analyzing specific features like discount to NAV and valuation disparity. REITs trading below NAV, especially in hot asset classes, are prime M&A candidates. Willingness to sell, management incentives, and operational synergies are crucial factors in determining a company's likelihood of being acquired.
- 02/27/2025
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Pantheon International notes January rise in NAV per share
- Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF), in its monthly report, stated its net asset value (NAV) per share at 509.3p at the end of January marking a 1% increase on the prior month. Total NAV stood at £2.3 billion, compared to its market capitalisation in London of £1.5 billion.
- 02/26/2025
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Eagle Point Income: Distribution Remains Well Covered As NAV Grows
- Eagle Point Income remains a buy due to strong net investment income, low default rates, and a growing NAV. EIC's portfolio, heavily focused on CLO debt investments, benefits from higher interest rates, ensuring elevated cash flows and dividend sustainability. The fund's diversified portfolio and high dividend yield of around 15% make it an attractive option for income-focused investors.
- 02/26/2025
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Eagle Point Credit: Q4 Earnings Indicate Both Strength And Weakness (Rating Downgrade)
- ECC offers a high 21.5% dividend yield, fully covered by earnings, but faces capital loss and NAV decline due to high-interest rates. The portfolio is heavily invested in risky CLO equity, with 78.8% exposure, and benefits from floating rate structures, increasing income in high-rate environments. Q4 earnings showed mixed results with net investment income missing estimates and NAV decreasing for four consecutive quarters, reflecting ongoing rate-related challenges.
- 02/22/2025
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Runway Growth: In An Excellent Position To Trade Closer To NAV
- BCP Credit's acquisition of Runway Capital aims to enhance deal access, capital commitment, and operational efficiency for RWAY, potentially boosting its stock performance. RWAY's stock has faced technical pressure due to OCM's large ownership and sales, but BCP Credit's involvement could stabilize the stock closer to its NAV. RWAY's portfolio shows strong credit acumen with low default rates and high yields, but its stock performance hinges on portfolio stability and dividend sustainability.
- 02/20/2025
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180 Degree Capital Corp. Reports Net Asset Value Per Share (“NAV”) of $4.64 as of December 31, 2024
- MONTCLAIR, N.J., Feb. 14, 2025 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital” and the “Company”), today reported its financial results as of December 31, 2024, and noted additional developments from the first quarter of 2025. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results .
- 02/14/2025
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Sell Equities, Buy Municipal Debt At A 7.21% Discount With Nuveen California Select Tax-Free Income Portfolio
- Municipal CEFs like Nuveen California Select Tax-Free Income Portfolio offer tax-free returns, low leverage, and are currently trading at a discount. NXC invests in high-quality municipal securities, with an average coupon of 3.68% and a distribution rate on NAV of 3.97%. The fund's market price is $13.17, NAV is $13.69, and it's trading at a 3.80% discount, presenting a potential profit opportunity.
- 02/13/2025
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Prospect Capital: Deteriorating NAV And Vulnerable To Higher Rates (Rating Downgrade)
- Prospect Capital's portfolio continues to show weakness in a high interest rate environment, leading to a 23% price drop over the last year and a slight dividend reduction. Despite a high dividend yield of 13%, PSEC's total return is negative, and it trades at a significant discount to NAV due to underlying weaknesses. PSEC's earnings have declined, with net investment income at its lowest levels since 2021 and NAV decreasing by 12.1% over the past year.
- 02/12/2025
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Monroe Capital: Slight Improvements May Not Be Enough To Offset Lower Interest Rates
- Monroe Capital has shown improvements in earnings and investment income, but NAV and portfolio value continue to decline, raising concerns about overall credit quality. Despite a solid dividend coverage of 124% and reduced debt, the BDC faces potential downside due to lower interest rates impacting financials. The stock trades at an 8.3% discount to NAV, with no significant upside expected and a potential drop to $7.25 in the coming months.
- 02/04/2025
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Investor AB: No NAV Angle Even When Ignoring State Of Private Markets
- Investor AB is a holding company in Sweden that trades close to NAV when using reported figures for their private assets. We are skeptical about some of the assumptions due to the incremental worsening of conditions from 2021 not being met with significant discounts in private company multiples in the NAV. Even when using management figures, there is no NAV discount, while there are several deep NAV-discount plays in solid industries and developed markets.
- 02/02/2025
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Tetragon Financial Group Limited December 2024 Monthly Factsheet
- LONDON , Jan. 31, 2025 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for December 2024. Net Asset Value: $3,173m Fully Diluted NAV per Share: $35.43 Share Price (TFG NA): $14.00 Monthly NAV per Share Total Return: 2.5% Monthly Return on Equity: 2.6% Most Recent Quarterly Dividend: $0.11 Dividend Yield: 3.1% Please refer to important disclosures on page three of the Monthly Factsheet.
- 01/31/2025
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AIYY: Risk Of Diminishing Income
- YieldMax AI Option Income Strategy ETF uses a synthetic covered call strategy to generate income but has experienced negative total returns since its inception in November 2023. The fund's performance is closely tied to C3.ai's stock, with AIYY's NAV declining due to AI's volatility. Despite distributing monthly income, AIYY's NAV has significantly decreased, and the current 100% yield is likely unsustainable due to a shrinking asset pool.
- 01/29/2025
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Ardmore Shipping: Trading Significantly Below NAV While Day Rates Continue To Advance
- ASC's current valuation is superior to its industry peer group, trading at 75% of NAV. I project modest earnings improvement from the Q4 forecast provided during the Q3 conference call as a result of improved day rates during the month of December. The company continues to drive its cash breakeven lower, but management needs to provide an investible longer-term picture for shareholders.
- 01/28/2025
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NBPE Announces December Monthly NAV Estimate
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS
- 01/28/2025
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Logan Ridge Finance: Disappointing Performance Warrants Huge Discount To NAV
- Logan Ridge Finance Corp.'s disappointing performance, with declines in top and bottom lines and net asset value, justifies its 26% discount to NAV. Despite improved first-lien loan exposure and well-staggered debt maturities, LRFC's financial performance and declining interest rates pose significant headwinds. Dividend coverage of 119% is solid, but due to overall disappointing results, I continue to rate Logan Ridge Finance Corporation a hold.
- 01/26/2025
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Fineqia reports year-end NAV increase for blockchain infrastructure AMC
- Fineqia International Inc (CSE:FNQ, OTC:FNQQF) announced a 38.4% year-end rise in the Net Asset Value (NAV) of its Digital Asset Blockchain Infrastructure (DABI) Actively Managed Certificate (AMC), driven by portfolio adjustments and market trends. Fineqia, a digital asset and investment company, attributed the NAV growth to a repositioning of the portfolio to include assets such as Solana (SOL) and NEAR Protocol (NEAR), along with broader adjustments aligned with blockchain infrastructure trends.
- 01/10/2025
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2 BDCs With 20%+ Discount To NAV: 1 To Buy, 1 To Avoid
- The primary return source of BDC investments is dividend income. Yet, when there is a mismatch between price and value, it is possible to pocket attractive price returns as well. In this article, I share two BDCs that trade at 20%+ discount to their NAV and offer dividend yield starting from 13%.
- 01/09/2025
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Apartment Investment and Management: Concentrated Development Opportunity With Aimco Offspring
- Apartment Investment and Management Company trades below asset value, offering 27% upside to NAV, and returns capital via stock buybacks and special dividends. AIV, a development-focused REIT, emerged from the Aimco split with significant development capabilities concentrated in a $1.3B shell. Valuation hinges on a sum-of-the-parts NAV estimate, with stabilized assets, land value, and in-progress developments forming key components.
- 01/09/2025
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PIMCO Cuts A Couple Of Distributions, Who Could Be Next?
- RCS and PCM recently announced distribution cuts, and they were simultaneously trading at some hefty premiums to their NAV per share. We saw the usual outcome, which is a drastic sell-off as is often the case with the dangerous combination of elevated NAV distribution rates and premiums are mixed. We are looking at two more names to warn about in the future, but predicting distribution cuts is incredibly difficult as funds can pay out what they'd like.
- 01/06/2025
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Tetragon Financial Group Limited November 2024 Monthly Factsheet
- LONDON , Dec. 31, 2024 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for November 2024. Net Asset Value: $3,099m Fully Diluted NAV per Share: $34.58 Share Price (TFG NA): $14.15 Monthly NAV per Share Total Return: -0.2% Monthly Return on Equity: 0.2% Most Recent Quarterly Dividend: $0.11 Dividend Yield: 3.1% Please refer to important disclosures on page three of the Monthly Factsheet.
- 12/31/2024
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Exor: Strategic Portfolio Trading At Deep Discount To NAV
- Exor's long term investment results have been undeniably strong, a fact that the market seems unwilling to recognize. The group's portfolio has a bias toward cyclicals, but steps are being taken to reduce this skew. Exor's current share price implies a discount to NAV of close to 50% and provides investors with an attractive way to invest in names such as Stellantis, Ferrari and Philips.
- 12/30/2024
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Groupe Bruxelles Lambert: The Ultimate Turnaround Play
- GBL trades at a 44% discount to NAV; deeper analysis of its six public holdings, which comprise 61% of NAV, reveals whether this is justified. SGS, the largest holding, is a market leader in a growing industry with solid financials and is fairly valued at 26x P/E. Pernod Ricard and Adidas, both facing post-COVID challenges, are fairly valued; Adidas has shown a 25% YTD return and multiple outlook upgrades.
- 12/21/2024
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Portman Ridge Finance: This 16.4% Yield Is A Hold For Now, But Proceed With Caution
- Portman Ridge Finance Corporation offers a high yield but has shown disappointing returns, with a nearly 20% decline over the past 3 years. The business development company's financials are concerning, with declining net investment income and NAV erosion, raising questions about dividend safety. Despite a 17.19% discount to NAV and spillover income, the dividend coverage is weak, and leverage is above the sector median.
- 12/19/2024
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Golub Capital's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 2 (Includes Updated Dividend Projections)
- Part 2 of this article compares GBDC's recent dividend per share rates, yield percentages, and several other highly detailed (and useful) dividend sustainability metrics to 14 other BDC peers. This includes a comparative analysis of GBDC's cumulative undistributed taxable income ratio, percentage of floating-rate debt investments, recent weighted average annualized yield, and weighted average interest rate on outstanding borrowings. GBDC's “base” dividend sustainability remains strong. When comparing/analyzing all metrics (including additional metrics not mentioned), GBDC is currently deemed to be undervalued (BUY).
- 12/18/2024
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Gladstone Land: A Record 5% Dividend Yield From U.S. Farmland
- Gladstone Land owns 168 farms and nearly 54,000 acre-feet of water assets, with a 99.5% occupancy rate, but shares have dipped 20% over the last year. The REIT's NAV per share stands at $15.57, trading at a 29% discount, with a 5.04% dividend yield, offering a reasonable margin of safety. Third quarter revenue and cash flows have declined, with NAV per share dropping from $20.33 a year ago due to lower farm valuations and higher long-term borrowing costs.
- 12/18/2024
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NBPE Announces November Monthly NAV
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS
- 12/18/2024
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Marlton Nominates Three Highly Qualified and Independent Candidates for Election to 180 Degree Capital Corporation (“TURN”) Board of Directors
- Marlton Seeks NAV Capital Returns and Accountability From Underperforming Management and Disengaged Directors Marlton Seeks NAV Capital Returns and Accountability From Underperforming Management and Disengaged Directors
- 12/17/2024
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MidCap Financial: 11% Yield, 86% Payout Ratio, NAV Discount (Upgrade)
- MidCap Financial Investment is a well-managed BDC with stable dividends, currently selling at a 7% discount to net asset value, offering a margin of safety. The company paid a $0.38 base dividend and a $0.20 special dividend, maintaining an 85% dividend payout ratio, indicating potential for future special dividends. Improved core non-accrual ratio and strategic portfolio investments in First and Second Liens strengthen confidence in MidCap Financial Investment's dividend sustainability.
- 12/06/2024
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Golub Capital's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 1 (Includes Recommendations As Of 11/29/2024)
- Part 1 of this article compares GBDC's recent quarterly change in NAV, quarterly and trailing 12-month economic return, NII, and current valuation to 14 BDC peers. It also performs a comparative analysis between each company's investment portfolio as of 6/30/2024 and 9/30/2024. This includes an updated percentage of investments on non-accrual status. I also provide a list of the other BDC stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), and appropriately valued (a hold recommendation).
- 12/04/2024
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Tetragon Financial Group Limited October 2024 Monthly Factsheet
- LONDON , Nov. 29, 2024 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for October 2024. Net Asset Value: $3,091m Fully Diluted NAV Per Share: $34.66 Share Price (TFG NA): $13.30 Monthly NAV per share total return: 2.7% Monthly Return on Equity: 3.0% Most recent quarterly dividend: $0.11 Dividend yield: 3.3% Please refer to important disclosures on page three of the Monthly Factsheet.
- 11/29/2024
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Golub Capital: 10% Yield, Special Dividends, No NAV Premium
- Golub Capital BDC covered its dividend payout with adjusted net investment income and paid a supplemental dividend, reflecting strong portfolio performance and income distribution. The BDC's portfolio value surged 5% QoQ due to new loan originations and a merger, making it a solid choice for passive income investors. Golub Capital BDC focuses on First Lien investments, ensuring high credit quality and a stable 10% dividend yield without a premium to NAV.
- 11/27/2024
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Eagle Point Credit: Is This 21% Yield Sustainable?
- Eagle Point Credit's high fees, NAV drag, and share dilution make its 21% dividend yield appear unsustainable. ECC does maintain a diverse portfolio, and CLOs tend to be a strong underlying asset class, but the fund's low coverage ratio and fee structure pose significant risks. ECC's NAV per share has been consistently declining, and cash flows from investments are trending lower, raising concerns about future payouts.
- 11/26/2024
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NBPE Announces October Monthly NAV Estimate
- 26 November 2024 NB Private Equity Partners (NBPE), the $1.3bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 31 October 2024 monthly NAV estimate. NAV Highlights (31 October 2024) NAV per share was $27.31 (£21.24), a total return of (0.2%) in the month Year to date NAV TR of 0.7% 0.7% uplift from Q3 2024 private company valuations relative to Q2 2024, based on valuation information received to date (~72% of fair value); additional Q3 2024 valuations expected in the coming weeks $103 million invested in new and follow on investments year to date, including $30 million investment in Mariner Wealth Advisors which funded in November ZDPs fully repaid on 30 October 2024, further simplifying NBPE's capital structure $299 million of available liquidity at 31 October 20242 As of 31 October 2024 YTD 1 Year 3 years 5 years 10 years NAV TR (USD)* Annualised 0.7% 4.4% (0.9%) (0.3%) 70.2% 11.2% 172.2% 10.5% MSCI World TR (USD)* Annualised 16.9% 34.3% 22.1% 6.9% 80.7% 12.6% 168.0% 10.4% Share price TR (GBP)* Annualised (2.5%) 3.6% 4.3% 1.4% 73.0% 11.6% 234.3% 12.8% FTSE All-Share TR (GBP)* Annualised 8.1% 16.3% 19.7% 6.2% 31.9% 5.7% 81.9% 6.2% * All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown.
- 11/26/2024
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Herzfeld Caribbean Basin Fund Has A Timely Path To Trade At NAV Or Better
- Herzfeld Caribbean Basin Fund is at a crossroads, with over 70% of shareholders seeking an exit from the current strategy. 31.2% NAV decline in 2023 Rights Offering was needed for shareholder voting opportunity. Herzfeld's distribution payment mechanism could enable the fund to trade at a premium, but disinterest in the theme undermines the potential.
- 11/25/2024
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Prospect Capital: Out Of The Woods Or Back To The Woodshed?
- Prospect Capital Corporation's recent 25% dividend cut, despite previous ample coverage, raises concerns about future dividend reliability amid high interest rates and NAV erosion. PSEC's low leverage and strong liquidity position, with a 0.44x leverage level and $1.5 billion in liquidity, are positive aspects. The stock trades at a significant 47% discount to NAV, reflecting investor concerns and recent dividend cut impacts.
- 11/16/2024
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Firsthand Technology Value Fund Announces Third Quarter Financial Results, NAV of $0.22 Per Share
- SAN JOSE, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (OTCQB: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the quarter ended September 30, 2024.
- 11/14/2024
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180 Degree Capital Corp. Reports Net Asset Value Per Share (“NAV”) of $4.40 as of September 30, 2024, and Will Host Conference Call to Discuss Results and Q4 2024 Updates on November 15, 2024
- MONTCLAIR, N.J., Nov. 14, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital” and the “Company”), today reported its financial results as of September 30, 2024, and noted additional developments from the fourth quarter of 2024. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results .
- 11/14/2024
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Ares Capital: A Strong Q3 With Income Peak Likely Behind Us
- Ares Capital delivered a solid 3.3% total NAV return, trades at a 9.2% dividend yield, and has a core earnings yield of 11.1%. The NAV rose to a record $19.77, marking the seventh consecutive quarterly rise, driven by retained income and unrealized appreciation. ARCC's portfolio is highly diversified with 535 companies, focusing on larger firms, and recently acquiring Riverside Credit Solutions to balance lending.
- 11/12/2024
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SLR Investment: Consistent Performer But Lacks NAV Growth
- SLR Investment's diverse debt investment portfolio and low non-accrual rate indicate strong underwriting quality and resilience in a high interest rate environment. Despite a 10% dividend yield, thin distribution coverage and limited NAV growth warrant a hold rating for SLRC. Lower interest rates may drive long-term growth, but the current price trades at a less attractive discount to NAV than average.
- 11/12/2024
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Icahn Enterprises: Longstanding NAV Premium
- IEP trades at a premium to its NAV, even the NAV that the company proposes. The dividend getting cut may actually be relatively welcome news to a value investor assuming that this is a good moment to consolidate ownership of CVI. However, a value investor should not be able to get past the premium to NAV that has existed on the instrument for a while, likely because of the large dividend.
- 11/09/2024
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Prospect Capital: 12% Yield And 45% Discount To NAV After Cut
- We had rated Prospect Capital with a Buy and also suggested it as an alternative to another weak BDC. The company cut its distribution today and sent the stock hurling 15% lower. The stock now yields 12% and is at a 45% discount to NAV.
- 11/08/2024
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Blue Owl Capital Corporation III Reports Third Quarter Net Investment Income Per Share of $0.41 and Net Asset Value Per Share of $15.49
- NEW YORK , Nov. 6, 2024 /PRNewswire/ -- Blue Owl Capital Corporation III (NYSE: OBDE, or the "Company") today announced financial results for its third quarter ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS Third quarter net investment income ("NII") per share of $0.41, in-line with the prior quarter and exceeding the regular dividend of $0.35 per share by 17% As previously announced in January, the Board of Directors (the "Board") declared five special dividends of $0.06 per share; the third of which will be payable on or before December 13, 2024 to shareholders of record as of November 29, 2024 10.6%1 annualized dividend yield based on third quarter net asset value ("NAV") per share NAV per share of $15.49, as compared with $15.56 as of June 30, 2024 Originations for the third quarter were $575.1 million, offset by $649.1 million of sales and repayments, as compared with $1.0 billion of originations and $338.3 million of sales and repayments for the three months ended June 30, 2024 Investments on non-accrual decreased to 0.2% of the total fair value of the debt portfolio, as compared with 0.5% as of June 30, 2024 "We saw continued strong momentum in the third quarter, delivering stable portfolio performance to generate an attractive return on equity of 10.5%," commented Craig W.
- 11/06/2024
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Blue Owl Capital Corporation Reports Third Quarter Net Investment Income Per Share of $0.47 and Net Asset Value Per Share of $15.28
- NEW YORK , Nov. 6, 2024 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC, or the "Company") today announced financial results for its third quarter ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS Third quarter net investment income ("NII") per share of $0.47, exceeding the regular dividend of $0.37 per share by 27% and generating an ROE of 12.4% Based on OBDC's supplemental dividend framework, the Board of Directors (the "Board") declared a third quarter supplemental dividend of $0.05 per share Total dividends for the third quarter were $0.42 per share, representing an 11.0% annualized dividend yield based on third quarter net asset value ("NAV") per share NAV per share of $15.28, as compared with $15.36 as of June 30, 2024 Originations for the third quarter were $1.2 billion, offset by $1.1 billion of sales and repayments, as compared with $3.3 billion of originations and $1.1 billion of sales and repayments for the three months ended June 30, 2024 Investments on non-accrual decreased to 0.7% of the total fair value of the debt portfolio, as compared with 1.4% as of June 30, 2024 "OBDC produced another quarter of strong earnings and generated a 12.4% return on equity, supported by the quality of our portfolio and robust origination activity," commented Craig W.
- 11/06/2024
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Oxford Lane Capital Q2 Earnings: High Activity Levels Overshadowed By NAV Decline
- Oxford Lane Capital is a closed end fund that invests in CLO equity and to a lesser extent, debt. OXLC recently reported earnings for fiscal Q2. The fund was remarkably active during the quarter firing over $500 million into new investments.
- 11/04/2024
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Tetragon Financial Group Limited September 2024 Monthly Factsheet
- LONDON , Oct. 31, 2024 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for September 2024. Net Asset Value: $3,016m Fully Diluted NAV Per Share: $33.85 Share Price (TFG NA): $10.20 Monthly NAV per share total return: 3.9% Monthly Return on Equity: 4.1% Most recent quarterly dividend: $0.11 Dividend yield: 4.3% Please refer to important disclosures on page five of the Monthly Factsheet.
- 10/31/2024
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SLR Investment: 11% Yield, 15% Discount From NAV Make It A Buy
- SLR Investment Corp. offers a resilient portfolio with a 10.6% dividend yield, primarily composed of first-lien secured loans and specialty finance sectors, enhancing risk-adjusted returns. Despite lagging S&P 500 returns since my last visit, SLRC trades at a 15% discount to book value, presenting a high-income bargain for patient value investors. SLRC's disciplined portfolio growth, low non-accrual rate, and NAV stability amidst higher interest rates underscore its robust investment potential.
- 10/27/2024
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Boston Scientific Shares Likely to Gain After FARAWAVE NAV Approval
- BSX receives FDA approval for the FARAWAVE NAV Ablation Catheter and FARAVIEW Software, enhancing cardiac mapping and ablation workflows for AF treatment.
- 10/21/2024
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Capital Southwest: Strong Portfolio But NAV Growth Can Be Improved
- I maintain a hold rating on Capital Southwest due to its high premium to NAV and lack of recent NAV growth. CSWC's portfolio is strong, with 88.9% in first lien senior secured debt and diverse industry exposure. Non-accrual rates have improved to 1.9%, but the high interest rate environment poses ongoing risks to borrower performance and net investment income levels.
- 10/20/2024
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9%-Yielding Fidus Investment: 133% Dividend Coverage And Low Leverage
- Fidus Investment offers a well-covered 8.8% regular dividend yield (13% TTM yield), special dividends, and a disciplined focus on the lower middle market, making it an attractive high-yielding investment. FDUS's strong balance sheet and proven track record of NAV preservation and shareholder returns further strengthen its appeal. With a +$1 billion investment portfolio primarily in secured debt and a high weighted average debt yield, FDUS remains a solid pick at virtually no premium to NAV.
- 10/16/2024
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Hercules Capital: Trades At Premium To NAV, But Distribution Coverage Is Strong
- I maintain a hold rating on Hercules Capital due to its high premium to NAV, awaiting a price drop before accumulating shares. HTGC's portfolio emphasizes senior secured first lien debt, providing high repayment priority and protection against borrower underperformance. Despite a slight increase in non-accrual rates, HTGC's distribution remains well-covered by earnings, ensuring no immediate threat to dividend reduction.
- 10/15/2024
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NBPE Announces September Monthly NAV Estimate
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS
- 10/11/2024
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The ABCs On CEFs
- Closed-end funds offer unique advantages like fixed share numbers, no redemption liquidity issues, and exposure to hard-to-access asset classes, enhancing portfolio diversification. CEFs can trade at significant discounts or premiums to NAV due to supply and demand, unlike mutual funds and ETFs which align closely with NAV. Nuveen's AMT-Free Municipal Value Fund is a low-risk CEF with strong distribution coverage, primarily investing in investment-grade municipal bonds and trading at a discount to NAV.
- 10/10/2024
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USA: Interest Rate Cuts Should Help NAV Growth
- Liberty All-Star Equity offers a high 10% dividend yield with diverse sector exposure. USA's portfolio includes significant tech holdings like Microsoft, NVIDIA, and Alphabet, contributing to NAV growth, though it relies heavily on realized gains for performance. Interest rate cuts are expected to drive price appreciation. This will make it more attractive to obtain debt, which can be used to fund a variety of growth initiatives.
- 10/09/2024
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Saratoga Investment Corp. Announces Fiscal Second Quarter 2025 Financial Results
- Reports Per Share Increases in Net Investment Income (“NII”), Adjusted NII, and Net Asset Value (“NAV”), as Compared to Prior Quarter Reports Per Share Increases in Net Investment Income (“NII”), Adjusted NII, and Net Asset Value (“NAV”), as Compared to Prior Quarter
- 10/08/2024
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Crescent Capital: 10% Yield, Low Pay-Out Ratio, 10% NAV Discount (Rating Upgrade)
- Crescent Capital BDC raised its base dividend by 2.4% in Q2 and continues to pay substantial supplemental dividends, enhancing passive income returns. With a low dividend payout ratio and a focus on First Liens, CCAP is a strong 'Buy' for passive income investors. Crescent Capital's net investment income covers its base dividend well, and its non-accrual ratio has improved, indicating high credit quality.
- 10/08/2024
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Exor: Solid Results And Higher NAV
- Exor faces challenges with Stellantis and CNH, but Ferrari's strong performance bolsters its financial stability. Exor's strategic shift towards luxury brands and healthcare indicates a potential move away from the volatile automotive market. Higher NAV and higher discounts. This is not justified. We remain buyers.
- 09/28/2024
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NBPE Announces August Monthly NAV Estimate
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS
- 09/25/2024
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Exor Press Release - H1 2024 Results
- Amsterdam, 24 September 2024 NAV REACHED €38.3 BILLION AT 30 JUNE 2024, AN INCREASE OF €2.9 BILLION DURING THE FIRST HALF OF 2024 NAV per share increased by 9% in the first half of 2024, compared to 14% of the MSCI World Index, mainly driven by the performance of Ferrari, Philips and Lingotto Funds. Strong cash flow generation with dividends received from Companies and asset disposals of €1.5 billion.
- 09/24/2024
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Imperial Petroleum: From A Dilution Machine To A Potential NAV Convergence Opportunity
- Imperial Petroleum has shifted from aggressive dilution and related-party dealings to a more shareholder-friendly approach, marked by significant insider accumulation and a $10 million share buyback program. The company now boasts substantial insider ownership, halted dilution, and trades at a market cap significantly below its cash reserves and overall NAV, indicating multi-bagger potential. Despite a 172% share price rise over the past year, the stock still trades at a massive discount to NAV, suggesting further substantial gains ahead.
- 09/24/2024
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Main Street Capital: The Fears Of Premium Are Overblown
- Despite a significant premium over NAV, Main Street Capital has consistently outperformed the broader BDC market, demonstrating strong and stable performance. By assessing the Q2 2024 data points, the case, in my opinion, has become even more attractive despite the presence of a notable premium over NAV. In this article, I elaborate on why I have remained bullish and why the premium should not scare away investors.
- 09/15/2024
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Gladstone Capital: 9% Yield, Improving Coverage, 1.12x NAV
- Gladstone Capital offers a covered 9% yield, paid monthly, but trades at a 12% premium to NAV, suggesting it's fully valued. The BDC's portfolio is primarily in First and Second Lien debt, with a fair value of $757.8 million, despite a 4% QoQ decline. Improved net investment income boosted the dividend pay-out ratio, but a higher non-accrual ratio poses a risk to the credit profile.
- 09/14/2024
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Prospect Capital: Good Dividend Yield, Not Shareholder Value
- Prospect Capital Corp. is ideal for retirees due to its well-covered monthly dividends, low leverage, and significant discount to NAV. However, PSEC has consistently destroyed shareholder value with negative share price returns over the past 3, 5, and 10 years. The company's NAV has declined steadily, underperforming peers even in a high interest rate environment, leading to poor long-term performance.
- 09/11/2024
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Fidus Investment: 12% Yield, Solid Coverage, Low NAV Premium
- Fidus Investment easily covered its base dividend with adjusted net investment income in Q2, ensuring sustainability even amid recession fears. The BDC focuses on First Lien debt, offering a compelling investment for passive income investors with a high-quality portfolio and competitive dividend yield. Fidus Investment's low payout ratio and excess portfolio income enable substantial supplemental dividends, enhancing the effective yield to approximately 11.8%.
- 09/09/2024
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2 BDCs With Unjustified Discount Of 10% Or Greater
- In the current environment, it is indeed difficult for BDCs to achieve premium over NAV. However, as the earnings and dividends continue to remain strong in the sector, I see no reason for significant discounts to NAV. In this article, I have identified two BDCs, which trade at a steep discount to their net asset values despite robust fundamentals. It clearly provides an opportunity for investors.
- 09/03/2024
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Bain Capital Specialty Finance: The Discount To NAV Is Still Unjustified After Q2 Report
- After Q2 2024 Bain Capital Specialty Finance (BCSF) remains a strong buy due to robust fundamentals and an unjustified ~7% discount to NAV. Q2 2024 earnings show solid base dividend coverage at 121% and a healthy portfolio with non-accruals at just 1.0%. Despite a drop in net investment activity, gross origination increased 55% YoY, signaling strong future transaction activity.
- 09/02/2024
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Tetragon Financial Group Limited July 2024 Monthly Factsheet
- LONDON , Aug. 30, 2024 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for July 2024. Net Asset Value: $ 2,845m Fully Diluted NAV Per Share: $32.17 Share Price (TFG NA): $10.05 Monthly NAV per share total return: 2.5% Monthly Return on Equity: 1.6% Most recent quarterly dividend: $0.11 Dividend yield: 4.3% Please refer to important disclosures on page three of the Monthly Factsheet.
- 08/30/2024
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NBPE Announces July Monthly NAV Estimate
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS
- 08/29/2024
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Blue Owl Capital: A 12% Yield Priced Below NAV (Rating Upgrade)
- Blue Owl Capital's shares have revalued lower since June due to economic concerns. Blue Owl Capital had strong dividend coverage in Q2'24 and saw an improvement in asset quality. The BDC is merging with Blue Owl Capital Corporation III to improve its scale, diversification, and cost structure.
- 08/25/2024
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Trinity Capital: 14.3% Dividend Yield And Rising NAV (Rating Downgrade)
- Trinity Capital reported a NAV of $14.24 per share for its fiscal 2024 second quarter, a 24 cents per share increase from the first quarter. TRIN's management has maintained NAV gains while growing investment income, beating consensus estimates by $1.77 million during the second quarter. TRIN's dividend yield is 14.3%, with NII covering the dividend by 104%.
- 08/21/2024
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180 Degree Capital Corp. Reports Net Asset Value Per Share (“NAV”) of $4.50 as of June 30, 2024
- MONTCLAIR, N.J., Aug. 19, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital” and the “Company”), today reported its financial results as of June 30, 2024, and noted additional developments from the third quarter of 2024. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results .
- 08/19/2024
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Firsthand Technology Value Fund Announces Second Quarter Financial Results, NAV of $0.15 Per Share
- SAN JOSE, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (OTCQB: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the quarter ended June 30, 2024.
- 08/14/2024
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Belpointe PREP: Significant Discount To NAV Should Gradually Narrow Ahead
- Belpointe PREP trades at a significant discount to its intrinsic value due to a lack of cash flow generation. The company aims to develop and buy commercial real estate in qualified opportunity zones, offering favorable tax treatment to investors. OZ's current investments consist mainly of undeveloped land and properties under construction, with plans to increase debt leverage for future investments.
- 08/14/2024
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Tetragon Financial Group Limited June 2024 Monthly Factsheet
- LONDON , July 31, 2024 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for June 2024. Net Asset Value: $2,822m Fully Diluted NAV Per Share: $31.50 Share Price (TFG NA): $10.30 Monthly NAV per share total return: 0.0% Monthly Return on Equity: 0.2% Most recent quarterly dividend: $0.11 Dividend yield: 4.3% Please refer to important disclosures on page three of the Monthly Factsheet.
- 07/31/2024
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QDTE: A New Fund That Writes Daily Options And Pays Weekly
- Roundhill N-100 0DTE Covered Call Strategy ETF is a new fund writing daily covered calls on the Nasdaq index and makes weekly distributions. The fund's current distribution rate is about 40% annualized, but a big part of it will come from ROC (return of capital). QDTE holds up its NAV better than its main competitor QQQY, but it will still see some NAV decay over time, especially when the market is choppy.
- 07/25/2024
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NBPE Announces June Monthly NAV Estimate & 2H 2024 Dividend Payment
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS
- 07/17/2024
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Hercules Capital: 2 Possible Outcomes (Rating Downgrade)
- Hercules Capital (HTGC) operates as a business development company that maintains a focus on life science and tech based companies. HTGC's high dividend yield of 7.5% and consistent dividend growth make it attractive for income investors. HTGC trades at a premium to NAV of over 82%, which is significantly above the 45% premium to NAV average.
- 07/08/2024
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Tetragon Financial Group Limited May 2024 Monthly Factsheet
- LONDON , June 28, 2024 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for May 2024. - Net Asset Value: $ 2,817m - Fully Diluted NAV Per Share: $31.49 - Share Price (TFG NA): $10.20 - Monthly NAV per share total return: 0.7%- Monthly Return on Equity: 1.2%- Most recent quarterly dividend: $0.11 - Dividend yield: 4.3% Please refer to important disclosures on page three of the Monthly Factsheet.
- 06/28/2024
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Hercules Capital: A Solid Dividend Stock But Valuation Concerns Are Valid
- Hercules Capital is a high-quality BDC with strong NAV growth, but trades at a premium of over 70% to NAV. Portfolio risk ratings for HTGC are improving, with a decrease in weighted average risk grade for the second consecutive quarter. HTGC's dividend is well-covered by NII, but a recent decline in NII raises concerns about the sustainability of the premium valuation.
- 06/25/2024
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OCCI: 17% Yield And Your Chance To Switch To Preferreds
- OCCI remains one of the worst performing funds in its category, lagging behind competitors in total return NAV. Recent performance improvements due to discount to NAV evaporating. The preferreds offer a better opportunity and a safer yield.
- 06/24/2024
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NBPE Announces May Monthly NAV Estimate
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS NBPE Announces May Monthly NAV Estimate 20 June 2024 NB Private Equity Partners (NBPE), the $1.3bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 31 May 2024 monthly NAV estimate. NAV Highlights (31 May 2024) NAV per share was $27.50 (£21.60), an increase of 0.6% in the month Performance driven by increase in private valuations which were up 2.1% relative to Q4 2023 and positive foreign exchange adjustments, offset by quoted holdings $28 million invested in FDH Aero in May; total of $75 million invested year to date in new and follow-on investments $380 million of available liquidity at 31 May 2024 93% of the portfolio valued based on Q1 2024 private valuations or quoted holdings as of 31 May 2024 As of 31 May 2024 YTD 1 Year 3 years 5 years 10 years NAV TR (USD)* Annualised (0.4%) 1.0% 22.3% 6.9% 74.5% 11.8% 184.5% 11.0% MSCI World TR (USD)* Annualised 9.8% 25.5% 23.0% 7.1% 86.8% 13.3% 152.6% 9.7% Share price TR (GBP)* Annualised (1.8%) 8.3% 36.0% 10.8% 83.0% 12.8% 285.7% 14.5% FTSE All-Share TR (GBP)* Annualised 8.7% 15.4% 25.5% 7.9% 37.3% 6.5% 77.6% 5.9% *Reflects cumulative returns over the time periods shown and are not annualised.
- 06/20/2024
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Ares Capital's NAV, Valuation, And Dividend Versus 14 BDC Peers - Part 2 (Includes Dividend Projection + BXSL Coverage)
- Part 2 of this article compares ARCC's recent dividend per share rates, yield percentages, and several other highly detailed (and useful) dividend sustainability metrics to 14 other BDC peers. This includes a comparative analysis of ARCC's cumulative undistributed taxable income ratio, percentage of floating-rate debt investments, recent weighted average annualized yield, and weighted average interest rate on outstanding borrowings. ARCC's dividend sustainability remains one of the highest in the sector. When comparing/analyzing all metrics (including additional metrics not mentioned), ARCC is currently deemed to be appropriately valued (HOLD).
- 06/18/2024
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Dynex: Issuing Equity Below NAV Can Be A Good Thing
- The Agency MBS sector has had poor performance in the past decade, leading to low prices and high yields. At 20-year lows, agency MBS is a very attractive investment option today. Dynex Capital, Inc. is a mortgage REIT focusing on agency MBS, with a smaller, more agile portfolio than its counterparts.
- 06/13/2024
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Tetragon Financial Group Limited April 2024 Monthly Factsheet
- LONDON , May 31, 2024 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for April 2024. - Net Asset Value: $ 2,780m - Fully Diluted NAV Per Share: $31.28 - Share Price (TFG NA): $9.86 - Monthly NAV per share total return: 1.1%- Monthly Return on Equity: -0.6%- Most recent quarterly dividend: $0.11 - Dividend yield: 4.5% Please refer to important disclosures on page three of the Monthly Factsheet.
- 05/31/2024
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Ares Capital's NAV, Valuation, And Dividend Vs. 13 BDC Peers - Part 1 (Includes Recommendations As Of 5/27/2024)
- Part 1 of this article compares ARCC's recent quarterly change in NAV, quarterly and trailing 12-month economic return, NII, and current valuation to 13 BDC peers. Part 1 also performs a comparative analysis between each company's investment portfolio as of 12/31/2023 and 3/31/2024. This includes an updated percentage of investments on non-accrual status. I also provide a list of the other BDC stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), and appropriately valued (a hold recommendation).
- 05/30/2024
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NBPE Announces April Monthly NAV Estimate
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS NBPE Announces April Monthly NAV Estimate 29 May 2024 NB Private Equity Partners (NBPE), the $1.3bn, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 April 2024 monthly NAV estimate. NAV Highlights (30 April 2024) NAV per share was $27.33 (£21.83), an increase of 0.1% in the month Performance driven by increase in private valuations which were up 1.5%, offset by quoted holdings and negative foreign exchange adjustments $45 million invested through 30 April 2024 in new investments and follow-ons $358 million of available liquidity at 30 April 2024 66% of the portfolio valued based on Q1 2024 private valuations or quoted holdings as of 30 April 2024 As of 30 April 2024 YTD 1 Year 3 years 5 years 10 years NAV TR (USD)* Annualised (1.0%) 0.0% 21.5% 6.7% 72.1% 11.5% 189.9% 11.2% MSCI World TR (USD)* Annualised 5.0% 19.0% 19.6% 6.1% 68.5% 11.0% 146.6% 9.4% Share price TR (GBP)* Annualised (0.1%) 9.6% 33.9% 10.2% 84.5% 13.0% 297.2% 14.8% FTSE All-Share TR (GBP)* Annualised 6.1% 7.5% 23.9% 7.8% 30.1% 5.0% 75.8% 5.0% *Reflects cumulative returns over the time periods shown and are not annualised.
- 05/29/2024
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Adams Diversified Equity Fund Announces Initiatives to Enhance Shareholder Value
- 8% Annual Rate Managed Distribution Policy and a Tender Offer for 10% of Outstanding Shares at 98% of NAV 8% Annual Rate Managed Distribution Policy and a Tender Offer for 10% of Outstanding Shares at 98% of NAV
- 05/24/2024
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WhiteHorse Finance: Well-Covered Dividend But Lacks NAV Growth
- WhiteHorse Finance is a business development company that focuses on making investments in lower middle market companies. The company's portfolio is highly diverse and primarily consists of first lien senior secured debt, mitigating repayment risk. While WhiteHorse Finance offers a high dividend yield over 11% but the lack of growth in net asset value raises concerns about its overall performance.
- 05/21/2024
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The India Fund, Inc. Announces Distribution Payment Details
- PHILADELPHIA, PA / ACCESSWIRE / May 20, 2024 / The India Fund, Inc. (NYSE:IFN), announced today that it will pay $0.45 on a per share basis on July 5, 2024 to all shareholders of record as of May 30, 2024 (ex-dividend date May 30, 2024). For The India Fund, Inc. ("IFN"), this stock distribution will automatically be paid in newly issued shares of the Fund unless otherwise instructed by the shareholder.TickerExchangeFundAmountIFNNYSEThe India Fund, Inc.$ 0.45At the end of each calendar year, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of the Fund's distributions and provide information with respect to their appropriate tax treatment for the prior calendar year. You should not draw any conclusions about the Fund's investment performance from the amount of the distributions.For The India Fund, Inc. ("IFN"), this stock distribution will automatically be paid in newly issued shares of the Fund unless otherwise instructed by the shareholder. Shares of common stock will be issued at the lower of the net asset value ("NAV") per share or the market price per share with a floor for the NAV of not less than 95% of the market price. The valuation date for this stock distribution is June 21, 2024. Fractional shares will generally be settled in cash, except for registered shareholders with book entry accounts at Computershare Investor Services who will have whole and fractional shares added to their account.Shareholders may request to be paid their quarterly distributions in cash instead of shares of common stock by providing advance notice to the bank, brokerage or nominee who holds their shares if the shares are in "street name," or by filling out in advance an election card received from Computershare Investor Services if the shares are in registered form. To receive the quarterly distribution payable in July 2024 in cash instead of shares of common stock, the bank, brokerage or nominee who holds the shares must advise the Depository Trust Company as to the full and fractional shares for which they want the distribution paid in cash by June 20, 2024, and written notification for the election of cash by registered shareholders must be received by Computershare Investor Services prior to June 20, 2024.The Fund has adopted a distribution policy to provide investors with a stable distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital in reliance on an exemptive order granted by the Securities and Exchange Commission.Under applicable U.S. tax rules, the amount and character of distributable income for the Fund's fiscal year can be finally determined only as of the end of the Fund's fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act") and related rules, the Fund may be required to indicate to shareholders the estimated source of certain distributions to shareholders.The following tables set forth the estimated amounts of the sources of the distributions for purposes of Section 19 of the 1940 Act and the rules adopted thereunder. The tables have been computed based on generally accepted accounting principles. The tables include estimated amounts and percentages for the current distributions to be paid as well as for the cumulative distributions paid relating to fiscal year to date, from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital. The estimated compositions of the distributions may vary because the estimated composition may be impacted by future income, expenses and realized gains and losses on securities and currencies.The Fund's estimated sources of the current distributions to be paid and for its current fiscal year to date are as follows:Estimated Amounts of Current Distribution per ShareFundDistribution AmountNet Investment IncomeNet Realized Short-Term Gains*Net Realized Long-Term GainsReturn of CapitalIFN$0.4500----$0.4500100%--Estimated Amounts of Fiscal Year to Date Cumulative Distributions per ShareFundFiscal Year** to Date Distribution AmountNet Investment IncomeNet Realized Short-Term Gains*Net Realized Long-Term GainsReturn of CapitalIFN$0.8800----$0.8800100%--* includes currency gains**IFN has a 12/31 fiscal year end.The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The final determination of the source of all distributions for the current year will only be made after year-end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. After the end of each calendar year, a Form 1099-DIV will be sent to shareholders for the prior calendar year that will tell you how to report these distributions for federal income tax purposes.The following table provides the Fund's total return performance based on net asset value (NAV) over various time periods compared to the Fund's annualized and cumulative distribution rates.Fund Performance and Distribution Rate InformationFundAverage Annual Total Return on NAV for the 5 Year Period Ending 04/30/2024¹Current Fiscal Period's Annualized Distribution Rate on NAV²Cumulative Total Return on NAV¹Cumulative Distribution Rate on NAV²IFN9.08%9.01%9.31%2.25%1 Return data is net of all fund expenses and fees and assumes the reinvestment of all distributions reinvested at prices obtained under the Fund's dividend reinvestment plan.2 Based on the Fund's NAV as of April 30, 2024.Shareholders should not draw any conclusions about a Fund's investment performance from the amount of the Fund's current distributions or from the terms of the distribution policy (the "Distribution Policy").While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Funds may distribute any long-term capital gains more frequently than the limits provided in Section 19(b) under the 1940 Act and Rule 19b-1 thereunder. Therefore, distributions paid by the Funds during the year may include net income, short-term capital gains, long-term capital gains and/or a return of capital. Net income dividends and short-term capital gain dividends, while generally taxable at ordinary income rates, may be eligible, to the extent of qualified dividend income earned by the Funds, to be taxed at a lower rate not to exceed the maximum rate applicable to your long-term capital gains. Distributions made in any calendar year in excess of investment company taxable income and net capital gain are treated as taxable ordinary dividends to the extent of undistributed earnings and profits, and then as a return of capital that reduces the adjusted basis in the shares held. To the extent return of capital distributions exceed the adjusted basis in the shares held, capital gain is recognized with a holding period based on the period the shares have been held at the date such amount is received.The payment of distributions in accordance with the Distribution Policy may result in a decrease in the Fund's net assets. A decrease in the Fund's net assets may cause an increase in the Fund's annual operating expense ratio and a decrease in the Fund's market price per share to the extent the market price correlates closely to the Fund's net asset value per share. The Distribution Policy may also negatively affect the Fund's investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the distribution. Each Fund's Board has the right to amend, suspend or terminate the Distribution Policy at any time. The amendment, suspension or termination of the Distribution Policy may affect the Fund's market price per share. Investors should consult their tax advisor regarding federal, state, and local tax considerations that may be applicable in their particular circumstances.Circular 230 disclosure: To ensure compliance with requirements imposed by the U.S. Treasury, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, abrdn Asia Limited, abrdn Private Equity (Europe) Limited, and abrdn ETFs Advisors LLC.Closed-end funds are traded on the secondary market through one of the stock exchanges. A Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a Fund will achieve its investment objective. Past performance does not guarantee future results.www.abrdnifn.com###For More Information Contact:abrdn U.S. Closed-End FundsInvestor Relations1-800-522-5465Investor.Relations@abrdn.comSOURCE: The India Fund, Inc.
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Xtrackers II Investment company with variable capital (Société d'investissement à capital variable) Registered office: 49, avenue J.F. Kennedy, L-1855 Luxembourg R.C.S. Luxembourg B-124.284 (the “Company”) NOTICE TO SHAREHOLDERS OF THE SUB-FUNDS LISTED ON THE LONDON STOCK EXCHANGE Luxembourg, 17 May 2024 The board of directors of the Company (the “Board of Directors”) hereby informs all shareholders of the sub-funds listed in the table below (each a “Sub-Fund”, and together the “Sub-Funds”) (the “Shareholders”) of the applicable net asset value (the “NAV”) in respect of each Sub-Fund for the below stated Transaction Day: Sub-Fund ISIN Outstanding Shares Currency Transaction Day NAV LEI Xtrackers II Australia Government Bond UCITS ETF 1C LU0494592974 183,319 AUD 17-May-2024 230.7955 5493001DKO4J3VIC6S40 Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D LU0942970103 5,700,234 USD 17-May-2024 38.3426 549300BLVKFY3X3CSM08 Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D - GBP Hedged LU0942970368 44,844 GBP 17-May-2024 68.0544 549300BLVKFY3X3CSM08 Xtrackers II ESG Global Government Bond UCITS ETF 1D LU2385068163 779,294 EUR 17-May-2024 5.7624 254900DOBENWQS9YME93 Xtrackers II ESG Global Government Bond UCITS ETF 2D - GBP Hedged LU2385068247 1,885,709 GBP 17-May-2024 5.9771 254900DOBENWQS9YME93 Xtrackers II ESG Global Government Bond UCITS ETF 3D - USD Hedged LU2385068320 16,185 USD 17-May-2024 6.0977 254900DOBENWQS9YME93 Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C LU2178481649 20,628,801 EUR 17-May-2024 44.3857 254900K0IMZDD09CXS95 Xtrackers II EUR Corporate Bond UCITS ETF 1C LU0478205379 22,496,440 EUR 17-May-2024 150.7675 54930094D590OBMERQ34 Xtrackers II EUR High Yield Corporate Bond UCITS ETF 1D LU1109942653 49,126,868 EUR 17-May-2024 15.7047 549300UV4W8IWCFNG644 Xtrackers II Eurozone Government Bond 3-5 UCITS ETF 2C - USD Hedged LU2606231335 85,476 USD 17-May-2024 8.984 549300OQYN5IOPKCRY91 Xtrackers II Eurozone Government Bond 3-5 UCITS ETF 2D - GBP Hedged LU2606231418 83,928 GBP 17-May-2024 8.4961 549300OQYN5IOPKCRY91 Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 1D - GBP Hedged LU2523865728 2,333,197 GBP 17-May-2024 7.4516 549300F7QBB60JWTG258 Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 2C - USD Hedged LU2523865991 47,955,165 USD 17-May-2024 8.5611 549300F7QBB60JWTG258 Xtrackers II Eurozone Government Bond UCITS ETF 1C LU0290355717 9,535,751 EUR 17-May-2024 213.8955 549300DIHICM3ZLXEP07 Xtrackers II Eurozone Government Bond UCITS ETF 2C - USD Hedged LU2009147591 185,610 USD 17-May-2024 65.4807 549300DIHICM3ZLXEP07 Xtrackers II Eurozone Government Bond UCITS ETF 2D - GBP Hedged LU2523866023 1,969,730 GBP 17-May-2024 6.2969 549300DIHICM3ZLXEP07 Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D LU0321464652 388,764 GBP 17-May-2024 182.4977 5493000G2YZNJXGFTK15 Xtrackers II Germany Government Bond UCITS ETF 2C - USD Hedged LU2523866379 74,744,579 USD 17-May-2024 6.6423 54930056QLP5RFGFUI42 Xtrackers II Germany Government Bond UCITS ETF 2D - GBP Hedged LU2523866296 4,501,790 GBP 17-May-2024 5.7722 54930056QLP5RFGFUI42 Xtrackers II Global Government Bond UCITS ETF 2D - GBP Hedged LU0641006290 19,601,122 GBP 17-May-2024 23.6061 54930083J4P4SVHW2956 Xtrackers II Global Government Bond UCITS ETF 3C - USD Hedged LU0641006456 28,896,839 USD 17-May-2024 12.5026 54930083J4P4SVHW2956 Xtrackers II Global Government Bond UCITS ETF 5C LU0908508731 1,571,881 EUR 17-May-2024 218.3546 54930083J4P4SVHW2956 Xtrackers II Global Inflation-Linked Bond UCITS ETF 2C - USD Hedged LU0641007009 1,917,509 USD 17-May-2024 26.2958 5493000VBQKIS28QQO19 Xtrackers II Global Inflation-Linked Bond UCITS ETF 3D - GBP Hedged LU0641007264 6,894,402 GBP 17-May-2024 24.0632 5493000VBQKIS28QQO19 Xtrackers II Global Inflation-Linked Bond UCITS ETF 5C LU0908508814 5,275,940 EUR 17-May-2024 22.1751 5493000VBQKIS28QQO19 Xtrackers II Harvest China Government Bond UCITS ETF 1D LU1094612022 1,419,509 USD 17-May-2024 21.0999 549300O5E1KYDMQOYN87 Xtrackers II J.P. Morgan EM Local Government Bond UCITS ETF 1D LU2158769930 1,126,207 USD 17-May-2024 29.708 254900V9MWGU4TXN0F29 Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C LU2504532131 122,404 USD 17-May-2024 34.7702 254900QFTYR7SF059Y31 Xtrackers II US Treasuries 1-3 UCITS ETF 1C LU1920015523 6,703,428 USD 17-May-2024 7.4419 549300X8S61TTEI4MP41 Xtrackers II US Treasuries 1-3 UCITS ETF 1D LU0429458895 1,051,150 USD 17-May-2024 162.2573 549300X8S61TTEI4MP41 Xtrackers II US Treasuries 10+ UCITS ETF 1D LU2662649412 251,150 USD 17-May-2024 31.5973 254900CRCT4EQGZK8A41 Xtrackers II US Treasuries 3-7 UCITS ETF 1D LU2662649503 57,018 USD 17-May-2024 32.2576 254900WUI14KJ38MWO87 Xtrackers II US Treasuries 7-10 UCITS ETF 1D LU2662649685 53,964 USD 17-May-2024 30.3663 254900JX1P17W349NH29 Xtrackers II US Treasuries UCITS ETF 1C LU1920015796 11,791,595 USD 17-May-2024 7.6016 549300OLEJ05STG43H27 Xtrackers II US Treasuries UCITS ETF 1D LU0429459356 6,412,547 USD 17-May-2024 190.3413 549300OLEJ05STG43H27 Xtrackers II US Treasuries UCITS ETF 2C - GBP Hedged LU2610432036 47,525 GBP 17-May-2024 8.6643 549300OLEJ05STG43H27 Xtrackers II USD Emerging Markets Bond UCITS ETF 2C LU1920015440 914,054 USD 17-May-2024 36.9405 5493007BM4QL0QT8JC81 Xtrackers II USD Emerging Markets Bond UCITS ETF 2D LU0677077884 12,560,248 USD 17-May-2024 11.218 5493007BM4QL0QT8JC81 Xtrackers II USD Overnight Rate Swap UCITS ETF 1C LU0321465469 1,715,688 USD 17-May-2024 195.2178 5493002LZKER9YOPK680 This notice is for information purposes only. Shareholders are not required to take any action. Capitalised terms used in this letter shall have the meaning ascribed to them in the current prospectus of the Company (the “Prospectus”) unless the context otherwise requires. Further information in relation to this notice may be obtained from the Company on its registered address, the offices of foreign representatives or by sending an email Xtrackers@db.com Xtrackers II The board of directors
- 05/20/2024
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Abrdn European proposes wind-down after strategic review
- (Alliance News) - abrdn European Logistics Income PLC on Monday said it will propose an orderly wind-down, which its chair called "the optimal route to maximise shareholder value". The London-based investment trust, which backs European warehouse properties, commenced its strategic review and formal sales process in late November."The board launched the strategic review recognising that the company faces a number of challenges, at both a macro and company specific level," abdrn European noted.It reiterated that these challenges include its GBP234 million market capitalisation, which it believes is "liable to deter some potential investors due to lower share liquidity"; a "materially uncovered" target annual dividend of 5.64 euro cents per share; and its stock "trading at a significant and persistent discount to the net asset value per share".abrdn European's NAV at December 31 was 93.4 cents per share, down 21% from 118.9 cents one year prior.On Monday afternoon in London, the stock was trading 1.6% higher at 61.80 pence per share.abrdn European said that after a detailed review of its available options, it has decided to propose a managed wind-down of the company. The indicative potential value from the wind-down, the trust explained, "is materially in excess of the net value achievable from the indicative cash offers received, all of which were subject to a number of preconditions and all of which represented material discounts to the company's current net asset value".Other factors influencing the board's decision, abrdn European added, include the fact that "a significant majority of interested parties" have indicated their "strong preference" to buying individual assets, or assets in certain geographies, rather than acquiring the whole portfolio. abrdn European added that if shareholders approve the wind-down, it intends to continue paying dividends, although these decrease as the portfolio shrinks and as it returns capital to shareholders. "The board undertook the strategic review to enable it to comprehensively evaluate all options for shareholders, with strong interest shown in the company," commented Chair Tony Roper. "Despite retaining a high conviction in the logistics asset class and investment strategy, given the challenges facing both the company and the broader investment trust sector, the board has concluded that a managed wind-down in a timely manner is the optimal route to maximise shareholder value in the short to medium term."By Emma Curzon, Alliance News reporterComments and questions to newsroom@alliancenews.comCopyright 2024 Alliance News Ltd. All Rights Reserved.
- 05/20/2024
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Abrdn European proposes wind-down after strategic review
- (Alliance News) - abrdn European Logistics Income PLC on Monday said it will propose an orderly wind-down, which its chair called "the optimal route to maximise shareholder value". The London-based investment trust, which backs European warehouse properties, commenced its strategic review and formal sales process in late November."The board launched the strategic review recognising that the company faces a number of challenges, at both a macro and company specific level," abdrn European noted.It reiterated that these challenges include its GBP234 million market capitalisation, which it believes is "liable to deter some potential investors due to lower share liquidity"; a "materially uncovered" target annual dividend of 5.64 euro cents per share; and its stock "trading at a significant and persistent discount to the net asset value per share".abrdn European's NAV at December 31 was 93.4 cents per share, down 21% from 118.9 cents one year prior.On Monday afternoon in London, the stock was trading 1.6% higher at 61.80 pence per share.abrdn European said that after a detailed review of its available options, it has decided to propose a managed wind-down of the company. The indicative potential value from the wind-down, the trust explained, "is materially in excess of the net value achievable from the indicative cash offers received, all of which were subject to a number of preconditions and all of which represented material discounts to the company's current net asset value".Other factors influencing the board's decision, abrdn European added, include the fact that "a significant majority of interested parties" have indicated their "strong preference" to buying individual assets, or assets in certain geographies, rather than acquiring the whole portfolio. abrdn European added that if shareholders approve the wind-down, it intends to continue paying dividends, although these decrease as the portfolio shrinks and as it returns capital to shareholders. "The board undertook the strategic review to enable it to comprehensively evaluate all options for shareholders, with strong interest shown in the company," commented Chair Tony Roper. "Despite retaining a high conviction in the logistics asset class and investment strategy, given the challenges facing both the company and the broader investment trust sector, the board has concluded that a managed wind-down in a timely manner is the optimal route to maximise shareholder value in the short to medium term."By Emma Curzon, Alliance News reporterComments and questions to newsroom@alliancenews.comCopyright 2024 Alliance News Ltd. All Rights Reserved.
- 05/20/2024
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Horizon Technology Finance: 11.4% Yield Is Safe But Proceed With Caution
- Horizon Technology Finance's recent earnings show declining financials and a deteriorating risk profile, warranting caution for investors in search of higher yields. The BDC's double-digit yield is currently covered by net investment income, but declining NAV and unrealized losses are concerns. The stock trades at a 20% premium to its NAV, making it less attractive compared to other high-yielding BDCs that I consider higher quality.
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust United Kingdom AlphaDEX UCITS ETF 17.05.2024 FKU IE00B8X9NZ57 214,170.00 GBP 6,633,310.63 30.972
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust Eurozone AlphaDEX UCITS ETF 17.05.2024 FEUD IE00BF2FL590 426,732.00 EUR 17,155,950.55 40.203
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust Eurozone AlphaDEX UCITS ETF 17.05.2024 FEUZ IE00B8X9NY41 1,671,193.00 EUR 70,614,113.88 42.254
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust Capital Strength UCITS ETF 17.05.2024 FTCS. IE00BL0L0D23 575,002.00 USD 16,651,882.88 28.960
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust Value Line Dividend Index UCITS ETF 17.05.2024 FVD. IE00BKVKW020 800,002.00 USD 19,940,075.18 24.925
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust Global Capital Strength ESG Leaders UCITS ETF 17.05.2024 FCSG IE00BKPSPT20 825,002.00 USD 30,694,060.09 37.205
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust FactorFX UCITS ETF 17.05.2024 FXGB LN IE00BD5HBR05 87,992.00 GBP 1,574,780.76 22.726
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust FactorFX UCITS ETF 17.05.2024 FTFX IE00BD5HBQ97 38,402.00 USD 904,485.63 23.553
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust IPOX Europe Equity Opportunities UCITS ETF 17.05.2024 IPXE.IM IE00BFD26097 100,002.00 EUR 1,967,214.17 19.672
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust Cloud Computing UCITS ETF 17.05.2024 CPQ IE00BFD2H405 9,075,002.00 USD 367,564,383.29 40.503
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust Dow Jones Internet UCITS ETF 17.05.2024 FDNU IE00BG0SSC32 1,575,002.00 USD 44,849,486.11 28.476
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust Nasdaq Cybersecurity UCITS ETF 17.05.2024 NQCYBREN IE00BF16M727 20,189,898.00 USD 721,365,217.71 35.729
- 05/20/2024
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Net Asset Value(s)
- LONDON--(BUSINESS WIRE)-- Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust NYSE Arca Biotechnology UCITS ETF 17.05.2024 FBTU.LN IE00BL0L0H60 275,002.00 USD 5,121,694.10 18.624
- 05/20/2024
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I'm Buying 9% Yields Trading Close To NAV In This Pricey Market
- The overall market is performing well in May, but caution is advised for stocks with high valuations. Golub Capital and Starwood Property Trust are two picks that are trading close to their net asset values and offer high dividends. Both companies have strong portfolio performance, solid balance sheets, and potential for stable cash flow.
- 05/16/2024
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Alaris Equity: 8% Royalty Yield And Modest Upside To NAV
- Alaris Equity Partners Income Trust had a solid Q1-2024 with increasing revenues from its partners. The coverage of some partners, such as Heritage, has fallen, leading to a decrease in fair value for Alaris' investments. We examine the setup and show you one area where Alaris has even outperformed the venerable Main Street Capital.
- 05/16/2024
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10 REITs At Mega Discounts To NAV
- These REITs have a price-to-NAV range of 0.27x to 0.59x. There may be upside of more than 200% to the NAV estimate, which will probably decline over time. The estimates may be terrible. That's not my fault. You'll probably have a better time reading this, than reading my competitor's articles.
- 05/15/2024
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Private REITs 101 Revisited: Do You Invest In BREIT Or A Diverse Public REIT Portfolio?
- Blackstone's NAV REIT, BREIT, raised $66 billion from 2017 to 2022, surpassing all publicly-listed REITs in equity raised in 2022 alone. BREIT's ability to redeem shares at reported NAV distinguishes it from other non-traded REITs. Despite its strong performance, BREIT faces challenges such as high front-end loads, front-end dividends, and high management fees.
- 05/03/2024
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NBPE Announces Audited 2023 Results and 31 March 2024 Est. NAV
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS NBPE Announces Audited 2023 Results and 31 March 2024 Est. NAV 24 April 2024 NB Private Equity Partners (NBPE), the $1.3bn FTSE 250 listed private equity investment company managed by Neuberger Berman, today releases its 2023 Annual Financial Report and 31 March 2024 Monthly NAV Update.
- 04/24/2024
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NBPE Announces February Monthly NAV Estimate
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS NBPE Announces February Monthly NAV Estimate 20 March 2024 NB Private Equity Partners (NBPE), the $1.3bn, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 29 February 2024 monthly NAV estimate. NAV Highlights (29 February 2024) NAV per share was $27.68 (£21.88), an increase of 0.7% in the month Performance driven by increase in private valuations and quoted holdings, offset by negative foreign exchange adjustments $13 million new investment in U.S. healthcare business, Zeus 105,848 shares repurchased during the month, accretive to NAV per share by $0.01 First half 2024 dividend of $22 million paid on 29 February 2024 $352 million of available liquidity at 29 February 2024 45% of the portfolio's valuations at 30 September 2023.
- 03/20/2024
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NBPE Announces January Monthly NAV Estimate
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS NBPE Announces January Monthly NAV Estimate 22 February 2024 NB Private Equity Partners (NBPE), the $1.3bn, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 31 January 2024 monthly NAV estimate. NAV Highlights (31 January 2024) After accruing for the declared January dividend, NAV per share was $27.48 (£21.58) On a total return basis, NAV declined by 0.5%, with increases in private valuations more than offset by declines in quoted holdings and negative foreign exchange adjustments $25 million new investment in U.S. healthcare business, Benecon $38 million of proceeds received during January, consisting primarily of previously announced realisations 159,039 shares repurchased during the month, accretive to NAV per share by $0.03 (0.1%) $375 million of available liquidity at 31 January 2024 71% of the portfolio's valuations still as of 30 September 2023.
- 02/22/2024
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The Month In Closed-End Funds: January 2024
- For the first month in three, equity CEFs (-0.59% on a NAV basis) suffered losses while their fixed-income CEF (+0.49%) counterparts on average posted plus-side returns. At month-end, 11% of all CEFs traded at a premium to their NAV, with 12% of equity CEFs and 10% of fixed-income CEFs trading in premium territory. Income & Preferred Stock CEFs (+1.44%), for the first month in four, outpaced the other classifications in the equity CEF universe for January.
- 02/08/2024
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PIMCO Update (Quick) | January 2024 | Watch The NAV Momentum Turn
- Not much has changed fundamentally in taxable PIMCOs, but there has been a shift in valuations and sentiment. The drop in the dollar has put downward pressure on funds with exposure to foreign bonds and currency forwards contracts. Leverage is a key consideration for assessing NAV trends, and some funds have reduced leverage significantly in the past month.
- 01/17/2024
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NBPE Announces December Monthly NAV Estimate
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS NBPE Announces December Monthly NAV Estimate 16 January 2024 NB Private Equity Partners (NBPE), the $1.3bn, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 31 December 2023 monthly NAV estimate. NAV Highlights (31 December 2023) NAV per share of $28.08 (£22.03), an increase of 1.4% during the month driven by the value of quoted holdings and positive foreign exchange movements Private valuations remain as of 30 September 2023 (+5.5% on a constant currency basis for the nine months to 30 September 2023) $171 million of proceeds received in 2023 with a further $39 million expected from announced but not yet closed transactions1 Full or partial sales in 2023 have achieved a 2.2x gross multiple of capital and were at a 12% uplift2 $376 million of available liquidity at 31 December 2023 (excluding cash expected to be received from exits that have been announced but not yet closed) NBPE expects to issue its 2023 annual financial report in April 2024; Q4 2023 valuation information will be incorporated into future monthly NAV estimates as information is received over the coming weeks As of 31 December 2023 2023 3 years 5 years 10 years NAV TR (USD)* Annualised 2.3% 37.0% 11.1% 83.5% 12.9% 207.1% 11.9% MSCI World TR (USD)* Annualised 24.4% 25.2% 7.8% 87.3% 13.4% 140.7% 9.2% Share price TR (GBP)* Annualised 9.4% 63.0% 17.7% 106.8% 15.6% 347.2% 16.2% FTSE All-Share TR (GBP)* Annualised 7.9% 28.1% 8.6% 37.7% 6.6% 68.2% 5.3% *Reflects cumulative returns over the time periods shown and are not annualised.
- 01/16/2024
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The Month In Closed-End Funds: December 2023
- For the second consecutive month, both equity (+3.42% on a NAV basis) and fixed income (+3.14%) CEFs on average posted plus-side returns. At month end, 9% of all CEFs traded at a premium to their NAV, with 9% of equity CEFs and 8% of fixed income CEFs trading in premium territory. Developed Markets CEFs (+6.45%), for the second straight month, outpaced the other classifications in the equity CEF universe for December.
- 01/10/2024
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My 9% Income Portfolio-Living Off Dividends
- Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, assuming they are reinvested, plus the change in the NAV of the fund, be it positive or negative. However, managing our portfolio is not only about applying financial rules, because it is not certain that dividends can and will always be reinvested.
- 01/02/2024
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NBPE Announces November 2023 NAV Estimate
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS NBPE Announces November 2023 NAV Estimate 18 December 2023 NB Private Equity Partners (NBPE), the $1.3bn, FTSE 250, listed private equity investment company managed by Neuberger Berman, today releases its 30 November 2023 monthly NAV estimate. Highlights (30 November 2023) NAV per share of $27.70 (£21.88), an increase of 2.3% during the month Monthly NAV driven by an increase in the value of quoted holdings, positive foreign exchange movements and the receipt of additional Q3 private valuation information Year to date constant currency private valuations are up 5.5% Realisation activity year to date of $118 million of proceeds received and a further $87 million expected from announced but not yet closed transactions1 Full or partial sales year to date have achieved a 2.3x gross multiple of capital and were at a 16% uplift2; $22 million realised from quoted holdings year to date $324 million of available liquidity at 30 November 2023 (excluding cash expected to be received from exits that have been announced but not yet closed) As of 30 November 2023 YTD 1 Year 3 years 5 years 10 years NAV TR (USD)* Annualised 0.9% 2.4% 2.4% 48.9% 14.2% 81.2% 12.6% 205.3% 11.8% MSCI World TR (USD)* Annualised 18.6% 13.6% 13.6% 24.4% 7.6% 65.0% 10.5% 134.4% 8.9% Share price TR (GBP)* Annualised 8.7% 10.1% 10.1% 79.8% 21.6% 86.3% 13.3% 355.1% 16.4% FTSE All-Share TR (GBP)* Annualised 3.3% 1.8% 1.8% 27.3% 8.4% 26.8% 4.9% 63.8% 5.1% *Reflects cumulative returns over the time periods shown and are not annualised.
- 12/18/2023
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The Month In Closed-End Funds: November 2023
- For the first month in four, both equity (+6.05% on a NAV basis) and fixed income (+5.81%) CEFs on average posted handsome plus-side returns. At month end, 9% of all CEFs traded at a premium to their NAV, with 10% of equity CEFs and 8% of fixed income CEFs trading in premium territory. Developed Markets CEFs (+8.93%), for the first month in eight, outpaced the other classifications in the equity CEF universe for November.
- 12/06/2023
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Canadian Apartment Properties: Huge Rent Uplifts Offset NAV Pressures
- We had shifted to a hold on Canadian Apartment Properties Real Estate Investment Trust in our last update. The REIT has moved lower and delivered an excellent Q3 2023. We analyze the valuation and give you our take.
- 11/10/2023
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The Month In Closed-End Funds: October 2023
- For the third straight month, both equity (-2.52% on a NAV basis) and fixed income (-1.62%) CEFs on average suffered downside performance. At month end, 6% of all CEFs traded at a premium to their NAV, with 8% of equity CEFs and only 5% of fixed income CEFs trading in premium territory. Utility CEFs (-0.52%), for the first month in seven, mitigated losses better than the other classifications in the equity CEF universe for October.
- 11/08/2023
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RioCan: Wide Discount To NAV, What Keeps Us Out
- RioCan reported strong same property growth in Q3-2023, driven by occupancy rental growth. The REIT continues to maintain positive leasing velocity. We go over what we like and what we do not in the current setup.
- 11/06/2023
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The Month In Closed-End Funds: September 2023
- For the second straight month, both equity (-3.12% on a NAV basis) and fixed income (-1.94%) CEFs on average suffered downside performance. At month end, 9% of all CEFs traded at a premium to their NAV, with 11% of equity CEFs and 8% of fixed income CEFs trading in premium territory. Energy MLP CEFs (-0.72%), for the second month in a row, mitigated losses better than the other classifications in the equity CEF universe for September.
- 10/08/2023
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NBPE Interim Results and 31 August 2023 NAV Estimate
- THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS 26 September 2023 NB Private Equity Partners (NBPE), the $1.3bn, FTSE 250, listed private equity investment company managed by Neuberger Berman, today releases its 2023 Interim Report and 31 August 2023 Monthly Portfolio Update Interim Results Highlights (30 June 2023) NAV per share of $29.24 (£23.00) 4.8% NAV TR in the six months to 30 June 2023 Strong operating performance driving value and further supported by positive returns in the quoted portfolio Valuations of private companies increased by 3.8% in constant currencies Portfolio company weighted average LTM 30 June 2023 operating performance of 14.9% revenue and 15.4% EBITDA growth1, respectively, inclusive of M&A Private portfolio LTM/EBITDA valuation multiple of 15.4x at 30 June 2023, an increase from 15.2x at 31 December 2022; weighted average net debt of 5.4x, a decrease from 5.5x at 31 December 20222 $291 million of available liquidity at 30 June 2023 Peter Von Lehe, Managing Director and Head of Private Equity Investment Solutions & Strategy at Neuberger Berman commented: “We believe the portfolio is well positioned to navigate the current macro-economic headwinds. The increase in value of our private companies was driven by strong operating performance, even in a challenging economic environment.
- 09/26/2023
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6 Stellar REITs At Big Discounts To NAV
- Many high-quality equity REITs are trading at substantial discounts on price-to-NAV ratios. REITs with good management teams should be able to gain a premium to NAV, but very few are achieving this currently. The amount of new apartment construction poses a risk, but some REITs are trading at unusually cheap price-to-NAV ratios.
- 09/21/2023
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The Month In Closed-End Funds: August 2023
- For the first month in three, both equity (-1.98% on a NAV basis) and fixed-income CEFs (-0.54%) on average suffered losses. At month end, 12% of all CEFs traded at a premium to their NAV, with 13% of equity CEFs and 11% of fixed income CEFs trading in premium territory. Energy MLP CEFs (-0.59%), for the first month in 12, mitigated losses better than the other classifications in the equity CEF universe for August.
- 09/08/2023
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H&R REIT: An Attractive Discount To NAV, But It Needs To Fix Two Things
- H&R REIT's Q2-2023 results show strong growth in same property net operating income and modest growth in funds from operations. The REIT's growth was strong even on a currency neutral basis, despite the impact of currency exchange. We highlight two reasons why we are staying out.
- 08/13/2023
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Vinfast takes the IPO path, TuSimple and Navistar break up and Rad Power Bikes makes its most important product yet
- The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox.
- 12/12/2022
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Navistar recalls more than 31,000 trucks for suspect fasteners
- Navistar Inc. is recalling more than 31,000 trucks and buses across its lineup because improper heat treating on hex flange lock nuts could lead to the fasteners breaking, resulting in unstable steering and the increased possibility of a crash. The truck maker owned by Germany's Traton Group, said it was unaware of any field failures, crashes or injuries related to the condition.
- 12/02/2022
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6 Strong Dividend Stocks to Buy for High Inflation
- These six dividend stocks to buy provide a positive nominal return to investors as their yields are greater than 8.6%, the current CPI rate. The post 6 Strong Dividend Stocks to Buy for High Inflation appeared first on InvestorPlace.
- 06/30/2022
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DHL orders 100 self-driving U.S. trucks from TuSimple and Navistar
- DHL Supply Chain has placed a U.S. order for 100 trucks equipped with TuSimple's self-driving technology and manufactured by Navistar to further expand its understanding of driverless trucks in its supply chain.
- 12/16/2021
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Truck maker Navistar says Omicron variant is likely to slow supply chain recovery
- U.S. truck maker Navistar International Corp, backed by Volkswagen, said on Wednesday the Omicron variant of the coronavirus would likely slow the recovery in the global supply chain.
- 12/01/2021
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A Lesson on Leverage in Municipal Bond Closed-End Funds
- By Roxanna Islam, CFA Summary Interest in municipal closed-end funds (CEFs) vs. municipal bonds often stems from higher return potential—this is mostly due to the use of leverage in municipal closed-end funds.
- 11/02/2021
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Navistar to pay $52 million to resolve Justice Department emissions probe
- Engine manufacturer Navistar International Corp will pay a $52 million civil penalty and has agreed to prevent at least 10,000 tons of oxides of nitrogen (NOx) emissions in a settlement with the U.S. Justice Department over Clean Air Act violations.
- 10/25/2021
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NVDIA Has an Incredible Growth Runway Ahead of It
- Long-term investors can use the recent rout in tech stocks to buy NVDA stock at a discount, as the company has numerous growth avenues. The post NVDIA Has an Incredible Growth Runway Ahead of It appeared first on InvestorPlace.
- 09/29/2021
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'Slip, Slidin Away' - What Happens To Funds That Over-Distribute Their Earnings
- 'Slip, Slidin Away' - What Happens To Funds That Over-Distribute Their Earnings
- 08/31/2021
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My Income Portfolio - NAV Of My Life
- The Net Asset Value (NAV) for a CEF remains, for me, a primary measure of its overall health.
- 07/23/2021
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AEV Summit: Navistar and TuSimple on track for 2024 launch
- This fireside chat recap is from FreightWaves' Autonomous & Electric Vehicles Summit on Wednesday. KEYNOTE CHAT TOPIC: The road to autonomous commercialization DETAILS: Navistar and TuSimple shortened the timeline to autonomous trucking commercialization a year ago when they announced a partnership to put a Level 4 high-autonomy Class 8 truck into production in 2024.
- 07/14/2021
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Volkswagen's (VWAGY) TRATON Completes Merger With Navistar
- Volkswagen's (VWAGY) trucks arm TRATON's merger with Navistar enables the former to secure a strong foothold in the U.S. heavy-truck market and positions it better than European peers.
- 07/02/2021
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Best Stocks to Buy and Sell This Week: Autonomous Driving
- Autonomous driving stocks are among the most speculative plays today. But there's plenty of room to profit from two key players in the space.
- 06/30/2021
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Navistar Receives All Regulatory Approvals Necessary To Proceed With The Closing Of The Merger With TRATON SE
- LISLE, Ill., June 30, 2021 /PRNewswire/ -- Navistar International Corporation ("Navistar") (NYSE: NAV), a leading U.S. truck maker, today announced all regulatory approvals necessary to proceed with the previously announced merger with Dusk Inc. ("Merger Subsidiary"), a wholly owned indirect subsidiary of TRATON SE ("TRATON"), were received.
- 06/30/2021
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Here Is Why Bargain Hunters Would Love Fast-paced Mover Navistar (NAV)
- Navistar (NAV) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 06/28/2021
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Navistar Announces Extension Of The Redemption Date For Its 9.500% Senior Secured Notes
- LISLE, Ill., June 21, 2021 /PRNewswire/ -- Navistar International Corporation ("Navistar") (NYSE: NAV), a leading U.S. truck maker, today announced that it has delivered a notice of extension of the redemption date for its previously announced election to redeem in full (the "Redemption"), subject to the satisfaction of the condition set forth therein, its outstanding $600,000,000 9.500% Senior Secured Notes due 2025 (the "Senior Secured Notes"), upon the terms of, and subject to the condition set forth in, the Notice of Conditional Full Redemption sent to the holders of the Senior Secured Notes on April 26, 2021 (the "Redemption Notice") in accordance with terms of the indenture related to the Senior Secured Notes.
- 06/21/2021
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Navistar Announces Conditional Full Redemption Of 6.625% Senior Notes Due 2025
- LISLE, Ill., June 21, 2021 /PRNewswire/ -- Navistar International Corporation ("Navistar") (NYSE: NAV), a leading U.S. truck maker, today announced that it delivered a Notice of Conditional Full Redemption (the "Conditional Notice") to the holders of its outstanding 6.625% Senior Notes due 2025 (the "Senior Notes").
- 06/21/2021
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Navistar (NAV) Q2 Earnings Top, Sales Lag Mark, Rise Y/Y
- Navistar International (NAV) remains on track to close the pending merger with TRATON by mid-2021.
- 06/09/2021
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Navistar posts big jump in Q2 earnings with help from TuSimple
- Navistar International Corp. (NYSE: NAV) reported a big jump in its Q2 fiscal-year earnings due in part to gains on its investment in autonomous trucking software startup TuSimple Holdings. Navistar and TuSimple (NASDAQ: TSP) are working together to bring a Class 8 high-autonomy truck to market in 2024.
- 06/08/2021
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Navistar International: Q2 Earnings Insights
- Shares of Navistar International (NYSE:NAV) rose 0.1% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 820.00% year over year to $0.72, which were in line with the estimate of $0.72.
- 06/08/2021
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Navistar Reports Second Quarter 2021 Results
- LISLE, Ill., June 8, 2021 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) today announced a second quarter 2021 net income of $163 million, or $1.63 per diluted share, compared to second quarter 2020 net loss of $38 million, or $0.38 per diluted share.
- 06/08/2021
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5 Stocks To Watch For June 8, 2021
- Some of the stocks that may grab investor focus today are: Wall Street expects Thor Industries, Inc. (NYSE: THO) to report quarterly earnings at $2.28 per share on revenue of $3.01 billion before the opening bell. Thor shares gained 1.8% to $119.20 in after-hours trading.
- 06/08/2021
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US truck and military vehicle manufacturer Navistar just disclosed it was targeted by a cyberattack
- US truck and military vehicle manufacturer Navistar International Corp said on Monday that the company was targeted by a cyberattack. In an 8-K US Securities and Exchange Commission filing published on Monday, Navistar said it became aware of a data breach last month, saying data had been extracted from its IT system. It's unclear exactly what data was breached
- 06/07/2021
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U.S. truck maker Navistar says aware of IT breach
- U.S. truck maker Navistar International Corp said on Monday it was aware that certain data had been extracted from its IT system.
- 06/07/2021
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Navistar To Announce Fiscal 2021 Second Quarter Financial Results Tuesday, June 8, 2021
- LISLE, Ill., June 2, 2021 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) today announced it will report its fiscal 2021 second quarter financial results on Tuesday, June 8, 2021.
- 06/02/2021
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Navistar pays $50M to settle military vehicle pricing fraud allegations
- Navistar International Corp. (NYSE: NAV) is paying $50 million to settle claims that it overcharged the U.S. Marines for suspension systems on armored military vehicles, clearing another issue ahead of its merger with Volkswagen AG's TRATON Group. The allegations against Navistar Defense LLC, which is 70% owned by Cerberus Capital Management, surfaced when a federal judge unsealed a 6-year-old whistleblower complaint in December 2019.
- 06/01/2021
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Navistar Recognizes Top Suppliers With 2021 Diamond Supplier Awards
- LISLE, Ill., May 27, 2021 /PRNewswire/ -- Today, Navistar announced the names of its suppliers that have been awarded its annual Diamond Supplier Awards.
- 05/27/2021
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International Truck Launches Cummins X15 Over-The-Air Engine Calibrations
- LISLE, Ill., May 20, 2021 /PRNewswire/ -- International Truck, the commercial truck brand of Navistar International Corporation (NYSE: NAV), today announced the upcoming availability of Cummins® Connected Software Updates™ and programmable trim parameters through Navistar's OnCommand® Connection portal, enabled by Navistar's factory installed second-generation telematics device.
- 05/20/2021
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TuSimple and Navistar Receive 6,775 Reservations for Fully Autonomous International LT Series Trucks
- SAN DIEGO, May 10, 2021 /PRNewswire/ -- TuSimple (Nasdaq: TSP), a self-driving technology company based in San Diego, California, announced today it has received 6,775 reservations for a new line of purpose-built SAE Level 4 (L4) International® LT® Series autonomous trucks in partnership with Navistar International Corporation (NYSE: NAV). The self-driving trucks will be equipped with TuSimple's advanced autonomous driving system and manufactured by Navistar beginning in 2024.
- 05/10/2021
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IC Bus Delivers First Electric CE School Buses To Canada
- LISLE, Ill., May 6, 2021 /PRNewswire/ -- IC Bus, the leading school bus manufacturer and school bus brand of Navistar, announced today that it has delivered its first electric CE Series school buses to Canada.
- 05/06/2021
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Navistar conducts second recall and expands campaign for connector rod defect
- Navistar International Corp. (NYSE: NAV) is recalling certain LT and RH Class 8 trucks from the 2018-2020 model years for a second time and adding 2021 models because a connector rod defect could lead to an unintended engine stall. No crashes or injuries have been reported, Navistar told the National Highway Traffic Safety Administration (NHTSA).
- 05/02/2021
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Navistar Announces Conditional Full Redemption Of 9.500% Senior Secured Notes Due 2025
- LISLE, Ill., April 26, 2021 /PRNewswire/ -- Navistar International Corporation ("Navistar") (NYSE: NAV), a leading U.S. truck maker, today announced that it delivered a Notice of Conditional Full Redemption (the "Conditional Notice") to the holders of its outstanding 9.500% Senior Secured Notes due 2025 (the "Notes").
- 04/26/2021
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Buy on the Dip? The Short-Term Case for Silver, ‘PSLV'
- Silver assets like the Sprott Physical Silver Trust (NYSEArca: PSLV) have the makings of a short-term rebound play. PSLV is a closed-end fund that lets investors redeem large blocks of shares in exchange for delivery of silver bullion.
- 04/14/2021
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Navistar (NAV) Up 0.1% Since Last Earnings Report: Can It Continue?
- Navistar (NAV) reported earnings 30 days ago. What's next for the stock?
- 04/08/2021
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TRATON goes (almost) all in on truck electrification
- Volkswagen AG's TRATON Group (8TRA.S.DX), which soon will be the parent of Navistar International Corp. (NYSE: NAV), will spend $1.9 billion on truck electrification by 2025. Some of that money could help Navistar advance early battery electric and hydrogen fuel cell programs.
- 03/22/2021
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Navistar Launches New Aftermarket Parts Product Line
- LISLE, Ill., March 15, 2021 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) is launching a new aftermarket product line, Diamond Advantage™ Diesel Parts, which will provide high-quality aftermarket parts for Class 2-5 diesel engines and engine components.
- 03/15/2021
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Navistar Reports First Quarter 2021 Results
- LISLE, Ill., March 9, 2021 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) today announced a first quarter 2021 net loss of $81 million, or $0.81 per diluted share, compared to first quarter 2020 net loss of $36 million, or $0.36 per diluted share. The loss in the first...
- 03/09/2021
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Navistar Shareholders Cleared the Traton Takeover. Why Volkswagen Investors Are Cheering.
- The deal paves the way for the German trucking giant to speed into the key U.S. market.
- 03/03/2021
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Navistar Offers Free Factory Warranty For Any Used International® LT® And RH™ Series Vehicles Purchased From Any Retail Outlet Through 2021
- LISLE, Ill., March 1, 2021 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) is now offering a free one-year factory-backed warranty for engine and aftertreatment systems on its most popular used on-highway vehicles. This warranty is available on units purchased from any...
- 03/01/2021
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Navistar: Best Price-Positioned Truck And Heavy Vehicles Stock, As Seen By Market-Makers
- Covid-induced home quarantining has made unscheduled transport a high-growth business, including the vehicles required. Other retailing advances also help. Risk-reward trade-offs and net payoffs offered by this group are better than those of many S&P 500 Index stocks and of most other Market-Maker [MM] forecast securities.
- 02/28/2021
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Self-driving truck technology startup TuSimple nears stock offering
- Self-driving truck technology developer TuSimple expects to file a prospectus to sell public stock as soon as next week, according to published reports and people close to the situation. The company, with offices in San Diego and Beijing, has 50 Level 4 autonomous trucks running paid freight in Southwestern states.
- 02/25/2021
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IC Bus and Kajeet Expand Partnership to Provide a Comprehensive Wi-Fi Solution, Empowering Schools to Enable Student Success through Safe and Reliable Internet Connectivity and Transportation
- LISLE, Ill. & MCLEAN, Va.--(BUSINESS WIRE)-- #DigitalDivide--Kajeet and IC Bus announce Kajeet SmartBus™ solution and one year of free service will now come standard on all electric buses from IC Bus
- 02/24/2021
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Navistar Shares Vision Of Opportunity For Service Technicians
- LISLE, Ill., Feb. 9, 2021 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) and its International® dealer network are building momentum through their TECH EmPOWERment initiative, which is supplying accredited technical schools with valuable training equipment, real-world...
- 02/09/2021
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Mario Gabelli's Top Trades of the 4th Quarter
- Mario Gabelli (Trades, Portfolio), founder of GAMCO Investors, has revealed his portfolio for the fourth quarter. Major trades include reductions in his Rollins Inc. (NYSE:ROL), Navistar International Corp. (NYSE:NAV) and Quidel Corp. (NASDAQ:QDEL) holdings alongside selling out of GCI Liberty Inc. (NASDAQ:GLIBA).
- 02/08/2021
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How To Invest In Hydrogen
- How To Invest In Hydrogen
- 01/31/2021
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General Motors (GM), Navistar Team Up for Hydrogen Truck Project
- General Motors' (GM) agreement with Navistar will provide additional scope for the application of hydrogen fuel-cell technology in the trucking market.
- 01/28/2021
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GM Adds Partners On This Electric-Vehicle Technology After Nikola Deal
- GM will supply fuel-cell technology for a semi truck to Navistar, after scaling back a proposed deal with Nikola. The post GM Adds Partners On This Electric-Vehicle Technology After Nikola Deal appeared first on Investor's Business Daily.
- 01/27/2021
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General Motors to Supply Hydrogen Fuel Cells to Navistar for Electric Semi Trucks
- Navistar is preparing to launch a "complete solution" for trucking companies seeking electric semis.
- 01/27/2021
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Navistar to collaborate with GM, others on hydrogen fuel-cell commercial trucks
- Truck maker Navistar International Corp said on Wednesday it will collaborate with U.S. automaker General Motors Co and others to develop a hydrogen fuel-cell powered commercial truck and supporting fueling network.
- 01/27/2021
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GM, Navistar team up on hydrogen truck transportation system
- General Motors Co. announced Wednesday a collaboration with Navistar International Corp. subsidiary OneH2 to launch a hydrogen truck transportation system. The customer implementation of the zero-emission long-haul system will initially be piloted by J.B.
- 01/27/2021
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My Best Wind Energy Stock for 2021
- Forget GE. This small pure-play growth stock is a better way to invest in wind energy.
- 01/22/2021
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Why Is Navistar (NAV) Down 0.5% Since Last Earnings Report?
- Navistar (NAV) reported earnings 30 days ago. What's next for the stock?
- 01/16/2021
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Navistar (NAV) to Shut Illinois Facility, Explore New Products
- Navistar (NAV) to close its Melrose Park facility in Illinois in a bid to use the freed resources for investments in new technologies and products.
- 01/15/2021
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Navistar to Sell Melrose Park, Ill. Campus to Developer
- LISLE, Ill., Jan. 13, 2021 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) plans to sell its Melrose Park, Illinois facility to a developer who has an actionable plan to redevelop the parcel into a state-of-the-art industrial business park. Navistar estimates that half of...
- 01/13/2021
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ACTC Stock: 15 Things to Know About ArcLight and the Proterra SPAC Merger
- ArcLight (ACTC) stock is soaring higher on Tuesday following news that the SPAC plans to take Proterra public via a merger. The post ACTC Stock: 15 Things to Know About ArcLight and the Proterra SPAC Merger appeared first on InvestorPlace.
- 01/12/2021
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When will truck makers feel the sting of semiconductor shortage?
- Truck makers so far are being spared impacts of a semiconductor shortage that forced a Ford Motor Co. plant in Louisville, Kentucky, to close for a week and is affecting other automakers. Semiconductors, microchips and silicon wafers perform control and memory functions in engine control modules, safety systems and telematics.
- 01/11/2021
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Navistar recalls trucks because engine revving can overwhelm parking brake
- Navistar International Corp. (NYSE: NAV) is recalling about 20,000 work trucks in the U.S. and Canada because engine revving during power takeoff (PTO), such as operating a dump truck, can overwhelm the parking brake. It is the truck maker's second recall for the issue in a year.
- 01/11/2021
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How Navistar (NAV) Stock Stands Out in a Strong Industry
- Navistar (NAV) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 01/04/2021
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Navistar (NAV) Q4 Earnings Top Estimates, Sales Miss Mark
- While Navistar International's (NAV) earnings beat estimates for the fourth quarter of 2020, profits decline year over year amid coronavirus-led lower demand in core markets.
- 12/18/2020
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Navistar (NAV) Q4 Earnings Beat Estimates
- Navistar (NAV) delivered earnings and revenue surprises of 169.57% and -1.22%, respectively, for the quarter ended October 2020. Do the numbers hold clues to what lies ahead for the stock?
- 12/17/2020
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Navistar International: Q4 Earnings Insights
- Shares of Navistar International (NYSE:NAV) decreased 1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 40.20% over the past year to $0.61, which beat the estimate of $0.23.
- 12/17/2020
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Navistar Reports Fourth Quarter And Full-Year 2020 Results
- LISLE, Ill., Dec. 17, 2020 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) today announced a fourth quarter 2020 net loss of $236 million, or $2.36 per diluted share, compared to fourth quarter 2019 net income of $102 million, or $1.02 per diluted share. Navistar reported a...
- 12/17/2020
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Navistar To Announce Fiscal 2020 Fourth Quarter And Full Year Financial Results Thursday, December 17, 2020
- LISLE, Ill., Dec. 11, 2020 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) today announced it will report its fiscal 2020 fourth quarter and full year financial results on Thursday, December 17, 2020. Due to the pending merger proposal with TRATON SE, Navistar will not host...
- 12/11/2020
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International Raises The Bar On Connectivity With Intelligent Fleet Care
- LISLE, Ill., Nov. 30, 2020 /PRNewswire/ -- International® Truck, the commercial truck brand of Navistar International Corporation (NYSE: NAV), has launched Intelligent Fleet Care, the industry's most comprehensive standard suite of connected vehicle solutions, which will be standard for...
- 11/30/2020
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Self-driving truck company TuSimple reportedly raises $350M
- Self-driving trucking company TuSimple reportedly has raised about $350 million in a Series E round closing this month, according to Forbes. Citing two people “familiar with the matter,” Forbes said the raise was being led by consulting and investment firm VectoIQ, helmed by Steve Girsky, and includes additional investment from current partners Navistar (NYSE: NAV) and Volkswagen's Traton Group, a freight rail operator and grocery retailer.
- 11/23/2020
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International HX strengthens and improves on another Navistar cab
- Navistar International Corp. (NYSE: NAV) sells a lot of severe service trucks to government and utility customers. With a modular approach that adapts the cab of another International model, the new HX Series is targeting the off-highway construction segment.
- 11/17/2020
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Top Stocks To Short Today As Dow Trades Flat Amid Vaccine Rally
- Since Monday, the theme of the week has been recovery stocks. Still, there is long-term positive sentiment on tech stocks because investors are expecting a divided Congress that will struggle to pass legislation.
- 11/11/2020
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Cummins, Navistar to develop hydrogen fuel cell-powered heavy truck
- Cummins Inc. and Navistar International Corp. announced Wednesday a partnership to develop a heavy Class 8 truck powered by hydrogen fuel cells. The engine and engine parts makers said the project will be partly funded through an award from the U.S. Department of Energy, as part of an initiative to develop affordable hydrogen production, storage, distribution and use.
- 11/11/2020
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SHAREHOLDER ALERT: WeissLaw LLP Investigates Navistar International Corporation
- NEW YORK, Nov. 10, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Navistar International Corporation ("NAV" or the "Company") (NYSE: NAV) in connection with the proposed acquisition of the...
- 11/10/2020
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Was The Smart Money Right About Navistar International Corp (NAV)?
- We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn't mean that they don't have occasional colossal losses; they do (like Peltz's recent General Electric losses). However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, as the current round of 13F filings has just ended, let's examine the smart money sentiment towards Navistar International Corp (NYSE:NAV).
- 11/10/2020
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SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Navistar International Corporation Buyout
- WILMINGTON, Del., Nov. 9, 2020 /PRNewswire/ -- Rigrodsky & Long, P.A. announces that it is investigating Navistar International Corporation ("Navistar") (NYSE: NAV) regarding possible breaches of fiduciary duties and other violations of law related to Navistar's agreement to be acquired...
- 11/09/2020
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ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Navistar International Corp.
- NEW YORK, Nov. 9, 2020 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Navistar International Corporation (NYSE: NAV) and its board of directors concerning the proposed acquisition of the company by TRATON SE. Stockholders will receive $44.50 for...
- 11/09/2020
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Volkswagen's Traton Acquires Truck Company Navistar For $3.7B
- Traton SE has paid $3.7 billion to acquire the US truck company Navistar International Corp. (NYSE: NAV). What Happened: Traton SE, Volkswagen AG's (OTC: VLKAF) truck division, will acquire $3.7 billion worth of outstanding shares of Navistar International Corp. stock, Reuters reported Saturday.
- 11/07/2020
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News Alert: TRATON and Navistar reach definitive $3.7 billion merger deal
- TRATON Group and Navistar International Corp. (NYSE: NAV) reached a definitive agreement on TRATON's $3.7 billion takeover of the maker of International trucks and IC buses on Saturday. The deal concludes TRATON's on-again, off-again four-year pursuit.
- 11/07/2020
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Volkswagen truck unit Traton, U.S. Navistar sign merger deal
- Volkswagen AG's truck unit Traton SE has signed a merger agreement with U.S. truck maker Navistar International Corp , the company said in a statement on Saturday.
- 11/07/2020
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The Truck Cycle Has Likely Bottomed, And Negotiations With Traton Could Be Fruitful For Navistar
- Navistar did a little better than expected on the EBITDA line in the fiscal third quarter, but Navistar once again lost year-over-year market share in Class 8 trucks.
- 09/14/2020
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Merger Arbitrage Analysis And Spread Performance - September 13, 2020
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Wall Street Breakfast: The Week Ahead
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 09/13/2020
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Stocks To Watch: Apple, Snowflake, Pfizer And Moderna In Focus
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 09/12/2020
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Navistar International Corporation (NAV) CEO Persio Lisboa on Q3 2020 Results - Earnings Call Transcript
- Navistar International Corporation (NYSE:NAV) Q3 2020 Earnings Conference Call September 9, 2020 09:00 ET Company Participants Marty Ketelaar - Vice President, Investor Relations Persio Lisboa - President and Chief Executive Officer Walter Borst - Executive Vice President and Chief Financial Officer Conference Call Participants Stephen Volkmann - Jefferies Ann Duignan - JPMorgan Brian Sponheimer - Gabelli Funds Brendan Shea - RBC Capital Markets Jerry Revich - Goldman Sachs Andy Casey - Wells Fargo Steven Fisher - UBS Rob Salmon - Wolfe Research Presentation Operator Ladies and gentlemen, thank you for standing by and welcome to the Navistar’s Third Quarter Earnings Results Conference Call.
- 09/09/2020
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Navistar International Corporation 2020 Q3 - Results - Earnings Call Presentation
- The following slide deck was published by Navistar International Corporation in conjunction with their 2020 Q3 earnings call.
- 09/09/2020
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Wall Street Breakfast: The Week Ahead
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 09/06/2020
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Stocks To Watch: Tech Reboots And Eyes On Lululemon, Peloton & GameStop
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 09/05/2020
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Tracking Alex Roepers' Atlantic Investment Management Portfolio - Q2 2020 Update
- Atlantic Investment Management’s 13F portfolio value increased from $177M to $204M. The number of positions decreased from 18 to 9.
- 09/01/2020
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Wall Street Breakfast: The Week Ahead
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 08/30/2020
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Stocks To Watch: Nvidia, Intel And Zoom Look To Dazzle
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 08/29/2020
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Tracking Carl Icahn's Portfolio - Q2 2020 Update
- Carl Icahn's 13F portfolio value increased from $18B to $19.72B this quarter. HP Inc.
- 08/27/2020
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Fewer Students Will Be Taking the Bus to School This Year. That’s Bad News for These Stocks.
- A Cars.com survey finds that fewer children will be riding the yellow bus to school in a pandemic world.
- 08/20/2020
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Navistar & Cummins to Jointly Develop Advanced Technologies
- Cummins (CMI) will provide medium-sized and heavy-duty large-bore engines for foreign trucks and IC buses to Navistar (NAV) in the United States and Canada.
- 08/12/2020
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Navistar Streamlines Executive Lineup Under New CEO
- Navistar International Corp. (NYSE: NAV), is streamlining its executive lineup under new President and CEO Persio Lisboa.The holding company of International Trucks and IC Buses named Friedrich Baumann as president of Sales, Marketing and Aftersales. He will oversee the full range of commercial processes for customers and dealers. Baumann, who joined Navistar from Daimler Trucks North America in 2018, previously was president of Aftersales/Alliance Management.Baumann continues as liaison with Volkswagen AG's TRATON Group. The holding company for Volkswagen AG's truck brands works with NAvistar on purchasing and powertrain programs. TRATON in January made an unsolicited $2.9 billion bid for the 83% of Navistar stock it does not already own.Baumann succeeds Michael Cancelliere, who is retiring after 40 years at Navistar."It is crucial that both our dealer network as well as the brand are growing and moving in the same direction to serve our joint customers better than anybody else," Baumann told FreightWaves in a December 2019 interview.Returning to The Fold Robert Walsh rejoins Navistar from Sears Holdings Corp., where he was vice president and chief procurement officer after 15 years at Navistar. He will be vice president of Emerging Technologies, Strategy, and Planning. That includes managing a partnership with TuSimple to bring a Level 4 autonomous truck to market by 2024. Walsh also will lead the development of Navistar's newest business unit, NEXT eMobility Solutions as well as the Strategy and Planning group steering the Navistar 4.0 business strategy.Walsh formerly was president of Navistar Defense, 70% of which Navistar sold to affiliates of Cerberus Capital Management in December 2018.Phil Christman, president of Operations, adds Navistar's global operations, including Brazil, Mexico and the Global Export business, to his portfolio. Christman continues to oversee procurement, product development, manufacturing and supply chain."I'm confident they are the right leaders to accelerate the pace of our progress toward our Navistar 4.0 business strategy," said Lisboa, who succeeded Troy Clarke as CEO on July 1. Clarke was named CEO and President in April 2013. He continues in the new role of Executive Chairman.Related articles: Persio Lisboa will be Navistar's President and CEONavistar to sell driverless semis in 2024Navistar will build Industry 4.0-ready truck plantClick for more FreightWaves articles by Alan Adler.Photo by Florian Steciuk on UnsplashSee more from Benzinga * LATAM Kicks Off Miami-Brazil Cargo Flight * Rejection Rates Fall For Fourth Day In A Row – FreightWaves NOW * Weekly Fuel Report: August 10, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/11/2020
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Navistar Announces Senior Leadership Appointments
- Navistar International Corporation (NYSE: NAV) today announced a series of executive appointments under the leadership of President and Chief Executive Officer Persio Lisboa, effective immediately.
- 08/11/2020
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Cummins Gets Long-Term Engine Supply Deal With Navistar
- Diesel engine leader Cummins Inc. (NYSE: CMI) will supply medium- and heavy-duty truck and bus engines to Navistar International Corp (NYSE: NAV) through the next two emission cycles, or 2026."This new long-term agreement with Cummins, in combination with our proprietary powertrains, will offer International customers the most competitive and fuel-efficient engines in the market," said Phil Christman, president of operations for Navistar. Navistar also will spend less to meet future emissions regulations, he said,80-Year Partnership Continues Cummins has supplied engines and transmissions to Navistar for more than 80 years. Its selection makes Cummins Navistar's preferred supplier for International Trucks and IC Buses in the U.S. and Canada. That includes B6.7 and L9 engines for International MV and HV Series trucks. Those engines also are used in Navistar's IC Bus CE and RE Series school busses. "Navistar is a critical partner to Cummins," said Srikanth Padmanabhan, president of Cummins' Engine Business unit."We believe the International LT Series trucks paired with the Cummins X15 Efficiency Series and Eaton Cummins Endurant HD transmission provides the best fuel economy, improved uptime and overall [total cost of ownership] or our mutual long-haul customers,"Federal emissions for diesel-powered engines become more stringent in 2024 and in 2027. Cummins recently launched the federally compliant 2021 greenhouse gas X15 Efficiency Series. It claims the 15-liter engine is the most reliable and highly fuel-efficient available."Extending this relationship through a long-term partnership ensures that both companies will be able to collaborate and meet the challenges of the next emissions cycles and beyond."Cummins Supplies Most Truck Makers In North America Cummins also supplies Daimler Trucks North America (DTNA) and PACCAR Inc (NASDAQ: PCAR) with engines for its Kenworth and Peterbilt brands. It also was selected to supply B 6.7-liter engines to a new medium-duty entry for Mack Trucks.Cummins supplied 34.7% of the diesel engines used in the trucking industry in the first half of 2020, according to WardsAuto.com.Cummins began shipping its X12 engine to DTNA's Freighliner for use in the Cascadia day cab and sleeper models in the second quarter. Freightliner accounted for 53% of Cummins' lighter Class 8 engines, according to WardsAuto.com.Related articles: Cummins' melting fuel heater leads to big Navistar recallNavistar rebuilds share as products and services grow customer baseCummins dives into hydrogen business as traditonal engine business stallsClick for more FreightWaves articles by Alan Adler.See more from Benzinga * Daily Infographic: Who Is Responsible For Freight Damage? * Trucking Companies Caught In Trump's Payroll Tax Deferment Order * Cathay Pacific Strips Seats From 777 Aircraft For Cargo(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/10/2020
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Cummins and Navistar Announce New Long-Term Agreement
- Global power leader Cummins Inc. (NYSE: CMI) and Navistar International Corp. (NYSE: NAV) announced another step forward in their partnership by extending their long-term agreement through the next two emission cycles, with Cummins being selected as Navistar’s preferred supplier of medium-duty and heavy-duty big bore engines for International Trucks and IC Buses in US and Canada.
- 08/10/2020
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Cummins and Navistar Announce New Long-Term Agreement
- Global power leader Cummins Inc. (NYSE: CMI) and Navistar International Corp. (NYSE: NAV) announced another step forward in their partnership by exten
- 08/10/2020
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Keep On Trucking With PACCAR (NASDAQ:PCAR)
- While the COVID-19 pandemic is hurting the trucking industry in the short term, we believe the long-term growth of the industry remains intact.
- 08/05/2020
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Soon, You May Have Tap-and-Go Offline Payment Feature For UPI
- UPI managing body NPCI is planning to add near-field communication (NFC) capabilities to its payments infrastructure to take on its rivals.
- 08/05/2020
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UPI to launch NFC-based payments, to challenge Visa, Mastercard in India
- The move is expected to expand UPI’s reach to offline merchants by tapping the PoS ecosystem and thus trigger more peer-to-merchant transactions
- 08/04/2020
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Pixel 4a review: the best phone Google has made in years
- Cut-price Google phone has great camera, screen, performance and battery life, in small and light body
- 08/04/2020
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Global Payments stock gains after company says new partnership with Amazon’s AWS could triple market opportunity
- Global Payments Inc. topped earnings expectations Monday and announced a new partnership with Amazon.com Inc.’s Amazon Web Services that it said would...
- 08/03/2020
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Apple acquisition might let iPhones accept credit card payments
- Apple reportedly purchased Mobeewave, which could lead to iPhones able to easily receive money from credit cards with just a tap.
- 08/03/2020
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Apple Buys Mobile Startup Mobeewave For $100M To Enable Contactless Payments: Report
- Apple Inc. (NASDAQ: AAPL) has purchased contactless mobile payment startup Mobeewave Inc. for $100 milllion, according to a Bloomberg report late Friday.
What Happened
The...
- 08/03/2020
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Navistar's (NAV) resolve to stay on growth path will likely payoff | AlphaStreet
- Navistar International Corp. (NYSE: NAV) has been going through a soft phase in recent months, like most of its peers, as freight movement remained affected by the virus-related shutdown. With the authorities relaxing the sheltering-in-orders now, demand conditions are improving and the company is looking to clear the excess backlog in the second half of the year.
- 07/31/2020
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CVS is adding another kind of touch-free payment: PayPal and Venmo QR codes
- Add it to the list of payment options.
- 07/30/2020
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Navistar Financial Dealer Note Master Owner Trust II, Series 2020-1 -- Moody's assigns definitive ratings to Navistar Financial Dealer Note Master Owner Trust II, Series 2020-1
- Moody's Investors Service (Moody's) has assigned definitive ratings to the notes issued by Navistar Financial Dealer Note Master Owner Trust II, Series 2020-1 (NAVMOT 2020-1). Navistar Financial Corporation (NFC), an indirect wholly-owned subsidiary of Navistar International Corp. (Navistar, B2 negative), is the sponsor and servicer of the transaction.
- 07/30/2020
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Electric-Truck Stocks Like Nikola and Workhorse Are Hot Right Now. Don’t Get Burned.
- Speculative fervor has sent shares of electric-truck makers soaring. But competition is stiff and Tesla-like returns may prove elusive.
- 07/24/2020
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Autonomous Vehicle Companies Aurora and Waymo Expand Their Focus on Driverless Trucking
- Dublin, July 22, 2020 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com published a new article on the autonomous trucks industry "Navistar Partner With...
- 07/22/2020
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The Best Smart Rings: The Next Frontier for Wearables | Digital Trends
- The future of wearables may reside on your finger as opposed to your wrist. This connected jewelry lets you control gadgets and track activity and sleep.
- 07/21/2020
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Auto Stock Roundup: Navistar-TuSimple Pact, Volkswagen-Fisker Deal & More
- While Navistar (NAV) teams up with TuSimple to develop SAE Level 4 self-driving trucks, Fisker is in talks with Volkswagen (VWAGY) to power its SUV using the German auto giant's MEB platform.
- 07/20/2020
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Navistar Partner With TuSimple to Produce Autonomous Trucks by 2024 - ResearchAndMarkets.com
- ResearchAndMarkets.com published a new article on the autonomous trucks industry
- 07/20/2020
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California governor outlines strict guidelines for schools, making classroom instruction unlikely
- California Gov. Gavin Newsom laid out strict criteria Friday for school reopenings that makes it unlikely the vast majority of districts will have classroom instruction in the fall as the coronavirus pandemic surges.
- 07/17/2020
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Navistar Partners With TuSimple to Launch Self-Driving Trucks
- The partnership between Navistar (NAV) and TuSimple intends to offer a completely integrated engineering solution designed for mass production, using the manufacturing capabilities of the former.
- 07/16/2020
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The Daily Dash: Driver Safety, Self-Driving Trucks, and Bidding On Dedicated Freight
- The Daily Dash is a quick look at what is happening today in the freight ecosystem. In this edition, we find out that how a driver is trained matters more than his or her age, and we learn more about Navistar International Corporation (NYSE: NAV) partnership with TuSimple and why they believe a production-ready self-driving truck will be on the nation's highways by 2024. Plus, small fleets and owner-operators now have a way to bid on dedicated freight, and the rails are concerned about heavier and longer trucks becoming a reality.Looking beyond a driver's ageHiring older drivers does not make for safer drivers, says a report from the Virginia Tech Transportation Institute. The study looked at the impact of driver age on safety and compared it to other factors, such as experience. Not surprisingly, experience plays a much larger role, regardless of a driver's age.John Gallagher explains why younger drivers can be safe drivers: Truck safety group debates driver pay vs. driver shortageSelf-driving trucks are closer than they appearNavistar and TuSimple have promised to place self-driving trucks on the nation's highways by 2024. The companies announced an accelerated timeline that is as much as five years shorter than any existing competitor has previously announced they would bring a production truck to market. How are they doing it?Alan Adler has a look at the new partnership: Navistar to sell driverless semis in 2024Linda Baker looks at what this means for startup TuSimple: Navistar partnership establishes TuSimple as preferred autonomous supplierLoading up on dedicated freightAccess to dedicated freight has been limited to larger fleets with capacity to spare. Not anymore. Convoy has opened the door to these coveted freight volumes with a new offering that lets carriers — including single-truck operators — bid on dedicated freight lanes that provide regular revenue opportunities.Brian Straight has the details: Truckers, small fleets can now bid for dedicated freight through ConvoyBigger trucks, bigger problemsA study commissioned by the Coalition Against Bigger Trucks claims that heavier and longer trucks would divert at least 25% of the freight currently moved by rail onto trucks. "The results are compelling," the study's author stated. The group was looking to quantify the impact heavier and longer trucks would have on the rail industry.Joanna Marsh has more details of the findings: Bigger trucks would divert intermodal and railcar trafficStories we think you'll like:Trucker honored for rescuing young accident victimTesla Cybertruck factory a step closer to reality in TexasFord to build new Bronco Sport SUV in MexicoManaging through COVID-19: How Echo Global is staying busy, giving backDid you miss this?As much as COVID-19 buoyed e-commerce, it has wreaked havoc with last-mile delivery. Tension between customer expectations and company capabilities has risen as next-day delivery became "this week" delivery in some cases. A new report details the growing chasm between customers and companies.Vishnu Rajamanickam has the findings: COVID-19 has managed to wreck the delivery economyHammer down, everyone,Brian StraightManaging EditorClick for more FreightWaves articles by Brian Straight.You may also like: Truckers, small fleets can now bid for dedicated freight through ConvoyC.H. Robinson, Microsoft partner to boost supply chain digitizationPlaintiffs' attorneys: ATRI nuclear verdict report needs reality checkSee more from Benzinga * 8 Autonomous Trucking Questions For Navistar's Chris Gutierrez * Emerge's Volumes Inch Closer To Levels Originally Projected * Bigger Trucks Would Divert Intermodal And Railcar Traffic(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/16/2020
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8 Autonomous Trucking Questions For Navistar's Chris Gutierrez
- For two years, Navistar International Corporation (NYSE: NAV) and TuSimple engineers quietly worked in parallel, building autonomous truck prototypes. Now, the relationship is changing.On Wednesday, the companies said Navistar will sell a driverless truck by 2024, advancing the industry's accepted end-of-the-decade production timeline. Navistar will offer a single, no-frills autonomous truck that fleets will learn to launch and receive. Navistar and TuSimple will help smooth this new wrinkle in logistics.Below are eight questions and answers from a FreightWaves' conversation with Chris Gutierrez, Navistar chief engineer of Advanced Driver Assistance Systems.What changes in your collaboration? We've produced prototype vehicles based on currently available components. TuSimple has largely led their portion of that development and we've largely led our portion of the development [with a] joint interface. Navistar will be leading the full vehicle integration, the hardware selection and the final validation. TuSimple is providing the perception software, the localization and the motion planning and requests to the vehicle system for actuation. Any aha moments working with TuSimple? Their urgency and energy to move this forward. That is something that stands out with TuSimple versus a variety of other players in the marketplace. There is the three-way collaboration with our joint customers. TuSimple has not been shy about touting the UPS relationship and the Penske relationship. The third part is the ability for TuSimple to turn their concepts into working prototypes. They've had a relatively high number of trucks up and running at a relatively high technical capacity since early 2019.How does this differ from other claims? This isn't one truck moving a trailer full of beer [or] a trailer full of butter. It's a fairly substantial deployment, and while that doesn't mean that we're ready for production, it indicates a certain level of maturity and operational agility to make that happen on a day-in, day-out basis. The level of safety and quality that is essential for that type of product deployment is entirely different than an engineering prototype.What about the limits of autonomy? The vehicle will operate on defined routes that are [mostly] on-highway. We expect it to have limited capability to operate in a commercial district. It's not pulling into the back lot of Target. [But] a distribution center that might be a mile and a couple of turns from an interstate is an area where we would expect to work towards mapping, programming and developing that specific route to meet customer needs.Why a diesel powertrain? Primarily due to range. We have a relatively unlimited length of route in mind so long as the route is an approved route. There is no expectation that the truck has to stop for any reason other than fuel. And if it's carrying enough fuel, then it can go from Point A to Point B without stopping. As the technology proves itself, we'll move into either battery-electric or hydrogen power depending on the given technology of the day for the given route.Do you need to hold the customer's hand? There will be a large amount of customer interaction to ensure the quality [and seamlessness] of the operation. These trucks need to be sent on their way and then received. That is a new operation for a customer. That partnership between the customer, Navistar and TuSimple will be defined on a customer-by-customer basis. We'll have a very customer-oriented route preference, sending and receiving, service plan. This is going to be something that is very well managed to assure the maximum efficiency of these vehicles.How many driverless trucks sell in 2024? [That is] highly dependent on demand. In this space, where the total cost of ownership for the customer is really the driving factor for these products being adopted, that will speak for itself. If there is a significant demand, then Navistar and TuSimple will meet that demand in product and service. If there's some trepidation on how we're going to get this to work, then we'll roll out a support structure that provides confidence and allows customers to grow into the product as it proves itself.How big a lead does Navistar have? I have not seen any other North American [manufacturer] suggest that they will be on the road prior to our target date of 2024. Depending on your baseline, this is one year or five years sooner. Timelines are updated based on capabilities. This partnership advances our timeline significantly, and that would be more than one year.Click for more FreightWaves articles by Alan Adler.Related articles:Navistar targets 2024 to sell driverless semiTuSimple launches ‘5G network' for autonomous truckingButter in tow, Plus.ai completes cross-country commercial freight runSee more from Benzinga * Emerge's Volumes Inch Closer To Levels Originally Projected * Bigger Trucks Would Divert Intermodal And Railcar Traffic * Navistar Partnership Establishes TuSimple As Preferred Autonomous Supplier(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/16/2020
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Navistar Invests In Chinese Self-driving Truck Developer TuSimple
- Navistar Invests In Chinese Self-driving Truck Developer TuSimple – China Money Network - China Money Network
- 07/16/2020
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8 Autonomous Trucking Questions For Navistar's Chris Gutierrez
- For two years, Navistar International Corporation (NYSE: NAV) and TuSimple engineers quietly worked in parallel, building autonomous truck prototypes. Now, the relationship is...
- 07/16/2020
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Navistar International Corp. -- Moody's assigned a B3 rating to Navistar's proposed $225 million IRB issuance; outlook is negative.
- Rating Action: Moody's assigned a B3 rating to Navistar's proposed $225 million IRB issuance; outlook is negative. New York, July 15, 2020 -- Moody's Investors Service, ("Moody's") assigned a B3 rating to Navistar International Corp.'s (Navistar) proposed issuance of $225 million of senior unsecured industrial revenue bonds (series 2020 IRBs). Navistar's other ratings are unaffected, including: corporate family rating at B2; second-lien industrial revenue bonds (series 2010 IRBs) at B1; and, senior secured, third-lien notes at B2; and senior unsecured debt at B3.
- 07/15/2020
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Navistar teams up with TuSimple to produce self-driving trucks by 2024
- Navistar and TuSimple deepened their two-year relationship on Wednesday, announcing plans to develop and begin producing autonomous semi trucks by 2024. The strategic partnership includes Navistar taking an undisclosed stake in self-driving trucks startup TuSimple. The plan is to move away from retrofitting the Navistar International commercial trucks that TuSimple currently uses and instead develop semi trucks specifically designed for autonomous operations.
- 07/15/2020
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Former NFL and USC player David Lewis dies at 65
- TAMPA, Fla. (AP) - David Lewis, a key member of the Tampa Bay Buccaneers' 1979 team that reached the NFC title game, has died. He was 65.
Lewis died Tuesday in Tampa. The cause was not immediately known, but he had struggled with health issues in recent years, according to Southern California, where he played in college.
He was a second-round pick at outside linebacker by the Buccaneers in 1977 and played for them until 1981, including an appearance in the 1980 Pro Bowl.
Lewis was among the defensive stars on the 1979 team that reached the NFC title game, capping the franchise's "worst to first" transformation. The Bucs won 10 games that year after having won just seven in the franchise's previous three seasons.
Lewis also played for the San Diego Chargers in 1982 and Los Angeles Rams in 1983.
After leaving the NFL, Lewis began a long prep coaching career. He coached at Tampa Catholic High from 1986-90, compiling a 33-19 record and winning a district title. He still served on the Crusaders staff at his death, working mostly from a golf cart in recent years.
At USC, Lewis lettered from 1974-76, having previously played at San Diego City College. As a senior, he was an All-Pac-8 first-team selection. As a junior, he led USC in tackles (90). Lewis played on USC teams that won the Rose Bowl in 1975 and 1977.
He made a game-changing play in USC's comeback win over Notre Dame in 1974, when they won the national championship. USC trailed 24-0 just before halftime, and then scored 55 consecutive points for the win. Lewis' hit on Irish kick returner Mark McLane at the 8-yard line on the second half's opening kickoff helped turn the game around.
He is survived by his wife and a daughter. His son preceded him in death.
___
More AP NFL: https://apnews.com/NFL and https://twitter.com/AP_NFL
- 07/15/2020
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Navistar Partners With TuSimple To Develop Self-Driving Trucks
- Truck maker Navistar International Corp. (NAV) has acquired a minority stake in TuSimple to co-develop self-driving trucks targeted for production by 2024.Navistar and TuSimple did not disclose the size of the stake but said that the strategic partnership is the result of a successful technical relationship between the companies for more than two years.The self-driving truck project between TuSimple, which specializes in autonomous vehicle technology, and Navistar seeks to develop a fully integrated engineering solution that will be ready for mass-production using Navistar's vehicle manufacturing capabilities, the companies said in a joint statement. Customers will be able to purchase the fully autonomous trucks through Navistar's traditional sales channels in the U.S., Canada and Mexico."Autonomous technology is entering our industry and will have a profound impact on our customers' businesses," said Navistar CEO Persio Lisboa. "Navistar's strategic partnership with TuSimple positions us to be a leader in developing solutions for our customers by leveraging our organizations' collective expertise to integrate our vehicle design and systems integration capabilities with TuSimple's innovative autonomous technology.”Navistar, a producer of brand commercial trucks, proprietary diesel engines, and school buses has a 113-year history of developing commercial vehicles and bringing them to the market. With this partnership TuSimple aims to innovate the $800 billion U.S. trucking industry by improving safety, increasing efficiency and significantly reducing operating costs, the company said.Last December, TuSimple announced results of a study conducted at the University of California that showed that the company's autonomous driving technology reduced fuel consumption in heavy-duty trucks by 10%. The San Diego-based company plans to build completely driverless operations in 2021.It operates a fleet of 40 self-driving trucks in the U.S., shipping freight autonomously between Arizona and Texas for companies including UPS (UPS) and McLane Co., a unit of Warren Buffet’s Berkshire Hathaway.Shares in Navistar rose 2.7% to $29.89 in morning U.S. trading and are now up 3.2% since the start of the year.Longbow analyst Faheem Sabeiha last month cut Navistar’s rating to Hold from Buy after channel checks with several U.S. truck dealers pointed to a "sluggish recovery".The analyst sees "red flags" in specific markets segments where Navistar has meaningful exposure including construction, service vehicles for municipalities, and medium-duty trucks.Following the recent share rally since the lows in March, Sabeiha does not see near-term catalysts to drive shares higher. Indeed, the $31.17 average analyst price target implies 5.2% upside potential in the shares in the coming 12 months. (See Navistar stock analysis on TipRanks)The rest of the Street is cautiously optimistic on the stock’s outlook. The Moderate Buy analyst consensus is evenly divided between 4 Buys and 4 Holds.Related News: Medtronic To Buy Medicrea For About $154 To Bolster Spine Surgery Business Tesla Climbs 6% In Pre-Market, Boosted By ‘Accelerating’ China Projects Tesla’s Elon Musk Overtakes Buffett On Billionaires Rich List More recent articles from Smarter Analyst: * Medtronic To Buy Medicrea For About $154 To Bolster Spine Surgery Business * Merck, Novocure Team Up On Lung Cancer Treatment; Trial Set For 2H20 * Becton, Dickinson Score Fed Contract For Covid-19 Rapid Test Systems * Google Snaps Up 7.7% Stake In India’s Jio Platform For $4.5B
- 07/15/2020
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Navistar Partnership Establishes TuSimple As Preferred Autonomous Supplier
- Autonomous trucking startup TuSimple is joining forces with Navistar International Corp. (NYSE: NAV), a producer of commercial trucks, proprietary diesel engines, and school and commercial buses, to develop self-driving semi-trucks. The partnership, announced Wednesday, builds on a two-year relationship between the companies and marks a milestone for TuSimple, establishing the startup as a preferred supplier of autonomous trucking technology."TuSimple and Navistar began joint development of pre-production units in 2018 and now we are kicking-off a full go-to-market production program," said Cheng Lu, president of TuSimple, in a press release. "With the combined expertise of Navistar and TuSimple, we have a clear path to commercialize self-driving Class 8 trucks at scale."In addition to the partnership, Navistar has taken a minority stake in TuSimple. The development agreement comes two weeks after TuSimple announced new partnerships with transportation providers U.S. Xpress and Penske Truck Leasing, and Berkshire Hathaway-owned grocery and food-service distributor McLane. The company is opening a new shipping terminal in Dallas this fall and recently added new routes in Texas as part of a broader effort to build a nationwide autonomous trucking transportation network.Building a scalable autonomous semi-truckTuSimple's role in the development of a self-driving ecosystem is to supply customers with its Virtual Driver technology, said Lu, who in a June interview with FreightWaves compared development of the company's autonomous truck and the transportation network to a 5G cellular network."We are building with Tier One suppliers and OEMs a new 5G phone," he said.With the Navistar program, the partners are targeting an integrated engineering solution that will be ready for mass production using the OEM's vehicle manufacturing capabilities. Work on the trucks will start by 2024, according to the press statement. TuSimple isn't the only startup to develop a relationship with a truck maker. Autonomous trucking outfit Plus.ai last fall entered a joint venture with FAW Jiefang, China's largest truck manufacturer, to develop self-driving big rigs for the world's most populous country.The partnership has also launched its first product, the FAW J7 Level Two truck, with plans to bring a full Level Four heavy-duty truck to market in the next three to five years.But among competitors, "TuSimple, primarily through interesting partnerships and real on-road testing, is clearly one of the leading startup independent firms," said Michael Ramsey, an analyst and vice president with Gartner's mobility and connected vehicle division."Like all the startups, there comes a time where they have to either go really big or find a partner," Ramsey said. "It's too expensive to do it all on your own for a small company."Richard Bishop, principal of Richard Bishop Consulting and a widely recognized authority on autonomous vehicles, echoed that sentiment..TuSimple has said it will put a Level 4 truck on the road without a safety driver in 2021 — which would make it the first autonomous trucking company to execute on that goal. As ambitious as that may be, the first driverless run "doesn't mean much" without talking about the scale of the operations, according to Bishop."When Freightliner introduces an eCascadia, tens of thousands of those could be on the road soon," he told FreightWaves. "That's not the case with startups." They can deploy a capability, he said, but scaling operations is a completely different challenge.A friend in the autonomous businessWith the Navistar partnership, TuSimple now has a ready market to scale its self-driving system. "Autonomous technology is entering our industry and will have a profound impact on our customers' businesses," said Persio Lisboa, president and CEO of Navistar, in the press statement."Navistar's strategic partnership with TuSimple positions us to be a leader in developing solutions for our customers by leveraging our organizations' collective expertise to integrate our vehicle design and systems integration capabilities with TuSimple's innovative autonomous technology."Customers will be able to purchase the autonomous trucks through Navistar's sales channels in the United States, Canada and Mexico, the press release stated.Related stories:Plus.ai announces joint venture with China's largest truck manufacturerTuSimple launches ‘5G network' for autonomous truckingClick here to read more FreightWaves articles by Linda Baker.See more from Benzinga * Navistar To Sell Driverless Semis In 2024 * Truckers, Small Fleets Can Now Bid For Dedicated Freight Through Convoy * Truck Safety Group Debates Driver Pay Vs. Driver Shortage(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/15/2020
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Navistar To Sell Driverless Semis In 2024
- Navistar is shaving up to five years off the industry timeline for autonomous semis, partnering with self-driving technology leader TuSimple to sell International-branded driverless trucks in 2024, the companies said Wednesday. Navistar International Corp. (NYSE: NAV) took an undisclosed minority interest in startup TuSimple, and could increase its stake over time."Autonomous technology will have a profound impact on our customers' business," said recently named Navistar President and CEO Persio Lisboa. "This marks a significant milestone in our development journey with TuSimple. And we look forward to furthering our relationship in the months to come."Vaulting competition Navistar vaulted Daimler Trucks North America (DTNA), Volvo Group and PACCAR Inc.'s Kenworth Truck Co., which expect SAE Level 4 autonomous trucks late this decade. Level 4 autonomy means no human interaction is required. "We're not talking about partnering on demonstrations. We're talking about Navistar and TuSimple bringing a product to market that anyone can walk into a dealer or call their national account representative and say, ‘I'd like to order [autonomous] trucks." Chris Gutierrez, Navistar chief engineer for Advanced Driver Assistance Systems, told FreightWaves.After two years working with TuSimple's current technology, Navistar is developing a diesel-powered, no-frills autonomous semi that will look like a sleeper cab. But autonomous hardware instead of creature comforts will fill the area behind the cab."I think this move really helps Navistar create a differentiated product and gives TuSimple the thing it truly needed — a platform on which to put its technology," said Mike Ramsey, vice president and analyst for Automotive and Smart Mobility at Gartner Inc."It's also a foray into selling a product instead of a service, which has to be the end goal for these trucks."Total cost of ownership rules Total cost of ownership will dictate enthusiasm for driverless trucks. Because of low fuel costs, the driver accounts for 48% of the operating cost of a truck, Gutierrez said."Our goal is to be able to provide a product that has the opportunity to remove the driver and to leverage that benefit," he said. "The nice part about this is there's not going to be a driver wanting to customize the vehicle. It will perform a task. And that is its absolute function."Navistar will limit options. One wheelbase. One cab type. One powertrain."Those are all things that are necessary to bring a product to market quickly because [they] impact how the vehicle behaves and how it performs," Gutierrez said.Other than fill-ups or breakdowns, an autonomous truck doesn't need to stop in normal operation. Navistar is looking at a 200- to 240-gallon fuel tank. Assuming 8 mpg, it could travel more than 1,900 miles.Part of Navistar 4.0 Aggressive plans for autonomous trucking jibes with Navistar's Vision 2025, which includes a 25% target market share of heavy- and medium-trucks and buses. Its share was 18.8% in 2019. As part of Navistar 4.0, the Lisle, Illinois, company targets 12% earnings before interest, taxes, depreciation and amortization (EBITDA) by 2024. It recently broke ground on a new plant in San Antonio, Texas. The plant is designed for lean manufacturing.Navistar could be part of German-based TRATON Group before 2024. On Jan. 30, the holding company of Volkswagen AG's truck brands offered .9 billion for the 83% of Navistar it does not already own. It paid $256 million for 16.6% of Navistar in September 2016. The two companies work together on purchasing and powertrain projects."This product falls under the umbrella" of Vision 2025 and Navistar 4.0," Gutierrez said.Competitive Landscape DTNA is testing Level 4 trucks in Virginia, near Torc Robotics, which it purchased in 2019. It showed its first autonomous prototype in 2015. But Daimler executives demur when pressed on a production date. Kenworth quietly showed a Level 4 prototype at the Consumer Electronics Show (CES) in January. It offered few details on timing or other plans.Volvo Group possibly has the most autonomous activity around the world.Its Vera cabless autonomous vehicle is in port testing in Sweden. It has driverless mining trucks in Norway and robotic agricultural vehicles in Brazil. Its former U.D. Trucks subsidiary in Japan demonstrated autonomous maneuvers on a sugar plantation in Hokkaido Province in 2019. Volvo combined its autonomous efforts into one group December 2019, But it has shunned Level 4 autonomy so far in North America other than a tie-up with chipmaker Nvidia. Does No. 1 matter? "Being first doesn't mean much if it doesn't work well," Gartner's Ramsey told FreightWaves. "I remember that the Fisker Karma came out before the Model S from Tesla. But if it is successful and works well, then it can be a real differentiator in the long term."Added IHS Markit trucking analyst Antti Lindstrom: "Navistar has been a little less in the headlines regarding the advances on the autonomy issues. But as we all know, this is a marathon, not a sprint. Having been in the front rows early on does not necessarily mean finishing the race first."Click for more FreightWaves articles by Alan Adler.Related articles:Navistar taps Persio Lisboa as next CEOCES 2020: Kenworth quietly reveals autonomous truckDaimler begins Level 4 autonomous testing on public roadsPhoto: NavistarSee more from Benzinga * Truckers, Small Fleets Can Now Bid For Dedicated Freight Through Convoy * Truck Safety Group Debates Driver Pay Vs. Driver Shortage * Nebraska Officials Demand Answers On Blocked Rail Crossings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/15/2020
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Navistar to develop self-driving trucks with TuSimple
- Truck maker Navistar International Corp has bought a minority stake in TuSimple and aims to co-develop self-driving trucks by 2024 with the technology company as it rolls out a national U.S. autonomous freight network, the two companies said on Wednesday.
- 07/15/2020
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Navistar to develop self-driving trucks with TuSimple
- Truck maker Navistar International Corp has bought a minority stake in TuSimple and aims to co-develop self-driving trucks by 2024 with the technology company as it rolls out a national U.S. autonomous freight network, the two companies said on Wednesday.
- 07/15/2020
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Navistar to develop self-driving trucks with TuSimple
- Truck maker Navistar International Corp has bought a minority stake in TuSimple and aims to co-develop self-driving trucks by 2024 with the technology company as it rolls out a national U.S. autonomous freight network, the two companies said on Wednesday.
- 07/15/2020
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Commercial truck-maker Navistar teams with start-up TuSimple to develop autonomous semis
- Over the next four years, TuSimple will work with Navistar to develop a self-driving semi with production targeted to begin in 2024.
- 07/15/2020
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Navistar and TuSimple Partner to Bring Autonomous Trucks to Market, Navistar Invests in Autonomous Trucking Company
- Navistar International Corporation (NYSE: NAV), a producer of International® brand commercial trucks, proprietary diesel engines, and IC Bus® brand school and commercial buses, and TuSimple, a global self-driving technology company, announced today that the two entities have entered into a strategic partnership to co-develop SAE Level 4 self-driving trucks targeted for production by 2024. The strategic partnership is the result of a successful technical relationship between the companies for more than two years. In addition, Navistar has taken a minority stake in TuSimple.
- 07/15/2020
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Navistar to develop self-driving trucks with TuSimple
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Navistar Financial Dealer Note Master Owner Trust II, Series 2020-1 -- Moody's assigns provisional ratings to Navistar Financial Dealer Note Master Owner Trust II, Series 2020-1 notes
- Moody's Investors Service (Moody's) has assigned provisional ratings to the notes to be issued by Navistar Financial Dealer Note Master Owner Trust II, Series 2020-1 (NAVMOT 2020-1). Navistar Financial Corporation (NFC), an indirect wholly-owned subsidiary of Navistar International Corp. (Navistar, B2 negative), will be the sponsor and servicer of the transaction.
- 07/15/2020
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Outlook on the Worldwide Hybrid Commercial Vehicle Market to 2024 - Featuring AB Volvo, CNH Industrial & Daimler Among Others - ResearchAndMarkets.com
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International® RH™ Series Now Available With New Allison 3414 Regional Haul Series™ Transmission
- International Truck today announces that the first International® RH™ Series vehicles equipped with the new Allison 3414 Regional Haul Series™ (RHS) transmission have rolled off the manufacturing line.
- 07/14/2020
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Navistar Financial Dealer Note Master Owner Trust II, Series 2020-1 -- Moody's assigns provisional ratings to Navistar Financial Dealer Note Master Owner Trust II, Series 2020-1 notes
- Moody's Investors Service (Moody's) has assigned provisional ratings to the notes to be issued by Navistar Financial Dealer Note Master Owner Trust II, Series 2020-1 (NAVMOT 2020-1). Navistar Financial Corporation (NFC), an indirect wholly-owned subsidiary of Navistar International Corp. (Navistar, B2 negative), will be the sponsor and servicer of the transaction.
- 07/14/2020
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OnePlus Nord design showcased in video interview - 9to5Google
- In an interview with Carl Pei, MKBHD got permission to share our first look at the design of OnePlus Nord along with a discussion about costs and more.
- 07/14/2020
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Two cars with top tech features
- Both models offer a blend of groundbreaking features and the kind of tech you’ve come to expect from the best cars.
- 07/14/2020
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Did Hedge Funds Make The Right Call On Navistar International Corp (NAV) ?
- How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- 07/14/2020
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Eckhart Announces Joseph Andrew as General Manager of North Vernon Operations
- Eckhart, an Industry 4.0 advanced manufacturing solutions provider, has named Joseph Andrew as General Manager of North Vernon Operations. Joseph most
- 07/14/2020
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Common Huawei Mate 20 Pro Problems, and How to Fix Them
- The beautiful Huawei Mate 20 Pro is in your hand, and you're already enjoying the camera. But what if there is a problem that's bothering you? It's possible others are having the same issue. We've gathered together frequently reported Huawei Mate 20 Pro problems here, and provide potential solutions too.
- 07/13/2020
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HID Global Launches Compact OMNIKEY® 5127CK Reader Core to Further Accelerate and Broaden the Partner Ecosystem
- HID Global, a worldwide leader in trusted identity solutions, today announced the launch of its smallest embedded reader module, the OMNIKEY 5127CK Re
- 07/13/2020
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QR codes get a new life as COVID-19 recovery spurs contactless payments
- The rapid demand for safe, contactless merchant payments has led to renewed interest in QR codes, a payment technology that historically dominated Asian markets, but lagged NFC use in the U.S.
- 07/10/2020
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Tesla's stock ROI is 5x higher than average returns of top-five competitor | MarketScreener
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VW's labour chief sees no need for more cost cuts
- Volkswagen's labour chief Bernd Osterloh has been on a roadshow to tell analysts and investors the carmaker has no need for deeper cost cuts in Germany. Existing cost reduction measures, agreed in 2016, will be enough to help the company to overcome the coronavirus crisis, Osterloh said, according to an analyst note from MainFirst. Osterloh also said unions fully support Chief Executive Herbert Diess and that the Volkswagen ID.3 electric car is a strong product which is fully on track.
- 07/09/2020
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Best Wear OS watch 2020: our list of the top ex-Android Wear smartwatches
- The best that Google's wrist-based OS has to offer
- 07/08/2020
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Volkswagen Management Tumult Spills Over to Truck Subsidiary
- (Bloomberg) -- Volkswagen AG’s series of executive shakeups is reaching its commercial-vehicle operations, with the surprise departure of Traton SE’s chief and other managers highlighting friction over restructuring plans that were jolted by the Covid-19 pandemic.Andreas Renschler will leave VW’s management board effective July 15 and be replaced by Matthias Gruendler, the former chief financial officer of the Munich-based truck unit, according to a statement Tuesday.Traton management board member Joachim Drees, who leads the MAN trucks business, also will leave his post, as will personnel chief Carsten Intra. Intra will replace Thomas Sedran as head of VW’s light commercial vehicles division. Sedran, a key figure behind VW’s alliance with Ford Motor Co., will assume responsibility for asset management at the commercial vehicles and machinery operations.VW group has made several management changes over the past weeks amid internal tension that’s risen from costly efforts to electrify its lineup, while also coping with the biggest industry slump in decades. Tesla Inc. zoomed past the industrial giant in terms of market capitalization early this year and now has more than tripled VW’s valuation, despite selling a fraction as many vehicles.Executive OverhaulFormer VW brand Chief Operating Officer Ralf Brandstaetter was promoted to the brand chief position last month after group Chief Executive Officer Herbert Diess lost direct control following a clash with key supervisory board members. VW brand development chief Matthias Rabe moved to the British luxury-car marque Bentley and VW group purchasing chief Stefan Sommer abruptly left the manufacturer.The new CEO of VW’s Audi brand Markus Duesmann, who took over at the group’s premium-car unit in April, plans to accelerate a restructuring push to restore profit margins.VW pushed through an initial public offering of Traton last year after some back-and-forth that dragged on for months, but proceeds fell short of expectations and efforts to lift weak margins at MAN deflated. Traton’s top labor representative Saki Stimoniaris in April balked at calls by MAN’s management for significant job cuts. Traton relies heavily on profits from Scania, the Swedish heavy-truck specialist that has reacted faster to the industry slump than struggling MAN.Navistar ImplicationsTraton also made a takeover offer for U.S. peer Navistar International Corp. earlier this year. VW officials have signaled the strategic logic for the deal remains intact but have sent mixed signals about when and under what conditions the deal might go ahead.Navistar shares slumped following Traton’s announcement, falling 5.9% to close at $27.17 in New York trading. Navistar’s stock is still up 13% since Traton made its $2.9 billion offer in January.“From a personal point of view, there is no better point in time to leave and to hand over the business to a very experienced successor,” Renschler said in an internal letter to employees seen by Bloomberg. “With Matthias Gruendler, who some of you should know as our former CFO, as my successor I am sure that you will support him as much as you supported me.”Gruendler “will now continue” Traton’s course, VW chairman Hans Dieter Poetsch said in a statement. But Gruendler, a key architect behind the initial stake acquisition in Navistar, won’t join VW group’s management. Responsibility for the trucks operations at the parent company will be take over by personnel chief Gunnar Kilian.(Updates with details on MAN restructuring in the seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/08/2020
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Home Theater Audio Systems Market, 2020 to 2027 - NFC Home Theater Audio Systems Worth $1.4 Billion by 2027 - ResearchAndMarkets.com
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Outlook into the Smart Ovens Global Industry to 2026 - Featuring Sharp, Hitachi & Robert Bosch Among Others - ResearchAndMarkets.com
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Ranking NFC quarterbacks heading into 2020
- The NFC is loaded at the quarterback position heading into the 2020 season, including Seattle Seahawks' Russell Wilson, New Orleans Saints' Drew Brees and Green Bay Packers' Aaron Rodgers.
- 07/06/2020
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Deutsche Bank AG Sells 93,563 Shares of Navistar International Corp (NYSE:NAV)
- Deutsche Bank AG reduced its position in shares of Navistar International Corp (NYSE:NAV) by 70.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,851 shares of the company’s stock after selling 93,563 shares during the quarter. Deutsche Bank AG’s holdings in Navistar International were […]
- 07/03/2020
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Analyzing Stereotaxis (OTCMKTS:STXS) and IMRIS (OTCMKTS:IMRSQ)
- Stereotaxis (OTCMKTS:STXS) and IMRIS (OTCMKTS:IMRSQ) are both medical companies, but which is the better business? We will compare the two companies based on the strength of their valuation, earnings, dividends, analyst recommendations, risk, profitability and institutional ownership. Valuation & Earnings This table compares Stereotaxis and IMRIS’s top-line revenue, earnings per share (EPS) and valuation. Gross […]
- 07/03/2020
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Huawei's Honor X10 Max will be Released with Larger Battery & Wide Display
- Huawei has been making a noise in the Tech world... Again!
- 07/02/2020
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Samsung Galaxy Z Flip is Now Cheaper in India by Rs 7,000: Price, Specs, Offers and More
- The Samsung Galaxy Z Flip is powered by the Qualcomm Snapdragon 855+ chipset, coupled with 8GB of RAM and 256GB of onboard storage.
- 07/02/2020
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Swisscard erweitert mit Google Pay das Angebot für mobiles Zahlen | Fintech Schweiz Digital Finance News - FintechNewsCH
- Swisscard Google Pay. In der aktuellen Situation der COVID-19-Krise gewinnt mobiles Zahlen zusätzlich an Bedeutung.
- 07/02/2020
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How The Pandemic Makes 90-Day Customer Histories A Fraud-Fighting Weakness
- The June Next-Gen Debit Tracker examines the rise of contactless and card-not-present (CNP) debit transactions.
- 07/02/2020
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Swisscard élargit l’offre de paiement mobile avec Google Pay
- A partir de la mi-août, les clientes et les clients de Swisscard avec des cartes Mastercard et Visa peuvent désormais payer aussi avec Google Pay de façon simple, rapide et sûre.
- 07/02/2020
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OnePlus 8 Pro, OnePlus 8 to go on Sale in India Today: Price, Specs, and More
- OnePlus is hosting yet another sale for its latest smartphones, the OnePlus 8 Pro and the OnePlus 8.
- 07/02/2020
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ASC, AIG appointment for south Punjab: Shah Mahmood thanks PM Khan
- Foreign Minister Shah Mahmood Qureshi expressed gratitude to PM Imran Khan over the government's recent steps towards realisation of South Punjab province.
- 07/02/2020
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Prevén aumento de pagos 'sin contacto' en México tras pandemia por el COVID-19 - ESP BlockBoard
- Especialistas prevén que un mayor número de ciudadanos en México optarán por opciones de pagos digitales en el sector financiero en vista de querer reducir el contagio del Coronavirus. A medida que el Covid-19 impuso restricciones para la vida diaria y cambió la manera de comprar, los consumidores adoptan nuevos hábitos de pago a un ritmo acelerado, alejándose más del efectivo y optando por pagos digitales y sin contacto.En este sentido, Alejandro Morales, director general de Prosa, consideró que ahora vendrán nuevas tecnologías con más impulso para el sector, como es el caso de la Inteligencia Artificial, los robots, la automatización, el P2P (pagos de persona a persona a través de redes sociales), y el contactless."Va a haber una adopción acelerada del contactless en México, porque la gente va a cuidar más que nunca los temas de la higiene. La gente no quiere estar en contacto ni con las monedas ni con los billetes y lo que va a pasar con el contactless es que ya vienen empresas con soluciones de luz ultravioleta que lo que van a hacer es quitar los virus o las bacterias", dijo el director general de Prosa, Alejandro Morales.El sector blockchain de México crece 90% en 2 años a pesar de COVID-19Asimismo, Morales expresó, que en cuanto a inclusión financiera en México, la alternativa viene más por el lado de los corresponsales bancarios, a través de los cuales se puede llegar a los municipios en los que hoy no hay infraestructura bancaria.Destacó que solo el 37% y 40% de la población tiene acceso a una cuenta bancaria por lo que hay oportunidad de colocar más servicios y productos financieros, lo que además ayudaría en un menor uso del efectivo.Startup aporta funcionalidad de blockchain a la plataforma Steam GamingMéxico a la vanguardia de pagos digitalesTomando en consideración todo lo anterior, expertos como Morales, han estimado que un mayor número de ciudadanos evitará el uso del efectivo y optará por opciones digitales, tal es el caso de las tarjetas sin contacto, conocidas como "contactless" así como la plataforma Cobro Digital (CoDi), del Banco de México.Esta tecnología permite que las transacciones, en particular las compras diarias más pequeñas, se completen de forma rápida y segura, mejorando la experiencia del consumidor y desplazando el efectivo. La firma de servicios al sector financiero explicó que CoDi tiene el potencial para ampliar el número de usuarios que realicen pagos digitales, además de que se espera la adopción de otras tecnologías como la blockchain, que transparenta las transacciones.Empresas mexicanas lanzan plataforma de donación de criptografía para personas afectadas por COVID-19¿Qué es CoDi?CoDi, es una plataforma desarrollada por Banco de México para facilitar las transacciones de pago y cobro a través de transferencias electrónicas de forma rápidas, segura y eficiente, a través de teléfonos móviles.CoDi usa tecnología de código QR y NFC, para facilitar que comercios como usuarios, puedan realizar transacciones sin dinero en efectivo.Por otro lado, se prevé la llegada al mercado mexicano de más servicios financieros proporcionados por gigantes tecnológicos como Samsung Pay, Google Pay y Apple Pay, además de monedas electrónicas.Pagos digitales: Qué esperar post-COVID-19Aunque los pagos digitales en América Latina presentan matices en lo que se refiere a adopción los grandes y pequeños comercios se van sumando a la tendencia en el uso de medios “sanitarios” de pago, a fin de contrarrestar el contagio.El panorama económico navega aún en un mar incierto, pero los expertos ofrecen un pronóstico positivos para los pagos digitales post-COVID-19.La adopción de pagos digitales no se detendrá pues las personas han apreciado el comercio electrónico en términos de conveniencia. Centro de investigación en México advierte a ciudadanos encerrados que se mantengan alejados de CryptosLa coyuntura del coronavirus ha permitido que hoy los pagos digitales o contactless entren en vanguardia. Sin embargo, los actores consideran que el foco de atención ya no se centra en la creciente demanda, sino en cómo hacer sostenible estos canales a largo plazo.Tal y como ocurrió la revolución del internet y el smartphone, lo que se necesita es una adopción dramática de los pagos digitales.Sigue leyendo:Empresas mexicanas lanzan plataforma de donación de criptografía para personas afectadas por COVID-19Startup aporta funcionalidad de blockchain a la plataforma Steam GamingCentro de investigación en México advierte a ciudadanos encerrados que se mantengan alejados de CryptosEx miembros del GAFI se unen a la junta de asesores de empresa blockchainDespués de lanzamiento del Petro, respaldado por petróleo, el presidente de Venezuela dice que lanzará "Petro Oro", respaldada por oroEspaña: Realizarán una jornada sobre blockchain y sus aplicaciones a modelos de negocios, en Córdoba
- 07/02/2020
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Patriots rival thinks Jarrett Stidham will start over Cam Newton
- One AFC East coach doesn’t expect to spend much time game-planning for Cam Newton. Even though the Patriots just signed Newton — a former league MVP, No. 1 overall pick, Heisman Trophy winner…
- 07/01/2020
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TuSimple is laying the groundwork for a coast-to-coast autonomous trucking network
- Self-driving trucking is emerging from the shadow of the much larger robotaxi industry.
- 07/01/2020
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BMW Operating System 7 is its biggest update ever: Here’s what’s new
- BMW is readying its biggest infotainment update so far for imminent release, with broad-ranging changes including new mapping features, wireless Android Auto, and support for Apple’s upcoming…
- 07/01/2020
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Best Galaxy S8 Plus Cases and Covers
- Samsung's Galaxy S8 Plus smartphone is an attractive device, but it's expensive to fix. Here, we've rounded up the best Galaxy S8 Plus cases to date. We've got minimal cases, stylish cases, rugged cases, and a whole lot more to keep your phone free of scratches, cracks, and other kinds of damage.
- 07/01/2020
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The TCL 10L and Moto G Fast are solid budget phones, but which is the best?
- There are tons of low-cost Android phones to choose from in 2020, with the TCL 10L and Moto G Fast being two of the most appealing. Here's how the phones compare and which one we think you should ultimately buy!
- 07/01/2020
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Fitbit fitness tracker sales cut prices on Charge and Versa models
- Stay fit for less
- 07/01/2020
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The Best Compact Cameras to Buy in 2020
- Compact digital cameras used to come with a loss in quality, but these new options keep quality high and still leave room in your carry-on.
- 07/01/2020
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Ranking the NFL’s 10 best coaches (yes, Eagles’ Doug Pederson is above Rams’ Sean McVay)
- Who are the NFL's best coaches? Patriots' Bill Belichick, Chiefs' Andy Reid, Ravens' John Harbaugh and Saints' Sean Payton should top any list.
- 07/01/2020
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How this Hull business is helping restaurants keep customers safe
- Menu Tile makes COVID-19 secure ordering, collection and delivery simple
- 07/01/2020
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Vivo X50 series India launch teased, flagship phones could launch in July
- The new flagship series from Vivo consists of three phones, the Vivo X50, the Vivo X50 Pro, and the Vivo X50 Pro+.
- 07/01/2020
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The best Fitbit Versa prices and sales in July 2020
- Get the cheapest prices on the Fitbit Versa smartwatch.
- 07/01/2020
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Handheld Announces Major Upgrades to its Popular NAUTIZ X2 All-in-one Android Rugged Computer
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Handheld kündigt größere Neuerungen für den robusten All-in-One
Computer NAUTIZ X2 an
- Die Handheld Group, führender Hersteller robuster mobiler Computer, hat heute größere Neuerungen für den robusten Handcomputer Nautiz X2 angekündigt.
- 07/01/2020
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Schmackhafte Steuererleichterung fördert Mitarbeiterbindung und hilft der Gastronomie
- Sodexo begrüßt die Anhebung der Steuerfreibeträge für die Mitarbeiterverpflegung. Bis zu acht Euro pro Tag und Mitarbeiter bringen starken Effekt.
- 07/01/2020
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Universities Can Create a Safe Return to Campus This Fall with RRD’s Experience-Led Communications Solution
- R.R. Donnelley & Sons Company (RRD) (NYSE: RRD), a leading global provider of marketing and business communications, today introduced an integrate
- 07/01/2020
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Kodak's wireless iOS/Android Mini 2 Photo Printer drops to $45 (Reg. $80+) - 9to5Toys
- Adorama is offering the Kodak Photo Printer Mini 2 for $44.99 shipped. Regularly as much as $100, it typically sells for between $60 and $80 at Amazon and is now at the lowest price we can find. Today’s deal is also $5 below our previous mention. Compatible with both iOS and Android devices, this handy …
- 06/30/2020
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The Pixel 4 XL is great, but the Galaxy Note 10+ has a lot more to offer
- The Pixel 4 XL and Galaxy Note 10+ are two of the biggest and most powerful Android phones currently available, but it's clear to us that one of these stands out as the better choice for most people.
- 06/30/2020
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60 Hong Kong-Based Vending Machines Support McAfee's Ghost Token for Payments | Altcoins Bitcoin News
- 60 vending machines in Hong Kong will support the privacy-centric Ghost coin for payments, according to a recent announcement.
- 06/30/2020
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Una empresa blockchain israelí dice que inventó un botón para "deshacer" las transacciones de Bitcoin - ESP BlockBoard
- Una startup blockchain israelí de dos años dice que ha encontrado una manera de cancelar las transacciones de criptomonedas si se envían a la dirección incorrecta de la billetera. Kirobo, una startup blockchain israelí de dos años de antigüedad, anunció el 30 de junio que habían encontrado una manera de abordar los problemas relacionados con el error humano en las transacciones de criptomonedas.En una reciente encuesta de la Fundación Fio, el 55% de los encuestados informó haber experimentado errores humanos estresantes al enviar criptomonedas y el 18% informó la pérdida de fondos debido a tales errores.Afirman que la tecnología blockchain brindará más seguridad a las órdenes de pedido de B2B SafeComo tal, Kirobo ha inventado la "Retrievable Transfer" o "Transferencia Recuperable", una forma para que los remitentes cancelen una transacción que se envía a la dirección incorrecta. Kirobo proporciona un código único al remitente y el receptor tiene que ingresar la contraseña correspondiente para recibir la transferencia."Hasta que el destinatario haya proporcionado el código correcto, el remitente puede recuperar los fondos en cualquier momento [...] Kirobo no posee la clave privada del usuario y no tiene acceso alguno a los fondos o su destino: la contraseña simplemente gobierna si la transferencia está finalizada o no", dijo la startup.Una billetera de hardware NFC sin contacto autoriza las transacciones de criptomonedas con un toqueLa plataforma habría sido auditada por la empresa de inteligencia cibernética Scorpions Group y cuenta con el apoyo de la Autoridad de Innovación de Israel.El objetivo de su invención, según el CEO de Kirobo, Asaf Naim, es hacer que las transacciones de blockchain sean tan fáciles y seguras como la banca en línea. Retrievable Transfer es el primer producto lanzado por Kirobo, que busca agregar una capa lógica en blockchains que proteja a los usuarios de errores humanos.Un desarrollador hackea con éxito una billetera de Bitcoin para ganar un concursoKirobo dice que la función de Retrievable Transfer ahora está disponible en la billetera de criptomonedas Ledger para transacciones de Bitcoin (BTC), y supuestamente seguirá siendo gratuita para cantidades de transacciones de hasta USD 1,000.Sigue leyendo:Afirman que la tecnología blockchain brindará más seguridad a las órdenes de pedido de B2B SafeUna billetera de hardware NFC sin contacto autoriza las transacciones de criptomonedas con un toqueUn desarrollador hackea con éxito una billetera de Bitcoin para ganar un concursoÚltima patente de Walmart revela sistema de gestión de entregas basado en blockchainEjecutivo de UBS, Paul Donovan, ataca de nuevo a Bitcoin, las criptos de los estados son "fatalmente defectuosas"Facebook destaca la conformidad de Libra con la FinCEN en la audiencia del SenadoInvestigación de la FCA señala que 2,6 millones de residentes británicos han comprado criptomonedas
- 06/30/2020
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OPPO Find X2- A pinnacle of speed and performance, Uncover The #TrueFlagshipExperience
- With the world’s first commercialized 65W SuperVOOC 2.0 charging technology, the flagship Find X2 series is certainly a pinnacle of speed and performance, two qualities that weigh heavily on the success of smartphones in the years that follow.
- 06/30/2020
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How $2 Billion Went Missing | The Motley Fool
- A closer look at financial irregularities at Wirecard, a large German payment processor.
- 06/30/2020
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SBI Card & Visa’s new campaign captures how we can ‘Tap into the new normal’
- This latest video campaign from SBI Card & Visa beautifully encapsulates how we have been tapping into the new normal.
- 06/30/2020
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Latest Galaxy Watch 3 leak reveals all of the smartwatch’s key features
- A new leak has shed light on all the new software features that Samsung's upcoming Galaxy Watch 3 will offer. The smartwatch will come with several new watch faces, a revamped weather app, new music widget, information edges, and more.
- 06/30/2020
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Nedbank allows merchants to accept tap payments on their phones - TechCentral
- Nedbank now allows merchants to accept payments directly on their phones using tap-to-pay technology. It allows business owners to convert their mobile phones into payment acceptance devices.
- 06/30/2020
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Best Android Smartwatches: Wear OS, Samsung, more - 9to5Google
- If you're on the hunt for a watch for Android, you'll want to take a look at options from Samsung, Fossil, and more. Here are the Best Android Smartwatches.
- 06/29/2020
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A lot to like between the TicWatch C2+ and Pro 2020, but which to buy?
- It's become apparent that if you want a smooth experience on a Wear OS watch it needs to have 1GB RAM. Well, each of these watches does and they also share a lot of other features. One big difference is the cost between them. So which should you go with, is the extra money worth it? Let's find out.
- 06/29/2020
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PowerA Nano Enhanced Controller debuts with USB-C, more - 9to5Toys
- PowerA Nano Enhanced Controller debuts as the brand's latest Nintendo Switch controller with a full-featured design and compact form-factor.
- 06/29/2020
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PowerA Nano gives Nintendo Switch Pro Controller a smaller rival
- There’s no lack of Switch controllers out there, whether you’re looking for something from Nintendo itself or something licensed by third-party accessory makers. PowerA is one of those …
- 06/29/2020
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MaybankPay app to be discontinued from July 20
- Maybank said it is discontinuing its MaybankPay app on July 20 and suggested that users switch to the Maybank2u app’s QRPay feature instead to continue making contactless payments.
- 06/29/2020
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Microsoft Surface Duo to come with 'app group' multitasking feature
- Microsoft is reportedly working on a new feature called ‘app groups for its foldable smartphone Surface Duo that would allow users to create groups and let them launch two apps directly into a dual-screen session.
- 06/29/2020
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iOS 14 to macOS Big Sur and Apple Silicon, Top Announcements from WWDC 2020
- Here are the top announcements from WWDC 2020, highlighting new features coming to iPhones, iPads and Macs with the latest software updates
- 06/29/2020
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These 3 Companies Aren't Happy With Apple’s App Store | The Motley Fool
- Spotify and two other companies want Apple to justify its App Store fees.
- 06/29/2020
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SpeedPro Releases New Touchless Menu Technology for Restaurants and Bars - Small Business Trends
- THe new SpeedPro InfoLnkX touchless menu may be a simple solution for restaurants and bars facing the most restrictions on interactions with customers.
- 06/29/2020
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Microsoft Surface Duo foldable phone to allow users to use two apps at once
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OnePlus 8 Pro Sale Today on Amazon India and OnePlus.com: Price, Specifications, and More
- Here's your chance to purchase the flagship OnePlus 8 Pro from Amazon India or the OnePlus India official store. Read more for specifications, price and sale offers.
- 06/29/2020
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Which Should You Buy: Smartwatch or Fitness Tracker?
- What's the difference between a smartwatch and a fitness tracker? And which is right for you. We break it down.
- 06/29/2020
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Huawei Launches Huawei Pay Mobile Payment in Thailand - Fintech Singapore
- Huawei Mobile Services (HMS) collaborates with UnionPay to launch the Huawei Pay in Thailand.
- 06/29/2020
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BNI rangkul Gopay untuk isi ulang uang elektronik
- PT Bank Negara Indonesia (Persero) Tbk merangkul PT Dompet Anak Bangsa (GoPay) untuk isi ulang uang elektronik milik BNI yaitu TapCash.
Direktur Bisnis ...
- 06/29/2020
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FreightWaves Wins 4 Gold And 9 Total Azbees For Editorial Excellence
- FreightWaves captured nine American Society of Business Publication Editors (Azbee) awards, including a National Gold and four Regional Gold Awards.
The association, which...
- 06/29/2020
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Packers should use Jordan Love like Saints’ Taysom Hill: Brett Favre
- Brett Favre has been in Aaron Rodgers’ shoes, but still thinks Jordan Love should see some action this fall — just not at quarterback. While Rodgers sat behind Favre and rode the bench …
- 06/28/2020
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Apple : WWDC20 highlights | MarketScreener
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Is it payback time for Apple as the EU goes after its licences to print money? | John Naughton
- The giant faces a probe into its lucrative App Store and phone payment system
- 06/27/2020
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Assessment of COVID-19's Effect on Electric Trucks Market 2020-2024 | Presence of Government Initiatives and Availability of Subsidies to Augment Growth | Technavio
- The Global Electric Trucks Market will grow by 429.53 th units during 2020-2024
- 06/27/2020
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49ers sign first-round picks Javon Kinlaw, Brandon Aiyuk to 4-year deals
- The 49ers signed first-round draft picks Javon Kinlaw and Brandon Aiyuk to four-year deals, the team said Friday. The defending NFC champions made two trades during the draft, moving down one spot to take Kinlaw, a South Carolina defensive lineman at No. 14, and then up six spots to take Aiyuk, an Arizona State wide receiver, with the 25th selection. The picks help the 49ers fill two big holes created when defensive tackle DeForest Buckner was traded to Indianapolis and receiver Emmanuel Sanders left in free agency. Kinlaw was a Associated Press first-team All-American as a senior, when he had six sacks, 35 tackles and two fumble recoveries in 12 starts. Aiyuk had a breakout senior season and was named a third-team All-American after he had 65 catches for 1,192 yards and eight touchdowns. He also had 14 kickoff returns for 446 yards and 14 punt returns for 226 yards and one touchdown. ELSEWHERE Oregon schools drop ‘Civil War’ Oregon and Oregon State have agreed to drop the name “Civil War” for their rivalry games. Oregon State President Ed Ray said the Civil War name “represents a connection to a war fought to perpetuate slavery.” “While not intended as reference to the actual Civil War, OSU sports competition should not provide any misconstrued reference to this divisive episode in American history,” Ray said in a statement. Oregon athletic director Rob Mullins said former Oregon quarterback Dennis Dixon raised the issue of the name. The football game between Oregon and Oregon State has been played 123 times and is the fifth-most contested rivalry in the country. This season’s game is tentatively scheduled for Nov. 28 in Corvallis. Golf: Will...
- 06/26/2020
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49ers sign first-round picks Kinlaw, Aiyuk to 4-year deals
- SANTA CLARA, Calif. (AP) - The San Francisco 49ers have signed first-round draft picks Javon Kinlaw and Brandon Aiyuk to four-year deals, the team said Friday.
The defending NFC champion 49ers made two trades during the draft, moving down one spot to take Kinlaw, a defensive lineman out of South Carolina at No. 14, and then up six spots to take Aiyuk, a wide receiver from Arizona State with the 25th selection.
The picks help the 49ers fill two big holes created when star defensive tackle DeForest Buckner was traded to Indianapolis and receiver Emmanuel Sanders left in free agency.
Kinlaw was a first-team Associated Press All-American as a senior, when he had six sacks, 35 tackles and two fumble recoveries in 12 starts.
Aiyuk had a breakout senior season and was named a third-team All-American after making 65 catches for 1,192 yards and eight touchdowns. He also had 14 kickoff returns for 446 yards and 14 punt returns for 226 yards and one touchdown.
- 06/26/2020
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49ers sign first-round picks Kinlaw, Aiyuk to 4-year deals
- SANTA CLARA, Calif. (AP) — The San Francisco 49ers have signed first-round draft picks Javon Kinlaw and Brandon Aiyuk to four-year deals, the team said Friday. The defending NFC champion...
- 06/26/2020
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‘Racism is as American as apple pie.’ Portland saxophonist Mike Phillips discusses importance of his national anthem performance at this weekend’s NASCAR race
- Phillips saw the action being taken against racism by NASCAR and Bubba Wallace, and he wanted to be a part of the sport's efforts to change its culture.
- 06/26/2020
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Could Xiaomi Mi Band 5 fitness tracker have Amazon Alexa when it rolls out worldwide?
- It looks like it
- 06/26/2020
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Navistar Taps COO Lisboa as CEO, Clarke Executive Chairman
- Navistar named its operations chief, Persio Lisboa, as CEO of the construction and farm machinery stalwart. Troy Clarke becomes executive chairman.
- 06/26/2020
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How does the TCL 10 Pro hold up against the iPhone SE?
- Affordable phones have never been better, and both the TCL 10 Pro and iPhone SE offer tremendous value at a relatively low cost. You'll be well-served by either phone, but there's plenty more to consider than just the software differences when considering these options.
- 06/26/2020
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Navistar names Persio Lisboa as CEO
- Navistar International Corp named insider Persio Lisboa as its chief executive officer, effective July 1, the U.S. truck maker said on Friday.
- 06/26/2020
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El Xiaomi Redmi Note 9 está a su precio mínimo histórico en Amazon: ya se vende por solo 170 euros
- No han tenido que pasar meses para que Xiaomi rebaje de precio del Xiaomi Redmi Note 9. Ya se puede conseguir por tan solo 170 euros en Amazon.
- 06/26/2020
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Navistar names Persio Lisboa as CEO
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Xiaomi Mi Smart Band 5 to launch in India soon: Expected date, price
- Looking at the past launch schedules of its predecessors (Mi Band 4 and Mi Band 3), the Xiaomi Mi Band 5 will likely arrive in September 2020.
- 06/26/2020
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Navistar Appoints Persio V. Lisboa President And Chief Executive Officer
- Navistar International Corporation (NYSE: NAV) today announced that its board of directors has appointed Persio V. Lisboa president and chief executive officer. Troy A. Clarke, who has held the roles of Navistar president, chief executive officer and member of the board of directors since April 2013 and chairman of the board of directors since February 2017, will continue to serve the company in the newly created position of executive chairman. These changes are effective July 1, 2020.
- 06/26/2020
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Liverpool fan in a MANKINI falls from lamp post trying to plant flag
- There were concerns for the welfare of one fan after they fell off the top of a ladder celebrating the title triumph while trying to plant a Liverpool flag on a lamp-post.
- 06/26/2020
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Mi Band 5 gets great reviews in China but other markets might have to wait
- In China, the non-NFC Mi Band 5 costs RMB 189, which is around Rs 2,000 in India or around $27. The NFC variant, on the other hand, costs RMB 229 (approximately Rs 2,500 or $33).
- 06/26/2020
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NGRAVE Raises Over €320,000 via Rewards Campaign, Plans to Launch Secure Solutions for Digital Asset Wallets
- NGRAVE, a digital asset security company that claims it has developed the world’s most secure cryptocurrency hardware wallet, has revealed that they’ve cros
- 06/26/2020
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This is probably the world’s most secure smartphone right now
- Meet Bittium’s Tough Mobile 2C
- 06/26/2020
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[App Fridays] Apple introduces new tools for developers to get ‘more power’ at WWDC 2020
- At WWDC 2020, Apple announced new tech and tools to “foster the next generation of apps”, further empowering the developers in its ecosystem.
- 06/26/2020
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Navistar names Persio Lisboa as CEO
- Navistar names Persio Lisboa as CEO
- 06/26/2020
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ADOMANI(R) Joins National Zero-Emission Truck Coalition | | IT Business Net
- National Coalition of Heavy Truck Leaders Calls for Major Federal Role, Investments to Support U.S. Leadership in Zero-Emission Trucks CORONA, CA / ACCESSWIRE / June 25, 2020 / ADOMANI, Inc. (OTCQB:AD
- 06/25/2020
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Kurtenbach: Why 49ers star George Kittle won’t land the massive contract he wants
- George Kittle is one of the most valuable players in the NFL, but the 49ers have a well-established reputation and a few tricks up their sleeve in contract negotiations.
- 06/25/2020
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El Realme X3 ya es oficial: precios y todas sus características de hardware
- El smartphone acaba de ser presentado por los chinos.
- 06/25/2020
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Navistar Virtually Breaks Ground On San Antonio Manufacturing Facility, Slated To Begin Vehicle Production Early 2022
- Navistar International Corporation (NYSE: NAV), a leading maker of International® brand commercial trucks, proprietary diesel engines and IC Bus® brand school and commercial buses, today joins the City of San Antonio, Bexar County and the San Antonio Economic Development Foundation (SAEDF) in a virtual groundbreaking ceremony to celebrate construction of Navistar's new industry-leading manufacturing facility in San Antonio. The virtual groundbreaking ceremony can be viewed at https://youtu.be/CoqC6erF-x8.
- 06/25/2020
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Best cameras for vlogging 2020: 11 great choices for video creators
- Our pick of the very best vlogging cameras
- 06/25/2020
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Drug Delivery Systems Market to Hit USD 45.20 Billion by 2027; Rising Demand for Efficient Drug Delivery for Complex Conditions to Fuel the Market: Fortune Business Insights™
- The global drug delivery systems market size is projected to reach USD 45.20 billion by 2027, exhibiting a CAGR of 6.8% during the forecast period. Increasing
- 06/25/2020
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New leak gives us our best look yet at the Samsung Galaxy Watch 3
- The first press render of the upcoming Galaxy Watch 3 has been leaked online, revealing a familiar design. While the upcoming watch will have similar specs to the Galaxy Watch Active 2, its design will be nearly identical to the original Galaxy Watch.
- 06/25/2020
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The best smartwatch prices, deals and sales in June 2020
- The very best smartwatch prices and deals in 2020
- 06/25/2020
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शानदार! आईफोन से लॉक-अनलॉक कर पाएंगे कार, आ रहे हैं ये जबरदस्त फीचर्स
- ऐपल (Apple) ने वर्ल्ड वाइड डेवपलर्स कॉन्फ्रेंस के दौरान आईओएस 14 (iOS 14) से जुड़े कई जबरदस्त फीचर की घोषणा की. इसमें नए विजेट्स और ऐप गैलरी के साथ वायरलेस तरीके से कार को लॉक, अनलॉक और स्टार्ट करने वाला फीचर भी जोड़ा गया है. इस फीचर का नाम है कार की (Car Key).
- 06/25/2020
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Apple : WWDC20 highlights | MarketScreener
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Os motivos para BC e Cade suspenderem o uso do WhatsApp para pagamentos - e o que isso representa para a Cielo
- Alta de 28% nas ações em 7 sessões foi interrompida e, ainda que decisão seja revertida, Cielo pode perder um período precioso para reduzir queda de margens
- 06/24/2020
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Apple’s Core ML now lets app developers update AI models on the fly
- Apple's Core ML can now update AI models without the need to ship an App Store update, while Create ML now has an action classification template.
- 06/24/2020
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Special Report: Inside Iran’s secret project to produce aluminium powder for missiles
- LONDON (Reuters) - At the edge of the desert in North Khorasan province in northeast Iran, near the country’s largest deposit of bauxite, sits an aluminium production complex that the government has publicly hailed as a key part of its efforts to boost output of the metal.
- 06/24/2020
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Millones de datos de usuarios de Telegram expuestos en la darknet - ESP BlockBoard
- La función de importación de contactos incorporada de Telegram fue explotada para filtrar los datos personales de millones de usuarios a la darknet. Telegram, una importante aplicación de mensajería centrada en la privacidad, ha sufrido una fuga de datos que expuso algunos datos personales de sus usuarios en la darknet.Se ha publicado una base de datos que contiene los datos personales de millones de usuarios de Telegram en un foro darknet. El problema fue reportado inicialmente por la publicación tecnológica rusa Kod.ru el martes.Según el informe, la base de datos contiene números de teléfono e identificaciones de usuario únicas de Telegram. No está claro exactamente cuántos datos de usuarios se filtraron mientras el archivo de la base de datos es de aproximadamente 900 megabytes.El CEO de Telegram dice que la resistencia global a las prohibiciones de la tecnología apenas está "empezando"Alrededor del 40% de las entradas en la base de datos deberían ser relevantesTelegram habría reconocido la existencia de la base de datos filtrada a Kod.ru. La base de datos se recopiló mediante la explotación de la función incorporada de importación de contactos de Telegram al momento de registro, según los informes de Telegram.Telegram señaló que los datos en la base de datos filtrada están desactualizados. De acuerdo al informe, el 84% de las entradas de datos en la base de datos se recopilaron antes de mediados de 2019. Como tal, al menos el 60% de la base de datos está desactualizada, declaró Telegram en el informe.Fundador de Telegram critica a Facebook e Instagram por permitir que las estafas prosperenAdemás, el 70% de las cuentas filtradas provino de Irán, mientras que el 30% restante se basó en Rusia.Al cierre de esta edición, Telegram no ha respondido a la solicitud de comentarios de Cointelegraph. Este artículo se actualizará si responden.Solo la última fugaEsta no es la primera vez que se filtran los números de teléfono de los usuarios de Telegram. En agosto de 2019, activistas de Hong Kong informaron sobre una vulnerabilidad que expuso sus números de teléfono, lo que permitió a las agencias policiales chinas rastrear las identidades de los manifestantes.El CEO de Telegram dona 10 BTC a un proyecto de caridad en RusiaEn respuesta a la vulnerabilidad, Telegram amplió las herramientas de privacidad del usuario en septiembre de 2019. Específicamente, Telegram introdujo una función que permite a los usuarios no mostrar su número de teléfono a nadie. La descripción de la función dice:"Si configuras quién puede ver mi número de teléfono en 'Nadie', aparecerá una nueva opción a continuación, que te permitirá controlar su visibilidad para aquellos que ya lo tienen. Establecer Quién puede encontrarme por mi número en 'Mis contactos' garantizará que los usuarios aleatorios que agreguen su número como contacto no puedan hacer coincidir su perfil con ese número".El informe llega poco después de que las autoridades rusas levantaran la prohibición de dos años de la aplicación Telegram en el país. Posteriormente, algunos informes describieron ciertas anomalías en Telegram que supuestamente comprometieron la seguridad de sus clientes.Sigue leyendo: El CEO de Telegram dice que la resistencia global a las prohibiciones de la tecnología apenas está "empezando"Fundador de Telegram critica a Facebook e Instagram por permitir que las estafas prosperenEl CEO de Telegram dona 10 BTC a un proyecto de caridad en RusiaSIS International Research abre la división de consultoría blockchainFirma de ciberseguridad: jugadores de Fortnite son blanco de software malicioso que roba direcciones BTCLa próxima frontera en la tecnología Blockchain: optimización de escala y comercialUna billetera de hardware NFC sin contacto autoriza las transacciones de criptomonedas con un toque
- 06/24/2020
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Una billetera de hardware NFC sin contacto autoriza las transacciones de criptomonedas con un toque - ESP BlockBoard
- Una nueva billetera de hardware de criptomonedas almacena claves privadas de forma segura y completamente aisladas, mientras que la tecnología NFC permite la autorización de transacciones a través de un dispositivo móvil. Keycard es una nueva billetera de hardware del tamaño de una tarjeta de crédito con comunicación de campo cercano (NFC) para autorizar transacciones de criptomonedas. En el lanzamiento, presenta integración con la app de mensajería privada combinada/billetera/navegador DeFi, Status App, aunque se planean más integraciones.El equipo de Keycard también ha lanzado una interfaz de programación de aplicaciones (API) abierta y kits de desarrollo de software (SDK) para Android, iOS y Go, para que los desarrolladores puedan incorporar la funcionalidad de Keycard en cualquier aplicación que requiera autorización u otra autenticación de usuario.Ngrave revela más detalles sobre el criptomonedero hardware más seguro del mundoAlmacenamiento seguro y comunicación de claves privadasLa seguridad es la clave. De hecho, cuando se trata de la seguridad de las criptomonedas, literalmente todo depende de la clave privada utilizada para acceder a tu cuenta. Una de las opciones más seguras para almacenar claves privadas es usar una billetera de hardware, y ciertamente hay un número cada vez mayor para elegir.Sin embargo, el método para compartir claves y/o autorizar transacciones entre la billetera de hardware y el front-end móvil o de escritorio difiere mucho entre dispositivos. Desde las primeras billeteras conectadas por USB, hasta las versiones inalámbricas con Bluetooth, e incluso el recientemente anunciado NGRAVE que se comunica solo a través de códigos QR visuales.PlusToken mueve 67 millones de dólares a una billetera desconocida, señalando un posible vertido de EOSLa Keycard utiliza NFC para permitir la autorización de transacciones simplemente tocando la billetera del tamaño de una tarjeta de crédito contra su dispositivo móvil. Mientras tanto, las claves permanecen almacenadas de forma segura en el propio dispositivo.¿Cuál es el status?Keycard es producida por Status Network, que también desarrolla la Status App con la que se integra en el lanzamiento. La Status App combina la funcionalidad de mensajería privada, una billetera Ethereum que admite tokens ERC-20 y ERC-721 y un navegador web descentralizado.El desarrollador que hackeó con éxito una billetera de Bitcoin asegura que Bitcoin todavía es seguroSin embargo, el lanzamiento de la API y los SDK permiten que la tecnología se implemente fácilmente en una gran cantidad de billeteras y otras aplicaciones. Ya sea para almacenar claves privadas y autorizar transacciones, o como parte de un sistema de autenticación de dos factores.El gerente de proyectos de Keycard, Guy-Louis Grau, cree que el uso de dicha tecnología debería convertirse en el estándar de la industria:"Como un proyecto con una API de código abierto, creemos que el modelo Keycard será un estándar de la industria para todo tipo de productos que esperan que las personas normales interactúen directamente con su criptomoneda. Tocar una tarjeta de acceso contra tu teléfono como una capa adicional de autorización y propiedad de tus claves privadas debería ser la norma cada vez que alguien quiera iniciar sesión, enviar dinero, almacenar valor y más".Otro beneficio sobre las tecnologías cada vez más complejas empleadas por otros fabricantes de billeteras para asegurar las claves privadas es el precio, ya que una tarjeta de acceso habilitada con NFC cuesta solo USD 32.Sigue leyendo:Ngrave revela más detalles sobre el criptomonedero hardware más seguro del mundoPlusToken mueve 67 millones de dólares a una billetera desconocida, señalando un posible vertido de EOSEl desarrollador que hackeó con éxito una billetera de Bitcoin asegura que Bitcoin todavía es seguroCoinbase Custody incluye a expertos reguladores de la banca de Nueva York a su junta directivaABCC se asocia con Tron para convertirse en la primera plataforma en listar los tokens TRC10Trezor insta a precaución tras descubrimiento de que "copias una por una" de monedero hardware están a la venta¿Las finanzas descentralizadas son una burbuja? Se culpa a un vendedor mientras COMP cae un 45% en Coinbase
- 06/24/2020
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Businesses must avoid becoming the avoided - CityAM
- On top of a tragic human toll, the COVID-19 pandemic has battered businesses – especially small ones. This is evidenced
- 06/24/2020
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Apple Introduces a Host of iOS Upgrades. Here's What Investors Need to Know. | The Motley Fool
- The iPhone maker continues to innovate, bringing new features to its flagship device.
- 06/24/2020
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Consigue un portátil Lenovo con la compra de un Moto G Pro en Amazon
- Podrás participar en este sorteo por tiempo limitado.
- 06/24/2020
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Apple iOS 14: Everything New That is Coming to Your iPhone
- Here is a quick look as to what's in the store for you once you update to the new iOS 14 update.
- 06/24/2020
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Apple stock falls after report says Justice Department looking at App Store investigation
- Apple Inc. undefined could face heightened antitrust scrutiny in the U.S. as the Department of Justice and state attorneys general are looking at an...
- 06/24/2020
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Special Report: Inside Iran’s secret project to produce aluminium powder for missiles
- At the edge of the desert in North Khorasan province in northeast Iran, near the country’s largest deposit of bauxite, sits an aluminium production complex that the government has publicly hailed as a key part of its efforts to boost output of the metal.
- 06/24/2020
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Panasonic TOUGHBOOK A3 review: The Android tablet made for first-responders
- Panasonic's new TOUGHBOOK A3 is a 10.1-inch Android tablet built for police, EMT, military, and government officials. It's tough as hell, lasts all day, has built-in dual LTE abilities, and can be used in the rain. Here's our full review!
- 06/24/2020
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AAPL Stock Hits Record High of Over $370, Apple Dumps Intel Processors
- A hopefully profitable move away from Intel, announced by Apple CEO Tim Cook, has pushed the company's stock to a new all-time record high.
- 06/24/2020
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Special Report: Inside Iran’s secret project to produce aluminium powder for missiles
- At the edge of the desert in North Khorasan province in northeast Iran, near the country’s largest deposit of bauxite, sits an aluminium production complex that the government has publicly hailed as a key part of its efforts to boost output of the metal.
- 06/24/2020
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Special Report: Inside Iran’s secret project to produce aluminium powder for missiles
- At the edge of the desert in North Khorasan province in northeast Iran, near the country’s largest deposit of bauxite, sits an aluminium production complex that the government has publicly hailed as a key part of its efforts to boost output of the metal.
- 06/24/2020
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Special Report: Inside Iran’s secret project to produce aluminium powder for missiles
- At the edge of the desert in North Khorasan province in northeast Iran, near the country’s largest deposit of bauxite, sits an aluminium production complex that the government has publicly hailed as a key part of its efforts to boost output of the metal.
- 06/24/2020
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