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NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba”) today announced that it has entered into a standstill agreement with Virtus Investment Advisers, LLC and Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) (the “Fund”). In connection with the agreement, the Fund will commence a cash self-tender offer to purchase up to 25% of its outstanding common shares. All shareholders will have the opportunity to tender some or all of t...

NEW YORK--(BUSINESS WIRE)--DWS, a leading European asset manager with global reach, today announced the impending closure and liquidation of two Xtrackers ETFs: Xtrackers Risk Managed USD High Yield Strategy ETF (NYSE: HYRM) and Xtrackers California Municipal Bond ETF (NASDAQ: CA). Xtrackers Risk Managed USD High Yield Strategy ETF is listed on NYSE. After the close of business on May 7, 2026, the fund will no longer accept creation orders and will end trading. The fund will accept redemption o...

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) (the “Fund”) today announced that its Board of Trustees has approved a tender offer (“Tender Offer”) intended to enhance shareholder value, provide shareholders with an additional source of liquidity for their investment, and provide the potential to reduce the Fund’s trading discount to its net asset value per share (“NAV”). Pursuant to the terms of the Tender Offer, the Fund will offer to purch...

BOSTON--(BUSINESS WIRE)--Eaton Vance Limited Duration Income Fund (NYSE: EVV), Eaton Vance Senior Floating-Rate Trust (NYSE: EFR), and Eaton Vance Senior Income Trust (NYSE: EVF) (each a “Fund,” and together, the “Funds”) announced that the Board of Trustees of each Fund has authorized each Fund to conduct a voluntary tender offer for up to 100% of its outstanding auction preferred shares (“APS”) at a price per share equal to 98% of the APS liquidation preference of $25,000 per share (or $24,50...

NEW YORK--(BUSINESS WIRE)--Star Mountain Capital, LLC ("Star Mountain"), a rapidly growing, employee-owned investment firm with ~$5 billion in assets under management (“AUM”), is pleased to announce that it has been named Lower Mid-Market Lender of the Year at the Alternative Credit Investor Awards North America. The Alternative Credit Awards recognize the most influential fund managers and service providers shaping the alternative credit space in North America. While many of this year’s top ho...

MIAMI--(BUSINESS WIRE)--Arcadia Capital is pleased to announce the appointment of Josh Ruder as a Managing Director. Josh joins the firm's senior advisory team, deepening Arcadia's coverage of technology and tech-enabled services companies across the global M&A and growth capital markets. He will be based in Los Angeles. Josh brings more than a decade of experience spanning strategic M&A, private equity investing, and technology-focused advisory. He joins Arcadia Capital from AIM Equity...

LA JOLLA, Calif.--(BUSINESS WIRE)--AlphaCore Wealth Advisory (AlphaCore), an independent registered investment advisory firm, has been named to InvestmentNews’ 2026 Best Places to Work ranking. In an era when the meaning of work is too often reduced to output alone, AlphaCore Wealth Advisory offers a thoughtful counterbalance where culture is not a slogan or a passing ideal. It is a discipline, lived and upheld in the way the firm operates. This belief is brought to life through the AlphaCore A...

SEATTLE--(BUSINESS WIRE)--ShareBuilder 401k, a pioneer in affordable, all-ETF retirement solutions for small and mid-size businesses including the self-employed, today announced the addition of Roth 401(k) deferrals to its proprietary Solo 401(k) platform called Solo 401(k) Saver. The Roth 401(k) feature enables business owners and any employees to make post-tax contributions to their 401(k) accounts no matter how much they earn, allowing for tax-free withdrawals of both contributions and earni...

NEW YORK--(BUSINESS WIRE)--Sideline Group announced the close of its debut fund, Sideline Group Fund I (“Fund I”), with $155 million in committed capital to Fund I and its affiliated investment vehicles. Sideline is an investment firm that partners with culture-setting brands and experiences at the intersection of consumer, sports, and media & entertainment. Fund I is backed by a diverse group of institutional investors, including a leading US university endowment, funds of funds, and famil...

CHEYENNE, Wyo.--(BUSINESS WIRE)--Payward, a unified financial infrastructure platform advancing an open, global financial system, today announced it has entered into a definitive agreement to acquire Bitnomial, the first fully CFTC-licensed derivatives company in the United States built for digital assets, for up to $550 million payable in cash and stock, in a transaction that values Payward's equity at $20 billion. Bitnomial is the first crypto-native exchange in the United States to hold all...