Virtus Investment Partners (Nasdaq: VRTS), which operates a multi-manager asset management business, has launched the Virtus International Equity Fund (Class A: VIEAX).

(Logo:  http://photos.prnewswire.com/prnh/20090105/NEM020LOGO)

(Logo:  http://www.newscom.com/cgi-bin/prnh/20090105/NEM020LOGO)

The new fund is subadvised by Pyrford International, a London-based investment management firm with a strong history of utilizing a benchmark-agnostic, high-quality approach to international investing.

"Broadening exposure to international markets is a strategy that many financial advisors and their clients embrace," said Frank Waltman, executive vice president, product management, at Virtus.  "The addition of the Pyrford-managed fund will complement our existing product line and offer our clients greater choice for the international allocation in their portfolio."

The fund invests in 15-20 countries in both developed and emerging markets.  The investment process begins with country selection, which Pyrford believes is the greatest driver of alpha and the most significant contributor to beta reduction.  At the stock level, a disciplined, fundamental process is employed to identify companies that offer specific value to the portfolio, relative to their potential long-term earnings growth.  

"Pyrford is very excited about this new opportunity to make our international equity strategy available to retail clients in the U.S.  For more than a decade, our strategy has a proven track record of delivering excellent long-term investment returns with reduced risk," said Tony Cousins, CFA, joint chief investment officer of Pyrford International.  "We look forward to working with Virtus in launching this new product and building a long-term relationship that will benefit both of our organizations and, most importantly, our mutual clients."  

The fund is co-managed by Cousins; Bruce Campbell, chief executive officer and joint chief investment officer; Paul Simons, CFA, head of portfolio management, Asia Pacific; and Daniel McDonagh, CFA, head of portfolio management, Europe/UK.  

About Pyrford International and Harris Investment Management, Inc.

Pyrford International, a wholly owned subsidiary of the Bank of Montreal, is an investment management firm based in the United Kingdom providing international asset management services for its clients.  Pyrford is part of BMO's private client group, which provides wealth management services in North America and the markets in which Pyrford additionally operates: Middle East, UK and Europe. Both Pyrford International and Harris Investments are registered investment advisors with the SEC.  Harris Investments is wholly owned by Harris Bankcorp Inc., which is an indirect wholly owned subsidiary of Bank of Montreal.  Pyrford and Harris Investments are part of BMO Asset Management™, the umbrella group for BMO Financial Group's institutional investment management companies, which offer a range of investment management products and services to retail and institutional clients globally.  

About Virtus Investment Partners, Inc.

Virtus Investment Partners (Nasdaq: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors.  The company, which had $25.1 billion under management as of June 30, 2010, provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process and individual brand.  Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs.  Additional information can be found at www.virtus.com.

Investors should carefully consider the investment objectives, risks, charges and expenses of any Virtus Mutual Fund before investing. The prospectus contains this and other information about a fund. Please contact your financial representative, call 1-800-243-4361, or visit www.virtus.com to obtain a current prospectus. You should read the prospectus carefully before you invest or send money.

Important risk considerations: Investing internationally, especially in emerging markets, involves additional risks such as currency, political, accounting, economic, and market risk.

Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.

Mutual Funds distributed by VP Distributors, Inc., member FINRA and subsidiary of Virtus Investment Partners, Inc.

SOURCE Virtus Investment Partners

Back to top

RELATED LINKS
http://www.virtus.com

ALPS Advisors, Inc. (ALPS), a leading provider of advisory solutions to the investment management industry, has announced that shareholders of the RiverFront Long-Term Growth Fund have approved the reorganization of the Fund into the ALPS-sponsored Financial Investors Trust.

The ALPS fund will effectively assume the assets of the RiverFront Long-Term Growth Fund currently offered as a series of Baird Funds, Inc. following the close of business Friday, September 24. The predecessor fund has the same sub-adviser, investment objective, and investment strategy as the new ALPS offering. ALPS had previously registered five share classes, including Investor Class and L Class shares, to reflect the expected fund 'adoption'.

In August, ALPS partnered with RiverFront Investment Group on the launch of the RiverFront Global Allocation Series. The RiverFront Long-Term Growth Fund will round out the Series that currently offers:

  • RiverFront Moderate Growth Fund,
  • RiverFront Long-Term Growth & Income Fund, and
  • RiverFront Moderate Growth & Income Fund.

"We've been looking forward to the arrival of the RiverFront Long-Term Growth Fund to the ALPS lineup," said Corey Dillon, Senior Vice President and Director of Advisory Services for ALPS Advisors, Inc. "The marketplace has enthusiastically embraced the RiverFront investment approach, and we're eager to go forward with the full Global Allocation Series."  

Richmond, Va.-based RiverFront was formed in April 2008 by a team of investment professionals from Wachovia Securities, including former chief investment officer Michael Jones, former chief investment strategist, Rod Smyth, former chief equity strategist Doug Sandler, and Pete Quinn, former president of the Private Client Group. Messrs. Jones, Smyth, and Sandler, along with Tim Anderson, RiverFront's Chief Fixed Income Officer, will serve as co-portfolio managers for the Fund.

The $55 million RiverFront Long-Term Growth Fund was launched in October 2008 with an objective of long-term capital appreciation. The portfolio is built around a strategic and tactical global allocation that allocates investments to large-, small-, and mid-cap stocks, international securities, including emerging markets, and other investments. The Fund, similar to all RiverFront-managed offerings, will rely on the firm's proprietary Price Matters™ optimization process for global security selection.

"We're a portfolio management team that's worked together for many years, and we're proud of the job RiverFront has done so far in meeting the needs of advisors and their clients," said Michael Jones, CIO of RiverFront. "We're particularly excited about this partnership with ALPS, and we look forward to success from our combined efforts."

The RiverFront Long-Term Growth Fund will be offered in multiple share classes covering institutional and retail audiences and will be available on most mutual fund platforms and through financial intermediaries.

About ALPS Advisors, Inc.

ALPS Advisors, Inc. conducts business across three primary business lines: Asset Servicing, Asset Gathering, and Asset Management. Headquartered in Denver with offices in Boston, New York, and Seattle, ALPS has been providing various services to the mutual fund industry for nearly 25 years. As of June 30, 2010, the firm manages more than $1.5 billion in assets and provides servicing to more than $220 billion in client assets. For more information about ALPS and the services available, visit www.alpsinc.com, and for additional information about ALPS products, visit www.alpsfunds.com.

About RiverFront Investment Group, LLC

RiverFront Investment Group, LLC is an independent investment advisor located in Richmond Virginia. Majority owned by its employees, the firm provides asset management, investment advice, and leading-edge market insights. RiverFront's minority investors include Robert W. Baird & Co. and Private Advisors. For more information, visit www.riverfrontig.com.

An investor should consider investment objectives, risks, charges, and expenses carefully before investing. The Prospectus contains this and other information. For more complete information about the RiverFront Long-Term Growth Fund or to obtain a Prospectus, call (866) 759-5679. Please read the Prospectus.

An investment in the Fund involves risk, including loss of principal.

The performance of the Fund relative to its benchmark will depend largely on the decisions of the RiverFront Investment Group, LLC (the "Sub- Adviser" or "RiverFront") as to strategic asset allocation and tactical adjustments made to the asset allocation. At times, RiverFront's judgments as to the asset classes in which the Fund should invest may prove to be wrong, as some asset classes may perform worse than others or the equity markets generally from time to time or for extended periods of time. The performance of the Fund is related to the economic sectors that RiverFront may choose to emphasize or deemphasize from time to time, as well as to the individual securities selected by RiverFront within those sectors. The investment returns for particular economic sectors will fluctuate and may be lower than other sectors. In addition, the individual securities chosen for investment within a particular sector may underperform other securities within that same sector. Certain stocks selected for the Fund's portfolio may decline in value more than the overall stock markets. The RiverFront Global Allocation Series is not suitable for all investors. Subject to investment risks, including possible loss of the principal amount invested.

The Funds are distributed by ALPS Distributors, Inc.

Corey Dillon and Tom Carter are Registered Representatives of ALPS Distributors, Inc.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Andrew Gansler

https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=62044

Terrence Thomas

https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=62047

Media Contact

Tom Carter, President


ALPS Advisors, Inc.

1290 Broadway

Suite 1100

Denver, CO 80203

303.623.2577 TEL

303.623.7850 FAX

www.alpfunds.com



SOURCE ALPS Advisors, Inc.

Back to top

RELATED LINKS
http://www.alpsinc.com/

Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), announced today the launch of Eaton Vance Global Macro Absolute Return Advantage Fund (Class A: EGRAX, Class C: EGRCX, Class I: EGRIX), a new mutual fund managed for total return.  Designed to complement traditional asset classes, the new Fund employs a flexible strategy that provides wide-ranging exposure to global investment opportunities, including many typically unrepresented in conventional investor portfolios.  

As an absolute return fund, the Fund benchmarks performance primarily against short-term cash instruments and expects to provide returns over the long term that are substantially independent of movements in the stock and bond markets. In making investment decisions on behalf of the Fund, Eaton Vance utilizes macroeconomic and political analysis to identify opportunities throughout the world in both developed and emerging markets.  The Fund's investments will normally consist primarily of positions in the debt, currencies and interest rates of sovereign nations. The Fund may also invest in corporate debt and equity, municipal obligations and commodities-related investments. Under normal market conditions, the Fund invests at least 40% of its net assets in foreign investments and may have significant exposure to foreign currencies and derivative instruments.

"We're country pickers," said Michael Cirami, co-portfolio manager. "We seek to identify disconnects between a country's fundamentals and the pricing of assets in its investment markets." The Fund's flexible strategy allows for implementation of long positions in markets believed to be strong or improving, but also short positions as well. "Deteriorating markets can often represent some of the most compelling opportunities. Narrower mandates could miss them."

The Fund is managed by Eaton Vance's Global Fixed Income group, also responsible for managing the firm's Global Macro Absolute Return, Strategic Income, Emerging Markets Local Income and International Income Funds, which had combined assets under management of $11 billion as of August 31, 2010.  Relative to the original Global Macro Absolute Return Fund, the new Fund differs in two principal respects: first, a reduced exposure to investments in frontier markets, thereby freeing the Fund from capacity constraints that limit growth potential of the original product; and second, the targeting of higher levels of potential return and a willingness to accept commensurately higher performance volatility.  

"Our original Global Macro strategy gained wide popularity based on its consistently positive returns, low volatility and low correlation to most other asset classes," said Christopher Remington, Director of Fixed Income Product Management at Eaton Vance. "But investors have expressed significant interest in accessing a higher-return-potential fund that incorporates a similar approach to global markets."

"Global Macro Absolute Return Advantage will own larger and more concentrated positions in countries about which we have strong conviction," said Remington.  "The tradeoff with larger exposures is increased potential volatility, though we expect similarly low correlation to traditional equity and fixed-income markets.  From a business perspective, the new Fund allows us to build our position as a leading global macro manager."

Portfolio manager Michael Cirami discusses Eaton Vance's global macro investment philosophy and approach to risk management at boston.videolinktv.com/extranet/ev_aug27.  A new micro-site, www.eatonvance.com/gfi, provides additional information about absolute return investing and the firm's global macro investment approach.  

Eaton Vance is one of the oldest investment management firms in the United States, with a history dating to 1924.  Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

About Risk – The following is a summary of the primary risks of investing in the Fund. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, or other conditions. In emerging countries, these risks may be more significant. Derivatives instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses),  and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty and liquidity risk. Investments in income securities may be affected by changes in the real or perceived creditworthiness of their issuer and are subject to the risk of non-payment of principal and interest. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments rated below investment grade (typically referred to as "junk bonds") are generally subject to greater price volatility and illiquidity than higher rated investments and typically have greater credit risk. Because investments may be concentrated in a particular geographic region or country, the value of Fund shares may fluctuate more than that of a less concentrated fund. The value of commodities investments will generally be affected by overall market movements and factors specific to a particular industry or commodity including weather, embargoes, tariffs, or health, political, international and regulatory developments. A "non-diversified" fund may be exposed to greater risk by investing it assets in a smaller number of investments than a diversified fund. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.

Before investing, investors should consider carefully the investment objective, risks, charges and expenses of a mutual fund. This and other important information is contained in the prospectus or summary prospectus, if available, which can be obtained from a financial advisor. Prospective investors should read the prospectus carefully before investing.

Not FDIC Insured.  Not Bank Guaranteed.  May Lose Value.

The Funds are distributed by Eaton Vance Distributors, Inc. Two International Place, Boston, MA 02110

SOURCE Eaton Vance

Back to top

RELATED LINKS
http://www.eatonvance.com

SEI (Nasdaq: SEIC) announced today that it has been selected by Sands Capital Management to provide full-service operational outsourcing for the firm's recently created U.S. mutual fund and Dublin-based UCITS (Undertakings for Collective Investment in Transferable Securities) offerings. SEI's ability to provide fully scalable and industry-proven solutions to support both fund structures was a key factor in the selection process for Sands Capital.

SEI's comprehensive mutual fund solution encompasses fund administration, accounting, investor servicing, and distribution services. For Sands Capital's mutual fund offering, the outsourcing services will be implemented through SEI's Advisors' Inner Circle series trust. This turnkey solution allows investment managers to reduce time to market and quickly gain scale and efficiencies by leveraging SEI's infrastructure.  

SEI has one of the industry's leading turnkey mutual fund platforms, having offered a series trust to managers for more than 18 years.  In addition, SEI's distribution support model gives Sands Capital faster access to a broad range of intermediary firms and platforms. SEI has more than 175 relationships, allowing its investment manager clients to increase the speed at which their funds are available for sale on platforms and with intermediary firms.

For Sands Capital's UCITS fund, SEI will provide Irish trustee and custodial services in addition to fund administration, accounting, and investor servicing. The UCITS directive is a "passport" system that allows managers to operate throughout European Union member nations under a uniform regulatory framework. SEI has established itself as a leader in the UCITS space as more managers utilize the structure to efficiently distribute their funds across, and even outside, Europe. For Sands Capital, the structure allows them to further capitalize on their existing global investor relationships.

"When Sands Capital decided to launch multiple fund structures in multiple markets, they wanted a single strategic outsourcing partner with the experience and solutions necessary to meet their diverse needs," said John Alshefski, Senior Vice President, SEI's Investment Manager Services division.  "SEI has invested time and resources in creating a fully scalable platform that provides the integration and continuity across business models and asset classes that our clients need."

Robert C. Hancock, Managing Director, Chief Operating Officer and Chief Compliance Officer at Sands Capital Management, said, "SEI's proven platform and its expertise across fund structures gave us the single platform services we needed to quickly bring our funds to market in the U.S. and Europe without having to build out our own back office processes.  Ultimately our partnership allows us to focus on managing money, not infrastructure."

About SEI's Investment Manager Services Division

SEI's Investment Manager Services division provides comprehensive operational outsourcing solutions to global investment managers focused on mutual funds, hedge and private equity funds, exchange traded funds, collective trusts, and separately managed, as well as institutional and private client, accounts. The division applies operating services, technologies, and business and regulatory knowledge to each client's business objectives.  Its resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. The division has been recognized by Buy-Side Technology as "Best Fund Administrator" and by HFMWeek as "Best Funds of Hedge Funds Administrator." For more information, visit http://www.seic.com/enUS/im/340.htm.

About SEI

SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of June 30, 2010, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $380 billion in mutual fund and pooled assets and manages $149 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit www.seic.com.

SOURCE SEI

Back to top

RELATED LINKS
http://www.seic.com

John Hancock Funds received a prestigious award from the Web Marketing Association (WMA) in its 2010 WebAwards competition.  John Hancock Funds' financial professional web site was recognized as the "Best of Industry" in the Mutual Funds category for 2010. The award marks the fourth year in a row that John Hancock Funds has taken top honors in the Mutual Funds category.

"On behalf of John Hancock Funds, I am proud to congratulate our Marketing and IT web teams for once again attaining the highest standards of quality and creativity," said Keith Hartstein, President & CEO.  "Our web sites provide significant value and support for our partner firms, their financial advisers, and clients."

Winners were announced last week by the Hartford, Connecticut-based WMA, which named the best web sites in 96 industries. Entries from more than 2,000 sites in 45 countries were judged on design, copy writing, innovation, content, interactivity, navigation, and use of technology.

"The level of excellence in web site development continues to increase, constantly making the Internet a very competitive place to do business," said William Rice, President of the WMA.  "As the Internet evolves, so does the state of web site development, and winning a WebAward is a great way to demonstrate the effectiveness of your Web development efforts."

This latest recognition from the WMA continues John Hancock Funds' record of winning multiple awards for its web site, marketing communications and customer service.  Last year, John Hancock Funds received accolades from consulting firm kasina, the League of American Communications Professionals (LACP), Massachusetts Innovation & Technology Exchange (MITX), Financial Research Corporation, Dalbar, and the Mutual Funds Education Alliance (MEFA).

About the Web Marketing Association

The Web Marketing Association is working to create a high standard of excellence for web site development and marketing on the Internet. Staffed by volunteers, it is made up of Internet marketing, advertising, PR and design professionals who share an interest in improving the quality of web site development and marketing on the Internet. Since 1997, the Web Marketing Association's annual WebAward Competition has been helping interactive professionals promote themselves, their companies, and their best work to the outside world. Now in its 14th year, the WebAward Competition has become the premier award event for web developers and marketers worldwide.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds manages more than $54.6 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors as at June 30, 2010.  

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. For more than 120 years, clients have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) as at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial may be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

Back to top

RELATED LINKS
http://www.johnhancock.com

Federated Investors, Inc. today announced that monthly fund composition and performance data for Federated Enhanced Treasury Income Fund (NYSE: FTT), Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) as of Aug. 31, 2010 are now available in the Products section of FederatedInvestors.com.  To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x8079, email CEinfo@federatedinv.com or write to Federated Investors, 1001 Liberty Avenue, Floor 23, Pittsburgh, Pennsylvania 15222.  

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $336.8 billion in assets as of June 30, 2010.  With 135 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,200 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com.

SOURCE Federated Investors, Inc.

Back to top

RELATED LINKS
http://FederatedInvestors.com

ALPS Advisors, Inc. (ALPS), a leading provider of advisory solutions to the investment management industry, has announced that shareholders of the RiverFront Long-Term Growth Fund have approved the reorganization of the Fund into the ALPS-sponsored Financial Investors Trust.

The ALPS fund will effectively assume the assets of the RiverFront Long-Term Growth Fund currently offered as a series of Baird Funds, Inc. following the close of business Friday, September 24. The predecessor fund has the same sub-adviser, investment objective, and investment strategy as the new ALPS offering. ALPS had previously registered five share classes, including Investor Class and L Class shares, to reflect the expected fund 'adoption'.

In August, ALPS partnered with RiverFront Investment Group on the launch of the RiverFront Global Allocation Series. The RiverFront Long-Term Growth Fund will round out the Series that currently offers:

  • RiverFront Moderate Growth Fund,
  • RiverFront Long-Term Growth & Income Fund, and
  • RiverFront Moderate Growth & Income Fund.

"We've been looking forward to the arrival of the RiverFront Long-Term Growth Fund to the ALPS lineup," said Corey Dillon, Senior Vice President and Director of Advisory Services for ALPS Advisors, Inc. "The marketplace has enthusiastically embraced the RiverFront investment approach, and we're eager to go forward with the full Global Allocation Series."  

Richmond, Va.-based RiverFront was formed in April 2008 by a team of investment professionals from Wachovia Securities, including former chief investment officer Michael Jones, former chief investment strategist, Rod Smyth, former chief equity strategist Doug Sandler, and Pete Quinn, former president of the Private Client Group. Messrs. Jones, Smyth, and Sandler, along with Tim Anderson, RiverFront's Chief Fixed Income Officer, will serve as co-portfolio managers for the Fund.

The $55 million RiverFront Long-Term Growth Fund was launched in October 2008 with an objective of long-term capital appreciation. The portfolio is built around a strategic and tactical global allocation that allocates investments to large-, small-, and mid-cap stocks, international securities, including emerging markets, and other investments. The Fund, similar to all RiverFront-managed offerings, will rely on the firm's proprietary Price Matters™ optimization process for global security selection.

"We're a portfolio management team that's worked together for many years, and we're proud of the job RiverFront has done so far in meeting the needs of advisors and their clients," said Michael Jones, CIO of RiverFront. "We're particularly excited about this partnership with ALPS, and we look forward to success from our combined efforts."

The RiverFront Long-Term Growth Fund will be offered in multiple share classes covering institutional and retail audiences and will be available on most mutual fund platforms and through financial intermediaries.

About ALPS Advisors, Inc.

ALPS Advisors, Inc. conducts business across three primary business lines: Asset Servicing, Asset Gathering, and Asset Management. Headquartered in Denver with offices in Boston, New York, and Seattle, ALPS has been providing various services to the mutual fund industry for nearly 25 years. As of June 30, 2010, the firm manages more than $1.5 billion in assets and provides servicing to more than $220 billion in client assets. For more information about ALPS and the services available, visit www.alpsinc.com, and for additional information about ALPS products, visit www.alpsfunds.com.

About RiverFront Investment Group, LLC

RiverFront Investment Group, LLC is an independent investment advisor located in Richmond Virginia. Majority owned by its employees, the firm provides asset management, investment advice, and leading-edge market insights. RiverFront's minority investors include Robert W. Baird & Co. and Private Advisors. For more information, visit www.riverfrontig.com.

An investor should consider investment objectives, risks, charges, and expenses carefully before investing. The Prospectus contains this and other information. For more complete information about the RiverFront Long-Term Growth Fund or to obtain a Prospectus, call (866) 759-5679. Please read the Prospectus.

An investment in the Fund involves risk, including loss of principal.

The performance of the Fund relative to its benchmark will depend largely on the decisions of the RiverFront Investment Group, LLC (the "Sub- Adviser" or "RiverFront") as to strategic asset allocation and tactical adjustments made to the asset allocation. At times, RiverFront's judgments as to the asset classes in which the Fund should invest may prove to be wrong, as some asset classes may perform worse than others or the equity markets generally from time to time or for extended periods of time. The performance of the Fund is related to the economic sectors that RiverFront may choose to emphasize or deemphasize from time to time, as well as to the individual securities selected by RiverFront within those sectors. The investment returns for particular economic sectors will fluctuate and may be lower than other sectors. In addition, the individual securities chosen for investment within a particular sector may underperform other securities within that same sector. Certain stocks selected for the Fund's portfolio may decline in value more than the overall stock markets. The RiverFront Global Allocation Series is not suitable for all investors. Subject to investment risks, including possible loss of the principal amount invested.

The Funds are distributed by ALPS Distributors, Inc.

Corey Dillon and Tom Carter are Registered Representatives of ALPS Distributors, Inc.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Andrew Gansler

https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=62044

Terrence Thomas

https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=62047

Media Contact

Tom Carter, President


ALPS Advisors, Inc.

1290 Broadway

Suite 1100

Denver, CO 80203

303.623.2577 TEL

303.623.7850 FAX

www.alpfunds.com



SOURCE ALPS Advisors, Inc.

Back to top

RELATED LINKS
http://www.alpsinc.com/

Mirae Asset Global Investments, one of the world's largest emerging market equity investment managers, today announced the launch of its first six mutual funds in the U.S.  The Mirae Asset Discovery Funds aim to take advantage of the macroeconomic effects currently redefining the world's emerging market economies.

"We are emerging market experts.  It's what we do," said Jay (Hun Jun) Jang, President and CEO of Mirae Asset Global Investments (USA).   "Because of our global portfolio management capabilities, we are able to offer single-country, regional and global emerging market funds.  We look for companies with a sustainable competitive advantage by implementing the research-intensive, bottom-up approach used since Mirae Asset's inception in 1997."

The mutual funds, which have Class A, C and I shares, include:

  • Global Emerging Markets Sector Leader Fund (MALGX, MCLGX, MILGX)
  • Asia Sector Leader Fund  (MALAX, MCLAX, MILAX)
  • China Sector Leader Fund (MALCX, MCLCX, MILCX)
  • Brazil Sector Leader Fund (MALBX, MCLBX, MILBX)
  • Global Emerging Markets Great Consumer Fund (MECGX, MCCGX, MICGX)
  • Asia Great Consumer Fund (MGCEX, MGCCX, MGCIX)

Mirae Asset's research concludes that ongoing socioeconomic changes in emerging market nations will continue to support domestic business expansion. Mirae Asset seeks to capture the beneficial impact these macroeconomic effects will have on emerging market equities through the firm's Sector Leader and Great Consumer investment approaches.  

The "Sector Leader" Funds

The Sector Leader funds invest in companies that Mirae Asset believes to be capable of achieving or maintaining a dominant position within their respective industries.  Mirae Asset judges a company based on the sustainability of its long-term business model and the competitive advantage of its business strategy.  Informed by years of on-the-ground research, the firm weighs a stock's potential against a backdrop of the long-term macroeconomic trends in the economy where the company conducts business. The investment strategy employs portfolio construction and risk management techniques designed to broaden each Fund's exposure across a range of industries.

The "Great Consumer" Funds

Mirae Asset defines the "Great Consumer" effect as the collective market force of emerging market nations' rapidly growing middle class.  As wealth increases broadly within the traditionally low per capita GDP(1) economies of the world, consumers' newfound purchasing power can help introduce attractive – and in some cases never previously available – investment opportunities. Mirae Asset believes population growth, increasing industrialization, income expansion and other macro trends will help to sustain the rapid growth of many emerging market economies as their middle classes seek to accumulate wealth and pursue a higher quality of life.  In fact, a recent McKinsey & Co. report estimated that the emerging middle class currently spends $6.9 trillion annually, and this figure is expected to rise to $20 trillion over the next 10 years.(2)

The two Great Consumer funds employ a bottom-up methodology, investing in companies across a range of sectors that stand to benefit from increasing domestic consumption in the emerging markets. An attractive Great Consumer stock can be found not only among the consumer staples and consumer discretionary sectors, but also within any industry for which growing domestic consumption can be a catalyst for profits, either directly or indirectly.  

Significant Long-Range Themes

Mirae Asset's investment strategy is consistent with the work of many global economists and researchers who have for years tracked the evolution of the world's economies and the major themes that shape them.

With numerous publications in this area, the World Bank estimates that the global middle class is likely to grow from 430 million in 2000 to 1.2 billion in 2030. According to Euromonitor International, consumer spending in emerging markets is forecast to grow by an average annual rate of 10.4% between 2010 and 2020 in U.S.-dollar terms with China, India, Brazil and Russia being the largest consumer markets in terms of total spending.(3) Similarly, the IMF reports that emerging market economies are likely to grow at least twice as fast as the U.S. in coming years, and says that the share of emerging and developing economies in world GDP is expected to overtake advanced economies by 2014.  

Mirae Asset, one of the world's most experienced emerging market equity investment managers, has created an innovative opportunity for U.S. investors by designing investable products based on these themes.  

Portfolio Management

Mirae Asset's investment professionals in New York, Hong Kong and Sao Paulo manage the six mutual funds. Mirae Asset has made a significant investment in state-of-the-art telecommunications equipment through which portfolio managers around the globe collaborate efficiently and seamlessly.  Because the strategies are predominantly bottom-up, Mirae Asset portfolio managers conduct primary research and collaborate with analysts and researchers within the firm to make their investment decisions.  As of June 30, 2010, the firm had more than 160 investment professionals worldwide.

Investments in the Funds involve risk, including the possible loss of principal. This press release is not a solicitation to buy nor offer to sell securities. An offering can only be made by prospectus, which can be obtained from Mirae Asset USA.

An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. This and other important information about the investment company can be found in the Fund's prospectus. To obtain a prospectus, please contact your financial advisor or please call 1-800-335-3412. Please read the prospectus carefully before investing.

The Mirae Asset Discovery Funds are distributed by Funds Distributor, LLC.

Mirae Asset Global Investments

Mirae Asset Global Investments is one of the world's largest investment managers in emerging market equities.  With over 500 employees and more than 160 dedicated investment professionals, Mirae Asset portfolio management teams are located in Brazil, China, Hong Kong, India, Korea, the United States and Vietnam.  Headquartered in Seoul, South Korea, the firm manages over $50 billion in assets globally, of which more than $30 billion is invested in emerging market equities (as of June 30, 2010).  

Mirae Asset Global Investments (USA)

Mirae Asset Global Investments (USA) is a registered investment advisor focused on providing emerging market equity investment advisory services to institutions and mutual funds.

(www.miraeasset.com)

(1)  Gross domestic product (GDP) is defined as the market value of goods and services produced by labor and property in a single country.

(2)  McKinsey & Co. is neither affiliated with, nor employed by, Mirae Asset Global Investments.

(3)  Euromonitor International is neither affiliated with, nor employed by, Mirae Asset Global Investments.

Contact:


John McInerney

Liz Pierce

Makovsky + Company

Makovsky + Company

jmcinerney@makovsky.com

lpierce@makovsky.com

(212) 508-9628

(212) 508-9698



SOURCE Mirae Asset Global Investments

Back to top

RELATED LINKS
http://www.miraeasset.com

SEI (Nasdaq: SEIC) announced today that it has been selected by Sands Capital Management to provide full-service operational outsourcing for the firm's recently created U.S. mutual fund and Dublin-based UCITS (Undertakings for Collective Investment in Transferable Securities) offerings. SEI's ability to provide fully scalable and industry-proven solutions to support both fund structures was a key factor in the selection process for Sands Capital.

SEI's comprehensive mutual fund solution encompasses fund administration, accounting, investor servicing, and distribution services. For Sands Capital's mutual fund offering, the outsourcing services will be implemented through SEI's Advisors' Inner Circle series trust. This turnkey solution allows investment managers to reduce time to market and quickly gain scale and efficiencies by leveraging SEI's infrastructure.  

SEI has one of the industry's leading turnkey mutual fund platforms, having offered a series trust to managers for more than 18 years.  In addition, SEI's distribution support model gives Sands Capital faster access to a broad range of intermediary firms and platforms. SEI has more than 175 relationships, allowing its investment manager clients to increase the speed at which their funds are available for sale on platforms and with intermediary firms.

For Sands Capital's UCITS fund, SEI will provide Irish trustee and custodial services in addition to fund administration, accounting, and investor servicing. The UCITS directive is a "passport" system that allows managers to operate throughout European Union member nations under a uniform regulatory framework. SEI has established itself as a leader in the UCITS space as more managers utilize the structure to efficiently distribute their funds across, and even outside, Europe. For Sands Capital, the structure allows them to further capitalize on their existing global investor relationships.

"When Sands Capital decided to launch multiple fund structures in multiple markets, they wanted a single strategic outsourcing partner with the experience and solutions necessary to meet their diverse needs," said John Alshefski, Senior Vice President, SEI's Investment Manager Services division.  "SEI has invested time and resources in creating a fully scalable platform that provides the integration and continuity across business models and asset classes that our clients need."

Robert C. Hancock, Managing Director, Chief Operating Officer and Chief Compliance Officer at Sands Capital Management, said, "SEI's proven platform and its expertise across fund structures gave us the single platform services we needed to quickly bring our funds to market in the U.S. and Europe without having to build out our own back office processes.  Ultimately our partnership allows us to focus on managing money, not infrastructure."

About SEI's Investment Manager Services Division

SEI's Investment Manager Services division provides comprehensive operational outsourcing solutions to global investment managers focused on mutual funds, hedge and private equity funds, exchange traded funds, collective trusts, and separately managed, as well as institutional and private client, accounts. The division applies operating services, technologies, and business and regulatory knowledge to each client's business objectives.  Its resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. The division has been recognized by Buy-Side Technology as "Best Fund Administrator" and by HFMWeek as "Best Funds of Hedge Funds Administrator." For more information, visit http://www.seic.com/enUS/im/340.htm.

About SEI

SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of June 30, 2010, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $380 billion in mutual fund and pooled assets and manages $149 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit www.seic.com.

SOURCE SEI

Back to top

RELATED LINKS
http://www.seic.com

American Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that Gary Kain, Chief Investment Officer, is scheduled to make a presentation at the JMP Securities Financial Services and Real Estate Conference on Wednesday, September 29, 2010 in New York, NY.  The AGNC presentation is scheduled to begin at 3:00 pm ET.  The presentation will be webcast live and archived for 90 days on the AGNC website at http://ir.agnc.com.

For further information or questions, please contact Investor Relations at (301) 968-9300 or IR@AGNC.com.

ABOUT AGNC

AGNC is a REIT that invests in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The Company is externally managed and advised by American Capital Agency Management, LLC, an affiliate of American Capital, Ltd. ("American Capital"). For further information, please refer to www.AGNC.com.

ABOUT AMERICAN CAPITAL

American Capital is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products.  Founded in 1986, American Capital has $15 billion in capital resources under management and eight offices in the U.S., Europe and Asia.  American Capital and its affiliates will consider investment opportunities from $5 million to $100 million.  For further information, please refer to www.AmericanCapital.com.

CONTACT:

Investors – (301) 968-9300



SOURCE American Capital Agency Corp.

Back to top

RELATED LINKS
http://www.AGNC.com

Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG), a closed-end management investment company, today declared a monthly distribution of $0.09 per common share. As portfolio and market conditions change, the rate of future distributions may change. The distribution is expected to be paid on September 30, 2010, to shareholders of record on September 23, 2010.  The ex-date is September 21, 2010.

At this time the Fund believes that a portion of the September distribution may be comprised of amounts from sources other than net investment income.  If that is the case, you will be notified in writing.  Further information will be available prior to the payment date at http://individuals.eatonvance.com.  The final determination of tax characteristics of the Fund's distributions will occur after the end of the year, at which time it will be reported to the shareholders.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Management, the Boston-based investment adviser, today announced the quarterly distributions declared on the common shares of two of its closed-end equity funds (the "Funds"). The record date for the distributions is September 23, 2010, and the payable date is September 30, 2010. The ex-date is September 21, 2010.  The distribution per share for each Fund is as follows:


Distribution

Fund

Per Share



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

$0.400



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

$0.390



At this time the Funds believe that a portion of the September distribution may be comprised of amounts from sources other than net investment income.  If that is the case, you will be notified in writing.  Further information will be available prior to the payment date at http://individuals.eatonvance.com.  The final determination of tax characteristics of the Fund's distributions will occur after the end of the year, at which time it will be reported to the shareholders.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Altegris Advisors (www.altegrismutualfunds.com) is pleased to announce the launch of the Altegris Managed Futures Strategy Fund (Tickers: MFTAX, MFTIX). The Fund offers a simple, convenient way for individual and professional investors to participate in Managed Futures through an actively managed mutual fund. Over the last decade, US Stocks lost -17%. Over the same period, Managed Futures gained +122%*.

"Managed Futures have a sustained historical track record throughout a number of major market scenarios," said Jon Sundt, President and CEO of Altegris Advisors and a Co-Portfolio Manager of the Fund.  "Until recently, the handful of Managed Futures mutual funds available to investors were primarily passive 'set-and-forget' index based products. The 'best-of-breed' investment managers were typically restricted to investors with high minimum net worth requirements. The Fund allows investors to participate in Managed Futures by investing in an actively managed mutual fund with low minimum investment requirements."

The Fund seeks to achieve positive absolute returns in rising and falling equity markets while experiencing less volatility than major equity market indices. The Managed Futures strategy is designed to capture returns related to trends in the commodities and financial futures markets by investing primarily in securities whose returns are derived from actively managed portfolios.

Key features of the Fund include:

  • Access to what Altegris Advisors believes are premier Managed Futures investment managers
  • Actively managed, dynamic portfolio – not a passive index fund
  • Daily liquidity
  • Low minimum investment
  • No investor pre-qualifications
  • 1099 tax reporting
  • Individual (Class A) and Institutional (Class I) share classes: MFTAX, MFTIX

"The new Fund seeks to meet the growing demand for accessible and trusted alternative investments by leveraging our history in Managed Futures", said Mr. Sundt. "We look forward to continuing to deliver innovative solutions with a singular focus on alternatives."

Please contact Amiee Watts at (973) 784-0025 or amiee@jcprinc.com or Andrea Trachtenberg at (800) 828-5225 or atrachtenberg@altegris.com for more information.

About Altegris Advisors

Altegris Advisors, LLC is the investment adviser to the Altegris Managed Futures Strategy Fund. It is an affiliate of the Altegris group of companies**, which also includes Altegris Investments and Altegris Funds. Currently, over $2.7 billion trading level is allocated through Altegris and its affiliates to alternative investments.

Altegris has one core mission – to find the best alternative investments for our clients. The Altegris platform offers a straightforward and efficient solution to provide what we believe are best-of-breed alternative investments designed to meet the needs of investment professionals and individual investors.  

With an institutional caliber Research and Investments Group focused solely on finding the best alternative investments for clients, Altegris applies rigorous quantitative and qualitative analysis to identify, select and proactively monitor investment talent across an array of alternative investment strategies. These strategies are available in a platform which includes: single strategy hedge funds, funds of funds, Managed Futures separate accounts and Managed Futures strategy funds.

* PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. There is no guarantee that any investment will achieve its objectives, generate profits or avoid losses. For the period from 7/1/00 to 8/31/10, Managed Futures, as measured by the Altegris 40 Index, returned a total return of 122% compared to -17% for the S&P 500 Total Return Index. Source: International Traders Research (ITR). The referenced indices are for general market comparisons and are not meant to represent the Fund. The Fund is new and has no performance history.

** The Altegris group of companies, referred to generally as "Altegris", includes:  (1) Altegris Advisors, LLC, an SEC-registered investment adviser; (2) Altegris Investments, Inc., an SEC-registered broker-dealer and CFTC-registered introducing broker and commodity trading advisor; (3) Altegris Portfolio Management, Inc. (dba Altegris Funds), a CFTC-registered commodity pool operator and California registered investment adviser; and (4) Altegris LLC (the parent holding company).

Altegris Advisors, Rodney Square Management Corporation, and Northern Lights Distributors are not affiliated.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Altegris Managed Futures Strategy Fund. This and other important information about the Fund is contained in the Prospectus, which can be obtained by calling (877) 772-5838. The Prospectus should be read carefully before investing. The Altegris Managed Futures Strategy Fund is distributed by Northern Lights Distributors, LLC member FINRA.

MUTUAL FUNDS INVOLVE RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL

The Fund's indirect and direct exposure to foreign currencies subjects the Fund to the risk that those currencies will decline in value relative to the U.S. Dollar, or, in the case of short positions, that the U.S. Dollar will decline in value relative to the currency that the Fund is short. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad. In addition, the Fund may incur transaction costs in connection with conversions between various currencies. The Fund will invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Fund may experience losses that exceed losses experienced by funds that do not use futures contracts and options. There may be an imperfect correlation between the changes in market value of the securities held by the Fund and the prices of futures and options on futures. Although futures contracts are generally liquid instruments, under certain market conditions there may not always be a liquid secondary market for a futures contract. As a result, the Fund may be unable to close out its futures contracts at a time which is advantageous. Trading restrictions or limitations may be imposed by an exchange, and government regulations may restrict trading in futures contracts and options. Because option premiums paid or received by the Fund are small in relation to the market value of the investments underlying the options, buying and selling put and call options can be more speculative than investing directly in securities. Over-the-counter transactions are subject to little, if any, regulation and may be subject to the risk of counterparty default. A portion of the Fund's assets may be used to trade OTC commodity interest contracts, such as forward contracts, option contracts in foreign currencies and other commodities, or swaps or spot contracts. A substantial portion of the trades of the global macro programs are expected to take place on markets or exchanges outside the United States. Some foreign markets present additional risk, because they are not subject to the same degree of regulation as their U.S. counterparts. Trading on foreign exchanges is subject to the risks presented by exchange controls, expropriation, increased tax burdens and exposure to local economic declines and political instability. An adverse development with respect to any of these variables could reduce the profit or increase the loss earned on trades in the affected international markets. International trading activities are subject to foreign exchange risk. The Fund may employ leverage and may invest in leveraged instruments. The more the Fund invests in leveraged instruments, the more this leverage will magnify any losses on those investments. Leverage will cause the value of the Fund's shares to be more volatile than if the Fund did not use leverage. The Fund may take short positions, directly and indirectly through the Subsidiary, in derivatives. If a derivative in which the Fund has a short position increases in price, the underlying Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss.

SOURCE JC Public Relations Inc

Back to top

RELATED LINKS
http://www.altegrismutualfunds.com

Mirae Asset Global Investments, one of the world's largest emerging market equity investment managers, today announced the launch of its first six mutual funds in the U.S.  The Mirae Asset Discovery Funds aim to take advantage of the macroeconomic effects currently redefining the world's emerging market economies.

"We are emerging market experts.  It's what we do," said Jay (Hun Jun) Jang, President and CEO of Mirae Asset Global Investments (USA).   "Because of our global portfolio management capabilities, we are able to offer single-country, regional and global emerging market funds.  We look for companies with a sustainable competitive advantage by implementing the research-intensive, bottom-up approach used since Mirae Asset's inception in 1997."

The mutual funds, which have Class A, C and I shares, include:

  • Global Emerging Markets Sector Leader Fund (MALGX, MCLGX, MILGX)
  • Asia Sector Leader Fund  (MALAX, MCLAX, MILAX)
  • China Sector Leader Fund (MALCX, MCLCX, MILCX)
  • Brazil Sector Leader Fund (MALBX, MCLBX, MILBX)
  • Global Emerging Markets Great Consumer Fund (MECGX, MCCGX, MICGX)
  • Asia Great Consumer Fund (MGCEX, MGCCX, MGCIX)

Mirae Asset's research concludes that ongoing socioeconomic changes in emerging market nations will continue to support domestic business expansion. Mirae Asset seeks to capture the beneficial impact these macroeconomic effects will have on emerging market equities through the firm's Sector Leader and Great Consumer investment approaches.  

The "Sector Leader" Funds

The Sector Leader funds invest in companies that Mirae Asset believes to be capable of achieving or maintaining a dominant position within their respective industries.  Mirae Asset judges a company based on the sustainability of its long-term business model and the competitive advantage of its business strategy.  Informed by years of on-the-ground research, the firm weighs a stock's potential against a backdrop of the long-term macroeconomic trends in the economy where the company conducts business. The investment strategy employs portfolio construction and risk management techniques designed to broaden each Fund's exposure across a range of industries.

The "Great Consumer" Funds

Mirae Asset defines the "Great Consumer" effect as the collective market force of emerging market nations' rapidly growing middle class.  As wealth increases broadly within the traditionally low per capita GDP(1) economies of the world, consumers' newfound purchasing power can help introduce attractive – and in some cases never previously available – investment opportunities. Mirae Asset believes population growth, increasing industrialization, income expansion and other macro trends will help to sustain the rapid growth of many emerging market economies as their middle classes seek to accumulate wealth and pursue a higher quality of life.  In fact, a recent McKinsey & Co. report estimated that the emerging middle class currently spends $6.9 trillion annually, and this figure is expected to rise to $20 trillion over the next 10 years.(2)

The two Great Consumer funds employ a bottom-up methodology, investing in companies across a range of sectors that stand to benefit from increasing domestic consumption in the emerging markets. An attractive Great Consumer stock can be found not only among the consumer staples and consumer discretionary sectors, but also within any industry for which growing domestic consumption can be a catalyst for profits, either directly or indirectly.  

Significant Long-Range Themes

Mirae Asset's investment strategy is consistent with the work of many global economists and researchers who have for years tracked the evolution of the world's economies and the major themes that shape them.

With numerous publications in this area, the World Bank estimates that the global middle class is likely to grow from 430 million in 2000 to 1.2 billion in 2030. According to Euromonitor International, consumer spending in emerging markets is forecast to grow by an average annual rate of 10.4% between 2010 and 2020 in U.S.-dollar terms with China, India, Brazil and Russia being the largest consumer markets in terms of total spending.(3) Similarly, the IMF reports that emerging market economies are likely to grow at least twice as fast as the U.S. in coming years, and says that the share of emerging and developing economies in world GDP is expected to overtake advanced economies by 2014.  

Mirae Asset, one of the world's most experienced emerging market equity investment managers, has created an innovative opportunity for U.S. investors by designing investable products based on these themes.  

Portfolio Management

Mirae Asset's investment professionals in New York, Hong Kong and Sao Paulo manage the six mutual funds. Mirae Asset has made a significant investment in state-of-the-art telecommunications equipment through which portfolio managers around the globe collaborate efficiently and seamlessly.  Because the strategies are predominantly bottom-up, Mirae Asset portfolio managers conduct primary research and collaborate with analysts and researchers within the firm to make their investment decisions.  As of June 30, 2010, the firm had more than 160 investment professionals worldwide.

Investments in the Funds involve risk, including the possible loss of principal. This press release is not a solicitation to buy nor offer to sell securities. An offering can only be made by prospectus, which can be obtained from Mirae Asset USA.

An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. This and other important information about the investment company can be found in the Fund's prospectus. To obtain a prospectus, please contact your financial advisor or please call 1-800-335-3412. Please read the prospectus carefully before investing.

The Mirae Asset Discovery Funds are distributed by Funds Distributor, LLC.

Mirae Asset Global Investments

Mirae Asset Global Investments is one of the world's largest investment managers in emerging market equities.  With over 500 employees and more than 160 dedicated investment professionals, Mirae Asset portfolio management teams are located in Brazil, China, Hong Kong, India, Korea, the United States and Vietnam.  Headquartered in Seoul, South Korea, the firm manages over $50 billion in assets globally, of which more than $30 billion is invested in emerging market equities (as of June 30, 2010).  

Mirae Asset Global Investments (USA)

Mirae Asset Global Investments (USA) is a registered investment advisor focused on providing emerging market equity investment advisory services to institutions and mutual funds.

(www.miraeasset.com)

(1)  Gross domestic product (GDP) is defined as the market value of goods and services produced by labor and property in a single country.

(2)  McKinsey & Co. is neither affiliated with, nor employed by, Mirae Asset Global Investments.

(3)  Euromonitor International is neither affiliated with, nor employed by, Mirae Asset Global Investments.

Contact:


John McInerney

Liz Pierce

Makovsky + Company

Makovsky + Company

jmcinerney@makovsky.com

lpierce@makovsky.com

(212) 508-9628

(212) 508-9698



SOURCE Mirae Asset Global Investments

Back to top

RELATED LINKS
http://www.miraeasset.com

Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), announced today the launch of Eaton Vance Global Macro Absolute Return Advantage Fund (Class A: EGRAX, Class C: EGRCX, Class I: EGRIX), a new mutual fund managed for total return.  Designed to complement traditional asset classes, the new Fund employs a flexible strategy that provides wide-ranging exposure to global investment opportunities, including many typically unrepresented in conventional investor portfolios.  

As an absolute return fund, the Fund benchmarks performance primarily against short-term cash instruments and expects to provide returns over the long term that are substantially independent of movements in the stock and bond markets. In making investment decisions on behalf of the Fund, Eaton Vance utilizes macroeconomic and political analysis to identify opportunities throughout the world in both developed and emerging markets.  The Fund's investments will normally consist primarily of positions in the debt, currencies and interest rates of sovereign nations. The Fund may also invest in corporate debt and equity, municipal obligations and commodities-related investments. Under normal market conditions, the Fund invests at least 40% of its net assets in foreign investments and may have significant exposure to foreign currencies and derivative instruments.

"We're country pickers," said Michael Cirami, co-portfolio manager. "We seek to identify disconnects between a country's fundamentals and the pricing of assets in its investment markets." The Fund's flexible strategy allows for implementation of long positions in markets believed to be strong or improving, but also short positions as well. "Deteriorating markets can often represent some of the most compelling opportunities. Narrower mandates could miss them."

The Fund is managed by Eaton Vance's Global Fixed Income group, also responsible for managing the firm's Global Macro Absolute Return, Strategic Income, Emerging Markets Local Income and International Income Funds, which had combined assets under management of $11 billion as of August 31, 2010.  Relative to the original Global Macro Absolute Return Fund, the new Fund differs in two principal respects: first, a reduced exposure to investments in frontier markets, thereby freeing the Fund from capacity constraints that limit growth potential of the original product; and second, the targeting of higher levels of potential return and a willingness to accept commensurately higher performance volatility.  

"Our original Global Macro strategy gained wide popularity based on its consistently positive returns, low volatility and low correlation to most other asset classes," said Christopher Remington, Director of Fixed Income Product Management at Eaton Vance. "But investors have expressed significant interest in accessing a higher-return-potential fund that incorporates a similar approach to global markets."

"Global Macro Absolute Return Advantage will own larger and more concentrated positions in countries about which we have strong conviction," said Remington.  "The tradeoff with larger exposures is increased potential volatility, though we expect similarly low correlation to traditional equity and fixed-income markets.  From a business perspective, the new Fund allows us to build our position as a leading global macro manager."

Portfolio manager Michael Cirami discusses Eaton Vance's global macro investment philosophy and approach to risk management at boston.videolinktv.com/extranet/ev_aug27.  A new micro-site, www.eatonvance.com/gfi, provides additional information about absolute return investing and the firm's global macro investment approach.  

Eaton Vance is one of the oldest investment management firms in the United States, with a history dating to 1924.  Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

About Risk – The following is a summary of the primary risks of investing in the Fund. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, or other conditions. In emerging countries, these risks may be more significant. Derivatives instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses),  and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty and liquidity risk. Investments in income securities may be affected by changes in the real or perceived creditworthiness of their issuer and are subject to the risk of non-payment of principal and interest. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments rated below investment grade (typically referred to as "junk bonds") are generally subject to greater price volatility and illiquidity than higher rated investments and typically have greater credit risk. Because investments may be concentrated in a particular geographic region or country, the value of Fund shares may fluctuate more than that of a less concentrated fund. The value of commodities investments will generally be affected by overall market movements and factors specific to a particular industry or commodity including weather, embargoes, tariffs, or health, political, international and regulatory developments. A "non-diversified" fund may be exposed to greater risk by investing it assets in a smaller number of investments than a diversified fund. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.

Before investing, investors should consider carefully the investment objective, risks, charges and expenses of a mutual fund. This and other important information is contained in the prospectus or summary prospectus, if available, which can be obtained from a financial advisor. Prospective investors should read the prospectus carefully before investing.

Not FDIC Insured.  Not Bank Guaranteed.  May Lose Value.

The Funds are distributed by Eaton Vance Distributors, Inc. Two International Place, Boston, MA 02110

SOURCE Eaton Vance

Back to top

RELATED LINKS
http://www.eatonvance.com

The financial crisis produced an unprecedented seismic shift in the investing and planning landscape. To achieve their goals in the coming decade, high net worth investors must abandon some conventional ideas and accept the new realities of investing and planning, according to a new white paper released today by BNY Mellon Wealth Management.

2020 Vision: The Most Critical Decade(SM), the white paper describes a landscape that has been fundamentally changed, creating "unprecedented challenges – so many, in fact, that the decade ahead will, in many ways, be the most critical ever."

"Investors today are forced to deal with a profoundly different world that presents them with extreme uncertainty in terms of investing or constructing effective wealth and estate plans," said Larry Hughes, CEO of BNY Mellon Wealth Management. "The reality is that more investors are likely to fall short of their goals than in any time in the past 50 years," he said.

In addressing what it will take to succeed moving forward, 2020 Vision: The Most Critical Decade looks at the forces and causes that are shaping the new reality and prescribes what will be required for investors to successfully navigate a dynamic period of fundamental change. The paper explores the challenges of today's landscape across three principal dimensions:

Investment innovation and rigorous discipline. Unpredictability and volatility will call for a unique prescription that combines innovative thinking with a significantly heightened sense of discipline. Among the key trends driving this are an overabundance of rapidly changing information; sweeping policy changes and unpredictable economic headwinds; and hyper-sensitized market reactions.

Dynamic, seamless planning. The dislocation of the financial crisis made many investors abruptly aware of hidden shortcomings in their existing plans. Faced with the unexpected possibility of not having enough money for the rest of their lives or to leave legacies to children and philanthropic causes, investors must take a more dynamic, comprehensive and integrated approach to wealth planning.

A different quality of client-advisor engagement. Perhaps most far-reaching of the changes to investing wrought by the financial crisis is the degree to which investors must reconsider standard notions of the client-advisor engagement. In forging this new dynamic, investors will need to bring penetrating insights to their assessment of advisors, and advisors will need to use ways to communicate and construct client strategies.

"The key to navigating this new landscape is a holistic approach to investing and wealth planning which cuts across traditional silos," Hughes said. "In order to achieve this, there will be a need for increased communication between the client and advisor in a language that is free of jargon and industry speak and the establishment of trust that will allow advisors to adapt and react to a highly volatile and unpredictable investing environment."

BNY Mellon Wealth Management is among the nation's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It is among the top 10 U.S. wealth managers with about $150 billion in private client assets and an extensive network of offices in the U.S. and internationally.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon Wealth Management

Back to top

RELATED LINKS
http://www.bnymellon.com

Federated Investors, Inc. today announced that monthly fund composition and performance data for Federated Enhanced Treasury Income Fund (NYSE: FTT), Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) as of Aug. 31, 2010 are now available in the Products section of FederatedInvestors.com.  To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x8079, email CEinfo@federatedinv.com or write to Federated Investors, 1001 Liberty Avenue, Floor 23, Pittsburgh, Pennsylvania 15222.  

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $336.8 billion in assets as of June 30, 2010.  With 135 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,200 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com.

SOURCE Federated Investors, Inc.

Back to top

RELATED LINKS
http://FederatedInvestors.com

Standard & Poor's (S&P) Equity Research has released the details of the quantitative methodology employed to identify top-ranked funds for its recently announced Mutual Fund Excellence Awards, as follows:

  • The time period considered for is September 12, 2009 (the date S&P Equity Research introduced its new mutual fund research methodology) through August 31, 2010, except for the "New and Notable" award category.

  • The Fund must be open to retail investors with a minimum initial investment of $25,000 investment or less.

  • The Fund must have been a fund with an overall S&P ranking of five-star with positive indications for Performance Analytics, Risk Considerations and Cost Factors as of August 31, 2010. Funds that are sector (e.g. Health Care) or regional focused (Latin America) along with Target Date funds were not considered for Awards.

  • The awards program includes a look back at the consistency of a fund's S&P five-star overall ranking for each week since September 2009.

  • If multiple share classes of same mutual fund were in the running for an award, the one with greatest assets under management was selected.

  • Three funds with the highest consistency score in each award category are to be declared Gold, Silver and Bronze recipients of S&P Mutual Fund Excellence Awards, assuming enough eligible funds.

  • In case of a tie (e.g. multiple funds that have been an S&P five-star each week have a consistency score of 100), the number of individual positive indications for ranking inputs entering into the overall ranking at the end of August will be counted.

  • A negative indication is counted against the total.  For example, if a fund had 9 out of 12 indications as positive, but 1 was negative, the positive indication count would be 8.

  • The "New and Notable" award category consists only of equity mutual funds with less than a 3-year track record as of November 2010.  Share classes of pre-existing funds will not be considered for the award.

About the Standard & Poor's Equity Research Mutual Fund Awards

The S&P Equity Research Mutual Fund Excellence Awards is an annual awards program designed to recognize those US mutual funds that have most consistently achieved the highest overall ranking during the previous measurement year based on S&P's proprietary quantitative research methodology.  Among the factors S&P's research methodology seeks to identify are consistent strong performance; high quality holdings as measured by S&P STARS research, S&P Credit Ratings and S&P Quality Ranks; and favorable cost factors.

More information about the awards and the award recipients can be found by going to:  www.spfundawards.com.

About Standard & Poor's Equity Research Services

As the world's largest producer of independent equity research, Standard & Poor's licenses its research to global institutions for their investors and advisors.  Standard & Poor's team of experienced U.S., European and Asian equity analysts use a fundamental, bottom-up approach to assess a global universe of multi-asset class securities across industries worldwide.  Follow Standard & Poor's equity analysts' U.S. market commentary each day at http://www.equityresearch.standardandpoors.com.  

The mutual fund rankings and/or equity research and recommendations provided by Standard & Poor's Equity Research Services are performed separately from any other analytic activity of Standard & Poor's. Standard & Poor's Equity Research Services has no access to non-public information received by other units of Standard & Poor's.  Standard & Poor's does not trade for its own account.  The analytical and ethical conduct of Standard & Poor's equity analysts is governed by the firm's Research Objectivity Policy, a copy of which may also be found at www.standardandpoors.com or by clicking here (http://www2.standardandpoors.com/spf/pdf/equity/ResearchObjectivityPolicy2005.pdf).

About Standard & Poor's

Standard & Poor's Financial Services, LLC, a subsidiary of The McGraw-Hill Companies, Inc. (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for  150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com.

Standard & Poor's and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.

Standard & Poor's or an affiliate may license certain intellectual property or provide pricing or other services to, or other wise have a financial interest in, certain issuers of securities, including exchange-traded funds and mutual funds whose investment objective is to substantially replicate the returns of a proprietary Standard & Poor's index, such as the S&P500. In cases where Standard & Poor's or an affiliate is paid fees that are tied to the amount of assets that are invested in the fund or the volume of trading activity in the fund, investment in the fund will generally result in Standard & Poor's or an affiliate earning compensation in addition to the subscription fees or other compensation for services rendered by Standard & Poor's.

These materials have been prepared solely for informational purposes based upon information from sources believed to be reliable. Standard & Poor's makes no representation with respect to the accuracy or completeness of these materials, the content of which may change without notice. Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.

A reference to a particular investment or security by Standard & Poor's and one of its affiliates is not a recommendation to buy, sell, or hold such investment or security, nor is it considered to be investment advice.

No endorsement of any mutual fund included in a mutual fund report should be implied by the fact that the mutual fund bears the S&P mark or is based on an S&P Index. S&P does not receive fees from ETFs and/ or mutual funds for their inclusion in mutual fund reports. Standard & Poor's Indices does not sponsor, endorse, sell, promote or recommend any index-based product. S&P does not receive fee from funds included in mutual fund reports. No other unit of S&P, including Rating Services, contributes to the content of a mutual fund report.

SOURCE Standard & Poor's

Back to top

RELATED LINKS
http://www.standardandpoors.com

Virtus Investment Partners (Nasdaq: VRTS), which operates a multi-manager asset management business, has launched the Virtus International Equity Fund (Class A: VIEAX).

(Logo:  http://photos.prnewswire.com/prnh/20090105/NEM020LOGO)

(Logo:  http://www.newscom.com/cgi-bin/prnh/20090105/NEM020LOGO)

The new fund is subadvised by Pyrford International, a London-based investment management firm with a strong history of utilizing a benchmark-agnostic, high-quality approach to international investing.

"Broadening exposure to international markets is a strategy that many financial advisors and their clients embrace," said Frank Waltman, executive vice president, product management, at Virtus.  "The addition of the Pyrford-managed fund will complement our existing product line and offer our clients greater choice for the international allocation in their portfolio."

The fund invests in 15-20 countries in both developed and emerging markets.  The investment process begins with country selection, which Pyrford believes is the greatest driver of alpha and the most significant contributor to beta reduction.  At the stock level, a disciplined, fundamental process is employed to identify companies that offer specific value to the portfolio, relative to their potential long-term earnings growth.  

"Pyrford is very excited about this new opportunity to make our international equity strategy available to retail clients in the U.S.  For more than a decade, our strategy has a proven track record of delivering excellent long-term investment returns with reduced risk," said Tony Cousins, CFA, joint chief investment officer of Pyrford International.  "We look forward to working with Virtus in launching this new product and building a long-term relationship that will benefit both of our organizations and, most importantly, our mutual clients."  

The fund is co-managed by Cousins; Bruce Campbell, chief executive officer and joint chief investment officer; Paul Simons, CFA, head of portfolio management, Asia Pacific; and Daniel McDonagh, CFA, head of portfolio management, Europe/UK.  

About Pyrford International and Harris Investment Management, Inc.

Pyrford International, a wholly owned subsidiary of the Bank of Montreal, is an investment management firm based in the United Kingdom providing international asset management services for its clients.  Pyrford is part of BMO's private client group, which provides wealth management services in North America and the markets in which Pyrford additionally operates: Middle East, UK and Europe. Both Pyrford International and Harris Investments are registered investment advisors with the SEC.  Harris Investments is wholly owned by Harris Bankcorp Inc., which is an indirect wholly owned subsidiary of Bank of Montreal.  Pyrford and Harris Investments are part of BMO Asset Management™, the umbrella group for BMO Financial Group's institutional investment management companies, which offer a range of investment management products and services to retail and institutional clients globally.  

About Virtus Investment Partners, Inc.

Virtus Investment Partners (Nasdaq: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors.  The company, which had $25.1 billion under management as of June 30, 2010, provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process and individual brand.  Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs.  Additional information can be found at www.virtus.com.

Investors should carefully consider the investment objectives, risks, charges and expenses of any Virtus Mutual Fund before investing. The prospectus contains this and other information about a fund. Please contact your financial representative, call 1-800-243-4361, or visit www.virtus.com to obtain a current prospectus. You should read the prospectus carefully before you invest or send money.

Important risk considerations: Investing internationally, especially in emerging markets, involves additional risks such as currency, political, accounting, economic, and market risk.

Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.

Mutual Funds distributed by VP Distributors, Inc., member FINRA and subsidiary of Virtus Investment Partners, Inc.

SOURCE Virtus Investment Partners

Back to top

RELATED LINKS
http://www.virtus.com

Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), announced today the launch of Eaton Vance Global Macro Absolute Return Advantage Fund (Class A: EGRAX, Class C: EGRCX, Class I: EGRIX), a new mutual fund managed for total return.  Designed to complement traditional asset classes, the new Fund employs a flexible strategy that provides wide-ranging exposure to global investment opportunities, including many typically unrepresented in conventional investor portfolios.  

As an absolute return fund, the Fund benchmarks performance primarily against short-term cash instruments and expects to provide returns over the long term that are substantially independent of movements in the stock and bond markets. In making investment decisions on behalf of the Fund, Eaton Vance utilizes macroeconomic and political analysis to identify opportunities throughout the world in both developed and emerging markets.  The Fund's investments will normally consist primarily of positions in the debt, currencies and interest rates of sovereign nations. The Fund may also invest in corporate debt and equity, municipal obligations and commodities-related investments. Under normal market conditions, the Fund invests at least 40% of its net assets in foreign investments and may have significant exposure to foreign currencies and derivative instruments.

"We're country pickers," said Michael Cirami, co-portfolio manager. "We seek to identify disconnects between a country's fundamentals and the pricing of assets in its investment markets." The Fund's flexible strategy allows for implementation of long positions in markets believed to be strong or improving, but also short positions as well. "Deteriorating markets can often represent some of the most compelling opportunities. Narrower mandates could miss them."

The Fund is managed by Eaton Vance's Global Fixed Income group, also responsible for managing the firm's Global Macro Absolute Return, Strategic Income, Emerging Markets Local Income and International Income Funds, which had combined assets under management of $11 billion as of August 31, 2010.  Relative to the original Global Macro Absolute Return Fund, the new Fund differs in two principal respects: first, a reduced exposure to investments in frontier markets, thereby freeing the Fund from capacity constraints that limit growth potential of the original product; and second, the targeting of higher levels of potential return and a willingness to accept commensurately higher performance volatility.  

"Our original Global Macro strategy gained wide popularity based on its consistently positive returns, low volatility and low correlation to most other asset classes," said Christopher Remington, Director of Fixed Income Product Management at Eaton Vance. "But investors have expressed significant interest in accessing a higher-return-potential fund that incorporates a similar approach to global markets."

"Global Macro Absolute Return Advantage will own larger and more concentrated positions in countries about which we have strong conviction," said Remington.  "The tradeoff with larger exposures is increased potential volatility, though we expect similarly low correlation to traditional equity and fixed-income markets.  From a business perspective, the new Fund allows us to build our position as a leading global macro manager."

Portfolio manager Michael Cirami discusses Eaton Vance's global macro investment philosophy and approach to risk management at boston.videolinktv.com/extranet/ev_aug27.  A new micro-site, www.eatonvance.com/gfi, provides additional information about absolute return investing and the firm's global macro investment approach.  

Eaton Vance is one of the oldest investment management firms in the United States, with a history dating to 1924.  Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

About Risk – The following is a summary of the primary risks of investing in the Fund. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, or other conditions. In emerging countries, these risks may be more significant. Derivatives instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses),  and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty and liquidity risk. Investments in income securities may be affected by changes in the real or perceived creditworthiness of their issuer and are subject to the risk of non-payment of principal and interest. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments rated below investment grade (typically referred to as "junk bonds") are generally subject to greater price volatility and illiquidity than higher rated investments and typically have greater credit risk. Because investments may be concentrated in a particular geographic region or country, the value of Fund shares may fluctuate more than that of a less concentrated fund. The value of commodities investments will generally be affected by overall market movements and factors specific to a particular industry or commodity including weather, embargoes, tariffs, or health, political, international and regulatory developments. A "non-diversified" fund may be exposed to greater risk by investing it assets in a smaller number of investments than a diversified fund. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.

Before investing, investors should consider carefully the investment objective, risks, charges and expenses of a mutual fund. This and other important information is contained in the prospectus or summary prospectus, if available, which can be obtained from a financial advisor. Prospective investors should read the prospectus carefully before investing.

Not FDIC Insured.  Not Bank Guaranteed.  May Lose Value.

The Funds are distributed by Eaton Vance Distributors, Inc. Two International Place, Boston, MA 02110

SOURCE Eaton Vance

Back to top

RELATED LINKS
http://www.eatonvance.com

The financial crisis produced an unprecedented seismic shift in the investing and planning landscape. To achieve their goals in the coming decade, high net worth investors must abandon some conventional ideas and accept the new realities of investing and planning, according to a new white paper released today by BNY Mellon Wealth Management.

2020 Vision: The Most Critical Decade(SM), the white paper describes a landscape that has been fundamentally changed, creating "unprecedented challenges – so many, in fact, that the decade ahead will, in many ways, be the most critical ever."

"Investors today are forced to deal with a profoundly different world that presents them with extreme uncertainty in terms of investing or constructing effective wealth and estate plans," said Larry Hughes, CEO of BNY Mellon Wealth Management. "The reality is that more investors are likely to fall short of their goals than in any time in the past 50 years," he said.

In addressing what it will take to succeed moving forward, 2020 Vision: The Most Critical Decade looks at the forces and causes that are shaping the new reality and prescribes what will be required for investors to successfully navigate a dynamic period of fundamental change. The paper explores the challenges of today's landscape across three principal dimensions:

Investment innovation and rigorous discipline. Unpredictability and volatility will call for a unique prescription that combines innovative thinking with a significantly heightened sense of discipline. Among the key trends driving this are an overabundance of rapidly changing information; sweeping policy changes and unpredictable economic headwinds; and hyper-sensitized market reactions.

Dynamic, seamless planning. The dislocation of the financial crisis made many investors abruptly aware of hidden shortcomings in their existing plans. Faced with the unexpected possibility of not having enough money for the rest of their lives or to leave legacies to children and philanthropic causes, investors must take a more dynamic, comprehensive and integrated approach to wealth planning.

A different quality of client-advisor engagement. Perhaps most far-reaching of the changes to investing wrought by the financial crisis is the degree to which investors must reconsider standard notions of the client-advisor engagement. In forging this new dynamic, investors will need to bring penetrating insights to their assessment of advisors, and advisors will need to use ways to communicate and construct client strategies.

"The key to navigating this new landscape is a holistic approach to investing and wealth planning which cuts across traditional silos," Hughes said. "In order to achieve this, there will be a need for increased communication between the client and advisor in a language that is free of jargon and industry speak and the establishment of trust that will allow advisors to adapt and react to a highly volatile and unpredictable investing environment."

BNY Mellon Wealth Management is among the nation's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It is among the top 10 U.S. wealth managers with about $150 billion in private client assets and an extensive network of offices in the U.S. and internationally.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon Wealth Management

Back to top

RELATED LINKS
http://www.bnymellon.com

Standard & Poor's (S&P) Equity Research has released the details of the quantitative methodology employed to identify top-ranked funds for its recently announced Mutual Fund Excellence Awards, as follows:

  • The time period considered for is September 12, 2009 (the date S&P Equity Research introduced its new mutual fund research methodology) through August 31, 2010, except for the "New and Notable" award category.

  • The Fund must be open to retail investors with a minimum initial investment of $25,000 investment or less.

  • The Fund must have been a fund with an overall S&P ranking of five-star with positive indications for Performance Analytics, Risk Considerations and Cost Factors as of August 31, 2010. Funds that are sector (e.g. Health Care) or regional focused (Latin America) along with Target Date funds were not considered for Awards.

  • The awards program includes a look back at the consistency of a fund's S&P five-star overall ranking for each week since September 2009.

  • If multiple share classes of same mutual fund were in the running for an award, the one with greatest assets under management was selected.

  • Three funds with the highest consistency score in each award category are to be declared Gold, Silver and Bronze recipients of S&P Mutual Fund Excellence Awards, assuming enough eligible funds.

  • In case of a tie (e.g. multiple funds that have been an S&P five-star each week have a consistency score of 100), the number of individual positive indications for ranking inputs entering into the overall ranking at the end of August will be counted.

  • A negative indication is counted against the total.  For example, if a fund had 9 out of 12 indications as positive, but 1 was negative, the positive indication count would be 8.

  • The "New and Notable" award category consists only of equity mutual funds with less than a 3-year track record as of November 2010.  Share classes of pre-existing funds will not be considered for the award.

About the Standard & Poor's Equity Research Mutual Fund Awards

The S&P Equity Research Mutual Fund Excellence Awards is an annual awards program designed to recognize those US mutual funds that have most consistently achieved the highest overall ranking during the previous measurement year based on S&P's proprietary quantitative research methodology.  Among the factors S&P's research methodology seeks to identify are consistent strong performance; high quality holdings as measured by S&P STARS research, S&P Credit Ratings and S&P Quality Ranks; and favorable cost factors.

More information about the awards and the award recipients can be found by going to:  www.spfundawards.com.

About Standard & Poor's Equity Research Services

As the world's largest producer of independent equity research, Standard & Poor's licenses its research to global institutions for their investors and advisors.  Standard & Poor's team of experienced U.S., European and Asian equity analysts use a fundamental, bottom-up approach to assess a global universe of multi-asset class securities across industries worldwide.  Follow Standard & Poor's equity analysts' U.S. market commentary each day at http://www.equityresearch.standardandpoors.com.  

The mutual fund rankings and/or equity research and recommendations provided by Standard & Poor's Equity Research Services are performed separately from any other analytic activity of Standard & Poor's. Standard & Poor's Equity Research Services has no access to non-public information received by other units of Standard & Poor's.  Standard & Poor's does not trade for its own account.  The analytical and ethical conduct of Standard & Poor's equity analysts is governed by the firm's Research Objectivity Policy, a copy of which may also be found at www.standardandpoors.com or by clicking here (http://www2.standardandpoors.com/spf/pdf/equity/ResearchObjectivityPolicy2005.pdf).

About Standard & Poor's

Standard & Poor's Financial Services, LLC, a subsidiary of The McGraw-Hill Companies, Inc. (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for  150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com.

Standard & Poor's and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.

Standard & Poor's or an affiliate may license certain intellectual property or provide pricing or other services to, or other wise have a financial interest in, certain issuers of securities, including exchange-traded funds and mutual funds whose investment objective is to substantially replicate the returns of a proprietary Standard & Poor's index, such as the S&P500. In cases where Standard & Poor's or an affiliate is paid fees that are tied to the amount of assets that are invested in the fund or the volume of trading activity in the fund, investment in the fund will generally result in Standard & Poor's or an affiliate earning compensation in addition to the subscription fees or other compensation for services rendered by Standard & Poor's.

These materials have been prepared solely for informational purposes based upon information from sources believed to be reliable. Standard & Poor's makes no representation with respect to the accuracy or completeness of these materials, the content of which may change without notice. Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.

A reference to a particular investment or security by Standard & Poor's and one of its affiliates is not a recommendation to buy, sell, or hold such investment or security, nor is it considered to be investment advice.

No endorsement of any mutual fund included in a mutual fund report should be implied by the fact that the mutual fund bears the S&P mark or is based on an S&P Index. S&P does not receive fees from ETFs and/ or mutual funds for their inclusion in mutual fund reports. Standard & Poor's Indices does not sponsor, endorse, sell, promote or recommend any index-based product. S&P does not receive fee from funds included in mutual fund reports. No other unit of S&P, including Rating Services, contributes to the content of a mutual fund report.

SOURCE Standard & Poor's

Back to top

RELATED LINKS
http://www.standardandpoors.com

The boards of directors of Cohen & Steers Closed-end Funds have adopted a level rate distribution policy for the funds and declared third quarter distributions, which reflect an increase in certain funds' regular quarterly distribution rates. Details for each fund's distributions follow.  The distributions are payable on September 30, 2010 to shareholders of record on September 24, 2010. The ex-dividend date is September 22, 2010.


Fund



NYSE
Symbol

June 2010
Quarterly
Distribution Per
Common Share

September 2010
Quarterly
Distribution Per
Common Share


Annualized
Yield at
Market(1)


Annualized
Yield at
NAV(1)

Cohen & Steers
Closed-End Opportunity Fund, Inc.

FOF

$0.2300

$0.2600

8.2%

7.5%







Cohen & Steers
Dividend Majors Fund, Inc.

DVM

$0.1250

$0.2300

8.2%

7.0%







Cohen & Steers
Global Income Builder, Inc.

INB

$0.2800

$0.2800

9.7%

9.8%







Cohen & Steers
Infrastructure Fund, Inc.

UTF

$0.2400

$0.3600

9.4%

8.0%







Cohen & Steers
Quality Income Realty Fund, Inc.

RQI

$0.0925

$0.1800

9.6%

7.8%







Cohen & Steers
REIT and Preferred Income Fund, Inc.

RNP

$0.2000

$0.3000

9.5%

7.8%







Cohen & Steers
Total Return Realty Fund, Inc.

RFI

$0.1250

$0.2200

7.6%

6.8%

(1) Yields at NAV and market price are calculated by dividing the annualized distribution rate (based on each fund's September 2010 distribution) by the NAV or market price, respectively, as of September 14, 2010.




Effective immediately, the funds will begin paying regular quarterly cash distributions to common shareholders at a level rate, which may be adjusted from time to time, based on the projected performance of the Fund. At times, to maintain a stable level of distributions, a fund may pay out more than its net investment income, possibly resulting in a return of capital which may be taxable as ordinary income.

The amount of quarterly distributions may vary depending on a number of factors, including changes in portfolio and market conditions. Each fund's distributions reflect net investment income, and may also include net realized capital gains and/or return of capital.  Return of capital includes distributions paid by a fund in excess of its net investment income and such excess is distributed from the fund's assets.  Under federal tax regulations, some or all of the return of capital distributed by a fund may be taxed as ordinary income.

In addition, distributions for funds investing in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to each fund after year-end by REITs held by a fund.

The amount and composition of each fund's distribution is disclosed quarterly at cohenandsteers.com; however, this information may change at the end of the year because the final tax characteristics of all fund distributions cannot be determined with certainty until after the end of the calendar year.  Final tax characteristics of all fund distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

More information is available at cohenandsteers.com.

About Cohen & Steers

Cohen & Steers is a manager of income-oriented equity portfolios specializing in U.S. and international real estate securities, large cap value stocks, listed infrastructure and utilities, and preferred securities. The company also manages alternative investment strategies such as hedged real estate securities portfolios and private real estate multi-manager strategies for qualified investors. Headquartered in New York City, with offices in London, Brussels, Hong Kong and

Seattle, Cohen & Steers serves individual and institutional investors through a broad range of investment vehicles.

SOURCE Cohen & Steers, Inc.

Back to top

RELATED LINKS
http://cohenandsteers.com

Virtus Investment Partners (Nasdaq: VRTS), which operates a multi-manager asset management business, has launched the Virtus International Equity Fund (Class A: VIEAX).

(Logo:  http://photos.prnewswire.com/prnh/20090105/NEM020LOGO)

(Logo:  http://www.newscom.com/cgi-bin/prnh/20090105/NEM020LOGO)

The new fund is subadvised by Pyrford International, a London-based investment management firm with a strong history of utilizing a benchmark-agnostic, high-quality approach to international investing.

"Broadening exposure to international markets is a strategy that many financial advisors and their clients embrace," said Frank Waltman, executive vice president, product management, at Virtus.  "The addition of the Pyrford-managed fund will complement our existing product line and offer our clients greater choice for the international allocation in their portfolio."

The fund invests in 15-20 countries in both developed and emerging markets.  The investment process begins with country selection, which Pyrford believes is the greatest driver of alpha and the most significant contributor to beta reduction.  At the stock level, a disciplined, fundamental process is employed to identify companies that offer specific value to the portfolio, relative to their potential long-term earnings growth.  

"Pyrford is very excited about this new opportunity to make our international equity strategy available to retail clients in the U.S.  For more than a decade, our strategy has a proven track record of delivering excellent long-term investment returns with reduced risk," said Tony Cousins, CFA, joint chief investment officer of Pyrford International.  "We look forward to working with Virtus in launching this new product and building a long-term relationship that will benefit both of our organizations and, most importantly, our mutual clients."  

The fund is co-managed by Cousins; Bruce Campbell, chief executive officer and joint chief investment officer; Paul Simons, CFA, head of portfolio management, Asia Pacific; and Daniel McDonagh, CFA, head of portfolio management, Europe/UK.  

About Pyrford International and Harris Investment Management, Inc.

Pyrford International, a wholly owned subsidiary of the Bank of Montreal, is an investment management firm based in the United Kingdom providing international asset management services for its clients.  Pyrford is part of BMO's private client group, which provides wealth management services in North America and the markets in which Pyrford additionally operates: Middle East, UK and Europe. Both Pyrford International and Harris Investments are registered investment advisors with the SEC.  Harris Investments is wholly owned by Harris Bankcorp Inc., which is an indirect wholly owned subsidiary of Bank of Montreal.  Pyrford and Harris Investments are part of BMO Asset Management™, the umbrella group for BMO Financial Group's institutional investment management companies, which offer a range of investment management products and services to retail and institutional clients globally.  

About Virtus Investment Partners, Inc.

Virtus Investment Partners (Nasdaq: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors.  The company, which had $25.1 billion under management as of June 30, 2010, provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process and individual brand.  Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs.  Additional information can be found at www.virtus.com.

Investors should carefully consider the investment objectives, risks, charges and expenses of any Virtus Mutual Fund before investing. The prospectus contains this and other information about a fund. Please contact your financial representative, call 1-800-243-4361, or visit www.virtus.com to obtain a current prospectus. You should read the prospectus carefully before you invest or send money.

Important risk considerations: Investing internationally, especially in emerging markets, involves additional risks such as currency, political, accounting, economic, and market risk.

Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.

Mutual Funds distributed by VP Distributors, Inc., member FINRA and subsidiary of Virtus Investment Partners, Inc.

SOURCE Virtus Investment Partners

Back to top

RELATED LINKS
http://www.virtus.com

American Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that its Board of Directors has declared a cash dividend of $1.40 per share for the third quarter 2010.  The dividend is payable on October 27, 2010 to common shareholders of record as of September 28, 2010, with an ex-dividend date of September 24, 2010.

ABOUT AGNC

AGNC is a REIT that invests in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The Company is externally managed and advised by American Capital Agency Management, LLC, an affiliate of American Capital, Ltd. ("American Capital"). For further information, please refer to www.AGNC.com.

ABOUT AMERICAN CAPITAL

American Capital is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products.  Founded in 1986, American Capital has $15 billion in capital resources under management and eight offices in the U.S., Europe and Asia.  American Capital and its affiliates will consider investment opportunities from $5 million to $100 million.  For further information, please refer to www.AmericanCapital.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results could differ materially from those projected in these forward-looking statements due to a variety of factors, including, without limitation, changes in interest rates, changes in the yield curve, changes in prepayment rates, the availability and terms of financing, changes in the market value of our assets, general economic conditions, market conditions, conditions in the market for agency securities, and legislative and regulatory changes that could adversely affect the business of the Company. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements, are included in the Company's periodic reports filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company disclaims any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt or new information, or otherwise.

CONTACT:

Investors – (301) 968-9300



SOURCE American Capital Agency Corp.

Back to top

RELATED LINKS
http://www.AGNC.com

MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for U.S. and European high- grade corporate bonds, emerging markets bonds and other fixed income securities, today announced that its seventh annual Charity Trading Day will be held on September 23, 2010. MarketAxess, in partnership with EMTA, will donate all emerging markets revenues from the trading day to emerging markets charities.

"Since launching electronic trading for emerging markets bonds over eight years ago, we are grateful to have developed many strong relationships within the emerging markets trading community," said Richard M. McVey, Chairman and Chief Executive Officer of MarketAxess. "We thank our investor and dealer clients for their continued support of the Annual Charity Trading Day, enabling us to provide valuable assistance to those in need in the emerging markets."

Each year charities are selected as beneficiaries by emerging markets industry benefit committees in New York and London. The charities that will benefit from this year's donations include:

  • Cotlands, a long-serving South African non-profit agency that continues to meet the needs of children affected by HIV/AIDS.

  • Children of the Andes, which supports street children in Colombia.

  • Downside Up, which provides support and education for children in Russia with Down's Syndrome.

  • EMpower, which connects the emerging markets community with innovative grassroots organizations enabling young people to lead healthy, productive lives.

  • Fonkoze, which offers micro finance services aimed at improving the economic and social conditions in Haiti.

  • Health Unlimited, which works with indigenous communities and communities affected by conflict and political instability to achieve better health.

  • NESST, an organization that provides financial and capacity-building support to social enterprises in Central Europe and Latin America.

  • Orphaned Starfish Foundation, an organization dedicated to working with orphans and disadvantaged children throughout Latin America.

  • WorldFund, which provides financial, managerial and technical assistance to partner schools in impoverished Latin American neighborhoods.

The total amount of this year's donations will be announced at the emerging markets debt industry's annual London and New York benefits, which are scheduled for Friday, October 1, 2010, and Thursday, December 2, 2010, respectively.

About MarketAxess

MarketAxess operates a leading electronic trading platform that enables investment industry professionals to efficiently trade corporate bonds and other types of fixed-income instruments. MarketAxess' patented trading technology allows institutional investor clients to request competitive, executable bids or offers from multiple broker-dealers simultaneously, and to execute trades with the broker-dealer of their choice.  Approximately 800 institutional investors are active users of the MarketAxess trading platform, accessing the global liquidity provided by MarketAxess' 80 broker-dealer clients in U.S. high-grade corporate bonds, European bonds, high yield and emerging markets bonds, agency bonds and credit default swaps.  MarketAxess also offers a number of trading-related products and services, including: market data to assist clients with trading decisions; connectivity solutions that facilitate straight-through processing; technology services to optimize trading environments; and execution services for exchange-traded fund managers and other clients.

MarketAxess maintains its headquarters in New York and has offices in London, Chicago and Salt Lake City.  For more information, please visit www.marketaxess.com.

About EMTA

Founded in 1990, EMTA (formerly the Emerging Markets Traders Association) is a not-for-profit corporation dedicated to promoting the orderly development of fair, efficient and transparent trading markets for emerging markets instruments, and the integration of the emerging markets into the global financial marketplace.

SOURCE MarketAxess Holdings Inc.

Back to top

RELATED LINKS
http://www.marketaxess.com

Eaton Vance Management, the Boston-based investment adviser, announced the monthly distributions declared on the common shares of three of its closed-end equity funds (the "Funds"). The record date for the distributions is September 23, 2010, and the payable date is September 30, 2010. The ex-date is September 21, 2010.  The distribution per share, closing market price on September 13, 2010 (or last trade price), and annualized market yield for each Fund are as follows:



Distribution

Closing

Annualized

Fund

Per Share

Market Price

Yield

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

$0.1075

$15.72

8.21%

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

$0.1025

$13.75

8.95%

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

$0.1167

$19.14

7.32%




The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), announced today the launch of Eaton Vance Global Macro Absolute Return Advantage Fund (Class A: EGRAX, Class C: EGRCX, Class I: EGRIX), a new mutual fund managed for total return.  Designed to complement traditional asset classes, the new Fund employs a flexible strategy that provides wide-ranging exposure to global investment opportunities, including many typically unrepresented in conventional investor portfolios.  

As an absolute return fund, the Fund benchmarks performance primarily against short-term cash instruments and expects to provide returns over the long term that are substantially independent of movements in the stock and bond markets. In making investment decisions on behalf of the Fund, Eaton Vance utilizes macroeconomic and political analysis to identify opportunities throughout the world in both developed and emerging markets.  The Fund's investments will normally consist primarily of positions in the debt, currencies and interest rates of sovereign nations. The Fund may also invest in corporate debt and equity, municipal obligations and commodities-related investments. Under normal market conditions, the Fund invests at least 40% of its net assets in foreign investments and may have significant exposure to foreign currencies and derivative instruments.

"We're country pickers," said Michael Cirami, co-portfolio manager. "We seek to identify disconnects between a country's fundamentals and the pricing of assets in its investment markets." The Fund's flexible strategy allows for implementation of long positions in markets believed to be strong or improving, but also short positions as well. "Deteriorating markets can often represent some of the most compelling opportunities. Narrower mandates could miss them."

The Fund is managed by Eaton Vance's Global Fixed Income group, also responsible for managing the firm's Global Macro Absolute Return, Strategic Income, Emerging Markets Local Income and International Income Funds, which had combined assets under management of $11 billion as of August 31, 2010.  Relative to the original Global Macro Absolute Return Fund, the new Fund differs in two principal respects: first, a reduced exposure to investments in frontier markets, thereby freeing the Fund from capacity constraints that limit growth potential of the original product; and second, the targeting of higher levels of potential return and a willingness to accept commensurately higher performance volatility.  

"Our original Global Macro strategy gained wide popularity based on its consistently positive returns, low volatility and low correlation to most other asset classes," said Christopher Remington, Director of Fixed Income Product Management at Eaton Vance. "But investors have expressed significant interest in accessing a higher-return-potential fund that incorporates a similar approach to global markets."

"Global Macro Absolute Return Advantage will own larger and more concentrated positions in countries about which we have strong conviction," said Remington.  "The tradeoff with larger exposures is increased potential volatility, though we expect similarly low correlation to traditional equity and fixed-income markets.  From a business perspective, the new Fund allows us to build our position as a leading global macro manager."

Portfolio manager Michael Cirami discusses Eaton Vance's global macro investment philosophy and approach to risk management at boston.videolinktv.com/extranet/ev_aug27.  A new micro-site, www.eatonvance.com/gfi, provides additional information about absolute return investing and the firm's global macro investment approach.  

Eaton Vance is one of the oldest investment management firms in the United States, with a history dating to 1924.  Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

About Risk – The following is a summary of the primary risks of investing in the Fund. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, or other conditions. In emerging countries, these risks may be more significant. Derivatives instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses),  and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty and liquidity risk. Investments in income securities may be affected by changes in the real or perceived creditworthiness of their issuer and are subject to the risk of non-payment of principal and interest. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments rated below investment grade (typically referred to as "junk bonds") are generally subject to greater price volatility and illiquidity than higher rated investments and typically have greater credit risk. Because investments may be concentrated in a particular geographic region or country, the value of Fund shares may fluctuate more than that of a less concentrated fund. The value of commodities investments will generally be affected by overall market movements and factors specific to a particular industry or commodity including weather, embargoes, tariffs, or health, political, international and regulatory developments. A "non-diversified" fund may be exposed to greater risk by investing it assets in a smaller number of investments than a diversified fund. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.

Before investing, investors should consider carefully the investment objective, risks, charges and expenses of a mutual fund. This and other important information is contained in the prospectus or summary prospectus, if available, which can be obtained from a financial advisor. Prospective investors should read the prospectus carefully before investing.

Not FDIC Insured.  Not Bank Guaranteed.  May Lose Value.

The Funds are distributed by Eaton Vance Distributors, Inc. Two International Place, Boston, MA 02110

SOURCE Eaton Vance

Back to top

RELATED LINKS
http://www.eatonvance.com

American Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that Gary Kain, Chief Investment Officer, is scheduled to make a presentation at the JMP Securities Financial Services and Real Estate Conference on Wednesday, September 29, 2010 in New York, NY.  The AGNC presentation is scheduled to begin at 3:00 pm ET.  The presentation will be webcast live and archived for 90 days on the AGNC website at http://ir.agnc.com.

For further information or questions, please contact Investor Relations at (301) 968-9300 or IR@AGNC.com.

ABOUT AGNC

AGNC is a REIT that invests in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The Company is externally managed and advised by American Capital Agency Management, LLC, an affiliate of American Capital, Ltd. ("American Capital"). For further information, please refer to www.AGNC.com.

ABOUT AMERICAN CAPITAL

American Capital is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products.  Founded in 1986, American Capital has $15 billion in capital resources under management and eight offices in the U.S., Europe and Asia.  American Capital and its affiliates will consider investment opportunities from $5 million to $100 million.  For further information, please refer to www.AmericanCapital.com.

CONTACT:

Investors – (301) 968-9300



SOURCE American Capital Agency Corp.

Back to top

RELATED LINKS
http://www.AGNC.com

Altegris Advisors (www.altegrismutualfunds.com) is pleased to announce the launch of the Altegris Managed Futures Strategy Fund (Tickers: MFTAX, MFTIX). The Fund offers a simple, convenient way for individual and professional investors to participate in Managed Futures through an actively managed mutual fund. Over the last decade, US Stocks lost -17%. Over the same period, Managed Futures gained +122%*.

"Managed Futures have a sustained historical track record throughout a number of major market scenarios," said Jon Sundt, President and CEO of Altegris Advisors and a Co-Portfolio Manager of the Fund.  "Until recently, the handful of Managed Futures mutual funds available to investors were primarily passive 'set-and-forget' index based products. The 'best-of-breed' investment managers were typically restricted to investors with high minimum net worth requirements. The Fund allows investors to participate in Managed Futures by investing in an actively managed mutual fund with low minimum investment requirements."

The Fund seeks to achieve positive absolute returns in rising and falling equity markets while experiencing less volatility than major equity market indices. The Managed Futures strategy is designed to capture returns related to trends in the commodities and financial futures markets by investing primarily in securities whose returns are derived from actively managed portfolios.

Key features of the Fund include:

  • Access to what Altegris Advisors believes are premier Managed Futures investment managers
  • Actively managed, dynamic portfolio – not a passive index fund
  • Daily liquidity
  • Low minimum investment
  • No investor pre-qualifications
  • 1099 tax reporting
  • Individual (Class A) and Institutional (Class I) share classes: MFTAX, MFTIX

"The new Fund seeks to meet the growing demand for accessible and trusted alternative investments by leveraging our history in Managed Futures", said Mr. Sundt. "We look forward to continuing to deliver innovative solutions with a singular focus on alternatives."

Please contact Amiee Watts at (973) 784-0025 or amiee@jcprinc.com or Andrea Trachtenberg at (800) 828-5225 or atrachtenberg@altegris.com for more information.

About Altegris Advisors

Altegris Advisors, LLC is the investment adviser to the Altegris Managed Futures Strategy Fund. It is an affiliate of the Altegris group of companies**, which also includes Altegris Investments and Altegris Funds. Currently, over $2.7 billion trading level is allocated through Altegris and its affiliates to alternative investments.

Altegris has one core mission – to find the best alternative investments for our clients. The Altegris platform offers a straightforward and efficient solution to provide what we believe are best-of-breed alternative investments designed to meet the needs of investment professionals and individual investors.  

With an institutional caliber Research and Investments Group focused solely on finding the best alternative investments for clients, Altegris applies rigorous quantitative and qualitative analysis to identify, select and proactively monitor investment talent across an array of alternative investment strategies. These strategies are available in a platform which includes: single strategy hedge funds, funds of funds, Managed Futures separate accounts and Managed Futures strategy funds.

* PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. There is no guarantee that any investment will achieve its objectives, generate profits or avoid losses. For the period from 7/1/00 to 8/31/10, Managed Futures, as measured by the Altegris 40 Index, returned a total return of 122% compared to -17% for the S&P 500 Total Return Index. Source: International Traders Research (ITR). The referenced indices are for general market comparisons and are not meant to represent the Fund. The Fund is new and has no performance history.

** The Altegris group of companies, referred to generally as "Altegris", includes:  (1) Altegris Advisors, LLC, an SEC-registered investment adviser; (2) Altegris Investments, Inc., an SEC-registered broker-dealer and CFTC-registered introducing broker and commodity trading advisor; (3) Altegris Portfolio Management, Inc. (dba Altegris Funds), a CFTC-registered commodity pool operator and California registered investment adviser; and (4) Altegris LLC (the parent holding company).

Altegris Advisors, Rodney Square Management Corporation, and Northern Lights Distributors are not affiliated.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Altegris Managed Futures Strategy Fund. This and other important information about the Fund is contained in the Prospectus, which can be obtained by calling (877) 772-5838. The Prospectus should be read carefully before investing. The Altegris Managed Futures Strategy Fund is distributed by Northern Lights Distributors, LLC member FINRA.

MUTUAL FUNDS INVOLVE RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL

The Fund's indirect and direct exposure to foreign currencies subjects the Fund to the risk that those currencies will decline in value relative to the U.S. Dollar, or, in the case of short positions, that the U.S. Dollar will decline in value relative to the currency that the Fund is short. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad. In addition, the Fund may incur transaction costs in connection with conversions between various currencies. The Fund will invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Fund may experience losses that exceed losses experienced by funds that do not use futures contracts and options. There may be an imperfect correlation between the changes in market value of the securities held by the Fund and the prices of futures and options on futures. Although futures contracts are generally liquid instruments, under certain market conditions there may not always be a liquid secondary market for a futures contract. As a result, the Fund may be unable to close out its futures contracts at a time which is advantageous. Trading restrictions or limitations may be imposed by an exchange, and government regulations may restrict trading in futures contracts and options. Because option premiums paid or received by the Fund are small in relation to the market value of the investments underlying the options, buying and selling put and call options can be more speculative than investing directly in securities. Over-the-counter transactions are subject to little, if any, regulation and may be subject to the risk of counterparty default. A portion of the Fund's assets may be used to trade OTC commodity interest contracts, such as forward contracts, option contracts in foreign currencies and other commodities, or swaps or spot contracts. A substantial portion of the trades of the global macro programs are expected to take place on markets or exchanges outside the United States. Some foreign markets present additional risk, because they are not subject to the same degree of regulation as their U.S. counterparts. Trading on foreign exchanges is subject to the risks presented by exchange controls, expropriation, increased tax burdens and exposure to local economic declines and political instability. An adverse development with respect to any of these variables could reduce the profit or increase the loss earned on trades in the affected international markets. International trading activities are subject to foreign exchange risk. The Fund may employ leverage and may invest in leveraged instruments. The more the Fund invests in leveraged instruments, the more this leverage will magnify any losses on those investments. Leverage will cause the value of the Fund's shares to be more volatile than if the Fund did not use leverage. The Fund may take short positions, directly and indirectly through the Subsidiary, in derivatives. If a derivative in which the Fund has a short position increases in price, the underlying Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss.

SOURCE JC Public Relations Inc

Back to top

RELATED LINKS
http://www.altegrismutualfunds.com

John Hancock Funds is continuing its efforts to encourage shareholders to "go green" by electing electronic delivery of account documents and materials. Currently, John Hancock Funds is in the midst of an email campaign intended to boost participation in e-delivery of shareholder quarterly statements, annual and semi-annual reports, and prospectuses.  

The email to shareholders may be accessed by clicking here.

"For shareholders, there are significant benefits to e-delivery," says Carey Foran Hoch, Senior Vice President and head of Marketing.  "You gain instant access to account information, and by receiving less paper mail you may lower your risk of identity theft while also reducing your carbon footprint. At John Hancock Funds, we make it easy to sign up online for e-delivery and to manage your preferences."

Shareholders who create an ID for access to the John Hancock Funds web site may view year-end statements for tax years 2008 and 2009, as well as 2010 quarterly statements. Brokerages already receive their copies of customer statements and confirms electronically from John Hancock Funds.  

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds manages more than $54.6 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors as at June 30, 2010.  

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. For more than 120 years, clients have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) as at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial may be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

Back to top

RELATED LINKS
http://www.johnhancock.com

The financial crisis produced an unprecedented seismic shift in the investing and planning landscape. To achieve their goals in the coming decade, high net worth investors must abandon some conventional ideas and accept the new realities of investing and planning, according to a new white paper released today by BNY Mellon Wealth Management.

2020 Vision: The Most Critical Decade(SM), the white paper describes a landscape that has been fundamentally changed, creating "unprecedented challenges – so many, in fact, that the decade ahead will, in many ways, be the most critical ever."

"Investors today are forced to deal with a profoundly different world that presents them with extreme uncertainty in terms of investing or constructing effective wealth and estate plans," said Larry Hughes, CEO of BNY Mellon Wealth Management. "The reality is that more investors are likely to fall short of their goals than in any time in the past 50 years," he said.

In addressing what it will take to succeed moving forward, 2020 Vision: The Most Critical Decade looks at the forces and causes that are shaping the new reality and prescribes what will be required for investors to successfully navigate a dynamic period of fundamental change. The paper explores the challenges of today's landscape across three principal dimensions:

Investment innovation and rigorous discipline. Unpredictability and volatility will call for a unique prescription that combines innovative thinking with a significantly heightened sense of discipline. Among the key trends driving this are an overabundance of rapidly changing information; sweeping policy changes and unpredictable economic headwinds; and hyper-sensitized market reactions.

Dynamic, seamless planning. The dislocation of the financial crisis made many investors abruptly aware of hidden shortcomings in their existing plans. Faced with the unexpected possibility of not having enough money for the rest of their lives or to leave legacies to children and philanthropic causes, investors must take a more dynamic, comprehensive and integrated approach to wealth planning.

A different quality of client-advisor engagement. Perhaps most far-reaching of the changes to investing wrought by the financial crisis is the degree to which investors must reconsider standard notions of the client-advisor engagement. In forging this new dynamic, investors will need to bring penetrating insights to their assessment of advisors, and advisors will need to use ways to communicate and construct client strategies.

"The key to navigating this new landscape is a holistic approach to investing and wealth planning which cuts across traditional silos," Hughes said. "In order to achieve this, there will be a need for increased communication between the client and advisor in a language that is free of jargon and industry speak and the establishment of trust that will allow advisors to adapt and react to a highly volatile and unpredictable investing environment."

BNY Mellon Wealth Management is among the nation's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It is among the top 10 U.S. wealth managers with about $150 billion in private client assets and an extensive network of offices in the U.S. and internationally.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon Wealth Management

Back to top

RELATED LINKS
http://www.bnymellon.com

Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG), a closed-end management investment company, today declared a monthly distribution of $0.09 per common share. As portfolio and market conditions change, the rate of future distributions may change. The distribution is expected to be paid on September 30, 2010, to shareholders of record on September 23, 2010.  The ex-date is September 21, 2010.

At this time the Fund believes that a portion of the September distribution may be comprised of amounts from sources other than net investment income.  If that is the case, you will be notified in writing.  Further information will be available prior to the payment date at http://individuals.eatonvance.com.  The final determination of tax characteristics of the Fund's distributions will occur after the end of the year, at which time it will be reported to the shareholders.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Management, the Boston-based investment adviser, today announced the quarterly distributions declared on the common shares of two of its closed-end equity funds (the "Funds"). The record date for the distributions is September 23, 2010, and the payable date is September 30, 2010. The ex-date is September 21, 2010.  The distribution per share for each Fund is as follows:


Distribution

Fund

Per Share



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

$0.400



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

$0.390



At this time the Funds believe that a portion of the September distribution may be comprised of amounts from sources other than net investment income.  If that is the case, you will be notified in writing.  Further information will be available prior to the payment date at http://individuals.eatonvance.com.  The final determination of tax characteristics of the Fund's distributions will occur after the end of the year, at which time it will be reported to the shareholders.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

The boards of directors of Cohen & Steers Closed-end Funds have adopted a level rate distribution policy for the funds and declared third quarter distributions, which reflect an increase in certain funds' regular quarterly distribution rates. Details for each fund's distributions follow.  The distributions are payable on September 30, 2010 to shareholders of record on September 24, 2010. The ex-dividend date is September 22, 2010.


Fund



NYSE
Symbol

June 2010
Quarterly
Distribution Per
Common Share

September 2010
Quarterly
Distribution Per
Common Share


Annualized
Yield at
Market(1)


Annualized
Yield at
NAV(1)

Cohen & Steers
Closed-End Opportunity Fund, Inc.

FOF

$0.2300

$0.2600

8.2%

7.5%







Cohen & Steers
Dividend Majors Fund, Inc.

DVM

$0.1250

$0.2300

8.2%

7.0%







Cohen & Steers
Global Income Builder, Inc.

INB

$0.2800

$0.2800

9.7%

9.8%







Cohen & Steers
Infrastructure Fund, Inc.

UTF

$0.2400

$0.3600

9.4%

8.0%







Cohen & Steers
Quality Income Realty Fund, Inc.

RQI

$0.0925

$0.1800

9.6%

7.8%







Cohen & Steers
REIT and Preferred Income Fund, Inc.

RNP

$0.2000

$0.3000

9.5%

7.8%







Cohen & Steers
Total Return Realty Fund, Inc.

RFI

$0.1250

$0.2200

7.6%

6.8%

(1) Yields at NAV and market price are calculated by dividing the annualized distribution rate (based on each fund's September 2010 distribution) by the NAV or market price, respectively, as of September 14, 2010.




Effective immediately, the funds will begin paying regular quarterly cash distributions to common shareholders at a level rate, which may be adjusted from time to time, based on the projected performance of the Fund. At times, to maintain a stable level of distributions, a fund may pay out more than its net investment income, possibly resulting in a return of capital which may be taxable as ordinary income.

The amount of quarterly distributions may vary depending on a number of factors, including changes in portfolio and market conditions. Each fund's distributions reflect net investment income, and may also include net realized capital gains and/or return of capital.  Return of capital includes distributions paid by a fund in excess of its net investment income and such excess is distributed from the fund's assets.  Under federal tax regulations, some or all of the return of capital distributed by a fund may be taxed as ordinary income.

In addition, distributions for funds investing in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to each fund after year-end by REITs held by a fund.

The amount and composition of each fund's distribution is disclosed quarterly at cohenandsteers.com; however, this information may change at the end of the year because the final tax characteristics of all fund distributions cannot be determined with certainty until after the end of the calendar year.  Final tax characteristics of all fund distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

More information is available at cohenandsteers.com.

About Cohen & Steers

Cohen & Steers is a manager of income-oriented equity portfolios specializing in U.S. and international real estate securities, large cap value stocks, listed infrastructure and utilities, and preferred securities. The company also manages alternative investment strategies such as hedged real estate securities portfolios and private real estate multi-manager strategies for qualified investors. Headquartered in New York City, with offices in London, Brussels, Hong Kong and

Seattle, Cohen & Steers serves individual and institutional investors through a broad range of investment vehicles.

SOURCE Cohen & Steers, Inc.

Back to top

RELATED LINKS
http://cohenandsteers.com

Altegris Advisors (www.altegrismutualfunds.com) is pleased to announce the launch of the Altegris Managed Futures Strategy Fund (Tickers: MFTAX, MFTIX). The Fund offers a simple, convenient way for individual and professional investors to participate in Managed Futures through an actively managed mutual fund. Over the last decade, US Stocks lost -17%. Over the same period, Managed Futures gained +122%*.

"Managed Futures have a sustained historical track record throughout a number of major market scenarios," said Jon Sundt, President and CEO of Altegris Advisors and a Co-Portfolio Manager of the Fund.  "Until recently, the handful of Managed Futures mutual funds available to investors were primarily passive 'set-and-forget' index based products. The 'best-of-breed' investment managers were typically restricted to investors with high minimum net worth requirements. The Fund allows investors to participate in Managed Futures by investing in an actively managed mutual fund with low minimum investment requirements."

The Fund seeks to achieve positive absolute returns in rising and falling equity markets while experiencing less volatility than major equity market indices. The Managed Futures strategy is designed to capture returns related to trends in the commodities and financial futures markets by investing primarily in securities whose returns are derived from actively managed portfolios.

Key features of the Fund include:

  • Access to what Altegris Advisors believes are premier Managed Futures investment managers
  • Actively managed, dynamic portfolio – not a passive index fund
  • Daily liquidity
  • Low minimum investment
  • No investor pre-qualifications
  • 1099 tax reporting
  • Individual (Class A) and Institutional (Class I) share classes: MFTAX, MFTIX

"The new Fund seeks to meet the growing demand for accessible and trusted alternative investments by leveraging our history in Managed Futures", said Mr. Sundt. "We look forward to continuing to deliver innovative solutions with a singular focus on alternatives."

Please contact Amiee Watts at (973) 784-0025 or amiee@jcprinc.com or Andrea Trachtenberg at (800) 828-5225 or atrachtenberg@altegris.com for more information.

About Altegris Advisors

Altegris Advisors, LLC is the investment adviser to the Altegris Managed Futures Strategy Fund. It is an affiliate of the Altegris group of companies**, which also includes Altegris Investments and Altegris Funds. Currently, over $2.7 billion trading level is allocated through Altegris and its affiliates to alternative investments.

Altegris has one core mission – to find the best alternative investments for our clients. The Altegris platform offers a straightforward and efficient solution to provide what we believe are best-of-breed alternative investments designed to meet the needs of investment professionals and individual investors.  

With an institutional caliber Research and Investments Group focused solely on finding the best alternative investments for clients, Altegris applies rigorous quantitative and qualitative analysis to identify, select and proactively monitor investment talent across an array of alternative investment strategies. These strategies are available in a platform which includes: single strategy hedge funds, funds of funds, Managed Futures separate accounts and Managed Futures strategy funds.

* PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. There is no guarantee that any investment will achieve its objectives, generate profits or avoid losses. For the period from 7/1/00 to 8/31/10, Managed Futures, as measured by the Altegris 40 Index, returned a total return of 122% compared to -17% for the S&P 500 Total Return Index. Source: International Traders Research (ITR). The referenced indices are for general market comparisons and are not meant to represent the Fund. The Fund is new and has no performance history.

** The Altegris group of companies, referred to generally as "Altegris", includes:  (1) Altegris Advisors, LLC, an SEC-registered investment adviser; (2) Altegris Investments, Inc., an SEC-registered broker-dealer and CFTC-registered introducing broker and commodity trading advisor; (3) Altegris Portfolio Management, Inc. (dba Altegris Funds), a CFTC-registered commodity pool operator and California registered investment adviser; and (4) Altegris LLC (the parent holding company).

Altegris Advisors, Rodney Square Management Corporation, and Northern Lights Distributors are not affiliated.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Altegris Managed Futures Strategy Fund. This and other important information about the Fund is contained in the Prospectus, which can be obtained by calling (877) 772-5838. The Prospectus should be read carefully before investing. The Altegris Managed Futures Strategy Fund is distributed by Northern Lights Distributors, LLC member FINRA.

MUTUAL FUNDS INVOLVE RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL

The Fund's indirect and direct exposure to foreign currencies subjects the Fund to the risk that those currencies will decline in value relative to the U.S. Dollar, or, in the case of short positions, that the U.S. Dollar will decline in value relative to the currency that the Fund is short. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad. In addition, the Fund may incur transaction costs in connection with conversions between various currencies. The Fund will invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Fund may experience losses that exceed losses experienced by funds that do not use futures contracts and options. There may be an imperfect correlation between the changes in market value of the securities held by the Fund and the prices of futures and options on futures. Although futures contracts are generally liquid instruments, under certain market conditions there may not always be a liquid secondary market for a futures contract. As a result, the Fund may be unable to close out its futures contracts at a time which is advantageous. Trading restrictions or limitations may be imposed by an exchange, and government regulations may restrict trading in futures contracts and options. Because option premiums paid or received by the Fund are small in relation to the market value of the investments underlying the options, buying and selling put and call options can be more speculative than investing directly in securities. Over-the-counter transactions are subject to little, if any, regulation and may be subject to the risk of counterparty default. A portion of the Fund's assets may be used to trade OTC commodity interest contracts, such as forward contracts, option contracts in foreign currencies and other commodities, or swaps or spot contracts. A substantial portion of the trades of the global macro programs are expected to take place on markets or exchanges outside the United States. Some foreign markets present additional risk, because they are not subject to the same degree of regulation as their U.S. counterparts. Trading on foreign exchanges is subject to the risks presented by exchange controls, expropriation, increased tax burdens and exposure to local economic declines and political instability. An adverse development with respect to any of these variables could reduce the profit or increase the loss earned on trades in the affected international markets. International trading activities are subject to foreign exchange risk. The Fund may employ leverage and may invest in leveraged instruments. The more the Fund invests in leveraged instruments, the more this leverage will magnify any losses on those investments. Leverage will cause the value of the Fund's shares to be more volatile than if the Fund did not use leverage. The Fund may take short positions, directly and indirectly through the Subsidiary, in derivatives. If a derivative in which the Fund has a short position increases in price, the underlying Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss.

SOURCE JC Public Relations Inc

Back to top

RELATED LINKS
http://www.altegrismutualfunds.com

Eaton Vance Management, the Boston-based investment adviser, announced the monthly distributions declared on the common shares of three of its closed-end equity funds (the "Funds"). The record date for the distributions is September 23, 2010, and the payable date is September 30, 2010. The ex-date is September 21, 2010.  The distribution per share, closing market price on September 13, 2010 (or last trade price), and annualized market yield for each Fund are as follows:



Distribution

Closing

Annualized

Fund

Per Share

Market Price

Yield

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

$0.1075

$15.72

8.21%

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

$0.1025

$13.75

8.95%

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

$0.1167

$19.14

7.32%




The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) have declared their monthly dividends.  The funds seek to provide investors with current dividend income that is exempt from regular federal income tax.  In addition, these funds feature income exempt from the federal alternative minimum tax (AMT).


Record Date:

Sept. 23, 2010




Ex-Dividend Date:

Sept. 21, 2010




Payable Date:

Oct. 1, 2010






Tax-Free Dividends Per Share


Closed-End Funds

Amount


Change From Previous Month

FMN

Federated Premier Municipal Income Fund

$  0.087


$  ---

FPT

Federated Premier Intermediate Municipal Income Fund

$  0.070


$  ---




Investors can view additional portfolio information in the Products section of FederatedInvestors.com.  

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $336.8 billion in assets as of June 30, 2010.  With 135 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,200 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com.  

SOURCE Federated Investors, Inc.

Back to top

RELATED LINKS
http://FederatedInvestors.com

Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), announced today the launch of Eaton Vance Global Macro Absolute Return Advantage Fund (Class A: EGRAX, Class C: EGRCX, Class I: EGRIX), a new mutual fund managed for total return.  Designed to complement traditional asset classes, the new Fund employs a flexible strategy that provides wide-ranging exposure to global investment opportunities, including many typically unrepresented in conventional investor portfolios.  

As an absolute return fund, the Fund benchmarks performance primarily against short-term cash instruments and expects to provide returns over the long term that are substantially independent of movements in the stock and bond markets. In making investment decisions on behalf of the Fund, Eaton Vance utilizes macroeconomic and political analysis to identify opportunities throughout the world in both developed and emerging markets.  The Fund's investments will normally consist primarily of positions in the debt, currencies and interest rates of sovereign nations. The Fund may also invest in corporate debt and equity, municipal obligations and commodities-related investments. Under normal market conditions, the Fund invests at least 40% of its net assets in foreign investments and may have significant exposure to foreign currencies and derivative instruments.

"We're country pickers," said Michael Cirami, co-portfolio manager. "We seek to identify disconnects between a country's fundamentals and the pricing of assets in its investment markets." The Fund's flexible strategy allows for implementation of long positions in markets believed to be strong or improving, but also short positions as well. "Deteriorating markets can often represent some of the most compelling opportunities. Narrower mandates could miss them."

The Fund is managed by Eaton Vance's Global Fixed Income group, also responsible for managing the firm's Global Macro Absolute Return, Strategic Income, Emerging Markets Local Income and International Income Funds, which had combined assets under management of $11 billion as of August 31, 2010.  Relative to the original Global Macro Absolute Return Fund, the new Fund differs in two principal respects: first, a reduced exposure to investments in frontier markets, thereby freeing the Fund from capacity constraints that limit growth potential of the original product; and second, the targeting of higher levels of potential return and a willingness to accept commensurately higher performance volatility.  

"Our original Global Macro strategy gained wide popularity based on its consistently positive returns, low volatility and low correlation to most other asset classes," said Christopher Remington, Director of Fixed Income Product Management at Eaton Vance. "But investors have expressed significant interest in accessing a higher-return-potential fund that incorporates a similar approach to global markets."

"Global Macro Absolute Return Advantage will own larger and more concentrated positions in countries about which we have strong conviction," said Remington.  "The tradeoff with larger exposures is increased potential volatility, though we expect similarly low correlation to traditional equity and fixed-income markets.  From a business perspective, the new Fund allows us to build our position as a leading global macro manager."

Portfolio manager Michael Cirami discusses Eaton Vance's global macro investment philosophy and approach to risk management at boston.videolinktv.com/extranet/ev_aug27.  A new micro-site, www.eatonvance.com/gfi, provides additional information about absolute return investing and the firm's global macro investment approach.  

Eaton Vance is one of the oldest investment management firms in the United States, with a history dating to 1924.  Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

About Risk – The following is a summary of the primary risks of investing in the Fund. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, or other conditions. In emerging countries, these risks may be more significant. Derivatives instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses),  and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty and liquidity risk. Investments in income securities may be affected by changes in the real or perceived creditworthiness of their issuer and are subject to the risk of non-payment of principal and interest. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments rated below investment grade (typically referred to as "junk bonds") are generally subject to greater price volatility and illiquidity than higher rated investments and typically have greater credit risk. Because investments may be concentrated in a particular geographic region or country, the value of Fund shares may fluctuate more than that of a less concentrated fund. The value of commodities investments will generally be affected by overall market movements and factors specific to a particular industry or commodity including weather, embargoes, tariffs, or health, political, international and regulatory developments. A "non-diversified" fund may be exposed to greater risk by investing it assets in a smaller number of investments than a diversified fund. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.

Before investing, investors should consider carefully the investment objective, risks, charges and expenses of a mutual fund. This and other important information is contained in the prospectus or summary prospectus, if available, which can be obtained from a financial advisor. Prospective investors should read the prospectus carefully before investing.

Not FDIC Insured.  Not Bank Guaranteed.  May Lose Value.

The Funds are distributed by Eaton Vance Distributors, Inc. Two International Place, Boston, MA 02110

SOURCE Eaton Vance

Back to top

RELATED LINKS
http://www.eatonvance.com

Standard & Poor's (S&P) Equity Research has released the details of the quantitative methodology employed to identify top-ranked funds for its recently announced Mutual Fund Excellence Awards, as follows:

  • The time period considered for is September 12, 2009 (the date S&P Equity Research introduced its new mutual fund research methodology) through August 31, 2010, except for the "New and Notable" award category.

  • The Fund must be open to retail investors with a minimum initial investment of $25,000 investment or less.

  • The Fund must have been a fund with an overall S&P ranking of five-star with positive indications for Performance Analytics, Risk Considerations and Cost Factors as of August 31, 2010. Funds that are sector (e.g. Health Care) or regional focused (Latin America) along with Target Date funds were not considered for Awards.

  • The awards program includes a look back at the consistency of a fund's S&P five-star overall ranking for each week since September 2009.

  • If multiple share classes of same mutual fund were in the running for an award, the one with greatest assets under management was selected.

  • Three funds with the highest consistency score in each award category are to be declared Gold, Silver and Bronze recipients of S&P Mutual Fund Excellence Awards, assuming enough eligible funds.

  • In case of a tie (e.g. multiple funds that have been an S&P five-star each week have a consistency score of 100), the number of individual positive indications for ranking inputs entering into the overall ranking at the end of August will be counted.

  • A negative indication is counted against the total.  For example, if a fund had 9 out of 12 indications as positive, but 1 was negative, the positive indication count would be 8.

  • The "New and Notable" award category consists only of equity mutual funds with less than a 3-year track record as of November 2010.  Share classes of pre-existing funds will not be considered for the award.

About the Standard & Poor's Equity Research Mutual Fund Awards

The S&P Equity Research Mutual Fund Excellence Awards is an annual awards program designed to recognize those US mutual funds that have most consistently achieved the highest overall ranking during the previous measurement year based on S&P's proprietary quantitative research methodology.  Among the factors S&P's research methodology seeks to identify are consistent strong performance; high quality holdings as measured by S&P STARS research, S&P Credit Ratings and S&P Quality Ranks; and favorable cost factors.

More information about the awards and the award recipients can be found by going to:  www.spfundawards.com.

About Standard & Poor's Equity Research Services

As the world's largest producer of independent equity research, Standard & Poor's licenses its research to global institutions for their investors and advisors.  Standard & Poor's team of experienced U.S., European and Asian equity analysts use a fundamental, bottom-up approach to assess a global universe of multi-asset class securities across industries worldwide.  Follow Standard & Poor's equity analysts' U.S. market commentary each day at http://www.equityresearch.standardandpoors.com.  

The mutual fund rankings and/or equity research and recommendations provided by Standard & Poor's Equity Research Services are performed separately from any other analytic activity of Standard & Poor's. Standard & Poor's Equity Research Services has no access to non-public information received by other units of Standard & Poor's.  Standard & Poor's does not trade for its own account.  The analytical and ethical conduct of Standard & Poor's equity analysts is governed by the firm's Research Objectivity Policy, a copy of which may also be found at www.standardandpoors.com or by clicking here (http://www2.standardandpoors.com/spf/pdf/equity/ResearchObjectivityPolicy2005.pdf).

About Standard & Poor's

Standard & Poor's Financial Services, LLC, a subsidiary of The McGraw-Hill Companies, Inc. (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for  150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com.

Standard & Poor's and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.

Standard & Poor's or an affiliate may license certain intellectual property or provide pricing or other services to, or other wise have a financial interest in, certain issuers of securities, including exchange-traded funds and mutual funds whose investment objective is to substantially replicate the returns of a proprietary Standard & Poor's index, such as the S&P500. In cases where Standard & Poor's or an affiliate is paid fees that are tied to the amount of assets that are invested in the fund or the volume of trading activity in the fund, investment in the fund will generally result in Standard & Poor's or an affiliate earning compensation in addition to the subscription fees or other compensation for services rendered by Standard & Poor's.

These materials have been prepared solely for informational purposes based upon information from sources believed to be reliable. Standard & Poor's makes no representation with respect to the accuracy or completeness of these materials, the content of which may change without notice. Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.

A reference to a particular investment or security by Standard & Poor's and one of its affiliates is not a recommendation to buy, sell, or hold such investment or security, nor is it considered to be investment advice.

No endorsement of any mutual fund included in a mutual fund report should be implied by the fact that the mutual fund bears the S&P mark or is based on an S&P Index. S&P does not receive fees from ETFs and/ or mutual funds for their inclusion in mutual fund reports. Standard & Poor's Indices does not sponsor, endorse, sell, promote or recommend any index-based product. S&P does not receive fee from funds included in mutual fund reports. No other unit of S&P, including Rating Services, contributes to the content of a mutual fund report.

SOURCE Standard & Poor's

Back to top

RELATED LINKS
http://www.standardandpoors.com

ING Investments, LLC announced the monthly distributions on the common shares of two of its closed-end funds: ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) and ING International High Dividend Equity Income Fund (NYSE: IID) (each a "Fund" and collectively, the "Funds"). With respect to each Fund, the distribution will be paid on October 15, 2010, to shareholders of record on October 5, 2010. The ex-dividend date is October 1, 2010. The distribution per share for each Fund is as follows:


Fund

Distribution Per Share

ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD)

$0.100

ING International High Dividend Equity Income Fund (NYSE: IID)



$0.092






Each Fund intends to make regular monthly distributions based on the past and projected performance of the Fund. The amount of monthly distributions may vary, depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the common shares may change.  There can be no assurance that a Fund will be able to declare a distribution in each period.

The tax treatment and characterization of a Fund's distributions may vary significantly from time to time depending on the net investment income of the Fund and whether the Fund has realized gains or losses from its options strategy versus gain or loss realizations in the equity securities in the portfolio. Each Fund's distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital.

The portion of each Fund's monthly distributions estimated to come from the Fund's option strategy, for tax purposes, may be treated as a combination of long-term and short-term capital gains, and/or a return of capital. The tax character of each Fund's option strategy is largely determined by movements in, and gain and loss realizations in the underlying equity portfolio. Under certain conditions, federal tax regulations may also cause some or all of the return of capital to be taxed as ordinary income. The final tax characteristics of the distributions cannot be determined with certainty until after the end of the calendar year, and will be reported to shareholders at that time.

IGD estimates that for the current fiscal year as of August 31, 2010, approximately 27% of each distribution is characterized as net investment income and 73% characterized as short-term capital gain.

IID estimates that for the current fiscal year as of August 31, 2010, approximately 23% of each distribution is characterized as net investment income and 77% characterized as short-term capital gain.

Certain statements made on behalf of the Funds in this release are forward- looking statements. The Funds actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Funds investments specifically. Neither the Funds nor ING undertake any responsibility to update publicly or revise any forward-looking statement.

ING Investments, LLC, the manager of the Funds, is part of ING, a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 125,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

SOURCE ING

Back to top
Eaton Vance Corp. (NYSE: EV), announced today the appointment of Scott P. Ruddick as Head of Institutional, responsible for business development, consultant relations and client service in the retirement plan and endowment and foundation marketplaces in the United States and Canada.  He will report to Matthew J. Witkos, President of Eaton Vance Distributors, Inc., who is assuming overall responsibility for the Company's distribution across all channels globally.    

Prior to joining Eaton Vance this month, Mr. Ruddick was affiliated with Mellon Capital Management for 13 years, most recently as Managing Director - North American Sales Manager.  He previously served in marketing and client service roles with PanAgora Asset Management and The Boston Company.  He holds a B.S. in business administration from the University of Hartford.

"Scott's deep roots in the institutional marketplace and demonstrated business development and sales management capabilities set him up to be an outstanding leader at Eaton Vance," said Mr. Witkos. "We believe he will have a significant impact advancing the Company's ambitious growth agenda in the institutional marketplace."  

Concurrent with the appointment of Mr. Ruddick, Mr. Witkos is expanding his responsibilities to encompass distribution of all Eaton Vance products and services to retail and institutional markets around the world. He joined the company in May 2007 to head retail distribution in the Americas.  

"Since joining Eaton Vance, Matt has distinguished himself as an outstanding sales and marketing executive, driving Eaton Vance to record sales results across the distribution channels he oversees," said Thomas E. Faust Jr., Chairman and Chief Executive Officer of Eaton Vance Corp.  "Expanding his responsibilities to include institutional and international markets positions the Company to better serve clients and achieve higher levels of sales performance across all markets."  

Eaton Vance is one of the oldest investment management firms in the United States, with a history dating to 1924.  Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Corp.

Back to top

RELATED LINKS
http://www.eatonvance.com

MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for U.S. and European high- grade corporate bonds, emerging markets bonds and other fixed income securities, today announced that its seventh annual Charity Trading Day will be held on September 23, 2010. MarketAxess, in partnership with EMTA, will donate all emerging markets revenues from the trading day to emerging markets charities.

"Since launching electronic trading for emerging markets bonds over eight years ago, we are grateful to have developed many strong relationships within the emerging markets trading community," said Richard M. McVey, Chairman and Chief Executive Officer of MarketAxess. "We thank our investor and dealer clients for their continued support of the Annual Charity Trading Day, enabling us to provide valuable assistance to those in need in the emerging markets."

Each year charities are selected as beneficiaries by emerging markets industry benefit committees in New York and London. The charities that will benefit from this year's donations include:

  • Cotlands, a long-serving South African non-profit agency that continues to meet the needs of children affected by HIV/AIDS.

  • Children of the Andes, which supports street children in Colombia.

  • Downside Up, which provides support and education for children in Russia with Down's Syndrome.

  • EMpower, which connects the emerging markets community with innovative grassroots organizations enabling young people to lead healthy, productive lives.

  • Fonkoze, which offers micro finance services aimed at improving the economic and social conditions in Haiti.

  • Health Unlimited, which works with indigenous communities and communities affected by conflict and political instability to achieve better health.

  • NESST, an organization that provides financial and capacity-building support to social enterprises in Central Europe and Latin America.

  • Orphaned Starfish Foundation, an organization dedicated to working with orphans and disadvantaged children throughout Latin America.

  • WorldFund, which provides financial, managerial and technical assistance to partner schools in impoverished Latin American neighborhoods.

The total amount of this year's donations will be announced at the emerging markets debt industry's annual London and New York benefits, which are scheduled for Friday, October 1, 2010, and Thursday, December 2, 2010, respectively.

About MarketAxess

MarketAxess operates a leading electronic trading platform that enables investment industry professionals to efficiently trade corporate bonds and other types of fixed-income instruments. MarketAxess' patented trading technology allows institutional investor clients to request competitive, executable bids or offers from multiple broker-dealers simultaneously, and to execute trades with the broker-dealer of their choice.  Approximately 800 institutional investors are active users of the MarketAxess trading platform, accessing the global liquidity provided by MarketAxess' 80 broker-dealer clients in U.S. high-grade corporate bonds, European bonds, high yield and emerging markets bonds, agency bonds and credit default swaps.  MarketAxess also offers a number of trading-related products and services, including: market data to assist clients with trading decisions; connectivity solutions that facilitate straight-through processing; technology services to optimize trading environments; and execution services for exchange-traded fund managers and other clients.

MarketAxess maintains its headquarters in New York and has offices in London, Chicago and Salt Lake City.  For more information, please visit www.marketaxess.com.

About EMTA

Founded in 1990, EMTA (formerly the Emerging Markets Traders Association) is a not-for-profit corporation dedicated to promoting the orderly development of fair, efficient and transparent trading markets for emerging markets instruments, and the integration of the emerging markets into the global financial marketplace.

SOURCE MarketAxess Holdings Inc.

Back to top

RELATED LINKS
http://www.marketaxess.com

DoubleLine Funds Trust will host a webcast on Tuesday, September 14 conducted by Jeffrey Gundlach, lead portfolio manager of the DoubleLine Total Return Bond Fund (I shares DBLTX; N shares DLTNX) and the DoubleLine Core Fixed Income Fund (I shares DBLFX; N shares DLFNX).

Mr. Gundlach will discuss the DoubleLine Core and Total Return Funds as well as his general market outlook.

The public is invited to join the webcast at the following time and online location:

When: 1:15 pm PT/ 4:15 pm ET Tuesday, September 14, 2010

Webcast link: http://www.talkpoint.com/viewer/starthere.asp?Pres=131804



About DoubleLine Funds Trust

DoubleLine Funds Trust (the "Trust") was formed as a Delaware statutory trust on January 11, 2010 and is a registered investment company. DoubleLine Capital LP (the "Adviser") will act as the investment adviser for the Trust. A prospectus for the Funds can be obtained by calling 1-877-DLINE11 or be downloaded from the Internet at www.doublelinefunds.com.

About DoubleLine Capital LP

DoubleLine Capital LP is a fixed income investment management firm and a registered investment adviser under the Investment Advisers Act of 1940. The firm is majority employee-owned with CEO Jeffrey Gundlach and President Philip Barach holding a combined controlling interest in the firm. Oaktree Capital Management, L.P., a premier global alternative and non-traditional investment manager, assisted DoubleLine in its startup and holds a minority ownership stake. DoubleLine's headquarters is in Los Angeles, CA. Its offices can be reached by telephone at (213) 633-8200 or by e-mail at info@doubleline.com.

The investment objectives, risks, charges and expenses of the DoubleLine Funds must be considered carefully before investing. The prospectus contains this and other important information about the Funds, and it may be obtained by calling 1 (877) 354-6311/ 1 (877) DLINE11, or visiting www.doublelinefunds.com. Read it carefully before investing.

Investments in debt securities typically decrease when interest rates rise.  This risk is usually greater for longer-term debt securities.  Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities.

The DoubleLine Total Return Bond Fund and the DoubleLine Core Fixed Income Fund can invest in Asset-Backed and Mortgage-Backed securities, which include additional risks that investors should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.  The Core Fixed Income Fund also can invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets.

The DoubleLine Funds are distributed by Quasar Distributors, LLC.

©2010 DoubleLine Funds Trust

SOURCE DoubleLine Funds Trust

Back to top

RELATED LINKS
http://www.doublelinefunds.com

Standard & Poor's (S&P) Equity Research has released the details of the quantitative methodology employed to identify top-ranked funds for its recently announced Mutual Fund Excellence Awards, as follows:

  • The time period considered for is September 12, 2009 (the date S&P Equity Research introduced its new mutual fund research methodology) through August 31, 2010, except for the "New and Notable" award category.

  • The Fund must be open to retail investors with a minimum initial investment of $25,000 investment or less.

  • The Fund must have been a fund with an overall S&P ranking of five-star with positive indications for Performance Analytics, Risk Considerations and Cost Factors as of August 31, 2010. Funds that are sector (e.g. Health Care) or regional focused (Latin America) along with Target Date funds were not considered for Awards.

  • The awards program includes a look back at the consistency of a fund's S&P five-star overall ranking for each week since September 2009.

  • If multiple share classes of same mutual fund were in the running for an award, the one with greatest assets under management was selected.

  • Three funds with the highest consistency score in each award category are to be declared Gold, Silver and Bronze recipients of S&P Mutual Fund Excellence Awards, assuming enough eligible funds.

  • In case of a tie (e.g. multiple funds that have been an S&P five-star each week have a consistency score of 100), the number of individual positive indications for ranking inputs entering into the overall ranking at the end of August will be counted.

  • A negative indication is counted against the total.  For example, if a fund had 9 out of 12 indications as positive, but 1 was negative, the positive indication count would be 8.

  • The "New and Notable" award category consists only of equity mutual funds with less than a 3-year track record as of November 2010.  Share classes of pre-existing funds will not be considered for the award.

About the Standard & Poor's Equity Research Mutual Fund Awards

The S&P Equity Research Mutual Fund Excellence Awards is an annual awards program designed to recognize those US mutual funds that have most consistently achieved the highest overall ranking during the previous measurement year based on S&P's proprietary quantitative research methodology.  Among the factors S&P's research methodology seeks to identify are consistent strong performance; high quality holdings as measured by S&P STARS research, S&P Credit Ratings and S&P Quality Ranks; and favorable cost factors.

More information about the awards and the award recipients can be found by going to:  www.spfundawards.com.

About Standard & Poor's Equity Research Services

As the world's largest producer of independent equity research, Standard & Poor's licenses its research to global institutions for their investors and advisors.  Standard & Poor's team of experienced U.S., European and Asian equity analysts use a fundamental, bottom-up approach to assess a global universe of multi-asset class securities across industries worldwide.  Follow Standard & Poor's equity analysts' U.S. market commentary each day at http://www.equityresearch.standardandpoors.com.  

The mutual fund rankings and/or equity research and recommendations provided by Standard & Poor's Equity Research Services are performed separately from any other analytic activity of Standard & Poor's. Standard & Poor's Equity Research Services has no access to non-public information received by other units of Standard & Poor's.  Standard & Poor's does not trade for its own account.  The analytical and ethical conduct of Standard & Poor's equity analysts is governed by the firm's Research Objectivity Policy, a copy of which may also be found at www.standardandpoors.com or by clicking here (http://www2.standardandpoors.com/spf/pdf/equity/ResearchObjectivityPolicy2005.pdf).

About Standard & Poor's

Standard & Poor's Financial Services, LLC, a subsidiary of The McGraw-Hill Companies, Inc. (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for  150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com.

Standard & Poor's and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.

Standard & Poor's or an affiliate may license certain intellectual property or provide pricing or other services to, or other wise have a financial interest in, certain issuers of securities, including exchange-traded funds and mutual funds whose investment objective is to substantially replicate the returns of a proprietary Standard & Poor's index, such as the S&P500. In cases where Standard & Poor's or an affiliate is paid fees that are tied to the amount of assets that are invested in the fund or the volume of trading activity in the fund, investment in the fund will generally result in Standard & Poor's or an affiliate earning compensation in addition to the subscription fees or other compensation for services rendered by Standard & Poor's.

These materials have been prepared solely for informational purposes based upon information from sources believed to be reliable. Standard & Poor's makes no representation with respect to the accuracy or completeness of these materials, the content of which may change without notice. Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.

A reference to a particular investment or security by Standard & Poor's and one of its affiliates is not a recommendation to buy, sell, or hold such investment or security, nor is it considered to be investment advice.

No endorsement of any mutual fund included in a mutual fund report should be implied by the fact that the mutual fund bears the S&P mark or is based on an S&P Index. S&P does not receive fees from ETFs and/ or mutual funds for their inclusion in mutual fund reports. Standard & Poor's Indices does not sponsor, endorse, sell, promote or recommend any index-based product. S&P does not receive fee from funds included in mutual fund reports. No other unit of S&P, including Rating Services, contributes to the content of a mutual fund report.

SOURCE Standard & Poor's

Back to top

RELATED LINKS
http://www.standardandpoors.com

The boards of directors of Cohen & Steers Closed-end Funds have adopted a level rate distribution policy for the funds and declared third quarter distributions, which reflect an increase in certain funds' regular quarterly distribution rates. Details for each fund's distributions follow.  The distributions are payable on September 30, 2010 to shareholders of record on September 24, 2010. The ex-dividend date is September 22, 2010.


Fund



NYSE
Symbol

June 2010
Quarterly
Distribution Per
Common Share

September 2010
Quarterly
Distribution Per
Common Share


Annualized
Yield at
Market(1)


Annualized
Yield at
NAV(1)

Cohen & Steers
Closed-End Opportunity Fund, Inc.

FOF

$0.2300

$0.2600

8.2%

7.5%







Cohen & Steers
Dividend Majors Fund, Inc.

DVM

$0.1250

$0.2300

8.2%

7.0%







Cohen & Steers
Global Income Builder, Inc.

INB

$0.2800

$0.2800

9.7%

9.8%







Cohen & Steers
Infrastructure Fund, Inc.

UTF

$0.2400

$0.3600

9.4%

8.0%







Cohen & Steers
Quality Income Realty Fund, Inc.

RQI

$0.0925

$0.1800

9.6%

7.8%







Cohen & Steers
REIT and Preferred Income Fund, Inc.

RNP

$0.2000

$0.3000

9.5%

7.8%







Cohen & Steers
Total Return Realty Fund, Inc.

RFI

$0.1250

$0.2200

7.6%

6.8%

(1) Yields at NAV and market price are calculated by dividing the annualized distribution rate (based on each fund's September 2010 distribution) by the NAV or market price, respectively, as of September 14, 2010.




Effective immediately, the funds will begin paying regular quarterly cash distributions to common shareholders at a level rate, which may be adjusted from time to time, based on the projected performance of the Fund. At times, to maintain a stable level of distributions, a fund may pay out more than its net investment income, possibly resulting in a return of capital which may be taxable as ordinary income.

The amount of quarterly distributions may vary depending on a number of factors, including changes in portfolio and market conditions. Each fund's distributions reflect net investment income, and may also include net realized capital gains and/or return of capital.  Return of capital includes distributions paid by a fund in excess of its net investment income and such excess is distributed from the fund's assets.  Under federal tax regulations, some or all of the return of capital distributed by a fund may be taxed as ordinary income.

In addition, distributions for funds investing in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to each fund after year-end by REITs held by a fund.

The amount and composition of each fund's distribution is disclosed quarterly at cohenandsteers.com; however, this information may change at the end of the year because the final tax characteristics of all fund distributions cannot be determined with certainty until after the end of the calendar year.  Final tax characteristics of all fund distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

More information is available at cohenandsteers.com.

About Cohen & Steers

Cohen & Steers is a manager of income-oriented equity portfolios specializing in U.S. and international real estate securities, large cap value stocks, listed infrastructure and utilities, and preferred securities. The company also manages alternative investment strategies such as hedged real estate securities portfolios and private real estate multi-manager strategies for qualified investors. Headquartered in New York City, with offices in London, Brussels, Hong Kong and

Seattle, Cohen & Steers serves individual and institutional investors through a broad range of investment vehicles.

SOURCE Cohen & Steers, Inc.

Back to top

RELATED LINKS
http://cohenandsteers.com

ING Investments, LLC announced the monthly distributions on the common shares of two of its closed-end funds: ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) and ING International High Dividend Equity Income Fund (NYSE: IID) (each a "Fund" and collectively, the "Funds"). With respect to each Fund, the distribution will be paid on October 15, 2010, to shareholders of record on October 5, 2010. The ex-dividend date is October 1, 2010. The distribution per share for each Fund is as follows:


Fund

Distribution Per Share

ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD)

$0.100

ING International High Dividend Equity Income Fund (NYSE: IID)



$0.092






Each Fund intends to make regular monthly distributions based on the past and projected performance of the Fund. The amount of monthly distributions may vary, depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the common shares may change.  There can be no assurance that a Fund will be able to declare a distribution in each period.

The tax treatment and characterization of a Fund's distributions may vary significantly from time to time depending on the net investment income of the Fund and whether the Fund has realized gains or losses from its options strategy versus gain or loss realizations in the equity securities in the portfolio. Each Fund's distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital.

The portion of each Fund's monthly distributions estimated to come from the Fund's option strategy, for tax purposes, may be treated as a combination of long-term and short-term capital gains, and/or a return of capital. The tax character of each Fund's option strategy is largely determined by movements in, and gain and loss realizations in the underlying equity portfolio. Under certain conditions, federal tax regulations may also cause some or all of the return of capital to be taxed as ordinary income. The final tax characteristics of the distributions cannot be determined with certainty until after the end of the calendar year, and will be reported to shareholders at that time.

IGD estimates that for the current fiscal year as of August 31, 2010, approximately 27% of each distribution is characterized as net investment income and 73% characterized as short-term capital gain.

IID estimates that for the current fiscal year as of August 31, 2010, approximately 23% of each distribution is characterized as net investment income and 77% characterized as short-term capital gain.

Certain statements made on behalf of the Funds in this release are forward- looking statements. The Funds actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Funds investments specifically. Neither the Funds nor ING undertake any responsibility to update publicly or revise any forward-looking statement.

ING Investments, LLC, the manager of the Funds, is part of ING, a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 125,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

SOURCE ING

Back to top
American Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that its Board of Directors has declared a cash dividend of $1.40 per share for the third quarter 2010.  The dividend is payable on October 27, 2010 to common shareholders of record as of September 28, 2010, with an ex-dividend date of September 24, 2010.

ABOUT AGNC

AGNC is a REIT that invests in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The Company is externally managed and advised by American Capital Agency Management, LLC, an affiliate of American Capital, Ltd. ("American Capital"). For further information, please refer to www.AGNC.com.

ABOUT AMERICAN CAPITAL

American Capital is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products.  Founded in 1986, American Capital has $15 billion in capital resources under management and eight offices in the U.S., Europe and Asia.  American Capital and its affiliates will consider investment opportunities from $5 million to $100 million.  For further information, please refer to www.AmericanCapital.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results could differ materially from those projected in these forward-looking statements due to a variety of factors, including, without limitation, changes in interest rates, changes in the yield curve, changes in prepayment rates, the availability and terms of financing, changes in the market value of our assets, general economic conditions, market conditions, conditions in the market for agency securities, and legislative and regulatory changes that could adversely affect the business of the Company. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements, are included in the Company's periodic reports filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company disclaims any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt or new information, or otherwise.

CONTACT:

Investors – (301) 968-9300



SOURCE American Capital Agency Corp.

Back to top

RELATED LINKS
http://www.AGNC.com

Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) have declared their monthly dividends.  The funds seek to provide investors with current dividend income that is exempt from regular federal income tax.  In addition, these funds feature income exempt from the federal alternative minimum tax (AMT).


Record Date:

Sept. 23, 2010




Ex-Dividend Date:

Sept. 21, 2010




Payable Date:

Oct. 1, 2010






Tax-Free Dividends Per Share


Closed-End Funds

Amount


Change From Previous Month

FMN

Federated Premier Municipal Income Fund

$  0.087


$  ---

FPT

Federated Premier Intermediate Municipal Income Fund

$  0.070


$  ---




Investors can view additional portfolio information in the Products section of FederatedInvestors.com.  

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $336.8 billion in assets as of June 30, 2010.  With 135 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,200 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com.  

SOURCE Federated Investors, Inc.

Back to top

RELATED LINKS
http://FederatedInvestors.com

DoubleLine Funds Trust will host a webcast on Tuesday, September 14 conducted by Jeffrey Gundlach, lead portfolio manager of the DoubleLine Total Return Bond Fund (I shares DBLTX; N shares DLTNX) and the DoubleLine Core Fixed Income Fund (I shares DBLFX; N shares DLFNX).

Mr. Gundlach will discuss the DoubleLine Core and Total Return Funds as well as his general market outlook.

The public is invited to join the webcast at the following time and online location:

When: 1:15 pm PT/ 4:15 pm ET Tuesday, September 14, 2010

Webcast link: http://www.talkpoint.com/viewer/starthere.asp?Pres=131804



About DoubleLine Funds Trust

DoubleLine Funds Trust (the "Trust") was formed as a Delaware statutory trust on January 11, 2010 and is a registered investment company. DoubleLine Capital LP (the "Adviser") will act as the investment adviser for the Trust. A prospectus for the Funds can be obtained by calling 1-877-DLINE11 or be downloaded from the Internet at www.doublelinefunds.com.

About DoubleLine Capital LP

DoubleLine Capital LP is a fixed income investment management firm and a registered investment adviser under the Investment Advisers Act of 1940. The firm is majority employee-owned with CEO Jeffrey Gundlach and President Philip Barach holding a combined controlling interest in the firm. Oaktree Capital Management, L.P., a premier global alternative and non-traditional investment manager, assisted DoubleLine in its startup and holds a minority ownership stake. DoubleLine's headquarters is in Los Angeles, CA. Its offices can be reached by telephone at (213) 633-8200 or by e-mail at info@doubleline.com.

The investment objectives, risks, charges and expenses of the DoubleLine Funds must be considered carefully before investing. The prospectus contains this and other important information about the Funds, and it may be obtained by calling 1 (877) 354-6311/ 1 (877) DLINE11, or visiting www.doublelinefunds.com. Read it carefully before investing.

Investments in debt securities typically decrease when interest rates rise.  This risk is usually greater for longer-term debt securities.  Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities.

The DoubleLine Total Return Bond Fund and the DoubleLine Core Fixed Income Fund can invest in Asset-Backed and Mortgage-Backed securities, which include additional risks that investors should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.  The Core Fixed Income Fund also can invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets.

The DoubleLine Funds are distributed by Quasar Distributors, LLC.

©2010 DoubleLine Funds Trust

SOURCE DoubleLine Funds Trust

Back to top

RELATED LINKS
http://www.doublelinefunds.com

Federated Investors, Inc. today announced that monthly fund composition and performance data for Federated Enhanced Treasury Income Fund (NYSE: FTT), Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) as of Aug. 31, 2010 are now available in the Products section of FederatedInvestors.com.  To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x8079, email CEinfo@federatedinv.com or write to Federated Investors, 1001 Liberty Avenue, Floor 23, Pittsburgh, Pennsylvania 15222.  

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $336.8 billion in assets as of June 30, 2010.  With 135 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,200 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com.

SOURCE Federated Investors, Inc.

Back to top

RELATED LINKS
http://FederatedInvestors.com

Lincoln Financial Group (NYSE: LNC) today announced that Charlie Armstrong has joined Lincoln Financial Group as Vice President, Brand Management effective immediately. Armstrong will direct the overall brand strategy for Lincoln Financial to enhance the company's corporate reputation and capitalize on its innovative and responsive product offerings and industry leading distribution model.  Armstrong reports directly to Chief Marketing Officer Heather Dzielak.

"Because a strong brand is so critical to the long term success of any organization, we are committed to ensuring that the Lincoln Financial brand experience sets us apart in the marketplace," said Dzielak. "We are excited to leverage Charlie's extensive experience as a creative strategist to take our brand program to new heights."  

Armstrong joins Lincoln Financial with more than 25 years of brand management and market research experience in the agency community and within the financial services sector. Most recently, he was the Senior Director of Advertising and Global Branding at AIG where he was responsible for all AIG corporate advertising and branding, including leading creative development, all branding research, brand sponsorships and media. Prior to AIG, Armstrong was a Senior Partner at Ogilvy and Mather, where he led the agency team working the AIG account. Armstrong holds a BA from Cornell University.

About Lincoln Financial Group

Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $140 billion as of June 30, 2010. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability insurance; 401(k) and 403(b) plans; and comprehensive financial planning and advisory services. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.

(Logo: http://photos.prnewswire.com/prnh/20050830/LFLOGO )

(Logo: http://www.newscom.com/cgi-bin/prnh/20050830/LFLOGO )

SOURCE Lincoln Financial Group

Back to top

RELATED LINKS
http://www.LincolnFinancial.com

ING Investments, LLC announced the monthly distributions on the common shares of two of its closed-end funds: ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) and ING International High Dividend Equity Income Fund (NYSE: IID) (each a "Fund" and collectively, the "Funds"). With respect to each Fund, the distribution will be paid on October 15, 2010, to shareholders of record on October 5, 2010. The ex-dividend date is October 1, 2010. The distribution per share for each Fund is as follows:


Fund

Distribution Per Share

ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD)

$0.100

ING International High Dividend Equity Income Fund (NYSE: IID)



$0.092






Each Fund intends to make regular monthly distributions based on the past and projected performance of the Fund. The amount of monthly distributions may vary, depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the common shares may change.  There can be no assurance that a Fund will be able to declare a distribution in each period.

The tax treatment and characterization of a Fund's distributions may vary significantly from time to time depending on the net investment income of the Fund and whether the Fund has realized gains or losses from its options strategy versus gain or loss realizations in the equity securities in the portfolio. Each Fund's distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital.

The portion of each Fund's monthly distributions estimated to come from the Fund's option strategy, for tax purposes, may be treated as a combination of long-term and short-term capital gains, and/or a return of capital. The tax character of each Fund's option strategy is largely determined by movements in, and gain and loss realizations in the underlying equity portfolio. Under certain conditions, federal tax regulations may also cause some or all of the return of capital to be taxed as ordinary income. The final tax characteristics of the distributions cannot be determined with certainty until after the end of the calendar year, and will be reported to shareholders at that time.

IGD estimates that for the current fiscal year as of August 31, 2010, approximately 27% of each distribution is characterized as net investment income and 73% characterized as short-term capital gain.

IID estimates that for the current fiscal year as of August 31, 2010, approximately 23% of each distribution is characterized as net investment income and 77% characterized as short-term capital gain.

Certain statements made on behalf of the Funds in this release are forward- looking statements. The Funds actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Funds investments specifically. Neither the Funds nor ING undertake any responsibility to update publicly or revise any forward-looking statement.

ING Investments, LLC, the manager of the Funds, is part of ING, a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 125,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

SOURCE ING

Back to top
Virtus Investment Partners (Nasdaq: VRTS), which operates a multi-manager asset management business, has launched the Virtus International Equity Fund (Class A: VIEAX).

(Logo:  http://photos.prnewswire.com/prnh/20090105/NEM020LOGO)

(Logo:  http://www.newscom.com/cgi-bin/prnh/20090105/NEM020LOGO)

The new fund is subadvised by Pyrford International, a London-based investment management firm with a strong history of utilizing a benchmark-agnostic, high-quality approach to international investing.

"Broadening exposure to international markets is a strategy that many financial advisors and their clients embrace," said Frank Waltman, executive vice president, product management, at Virtus.  "The addition of the Pyrford-managed fund will complement our existing product line and offer our clients greater choice for the international allocation in their portfolio."

The fund invests in 15-20 countries in both developed and emerging markets.  The investment process begins with country selection, which Pyrford believes is the greatest driver of alpha and the most significant contributor to beta reduction.  At the stock level, a disciplined, fundamental process is employed to identify companies that offer specific value to the portfolio, relative to their potential long-term earnings growth.  

"Pyrford is very excited about this new opportunity to make our international equity strategy available to retail clients in the U.S.  For more than a decade, our strategy has a proven track record of delivering excellent long-term investment returns with reduced risk," said Tony Cousins, CFA, joint chief investment officer of Pyrford International.  "We look forward to working with Virtus in launching this new product and building a long-term relationship that will benefit both of our organizations and, most importantly, our mutual clients."  

The fund is co-managed by Cousins; Bruce Campbell, chief executive officer and joint chief investment officer; Paul Simons, CFA, head of portfolio management, Asia Pacific; and Daniel McDonagh, CFA, head of portfolio management, Europe/UK.  

About Pyrford International and Harris Investment Management, Inc.

Pyrford International, a wholly owned subsidiary of the Bank of Montreal, is an investment management firm based in the United Kingdom providing international asset management services for its clients.  Pyrford is part of BMO's private client group, which provides wealth management services in North America and the markets in which Pyrford additionally operates: Middle East, UK and Europe. Both Pyrford International and Harris Investments are registered investment advisors with the SEC.  Harris Investments is wholly owned by Harris Bankcorp Inc., which is an indirect wholly owned subsidiary of Bank of Montreal.  Pyrford and Harris Investments are part of BMO Asset Management™, the umbrella group for BMO Financial Group's institutional investment management companies, which offer a range of investment management products and services to retail and institutional clients globally.  

About Virtus Investment Partners, Inc.

Virtus Investment Partners (Nasdaq: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors.  The company, which had $25.1 billion under management as of June 30, 2010, provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process and individual brand.  Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs.  Additional information can be found at www.virtus.com.

Investors should carefully consider the investment objectives, risks, charges and expenses of any Virtus Mutual Fund before investing. The prospectus contains this and other information about a fund. Please contact your financial representative, call 1-800-243-4361, or visit www.virtus.com to obtain a current prospectus. You should read the prospectus carefully before you invest or send money.

Important risk considerations: Investing internationally, especially in emerging markets, involves additional risks such as currency, political, accounting, economic, and market risk.

Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.

Mutual Funds distributed by VP Distributors, Inc., member FINRA and subsidiary of Virtus Investment Partners, Inc.

SOURCE Virtus Investment Partners

Back to top

RELATED LINKS
http://www.virtus.com

American Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that its Board of Directors has declared a cash dividend of $1.40 per share for the third quarter 2010.  The dividend is payable on October 27, 2010 to common shareholders of record as of September 28, 2010, with an ex-dividend date of September 24, 2010.

ABOUT AGNC

AGNC is a REIT that invests in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The Company is externally managed and advised by American Capital Agency Management, LLC, an affiliate of American Capital, Ltd. ("American Capital"). For further information, please refer to www.AGNC.com.

ABOUT AMERICAN CAPITAL

American Capital is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products.  Founded in 1986, American Capital has $15 billion in capital resources under management and eight offices in the U.S., Europe and Asia.  American Capital and its affiliates will consider investment opportunities from $5 million to $100 million.  For further information, please refer to www.AmericanCapital.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results could differ materially from those projected in these forward-looking statements due to a variety of factors, including, without limitation, changes in interest rates, changes in the yield curve, changes in prepayment rates, the availability and terms of financing, changes in the market value of our assets, general economic conditions, market conditions, conditions in the market for agency securities, and legislative and regulatory changes that could adversely affect the business of the Company. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements, are included in the Company's periodic reports filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company disclaims any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt or new information, or otherwise.

CONTACT:

Investors – (301) 968-9300



SOURCE American Capital Agency Corp.

Back to top

RELATED LINKS
http://www.AGNC.com

LV=, the mutual insurance, retirement and investment group, has announced a strong performance in the first half of 2010, with sales and trading profits significantly up on the same period of 2009.

Life cover sales are up 40% to 63.5m pounds Sterling on an APE (Annual Premium Equivalent) basis, compared to 45.2m pounds in the first half of 2009. This includes retirement business seeing a 36% increase with an APE of 48.3 pounds (H1 2009: 35.4m pounds) while protection and savings businesses saw a 55% increase with an APE of 15.2m pounds (H1 2009: 9.8m pounds).

General insurance GWP (Gross Written Premiums) were up 37% to 546.4m pounds (H1 2009: 397.5m pounds), this includes including new business GWP up by 39% to 85.0m pounds (H1 2009: 61.3m pounds). The results also confirm that LV= is now fourth biggest private car insurer (according to FSA returns 2009).

In asset management (LVAM), investment performance shows continued strong outperformance against benchmark for the with-profits portfolio. 85% of eligible funds are ranked in the first or second quartile of their peer groups for performance in the first six months of 2010 while H1 2010 sales exceed the total for 2009 (excluding third party institutional sales).

Mike Rogers, LV= group chief executive, commented: "Although the market environment remains challenging, our focus has paid off enabling us to continue to grow profitably across the LV= Group. Our trading performance in terms of both sales and profitability was significantly up on the same period last year.

"In the life business, pensions and annuities spearheaded a strong performance, driven partly by legislation change moving the retirement age from 50 to 55. Profitability in life was also enhanced by improved cost control and by our development of new IFA accounts.

"In general insurance, both the direct and broker channels performed strongly. We have taken the opportunity in current market conditions to combine increased rates with growth in business volumes and this has driven improved profitability.

"Investment performance for our with-profits policyholders was ahead of benchmark. In addition, our development of a strong retail fund management franchise continues successfully, boosted by the significant increase in Standard & Poor's and Citywire ratings achieved for our funds and fund managers.

"Market conditions in the second half of 2010 remain challenging but we expect our market focus and cost control will continue to deliver trading profit growth in the second half."

Notes to editors:

APE = Annual Premium Equivalent

This is a measure comprising new regular premium sales plus 10 per cent of single premiums.

GWP = Gross Written Premiums

These represent the revenue (premiums) expected to be received over the life of a general insurance contract.

About LV=:

LV= and LV= Liverpool Victoria are trademarks of Liverpool Victoria Friendly Society Limited (LVFS) and LV= and LV= Liverpool Victoria are trading styles of the LVFS group of companies.

LV= offer a range of insurance products including home insurance, car insurance, life insurance, pet insurance and over 50 life insurance.

LV= employs over 4,000 people and serves more than 3.8m members and customers. LV= is the UK's largest friendly society and a leading mutual financial services provider.

LVFS is authorised and regulated by the Financial Services Authority and entered on the Financial Services Authority Register No. 110035. LVFS is a member of the ABI, AFM, and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.

PR Contact:

Emma Banks

69 Park Lane

Croydon

CR9 1BG

0208 256 6714

www.lv.com



SOURCE LV=

Back to top

RELATED LINKS
http://www.lv.com

Eaton Vance Management, the Boston-based investment adviser, announced the monthly distributions declared on the common shares of three of its closed-end equity funds (the "Funds"). The record date for the distributions is September 23, 2010, and the payable date is September 30, 2010. The ex-date is September 21, 2010.  The distribution per share, closing market price on September 13, 2010 (or last trade price), and annualized market yield for each Fund are as follows:



Distribution

Closing

Annualized

Fund

Per Share

Market Price

Yield

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

$0.1075

$15.72

8.21%

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

$0.1025

$13.75

8.95%

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

$0.1167

$19.14

7.32%




The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

John Hancock Advisers, LLC announced today that portfolio information, such as performance, top-ten holdings and sector and industry weightings, as of August 31, 2010 is available for John Hancock closed-end funds. This information is available on John Hancock Funds' web site at www.jhfunds.com by clicking on "Closed-End Funds" under "Funds & Performance" tab.

John Hancock Patriot Premium Dividend Fund II (NYSE: PDT)

John Hancock Preferred Income Fund (NYSE: HPI)

John Hancock Preferred Income Fund II (NYSE: HPF)

John Hancock Preferred Income Fund III (NYSE: HPS)

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD)

John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY)

John Hancock Investors Trust (NYSE: JHI)

John Hancock Income Securities Trust (NYSE: JHS)

John Hancock Bank and Thrift Opportunity Fund (NYSE: BTO)

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $54.7 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Advisers, LLC

Back to top

RELATED LINKS
http://www.jhfunds.com

Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) have declared their monthly dividends.  The funds seek to provide investors with current dividend income that is exempt from regular federal income tax.  In addition, these funds feature income exempt from the federal alternative minimum tax (AMT).


Record Date:

Sept. 23, 2010




Ex-Dividend Date:

Sept. 21, 2010




Payable Date:

Oct. 1, 2010






Tax-Free Dividends Per Share


Closed-End Funds

Amount


Change From Previous Month

FMN

Federated Premier Municipal Income Fund

$  0.087


$  ---

FPT

Federated Premier Intermediate Municipal Income Fund

$  0.070


$  ---




Investors can view additional portfolio information in the Products section of FederatedInvestors.com.  

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $336.8 billion in assets as of June 30, 2010.  With 135 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,200 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com.  

SOURCE Federated Investors, Inc.

Back to top

RELATED LINKS
http://FederatedInvestors.com

Eaton Vance Corp. (NYSE: EV), announced today the appointment of Scott P. Ruddick as Head of Institutional, responsible for business development, consultant relations and client service in the retirement plan and endowment and foundation marketplaces in the United States and Canada.  He will report to Matthew J. Witkos, President of Eaton Vance Distributors, Inc., who is assuming overall responsibility for the Company's distribution across all channels globally.    

Prior to joining Eaton Vance this month, Mr. Ruddick was affiliated with Mellon Capital Management for 13 years, most recently as Managing Director - North American Sales Manager.  He previously served in marketing and client service roles with PanAgora Asset Management and The Boston Company.  He holds a B.S. in business administration from the University of Hartford.

"Scott's deep roots in the institutional marketplace and demonstrated business development and sales management capabilities set him up to be an outstanding leader at Eaton Vance," said Mr. Witkos. "We believe he will have a significant impact advancing the Company's ambitious growth agenda in the institutional marketplace."  

Concurrent with the appointment of Mr. Ruddick, Mr. Witkos is expanding his responsibilities to encompass distribution of all Eaton Vance products and services to retail and institutional markets around the world. He joined the company in May 2007 to head retail distribution in the Americas.  

"Since joining Eaton Vance, Matt has distinguished himself as an outstanding sales and marketing executive, driving Eaton Vance to record sales results across the distribution channels he oversees," said Thomas E. Faust Jr., Chairman and Chief Executive Officer of Eaton Vance Corp.  "Expanding his responsibilities to include institutional and international markets positions the Company to better serve clients and achieve higher levels of sales performance across all markets."  

Eaton Vance is one of the oldest investment management firms in the United States, with a history dating to 1924.  Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Corp.

Back to top

RELATED LINKS
http://www.eatonvance.com

The financial crisis produced an unprecedented seismic shift in the investing and planning landscape. To achieve their goals in the coming decade, high net worth investors must abandon some conventional ideas and accept the new realities of investing and planning, according to a new white paper released today by BNY Mellon Wealth Management.

2020 Vision: The Most Critical Decade(SM), the white paper describes a landscape that has been fundamentally changed, creating "unprecedented challenges – so many, in fact, that the decade ahead will, in many ways, be the most critical ever."

"Investors today are forced to deal with a profoundly different world that presents them with extreme uncertainty in terms of investing or constructing effective wealth and estate plans," said Larry Hughes, CEO of BNY Mellon Wealth Management. "The reality is that more investors are likely to fall short of their goals than in any time in the past 50 years," he said.

In addressing what it will take to succeed moving forward, 2020 Vision: The Most Critical Decade looks at the forces and causes that are shaping the new reality and prescribes what will be required for investors to successfully navigate a dynamic period of fundamental change. The paper explores the challenges of today's landscape across three principal dimensions:

Investment innovation and rigorous discipline. Unpredictability and volatility will call for a unique prescription that combines innovative thinking with a significantly heightened sense of discipline. Among the key trends driving this are an overabundance of rapidly changing information; sweeping policy changes and unpredictable economic headwinds; and hyper-sensitized market reactions.

Dynamic, seamless planning. The dislocation of the financial crisis made many investors abruptly aware of hidden shortcomings in their existing plans. Faced with the unexpected possibility of not having enough money for the rest of their lives or to leave legacies to children and philanthropic causes, investors must take a more dynamic, comprehensive and integrated approach to wealth planning.

A different quality of client-advisor engagement. Perhaps most far-reaching of the changes to investing wrought by the financial crisis is the degree to which investors must reconsider standard notions of the client-advisor engagement. In forging this new dynamic, investors will need to bring penetrating insights to their assessment of advisors, and advisors will need to use ways to communicate and construct client strategies.

"The key to navigating this new landscape is a holistic approach to investing and wealth planning which cuts across traditional silos," Hughes said. "In order to achieve this, there will be a need for increased communication between the client and advisor in a language that is free of jargon and industry speak and the establishment of trust that will allow advisors to adapt and react to a highly volatile and unpredictable investing environment."

BNY Mellon Wealth Management is among the nation's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It is among the top 10 U.S. wealth managers with about $150 billion in private client assets and an extensive network of offices in the U.S. and internationally.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon Wealth Management

Back to top

RELATED LINKS
http://www.bnymellon.com

Lincoln Financial Group (NYSE: LNC) today announced that Charlie Armstrong has joined Lincoln Financial Group as Vice President, Brand Management effective immediately. Armstrong will direct the overall brand strategy for Lincoln Financial to enhance the company's corporate reputation and capitalize on its innovative and responsive product offerings and industry leading distribution model.  Armstrong reports directly to Chief Marketing Officer Heather Dzielak.

"Because a strong brand is so critical to the long term success of any organization, we are committed to ensuring that the Lincoln Financial brand experience sets us apart in the marketplace," said Dzielak. "We are excited to leverage Charlie's extensive experience as a creative strategist to take our brand program to new heights."  

Armstrong joins Lincoln Financial with more than 25 years of brand management and market research experience in the agency community and within the financial services sector. Most recently, he was the Senior Director of Advertising and Global Branding at AIG where he was responsible for all AIG corporate advertising and branding, including leading creative development, all branding research, brand sponsorships and media. Prior to AIG, Armstrong was a Senior Partner at Ogilvy and Mather, where he led the agency team working the AIG account. Armstrong holds a BA from Cornell University.

About Lincoln Financial Group

Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $140 billion as of June 30, 2010. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability insurance; 401(k) and 403(b) plans; and comprehensive financial planning and advisory services. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.

(Logo: http://photos.prnewswire.com/prnh/20050830/LFLOGO )

(Logo: http://www.newscom.com/cgi-bin/prnh/20050830/LFLOGO )

SOURCE Lincoln Financial Group

Back to top

RELATED LINKS
http://www.LincolnFinancial.com

American Capital Ltd. (Nasdaq: ACAS) announced today that it is encouraging all stockholders to submit their voting instructions promptly for the annual meeting of stockholders to be held on September 15, 2010.  Stockholders who have not yet voted may still vote in advance of the meeting by telephone or internet, as described below.  

The items for discussion at the Annual Meeting include:

  1. To elect eight directors, each to serve a one-year term;
  2. To approve the adoption of the Company's 2010 Disinterested Director Stock Option Plan;
  3. To approve the Company's ability to issue a limited number of preferred stock or debt securities convertible into shares of the Company's common stock;
  4. To ratify the appointment of Ernst & Young LLP to serve as the Company's independent public accountants for the year ending December 31, 2010; and
  5. To transact such other business as may properly come before the meeting or any adjournment thereof.

More information on the items to be discussed at the meeting can be found in the Company's proxy statement available at www.AmericanCapital.com/2010proxymaterials.

American Capital has engaged Georgeson Inc., a proxy solicitation firm, to contact stockholders by telephone to encourage voting.  Stockholders that have not already voted may receive calls prior to the meeting from Georgeson on behalf of the Company.

VOTING INSTRUCTIONS - SHARES HELD WITH A BROKER:

  • Stockholders may cast their votes on the internet at www.proxyvote.com.  Please have the proxy control number from the proxy card available and follow the instructions provided. 
  • Stockholders who wish to vote by phone may call American Capital's proxy solicitor, Georgeson, at (866) 316-3922.
  • Stockholders may contact their brokerage firms for help with casting their votes.

Please note that voting by phone or internet will require that you have your proxy control number available.  This number is printed on the proxy card accompanying the Proxy Statement.  Stockholders who have not yet received their proxy control number should contact their brokerage firm.

VOTING INSTRUCTIONS - SHARES HELD IN CERTIFICATE FORM:

  • Registered stockholders may cast their votes on the internet at www.investorvote.com/ACAS.  Please have the holder account number and proxy access number from the proxy card available and follow the instructions provided. 
  • Registered stockholders who wish to vote by phone may call American Capital's transfer agent, Computershare, at (800) 652-VOTE.

For further information or questions, please do not hesitate to call the Company's Investor Relations Department at (301) 951-5917 or send an email to IR@AmericanCapital.com.  

ABOUT AMERICAN CAPITAL

American Capital is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products.  Founded in 1986, American Capital has $15 billion in capital resources under management and eight offices in the U.S., Europe and Asia.  American Capital and its affiliates will consider investment opportunities from $5 million to $100 million.  For further information, please refer to www.AmericanCapital.com.

Contact:

Investors - (301) 951-5917



SOURCE American Capital Ltd.

Back to top

RELATED LINKS
http://www.americancapital.com

Aberdeen Asia-Pacific Income Fund, Inc. (NYSE AMEX: FAX) (the "Fund"), a closed-end bond fund, announced today that it will pay a monthly distribution of US 3.5 cents per share on October 15, 2010 to all shareholders of record as of September 30, 2010 (ex-dividend date September 28, 2010).

The Board's policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. This policy is subject to regular review at the Board's quarterly meetings unless market conditions require an earlier evaluation. The next review is scheduled to take place in December 2010.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $0.42 per share.  The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, November 1, 2009, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed by Aberdeen Asset Management Asia Limited, advised by Aberdeen Asset Management Limited and sub-advised by Aberdeen Asset Management Investment Services Limited. The Fund's shares trade on the NYSE AMEX under the symbol "FAX".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeenfax.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE Aberdeen Asia-Pacific Income Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeenfax.com

The boards of directors of Cohen & Steers Closed-end Funds have adopted a level rate distribution policy for the funds and declared third quarter distributions, which reflect an increase in certain funds' regular quarterly distribution rates. Details for each fund's distributions follow.  The distributions are payable on September 30, 2010 to shareholders of record on September 24, 2010. The ex-dividend date is September 22, 2010.


Fund



NYSE
Symbol

June 2010
Quarterly
Distribution Per
Common Share

September 2010
Quarterly
Distribution Per
Common Share


Annualized
Yield at
Market(1)


Annualized
Yield at
NAV(1)

Cohen & Steers
Closed-End Opportunity Fund, Inc.

FOF

$0.2300

$0.2600

8.2%

7.5%







Cohen & Steers
Dividend Majors Fund, Inc.

DVM

$0.1250

$0.2300

8.2%

7.0%







Cohen & Steers
Global Income Builder, Inc.

INB

$0.2800

$0.2800

9.7%

9.8%







Cohen & Steers
Infrastructure Fund, Inc.

UTF

$0.2400

$0.3600

9.4%

8.0%







Cohen & Steers
Quality Income Realty Fund, Inc.

RQI

$0.0925

$0.1800

9.6%

7.8%







Cohen & Steers
REIT and Preferred Income Fund, Inc.

RNP

$0.2000

$0.3000

9.5%

7.8%







Cohen & Steers
Total Return Realty Fund, Inc.

RFI

$0.1250

$0.2200

7.6%

6.8%

(1) Yields at NAV and market price are calculated by dividing the annualized distribution rate (based on each fund's September 2010 distribution) by the NAV or market price, respectively, as of September 14, 2010.




Effective immediately, the funds will begin paying regular quarterly cash distributions to common shareholders at a level rate, which may be adjusted from time to time, based on the projected performance of the Fund. At times, to maintain a stable level of distributions, a fund may pay out more than its net investment income, possibly resulting in a return of capital which may be taxable as ordinary income.

The amount of quarterly distributions may vary depending on a number of factors, including changes in portfolio and market conditions. Each fund's distributions reflect net investment income, and may also include net realized capital gains and/or return of capital.  Return of capital includes distributions paid by a fund in excess of its net investment income and such excess is distributed from the fund's assets.  Under federal tax regulations, some or all of the return of capital distributed by a fund may be taxed as ordinary income.

In addition, distributions for funds investing in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to each fund after year-end by REITs held by a fund.

The amount and composition of each fund's distribution is disclosed quarterly at cohenandsteers.com; however, this information may change at the end of the year because the final tax characteristics of all fund distributions cannot be determined with certainty until after the end of the calendar year.  Final tax characteristics of all fund distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

More information is available at cohenandsteers.com.

About Cohen & Steers

Cohen & Steers is a manager of income-oriented equity portfolios specializing in U.S. and international real estate securities, large cap value stocks, listed infrastructure and utilities, and preferred securities. The company also manages alternative investment strategies such as hedged real estate securities portfolios and private real estate multi-manager strategies for qualified investors. Headquartered in New York City, with offices in London, Brussels, Hong Kong and

Seattle, Cohen & Steers serves individual and institutional investors through a broad range of investment vehicles.

SOURCE Cohen & Steers, Inc.

Back to top

RELATED LINKS
http://cohenandsteers.com

The financial crisis produced an unprecedented seismic shift in the investing and planning landscape. To achieve their goals in the coming decade, high net worth investors must abandon some conventional ideas and accept the new realities of investing and planning, according to a new white paper released today by BNY Mellon Wealth Management.

2020 Vision: The Most Critical Decade(SM), the white paper describes a landscape that has been fundamentally changed, creating "unprecedented challenges – so many, in fact, that the decade ahead will, in many ways, be the most critical ever."

"Investors today are forced to deal with a profoundly different world that presents them with extreme uncertainty in terms of investing or constructing effective wealth and estate plans," said Larry Hughes, CEO of BNY Mellon Wealth Management. "The reality is that more investors are likely to fall short of their goals than in any time in the past 50 years," he said.

In addressing what it will take to succeed moving forward, 2020 Vision: The Most Critical Decade looks at the forces and causes that are shaping the new reality and prescribes what will be required for investors to successfully navigate a dynamic period of fundamental change. The paper explores the challenges of today's landscape across three principal dimensions:

Investment innovation and rigorous discipline. Unpredictability and volatility will call for a unique prescription that combines innovative thinking with a significantly heightened sense of discipline. Among the key trends driving this are an overabundance of rapidly changing information; sweeping policy changes and unpredictable economic headwinds; and hyper-sensitized market reactions.

Dynamic, seamless planning. The dislocation of the financial crisis made many investors abruptly aware of hidden shortcomings in their existing plans. Faced with the unexpected possibility of not having enough money for the rest of their lives or to leave legacies to children and philanthropic causes, investors must take a more dynamic, comprehensive and integrated approach to wealth planning.

A different quality of client-advisor engagement. Perhaps most far-reaching of the changes to investing wrought by the financial crisis is the degree to which investors must reconsider standard notions of the client-advisor engagement. In forging this new dynamic, investors will need to bring penetrating insights to their assessment of advisors, and advisors will need to use ways to communicate and construct client strategies.

"The key to navigating this new landscape is a holistic approach to investing and wealth planning which cuts across traditional silos," Hughes said. "In order to achieve this, there will be a need for increased communication between the client and advisor in a language that is free of jargon and industry speak and the establishment of trust that will allow advisors to adapt and react to a highly volatile and unpredictable investing environment."

BNY Mellon Wealth Management is among the nation's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It is among the top 10 U.S. wealth managers with about $150 billion in private client assets and an extensive network of offices in the U.S. and internationally.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon Wealth Management

Back to top

RELATED LINKS
http://www.bnymellon.com

Federated Investors, Inc. today announced that monthly fund composition and performance data for Federated Enhanced Treasury Income Fund (NYSE: FTT), Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) as of Aug. 31, 2010 are now available in the Products section of FederatedInvestors.com.  To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x8079, email CEinfo@federatedinv.com or write to Federated Investors, 1001 Liberty Avenue, Floor 23, Pittsburgh, Pennsylvania 15222.  

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $336.8 billion in assets as of June 30, 2010.  With 135 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,200 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com.

SOURCE Federated Investors, Inc.

Back to top

RELATED LINKS
http://FederatedInvestors.com

American Capital Ltd. (Nasdaq: ACAS) announced today that it is encouraging all stockholders to submit their voting instructions promptly for the annual meeting of stockholders to be held on September 15, 2010.  Stockholders who have not yet voted may still vote in advance of the meeting by telephone or internet, as described below.  

The items for discussion at the Annual Meeting include:

  1. To elect eight directors, each to serve a one-year term;
  2. To approve the adoption of the Company's 2010 Disinterested Director Stock Option Plan;
  3. To approve the Company's ability to issue a limited number of preferred stock or debt securities convertible into shares of the Company's common stock;
  4. To ratify the appointment of Ernst & Young LLP to serve as the Company's independent public accountants for the year ending December 31, 2010; and
  5. To transact such other business as may properly come before the meeting or any adjournment thereof.

More information on the items to be discussed at the meeting can be found in the Company's proxy statement available at www.AmericanCapital.com/2010proxymaterials.

American Capital has engaged Georgeson Inc., a proxy solicitation firm, to contact stockholders by telephone to encourage voting.  Stockholders that have not already voted may receive calls prior to the meeting from Georgeson on behalf of the Company.

VOTING INSTRUCTIONS - SHARES HELD WITH A BROKER:

  • Stockholders may cast their votes on the internet at www.proxyvote.com.  Please have the proxy control number from the proxy card available and follow the instructions provided. 
  • Stockholders who wish to vote by phone may call American Capital's proxy solicitor, Georgeson, at (866) 316-3922.
  • Stockholders may contact their brokerage firms for help with casting their votes.

Please note that voting by phone or internet will require that you have your proxy control number available.  This number is printed on the proxy card accompanying the Proxy Statement.  Stockholders who have not yet received their proxy control number should contact their brokerage firm.

VOTING INSTRUCTIONS - SHARES HELD IN CERTIFICATE FORM:

  • Registered stockholders may cast their votes on the internet at www.investorvote.com/ACAS.  Please have the holder account number and proxy access number from the proxy card available and follow the instructions provided. 
  • Registered stockholders who wish to vote by phone may call American Capital's transfer agent, Computershare, at (800) 652-VOTE.

For further information or questions, please do not hesitate to call the Company's Investor Relations Department at (301) 951-5917 or send an email to IR@AmericanCapital.com.  

ABOUT AMERICAN CAPITAL

American Capital is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products.  Founded in 1986, American Capital has $15 billion in capital resources under management and eight offices in the U.S., Europe and Asia.  American Capital and its affiliates will consider investment opportunities from $5 million to $100 million.  For further information, please refer to www.AmericanCapital.com.

Contact:

Investors - (301) 951-5917



SOURCE American Capital Ltd.

Back to top

RELATED LINKS
http://www.americancapital.com

Aberdeen Global Income Fund, Inc. (NYSE Amex: FCO) (the "Fund"), a closed-end bond fund, announced today that it will pay a monthly distribution of US 7.0 cents per share on October 15, 2010 to all shareholders of record as of September 30, 2010 (ex-dividend date September 28, 2010).

The Board's policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. This policy is subject to regular review at the Board's quarterly meetings unless market conditions require an earlier evaluation. The next review is scheduled to take place in December 2010.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $0.84 per share. The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, November 1, 2009, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed by Aberdeen Asset Management Asia Limited, advised by Aberdeen Asset Management Limited and sub-advised by Aberdeen Asset Management Investment Services Limited. The Fund's shares trade on the NYSE AMEX under the symbol "FCO".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeenfco.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE Aberdeen Global Income Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeenfco.com

Aberdeen Australia Equity Fund, Inc. (NYSE Amex: IAF) (the "Fund"), a closed-end equity fund, announced today that it will pay a quarterly distribution of US 27 cents per share on October 15, 2010 to all shareholders of record as of September 30, 2010 (ex-dividend date September 28, 2010).

The Fund has a managed distribution policy of paying quarterly distributions at an annual rate, set once a year, that is a percentage of the rolling average of the Fund's prior four quarter-end net asset values.  In March 2010, the Board of Directors determined that the rolling distribution rate would be 10% for the 12 months commencing with the distribution payable in April 2010.  This policy will be subject to regular review by the Fund's Board of Directors.  The distributions will be made from current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $0.94 per share.  The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, November 1, 2009, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed by Aberdeen Asset Management Asia Limited and advised by Aberdeen Asset Management Limited.   The Fund's shares trade on the NYSE AMEX under the symbol "IAF".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeeniaf.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE Aberdeen Australia Equity Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeeniaf.com

The boards of directors of Cohen & Steers Closed-end Funds have adopted a level rate distribution policy for the funds and declared third quarter distributions, which reflect an increase in certain funds' regular quarterly distribution rates. Details for each fund's distributions follow.  The distributions are payable on September 30, 2010 to shareholders of record on September 24, 2010. The ex-dividend date is September 22, 2010.


Fund



NYSE
Symbol

June 2010
Quarterly
Distribution Per
Common Share

September 2010
Quarterly
Distribution Per
Common Share


Annualized
Yield at
Market(1)


Annualized
Yield at
NAV(1)

Cohen & Steers
Closed-End Opportunity Fund, Inc.

FOF

$0.2300

$0.2600

8.2%

7.5%







Cohen & Steers
Dividend Majors Fund, Inc.

DVM

$0.1250

$0.2300

8.2%

7.0%







Cohen & Steers
Global Income Builder, Inc.

INB

$0.2800

$0.2800

9.7%

9.8%







Cohen & Steers
Infrastructure Fund, Inc.

UTF

$0.2400

$0.3600

9.4%

8.0%







Cohen & Steers
Quality Income Realty Fund, Inc.

RQI

$0.0925

$0.1800

9.6%

7.8%







Cohen & Steers
REIT and Preferred Income Fund, Inc.

RNP

$0.2000

$0.3000

9.5%

7.8%







Cohen & Steers
Total Return Realty Fund, Inc.

RFI

$0.1250

$0.2200

7.6%

6.8%

(1) Yields at NAV and market price are calculated by dividing the annualized distribution rate (based on each fund's September 2010 distribution) by the NAV or market price, respectively, as of September 14, 2010.




Effective immediately, the funds will begin paying regular quarterly cash distributions to common shareholders at a level rate, which may be adjusted from time to time, based on the projected performance of the Fund. At times, to maintain a stable level of distributions, a fund may pay out more than its net investment income, possibly resulting in a return of capital which may be taxable as ordinary income.

The amount of quarterly distributions may vary depending on a number of factors, including changes in portfolio and market conditions. Each fund's distributions reflect net investment income, and may also include net realized capital gains and/or return of capital.  Return of capital includes distributions paid by a fund in excess of its net investment income and such excess is distributed from the fund's assets.  Under federal tax regulations, some or all of the return of capital distributed by a fund may be taxed as ordinary income.

In addition, distributions for funds investing in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to each fund after year-end by REITs held by a fund.

The amount and composition of each fund's distribution is disclosed quarterly at cohenandsteers.com; however, this information may change at the end of the year because the final tax characteristics of all fund distributions cannot be determined with certainty until after the end of the calendar year.  Final tax characteristics of all fund distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

More information is available at cohenandsteers.com.

About Cohen & Steers

Cohen & Steers is a manager of income-oriented equity portfolios specializing in U.S. and international real estate securities, large cap value stocks, listed infrastructure and utilities, and preferred securities. The company also manages alternative investment strategies such as hedged real estate securities portfolios and private real estate multi-manager strategies for qualified investors. Headquartered in New York City, with offices in London, Brussels, Hong Kong and

Seattle, Cohen & Steers serves individual and institutional investors through a broad range of investment vehicles.

SOURCE Cohen & Steers, Inc.

Back to top

RELATED LINKS
http://cohenandsteers.com

LV=, the mutual insurance, retirement and investment group, has announced a strong performance in the first half of 2010, with sales and trading profits significantly up on the same period of 2009.

Life cover sales are up 40% to 63.5m pounds Sterling on an APE (Annual Premium Equivalent) basis, compared to 45.2m pounds in the first half of 2009. This includes retirement business seeing a 36% increase with an APE of 48.3 pounds (H1 2009: 35.4m pounds) while protection and savings businesses saw a 55% increase with an APE of 15.2m pounds (H1 2009: 9.8m pounds).

General insurance GWP (Gross Written Premiums) were up 37% to 546.4m pounds (H1 2009: 397.5m pounds), this includes including new business GWP up by 39% to 85.0m pounds (H1 2009: 61.3m pounds). The results also confirm that LV= is now fourth biggest private car insurer (according to FSA returns 2009).

In asset management (LVAM), investment performance shows continued strong outperformance against benchmark for the with-profits portfolio. 85% of eligible funds are ranked in the first or second quartile of their peer groups for performance in the first six months of 2010 while H1 2010 sales exceed the total for 2009 (excluding third party institutional sales).

Mike Rogers, LV= group chief executive, commented: "Although the market environment remains challenging, our focus has paid off enabling us to continue to grow profitably across the LV= Group. Our trading performance in terms of both sales and profitability was significantly up on the same period last year.

"In the life business, pensions and annuities spearheaded a strong performance, driven partly by legislation change moving the retirement age from 50 to 55. Profitability in life was also enhanced by improved cost control and by our development of new IFA accounts.

"In general insurance, both the direct and broker channels performed strongly. We have taken the opportunity in current market conditions to combine increased rates with growth in business volumes and this has driven improved profitability.

"Investment performance for our with-profits policyholders was ahead of benchmark. In addition, our development of a strong retail fund management franchise continues successfully, boosted by the significant increase in Standard & Poor's and Citywire ratings achieved for our funds and fund managers.

"Market conditions in the second half of 2010 remain challenging but we expect our market focus and cost control will continue to deliver trading profit growth in the second half."

Notes to editors:

APE = Annual Premium Equivalent

This is a measure comprising new regular premium sales plus 10 per cent of single premiums.

GWP = Gross Written Premiums

These represent the revenue (premiums) expected to be received over the life of a general insurance contract.

About LV=:

LV= and LV= Liverpool Victoria are trademarks of Liverpool Victoria Friendly Society Limited (LVFS) and LV= and LV= Liverpool Victoria are trading styles of the LVFS group of companies.

LV= offer a range of insurance products including home insurance, car insurance, life insurance, pet insurance and over 50 life insurance.

LV= employs over 4,000 people and serves more than 3.8m members and customers. LV= is the UK's largest friendly society and a leading mutual financial services provider.

LVFS is authorised and regulated by the Financial Services Authority and entered on the Financial Services Authority Register No. 110035. LVFS is a member of the ABI, AFM, and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.

PR Contact:

Emma Banks

69 Park Lane

Croydon

CR9 1BG

0208 256 6714

www.lv.com



SOURCE LV=

Back to top

RELATED LINKS
http://www.lv.com

Altegris Advisors (www.altegrismutualfunds.com) is pleased to announce the launch of the Altegris Managed Futures Strategy Fund (Tickers: MFTAX, MFTIX). The Fund offers a simple, convenient way for individual and professional investors to participate in Managed Futures through an actively managed mutual fund. Over the last decade, US Stocks lost -17%. Over the same period, Managed Futures gained +122%*.

"Managed Futures have a sustained historical track record throughout a number of major market scenarios," said Jon Sundt, President and CEO of Altegris Advisors and a Co-Portfolio Manager of the Fund.  "Until recently, the handful of Managed Futures mutual funds available to investors were primarily passive 'set-and-forget' index based products. The 'best-of-breed' investment managers were typically restricted to investors with high minimum net worth requirements. The Fund allows investors to participate in Managed Futures by investing in an actively managed mutual fund with low minimum investment requirements."

The Fund seeks to achieve positive absolute returns in rising and falling equity markets while experiencing less volatility than major equity market indices. The Managed Futures strategy is designed to capture returns related to trends in the commodities and financial futures markets by investing primarily in securities whose returns are derived from actively managed portfolios.

Key features of the Fund include:

  • Access to what Altegris Advisors believes are premier Managed Futures investment managers
  • Actively managed, dynamic portfolio – not a passive index fund
  • Daily liquidity
  • Low minimum investment
  • No investor pre-qualifications
  • 1099 tax reporting
  • Individual (Class A) and Institutional (Class I) share classes: MFTAX, MFTIX

"The new Fund seeks to meet the growing demand for accessible and trusted alternative investments by leveraging our history in Managed Futures", said Mr. Sundt. "We look forward to continuing to deliver innovative solutions with a singular focus on alternatives."

Please contact Amiee Watts at (973) 784-0025 or amiee@jcprinc.com or Andrea Trachtenberg at (800) 828-5225 or atrachtenberg@altegris.com for more information.

About Altegris Advisors

Altegris Advisors, LLC is the investment adviser to the Altegris Managed Futures Strategy Fund. It is an affiliate of the Altegris group of companies**, which also includes Altegris Investments and Altegris Funds. Currently, over $2.7 billion trading level is allocated through Altegris and its affiliates to alternative investments.

Altegris has one core mission – to find the best alternative investments for our clients. The Altegris platform offers a straightforward and efficient solution to provide what we believe are best-of-breed alternative investments designed to meet the needs of investment professionals and individual investors.  

With an institutional caliber Research and Investments Group focused solely on finding the best alternative investments for clients, Altegris applies rigorous quantitative and qualitative analysis to identify, select and proactively monitor investment talent across an array of alternative investment strategies. These strategies are available in a platform which includes: single strategy hedge funds, funds of funds, Managed Futures separate accounts and Managed Futures strategy funds.

* PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. There is no guarantee that any investment will achieve its objectives, generate profits or avoid losses. For the period from 7/1/00 to 8/31/10, Managed Futures, as measured by the Altegris 40 Index, returned a total return of 122% compared to -17% for the S&P 500 Total Return Index. Source: International Traders Research (ITR). The referenced indices are for general market comparisons and are not meant to represent the Fund. The Fund is new and has no performance history.

** The Altegris group of companies, referred to generally as "Altegris", includes:  (1) Altegris Advisors, LLC, an SEC-registered investment adviser; (2) Altegris Investments, Inc., an SEC-registered broker-dealer and CFTC-registered introducing broker and commodity trading advisor; (3) Altegris Portfolio Management, Inc. (dba Altegris Funds), a CFTC-registered commodity pool operator and California registered investment adviser; and (4) Altegris LLC (the parent holding company).

Altegris Advisors, Rodney Square Management Corporation, and Northern Lights Distributors are not affiliated.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Altegris Managed Futures Strategy Fund. This and other important information about the Fund is contained in the Prospectus, which can be obtained by calling (877) 772-5838. The Prospectus should be read carefully before investing. The Altegris Managed Futures Strategy Fund is distributed by Northern Lights Distributors, LLC member FINRA.

MUTUAL FUNDS INVOLVE RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL

The Fund's indirect and direct exposure to foreign currencies subjects the Fund to the risk that those currencies will decline in value relative to the U.S. Dollar, or, in the case of short positions, that the U.S. Dollar will decline in value relative to the currency that the Fund is short. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad. In addition, the Fund may incur transaction costs in connection with conversions between various currencies. The Fund will invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Fund may experience losses that exceed losses experienced by funds that do not use futures contracts and options. There may be an imperfect correlation between the changes in market value of the securities held by the Fund and the prices of futures and options on futures. Although futures contracts are generally liquid instruments, under certain market conditions there may not always be a liquid secondary market for a futures contract. As a result, the Fund may be unable to close out its futures contracts at a time which is advantageous. Trading restrictions or limitations may be imposed by an exchange, and government regulations may restrict trading in futures contracts and options. Because option premiums paid or received by the Fund are small in relation to the market value of the investments underlying the options, buying and selling put and call options can be more speculative than investing directly in securities. Over-the-counter transactions are subject to little, if any, regulation and may be subject to the risk of counterparty default. A portion of the Fund's assets may be used to trade OTC commodity interest contracts, such as forward contracts, option contracts in foreign currencies and other commodities, or swaps or spot contracts. A substantial portion of the trades of the global macro programs are expected to take place on markets or exchanges outside the United States. Some foreign markets present additional risk, because they are not subject to the same degree of regulation as their U.S. counterparts. Trading on foreign exchanges is subject to the risks presented by exchange controls, expropriation, increased tax burdens and exposure to local economic declines and political instability. An adverse development with respect to any of these variables could reduce the profit or increase the loss earned on trades in the affected international markets. International trading activities are subject to foreign exchange risk. The Fund may employ leverage and may invest in leveraged instruments. The more the Fund invests in leveraged instruments, the more this leverage will magnify any losses on those investments. Leverage will cause the value of the Fund's shares to be more volatile than if the Fund did not use leverage. The Fund may take short positions, directly and indirectly through the Subsidiary, in derivatives. If a derivative in which the Fund has a short position increases in price, the underlying Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss.

SOURCE JC Public Relations Inc

Back to top

RELATED LINKS
http://www.altegrismutualfunds.com

Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG), a closed-end management investment company, today declared a monthly distribution of $0.09 per common share. As portfolio and market conditions change, the rate of future distributions may change. The distribution is expected to be paid on September 30, 2010, to shareholders of record on September 23, 2010.  The ex-date is September 21, 2010.

At this time the Fund believes that a portion of the September distribution may be comprised of amounts from sources other than net investment income.  If that is the case, you will be notified in writing.  Further information will be available prior to the payment date at http://individuals.eatonvance.com.  The final determination of tax characteristics of the Fund's distributions will occur after the end of the year, at which time it will be reported to the shareholders.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Federated Investors, Inc. today announced that monthly fund composition and performance data for Federated Enhanced Treasury Income Fund (NYSE: FTT), Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) as of Aug. 31, 2010 are now available in the Products section of FederatedInvestors.com.  To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x8079, email CEinfo@federatedinv.com or write to Federated Investors, 1001 Liberty Avenue, Floor 23, Pittsburgh, Pennsylvania 15222.  

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $336.8 billion in assets as of June 30, 2010.  With 135 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,200 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com.

SOURCE Federated Investors, Inc.

Back to top

RELATED LINKS
http://FederatedInvestors.com

Aberdeen Asia-Pacific Income Fund, Inc. (NYSE AMEX: FAX) (the "Fund"), a closed-end bond fund, announced today that it will pay a monthly distribution of US 3.5 cents per share on October 15, 2010 to all shareholders of record as of September 30, 2010 (ex-dividend date September 28, 2010).

The Board's policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. This policy is subject to regular review at the Board's quarterly meetings unless market conditions require an earlier evaluation. The next review is scheduled to take place in December 2010.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $0.42 per share.  The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, November 1, 2009, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed by Aberdeen Asset Management Asia Limited, advised by Aberdeen Asset Management Limited and sub-advised by Aberdeen Asset Management Investment Services Limited. The Fund's shares trade on the NYSE AMEX under the symbol "FAX".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeenfax.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE Aberdeen Asia-Pacific Income Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeenfax.com

ING Investments, LLC announced the monthly distributions on the common shares of two of its closed-end funds: ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) and ING International High Dividend Equity Income Fund (NYSE: IID) (each a "Fund" and collectively, the "Funds"). With respect to each Fund, the distribution will be paid on October 15, 2010, to shareholders of record on October 5, 2010. The ex-dividend date is October 1, 2010. The distribution per share for each Fund is as follows:


Fund

Distribution Per Share

ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD)

$0.100

ING International High Dividend Equity Income Fund (NYSE: IID)



$0.092






Each Fund intends to make regular monthly distributions based on the past and projected performance of the Fund. The amount of monthly distributions may vary, depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the common shares may change.  There can be no assurance that a Fund will be able to declare a distribution in each period.

The tax treatment and characterization of a Fund's distributions may vary significantly from time to time depending on the net investment income of the Fund and whether the Fund has realized gains or losses from its options strategy versus gain or loss realizations in the equity securities in the portfolio. Each Fund's distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital.

The portion of each Fund's monthly distributions estimated to come from the Fund's option strategy, for tax purposes, may be treated as a combination of long-term and short-term capital gains, and/or a return of capital. The tax character of each Fund's option strategy is largely determined by movements in, and gain and loss realizations in the underlying equity portfolio. Under certain conditions, federal tax regulations may also cause some or all of the return of capital to be taxed as ordinary income. The final tax characteristics of the distributions cannot be determined with certainty until after the end of the calendar year, and will be reported to shareholders at that time.

IGD estimates that for the current fiscal year as of August 31, 2010, approximately 27% of each distribution is characterized as net investment income and 73% characterized as short-term capital gain.

IID estimates that for the current fiscal year as of August 31, 2010, approximately 23% of each distribution is characterized as net investment income and 77% characterized as short-term capital gain.

Certain statements made on behalf of the Funds in this release are forward- looking statements. The Funds actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Funds investments specifically. Neither the Funds nor ING undertake any responsibility to update publicly or revise any forward-looking statement.

ING Investments, LLC, the manager of the Funds, is part of ING, a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 125,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

SOURCE ING

Back to top
John Hancock Advisers, LLC announced today that portfolio information, such as performance, top-ten holdings and sector and industry weightings, as of August 31, 2010 is available for John Hancock closed-end funds. This information is available on John Hancock Funds' web site at www.jhfunds.com by clicking on "Closed-End Funds" under "Funds & Performance" tab.

John Hancock Patriot Premium Dividend Fund II (NYSE: PDT)

John Hancock Preferred Income Fund (NYSE: HPI)

John Hancock Preferred Income Fund II (NYSE: HPF)

John Hancock Preferred Income Fund III (NYSE: HPS)

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD)

John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY)

John Hancock Investors Trust (NYSE: JHI)

John Hancock Income Securities Trust (NYSE: JHS)

John Hancock Bank and Thrift Opportunity Fund (NYSE: BTO)

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $54.7 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Advisers, LLC

Back to top

RELATED LINKS
http://www.jhfunds.com

Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) have declared their monthly dividends.  The funds seek to provide investors with current dividend income that is exempt from regular federal income tax.  In addition, these funds feature income exempt from the federal alternative minimum tax (AMT).


Record Date:

Sept. 23, 2010




Ex-Dividend Date:

Sept. 21, 2010




Payable Date:

Oct. 1, 2010






Tax-Free Dividends Per Share


Closed-End Funds

Amount


Change From Previous Month

FMN

Federated Premier Municipal Income Fund

$  0.087


$  ---

FPT

Federated Premier Intermediate Municipal Income Fund

$  0.070


$  ---




Investors can view additional portfolio information in the Products section of FederatedInvestors.com.  

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $336.8 billion in assets as of June 30, 2010.  With 135 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,200 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com.  

SOURCE Federated Investors, Inc.

Back to top

RELATED LINKS
http://FederatedInvestors.com

The financial crisis produced an unprecedented seismic shift in the investing and planning landscape. To achieve their goals in the coming decade, high net worth investors must abandon some conventional ideas and accept the new realities of investing and planning, according to a new white paper released today by BNY Mellon Wealth Management.

2020 Vision: The Most Critical Decade(SM), the white paper describes a landscape that has been fundamentally changed, creating "unprecedented challenges – so many, in fact, that the decade ahead will, in many ways, be the most critical ever."

"Investors today are forced to deal with a profoundly different world that presents them with extreme uncertainty in terms of investing or constructing effective wealth and estate plans," said Larry Hughes, CEO of BNY Mellon Wealth Management. "The reality is that more investors are likely to fall short of their goals than in any time in the past 50 years," he said.

In addressing what it will take to succeed moving forward, 2020 Vision: The Most Critical Decade looks at the forces and causes that are shaping the new reality and prescribes what will be required for investors to successfully navigate a dynamic period of fundamental change. The paper explores the challenges of today's landscape across three principal dimensions:

Investment innovation and rigorous discipline. Unpredictability and volatility will call for a unique prescription that combines innovative thinking with a significantly heightened sense of discipline. Among the key trends driving this are an overabundance of rapidly changing information; sweeping policy changes and unpredictable economic headwinds; and hyper-sensitized market reactions.

Dynamic, seamless planning. The dislocation of the financial crisis made many investors abruptly aware of hidden shortcomings in their existing plans. Faced with the unexpected possibility of not having enough money for the rest of their lives or to leave legacies to children and philanthropic causes, investors must take a more dynamic, comprehensive and integrated approach to wealth planning.

A different quality of client-advisor engagement. Perhaps most far-reaching of the changes to investing wrought by the financial crisis is the degree to which investors must reconsider standard notions of the client-advisor engagement. In forging this new dynamic, investors will need to bring penetrating insights to their assessment of advisors, and advisors will need to use ways to communicate and construct client strategies.

"The key to navigating this new landscape is a holistic approach to investing and wealth planning which cuts across traditional silos," Hughes said. "In order to achieve this, there will be a need for increased communication between the client and advisor in a language that is free of jargon and industry speak and the establishment of trust that will allow advisors to adapt and react to a highly volatile and unpredictable investing environment."

BNY Mellon Wealth Management is among the nation's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It is among the top 10 U.S. wealth managers with about $150 billion in private client assets and an extensive network of offices in the U.S. and internationally.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon Wealth Management

Back to top

RELATED LINKS
http://www.bnymellon.com

Federated Investors, Inc. today announced that monthly fund composition and performance data for Federated Enhanced Treasury Income Fund (NYSE: FTT), Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) as of Aug. 31, 2010 are now available in the Products section of FederatedInvestors.com.  To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x8079, email CEinfo@federatedinv.com or write to Federated Investors, 1001 Liberty Avenue, Floor 23, Pittsburgh, Pennsylvania 15222.  

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $336.8 billion in assets as of June 30, 2010.  With 135 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,200 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com.

SOURCE Federated Investors, Inc.

Back to top

RELATED LINKS
http://FederatedInvestors.com

Aberdeen Australia Equity Fund, Inc. (NYSE Amex: IAF) (the "Fund"), a closed-end equity fund, announced today that it will pay a quarterly distribution of US 27 cents per share on October 15, 2010 to all shareholders of record as of September 30, 2010 (ex-dividend date September 28, 2010).

The Fund has a managed distribution policy of paying quarterly distributions at an annual rate, set once a year, that is a percentage of the rolling average of the Fund's prior four quarter-end net asset values.  In March 2010, the Board of Directors determined that the rolling distribution rate would be 10% for the 12 months commencing with the distribution payable in April 2010.  This policy will be subject to regular review by the Fund's Board of Directors.  The distributions will be made from current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $0.94 per share.  The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, November 1, 2009, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed by Aberdeen Asset Management Asia Limited and advised by Aberdeen Asset Management Limited.   The Fund's shares trade on the NYSE AMEX under the symbol "IAF".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeeniaf.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE Aberdeen Australia Equity Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeeniaf.com

The boards of directors of Cohen & Steers Closed-end Funds have adopted a level rate distribution policy for the funds and declared third quarter distributions, which reflect an increase in certain funds' regular quarterly distribution rates. Details for each fund's distributions follow.  The distributions are payable on September 30, 2010 to shareholders of record on September 24, 2010. The ex-dividend date is September 22, 2010.


Fund



NYSE
Symbol

June 2010
Quarterly
Distribution Per
Common Share

September 2010
Quarterly
Distribution Per
Common Share


Annualized
Yield at
Market(1)


Annualized
Yield at
NAV(1)

Cohen & Steers
Closed-End Opportunity Fund, Inc.

FOF

$0.2300

$0.2600

8.2%

7.5%







Cohen & Steers
Dividend Majors Fund, Inc.

DVM

$0.1250

$0.2300

8.2%

7.0%







Cohen & Steers
Global Income Builder, Inc.

INB

$0.2800

$0.2800

9.7%

9.8%







Cohen & Steers
Infrastructure Fund, Inc.

UTF

$0.2400

$0.3600

9.4%

8.0%







Cohen & Steers
Quality Income Realty Fund, Inc.

RQI

$0.0925

$0.1800

9.6%

7.8%







Cohen & Steers
REIT and Preferred Income Fund, Inc.

RNP

$0.2000

$0.3000

9.5%

7.8%







Cohen & Steers
Total Return Realty Fund, Inc.

RFI

$0.1250

$0.2200

7.6%

6.8%

(1) Yields at NAV and market price are calculated by dividing the annualized distribution rate (based on each fund's September 2010 distribution) by the NAV or market price, respectively, as of September 14, 2010.




Effective immediately, the funds will begin paying regular quarterly cash distributions to common shareholders at a level rate, which may be adjusted from time to time, based on the projected performance of the Fund. At times, to maintain a stable level of distributions, a fund may pay out more than its net investment income, possibly resulting in a return of capital which may be taxable as ordinary income.

The amount of quarterly distributions may vary depending on a number of factors, including changes in portfolio and market conditions. Each fund's distributions reflect net investment income, and may also include net realized capital gains and/or return of capital.  Return of capital includes distributions paid by a fund in excess of its net investment income and such excess is distributed from the fund's assets.  Under federal tax regulations, some or all of the return of capital distributed by a fund may be taxed as ordinary income.

In addition, distributions for funds investing in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to each fund after year-end by REITs held by a fund.

The amount and composition of each fund's distribution is disclosed quarterly at cohenandsteers.com; however, this information may change at the end of the year because the final tax characteristics of all fund distributions cannot be determined with certainty until after the end of the calendar year.  Final tax characteristics of all fund distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

More information is available at cohenandsteers.com.

About Cohen & Steers

Cohen & Steers is a manager of income-oriented equity portfolios specializing in U.S. and international real estate securities, large cap value stocks, listed infrastructure and utilities, and preferred securities. The company also manages alternative investment strategies such as hedged real estate securities portfolios and private real estate multi-manager strategies for qualified investors. Headquartered in New York City, with offices in London, Brussels, Hong Kong and

Seattle, Cohen & Steers serves individual and institutional investors through a broad range of investment vehicles.

SOURCE Cohen & Steers, Inc.

Back to top

RELATED LINKS
http://cohenandsteers.com

John Hancock Retirement Plan Services (RPS) is working to help its partners -- third party administrators (TPAs), financial representatives and registered investment advisors (RIAs) -- understand their responsibilities in the recently-passed DOL disclosure requirements under section 408(b)(2), which are designed to help plan fiduciaries assess the reasonableness of the service provider's contract with the plan and any potential for conflicts of interest.

The regulation, which becomes effective on July 16, 2011, generally requires enhanced fee, compensation, and service and fiduciary disclosures from service providers. To help its partners understand and address these changes, John Hancock RPS has engaged ERISA attorney and industry expert, Fred Reish, to conduct three CE educational webinars -- one tailored to each partner audience.  

"The DOL's intent is to make it easier for plan fiduciaries to compare and review plan fees and services. How this is achieved by providers will differ, given their distinct roles in the 401(k) industry," said Reish. "My goal for each webinar is to give John Hancock's partners what they need to know to ready their respective businesses."

The webcasts are the latest educational tools among John Hancock RPS's resources for intermediaries and plan sponsors. Others include a newsletter, Regulatory Update, that keeps financial representatives and TPAs informed of regulatory change and a dedicated legislative and regulatory information section on John Hancock partner and plan sponsor websites.

To further support its partners, John Hancock also commissioned Fred Reish to draft three sample service agreements and disclosure materials reflecting changes under the regulation -- one for TPAs, Broker/Dealer firms and independent insurance advisors.

"Compliance with DOL disclosure requirements under 408(b)(2) will be dependent on the industry learning about and preparing for the changes," continued Reish. "The 408(b)(2) disclosure documents provide substantial support to John Hancock RPS's partners."

"We've long considered education on matters critical to the industry a part of what we offer as a provider," said Ed Eng, Senior Vice President, Product Development, John Hancock RPS. "The DOL disclosure requirements are important to all parts of our industry and we're pleased that Fred Reish will share his considerable insight and recommendations during our webcasts."

Financial representatives, TPAs or RIAs interested in more information on the webcasts can contact the John Hancock Retirement Plan Services Sales Desk at 1-877-346-8378.

About John Hancock Retirement Plan Services

John Hancock Retirement Plan Services is one of the largest providers of 401(k) plans across all plan sizes among banks, mutual funds and insurers, according to CFO Magazine. (CFO Magazine 2010 401(k) Providers Survey, for year-end 2009. Published in May 2010).

About John Hancock Financial and Manulife Financial

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. For more than 120 years, clients have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) as at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

John Hancock Retirement Plan Services and Fred Reish are not affiliated and neither are responsible for the liabilities of the other. Both John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York do business under certain instances under the John Hancock Retirement Plan Services name.

Both John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York do business under certain instances using the John Hancock Retirement Plan Services name. Group annuity contracts and recordkeeping agreements are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02210 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.  Product features and availability may differ by state.

NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT INSURED BY ANY GOVERNMENT AGENCY

SOURCE John Hancock Retirement Plan Services

Back to top

RELATED LINKS
http://www.johnhancock.com

The financial crisis produced an unprecedented seismic shift in the investing and planning landscape. To achieve their goals in the coming decade, high net worth investors must abandon some conventional ideas and accept the new realities of investing and planning, according to a new white paper released today by BNY Mellon Wealth Management.

2020 Vision: The Most Critical Decade(SM), the white paper describes a landscape that has been fundamentally changed, creating "unprecedented challenges – so many, in fact, that the decade ahead will, in many ways, be the most critical ever."

"Investors today are forced to deal with a profoundly different world that presents them with extreme uncertainty in terms of investing or constructing effective wealth and estate plans," said Larry Hughes, CEO of BNY Mellon Wealth Management. "The reality is that more investors are likely to fall short of their goals than in any time in the past 50 years," he said.

In addressing what it will take to succeed moving forward, 2020 Vision: The Most Critical Decade looks at the forces and causes that are shaping the new reality and prescribes what will be required for investors to successfully navigate a dynamic period of fundamental change. The paper explores the challenges of today's landscape across three principal dimensions:

Investment innovation and rigorous discipline. Unpredictability and volatility will call for a unique prescription that combines innovative thinking with a significantly heightened sense of discipline. Among the key trends driving this are an overabundance of rapidly changing information; sweeping policy changes and unpredictable economic headwinds; and hyper-sensitized market reactions.

Dynamic, seamless planning. The dislocation of the financial crisis made many investors abruptly aware of hidden shortcomings in their existing plans. Faced with the unexpected possibility of not having enough money for the rest of their lives or to leave legacies to children and philanthropic causes, investors must take a more dynamic, comprehensive and integrated approach to wealth planning.

A different quality of client-advisor engagement. Perhaps most far-reaching of the changes to investing wrought by the financial crisis is the degree to which investors must reconsider standard notions of the client-advisor engagement. In forging this new dynamic, investors will need to bring penetrating insights to their assessment of advisors, and advisors will need to use ways to communicate and construct client strategies.

"The key to navigating this new landscape is a holistic approach to investing and wealth planning which cuts across traditional silos," Hughes said. "In order to achieve this, there will be a need for increased communication between the client and advisor in a language that is free of jargon and industry speak and the establishment of trust that will allow advisors to adapt and react to a highly volatile and unpredictable investing environment."

BNY Mellon Wealth Management is among the nation's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It is among the top 10 U.S. wealth managers with about $150 billion in private client assets and an extensive network of offices in the U.S. and internationally.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon Wealth Management

Back to top

RELATED LINKS
http://www.bnymellon.com

Federated Investors, Inc. today announced that monthly fund composition and performance data for Federated Enhanced Treasury Income Fund (NYSE: FTT), Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) as of Aug. 31, 2010 are now available in the Products section of FederatedInvestors.com.  To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x8079, email CEinfo@federatedinv.com or write to Federated Investors, 1001 Liberty Avenue, Floor 23, Pittsburgh, Pennsylvania 15222.  

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $336.8 billion in assets as of June 30, 2010.  With 135 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,200 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com.

SOURCE Federated Investors, Inc.

Back to top

RELATED LINKS
http://FederatedInvestors.com

Aberdeen Global Income Fund, Inc. (NYSE Amex: FCO) (the "Fund"), a closed-end bond fund, announced today that it will pay a monthly distribution of US 7.0 cents per share on October 15, 2010 to all shareholders of record as of September 30, 2010 (ex-dividend date September 28, 2010).

The Board's policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. This policy is subject to regular review at the Board's quarterly meetings unless market conditions require an earlier evaluation. The next review is scheduled to take place in December 2010.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $0.84 per share. The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, November 1, 2009, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed by Aberdeen Asset Management Asia Limited, advised by Aberdeen Asset Management Limited and sub-advised by Aberdeen Asset Management Investment Services Limited. The Fund's shares trade on the NYSE AMEX under the symbol "FCO".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeenfco.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE Aberdeen Global Income Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeenfco.com

Aberdeen Australia Equity Fund, Inc. (NYSE Amex: IAF) (the "Fund"), a closed-end equity fund, announced today that it will pay a quarterly distribution of US 27 cents per share on October 15, 2010 to all shareholders of record as of September 30, 2010 (ex-dividend date September 28, 2010).

The Fund has a managed distribution policy of paying quarterly distributions at an annual rate, set once a year, that is a percentage of the rolling average of the Fund's prior four quarter-end net asset values.  In March 2010, the Board of Directors determined that the rolling distribution rate would be 10% for the 12 months commencing with the distribution payable in April 2010.  This policy will be subject to regular review by the Fund's Board of Directors.  The distributions will be made from current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $0.94 per share.  The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, November 1, 2009, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed by Aberdeen Asset Management Asia Limited and advised by Aberdeen Asset Management Limited.   The Fund's shares trade on the NYSE AMEX under the symbol "IAF".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeeniaf.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE Aberdeen Australia Equity Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeeniaf.com

ING Investments, LLC announced the monthly distributions on the common shares of two of its closed-end funds: ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) and ING International High Dividend Equity Income Fund (NYSE: IID) (each a "Fund" and collectively, the "Funds"). With respect to each Fund, the distribution will be paid on October 15, 2010, to shareholders of record on October 5, 2010. The ex-dividend date is October 1, 2010. The distribution per share for each Fund is as follows:


Fund

Distribution Per Share

ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD)

$0.100

ING International High Dividend Equity Income Fund (NYSE: IID)



$0.092






Each Fund intends to make regular monthly distributions based on the past and projected performance of the Fund. The amount of monthly distributions may vary, depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the common shares may change.  There can be no assurance that a Fund will be able to declare a distribution in each period.

The tax treatment and characterization of a Fund's distributions may vary significantly from time to time depending on the net investment income of the Fund and whether the Fund has realized gains or losses from its options strategy versus gain or loss realizations in the equity securities in the portfolio. Each Fund's distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital.

The portion of each Fund's monthly distributions estimated to come from the Fund's option strategy, for tax purposes, may be treated as a combination of long-term and short-term capital gains, and/or a return of capital. The tax character of each Fund's option strategy is largely determined by movements in, and gain and loss realizations in the underlying equity portfolio. Under certain conditions, federal tax regulations may also cause some or all of the return of capital to be taxed as ordinary income. The final tax characteristics of the distributions cannot be determined with certainty until after the end of the calendar year, and will be reported to shareholders at that time.

IGD estimates that for the current fiscal year as of August 31, 2010, approximately 27% of each distribution is characterized as net investment income and 73% characterized as short-term capital gain.

IID estimates that for the current fiscal year as of August 31, 2010, approximately 23% of each distribution is characterized as net investment income and 77% characterized as short-term capital gain.

Certain statements made on behalf of the Funds in this release are forward- looking statements. The Funds actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Funds investments specifically. Neither the Funds nor ING undertake any responsibility to update publicly or revise any forward-looking statement.

ING Investments, LLC, the manager of the Funds, is part of ING, a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 125,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

SOURCE ING

Back to top
Eaton Vance Enhanced Equity Income Fund (NYSE: EOI), a diversified closed-end investment company, today announced the earnings of the Fund for the three and nine-month periods ended June 30, 2010.  The Fund's fiscal year ends on September 30, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $913,327 ($0.022 per common share).  For the nine months ended June 30, 2010, the Fund had net investment income of $2,729,733 ($0.068 per common share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $1,618,673 ($0.040 per common share).  For the nine months ended June 30, 2009, the Fund had net investment income of $4,901,727 ($0.123 per common share).  

Net realized and unrealized losses for the three months ended June 30, 2010 were $57,382,328 ($1.441 per common share) and net realized and unrealized losses for the nine months ended June 30, 2010 were $5,855,861 ($0.147 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $49,814,349 ($1.256 per common share) and net realized and unrealized losses for the nine months ended June 30, 2009 were $116,512,338 ($2.935 per common share).

On June 30, 2010, net assets of the Fund were $489,459,239.  The net asset value per common share on June 30, 2010 was $12.27 based on 39,891,989 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $494,289,271.  The net asset value per common share on June 30, 2009 was $12.45 based on 39,711,336 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

EATON VANCE ENHANCED EQUITY INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)



















Three Months Ended



Nine Months Ended







June 30,



June 30,






2010


2009


2010


2009

Gross investment income



$                       2,451


$                       3,038


$                       7,292


$                       9,234

Operating expenses




(1,538)


(1,419)


(4,563)


(4,332)


Net investment income



$                          913


$                       1,619


$                       2,729


$                       4,902

Net realized and unrealized gains (losses)









 on investments




$                   (57,382)


$                     49,815


$                     (5,856)


$                 (116,512)


Net increase (decrease) in net assets









 from operations



$                   (56,469)


$                     51,434


$                     (3,127)


$                 (111,610)













Earnings per Common Share Outstanding









Gross investment income



$                       0.061


$                       0.076


$                       0.183


$                       0.232

Operating expenses




(0.039)


(0.036)


(0.115)


(0.109)


Net investment income



$                       0.022


$                       0.040


$                       0.068


$                       0.123

Net realized and unrealized gains (losses)









 on investments




$                     (1.441)


$                       1.256


$                     (0.147)


$                     (2.935)


Net increase (decrease) in net assets









 from operations



$                     (1.419)


$                       1.296


$                     (0.079)


$                     (2.812)

























Net Asset Value at June 30 (Common Shares)









Net assets  








$                   489,459


$                   494,289


Shares outstanding







39,892


39,711


Net asset value per share outstanding





$                       12.27


$                       12.45













Market Value Summary (Common Shares)










Market price on NYSE at June 30






$                       12.68


$                       12.30


High market price (period ended June 30)





$                       14.75


$                       13.56


Low market price (period ended June 30)





$                       12.33


$                         8.14












SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

On July 31st UCM Partners, a private, minority-owned fixed income investment boutique with approximately $1.7 billion in assets under management, marked the one year anniversary of their Opportunistic Mortgage Strategy Fund (Fund).  The Fund, which exceeded its absolute return target of 12% to 15% by more than double in its first year and currently has approximately $60 million in assets under management, is designed to capitalize on undervalued debt obligations, primarily within the residential mortgage-backed securities market.  UCM Partners, which was founded in 1992, launched the Fund in August 2009 after a 10+ year successful track record in dedicated mortgage-backed securities (MBS) strategies.  

The Fund is managed by UCM Partner's Chief Investment Officer, Jay Menozzi, CFA and Portfolio Managers Boris Peresechensky, CFA and Vesta Marks, CFA.  The Fund's performance since inception is a result of an investment process based on UCM's proprietary analytical models developed to capitalize on undervalued cash flows of securities at the top of the capital structure within the residential MBS market.  

"We are excited about the performance of our flagship fund as well as our overall platform of fixed income investment management products.  We are well positioned with an experienced team, a strong and distinct investment process,  a broadening platform of investment products based on our MBS experience and strong strategic partnerships, and of course our outstanding roster of institutional and fund investors," says Greg Parsons, UCM's CEO since May of this year after serving as the firm's COO.

UCM's CIO attributes the Fund's initial success to a combination of an improving market for non-agency MBS jumpstarted in part during 2009 by a number of government programs, along with UCM's quantitatively-based investment process for stress testing and valuing MBS cash flows at the loan level.  

About UCM Partners

Founded in 1992, UCM Partners is an MBE certified and SEC registered private, minority-owned boutique investment advisory firm and an independent provider of fixed income investment management to the institutional and wealth management investment community. Headquartered in New York City, the firm also has offices in Orlando and Philadelphia. For more information, please visit www.ucmpartners.com.

SOURCE UCM Partners

Back to top

RELATED LINKS
http://www.ucmpartners.com

Eaton Vance Management, the Boston-based investment adviser, announced the monthly distributions declared on the common shares of three of its closed-end equity funds (the "Funds"). The record date for the distributions is September 23, 2010, and the payable date is September 30, 2010. The ex-date is September 21, 2010.  The distribution per share, closing market price on September 13, 2010 (or last trade price), and annualized market yield for each Fund are as follows:



Distribution

Closing

Annualized

Fund

Per Share

Market Price

Yield

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

$0.1075

$15.72

8.21%

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

$0.1025

$13.75

8.95%

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

$0.1167

$19.14

7.32%




The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

DoubleLine Funds Trust will host a webcast on Tuesday, September 14 conducted by Jeffrey Gundlach, lead portfolio manager of the DoubleLine Total Return Bond Fund (I shares DBLTX; N shares DLTNX) and the DoubleLine Core Fixed Income Fund (I shares DBLFX; N shares DLFNX).

Mr. Gundlach will discuss the DoubleLine Core and Total Return Funds as well as his general market outlook.

The public is invited to join the webcast at the following time and online location:

When: 1:15 pm PT/ 4:15 pm ET Tuesday, September 14, 2010

Webcast link: http://www.talkpoint.com/viewer/starthere.asp?Pres=131804



About DoubleLine Funds Trust

DoubleLine Funds Trust (the "Trust") was formed as a Delaware statutory trust on January 11, 2010 and is a registered investment company. DoubleLine Capital LP (the "Adviser") will act as the investment adviser for the Trust. A prospectus for the Funds can be obtained by calling 1-877-DLINE11 or be downloaded from the Internet at www.doublelinefunds.com.

About DoubleLine Capital LP

DoubleLine Capital LP is a fixed income investment management firm and a registered investment adviser under the Investment Advisers Act of 1940. The firm is majority employee-owned with CEO Jeffrey Gundlach and President Philip Barach holding a combined controlling interest in the firm. Oaktree Capital Management, L.P., a premier global alternative and non-traditional investment manager, assisted DoubleLine in its startup and holds a minority ownership stake. DoubleLine's headquarters is in Los Angeles, CA. Its offices can be reached by telephone at (213) 633-8200 or by e-mail at info@doubleline.com.

The investment objectives, risks, charges and expenses of the DoubleLine Funds must be considered carefully before investing. The prospectus contains this and other important information about the Funds, and it may be obtained by calling 1 (877) 354-6311/ 1 (877) DLINE11, or visiting www.doublelinefunds.com. Read it carefully before investing.

Investments in debt securities typically decrease when interest rates rise.  This risk is usually greater for longer-term debt securities.  Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities.

The DoubleLine Total Return Bond Fund and the DoubleLine Core Fixed Income Fund can invest in Asset-Backed and Mortgage-Backed securities, which include additional risks that investors should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.  The Core Fixed Income Fund also can invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets.

The DoubleLine Funds are distributed by Quasar Distributors, LLC.

©2010 DoubleLine Funds Trust

SOURCE DoubleLine Funds Trust

Back to top

RELATED LINKS
http://www.doublelinefunds.com

Lincoln Financial Group (NYSE: LNC) today announced that Charlie Armstrong has joined Lincoln Financial Group as Vice President, Brand Management effective immediately. Armstrong will direct the overall brand strategy for Lincoln Financial to enhance the company's corporate reputation and capitalize on its innovative and responsive product offerings and industry leading distribution model.  Armstrong reports directly to Chief Marketing Officer Heather Dzielak.

"Because a strong brand is so critical to the long term success of any organization, we are committed to ensuring that the Lincoln Financial brand experience sets us apart in the marketplace," said Dzielak. "We are excited to leverage Charlie's extensive experience as a creative strategist to take our brand program to new heights."  

Armstrong joins Lincoln Financial with more than 25 years of brand management and market research experience in the agency community and within the financial services sector. Most recently, he was the Senior Director of Advertising and Global Branding at AIG where he was responsible for all AIG corporate advertising and branding, including leading creative development, all branding research, brand sponsorships and media. Prior to AIG, Armstrong was a Senior Partner at Ogilvy and Mather, where he led the agency team working the AIG account. Armstrong holds a BA from Cornell University.

About Lincoln Financial Group

Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $140 billion as of June 30, 2010. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability insurance; 401(k) and 403(b) plans; and comprehensive financial planning and advisory services. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.

(Logo: http://photos.prnewswire.com/prnh/20050830/LFLOGO )

(Logo: http://www.newscom.com/cgi-bin/prnh/20050830/LFLOGO )

SOURCE Lincoln Financial Group

Back to top

RELATED LINKS
http://www.LincolnFinancial.com

Eaton Vance Management, the Boston-based investment adviser, today announced the quarterly distributions declared on the common shares of two of its closed-end equity funds (the "Funds"). The record date for the distributions is September 23, 2010, and the payable date is September 30, 2010. The ex-date is September 21, 2010.  The distribution per share for each Fund is as follows:


Distribution

Fund

Per Share



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

$0.400



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

$0.390



At this time the Funds believe that a portion of the September distribution may be comprised of amounts from sources other than net investment income.  If that is the case, you will be notified in writing.  Further information will be available prior to the payment date at http://individuals.eatonvance.com.  The final determination of tax characteristics of the Fund's distributions will occur after the end of the year, at which time it will be reported to the shareholders.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Municipal Bond Fund II (NYSE Amex: EIV) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and nine-month periods ended June 30, 2010.  The Fund's fiscal year ends on September 30, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $2,385,875 ($0.239 per common share).  From this amount, the Fund paid dividends on preferred shares of $49,548 (equal to $0.005 for each common share), resulting in net investment income after the preferred dividends of $2,336,327, or $0.234 per common share. The Fund's net investment income for the nine months ended June 30, 2010 was $7,194,199 ($0.722 per common share, before deduction of the preferred share dividends totaling $0.014 per common share), resulting in net investment income after the preferred dividends of $0.708 per common share. In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $2,384,081 ($0.240 per common share).  From this amount, the Fund paid dividends on preferred shares of $69,121 (equal to $0.007 for each common share), resulting in net investment income after the preferred dividends of $2,314,960, or $0.233 per common share. The Fund's net investment income for the nine months ended June 30, 2009 was $6,947,237 ($0.699 per common share, before deduction of the preferred share dividends totaling $0.053 per common share), resulting in net investment income after the preferred dividends of $0.646 per common share.

Net realized and unrealized losses for the three months ended June 30, 2010 were $423,118 ($0.039 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2010 were $8,148,276 ($0.818 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $7,634,113 ($0.765 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2009 were $2,575,845 ($0.259 per common share).

On June 30, 2010, net assets of the Fund applicable to common shares were $120,221,261.  The net asset value per common share on June 30, 2010 was $12.06 based on 9,965,023 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund applicable to common shares were $107,445,494.  The net asset value per common share on June 30, 2009 was $10.80 based on 9,949,079 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010 offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

EATON VANCE MUNICIPAL BOND FUND II

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)












Three Months Ended


Nine Months Ended



June 30,


June 30,



2010


2009


2010


2009

Net investment income

$ 2,386


$ 2,384


$    7,194


$    6,947

Net realized and unrealized gains (losses)








 on investments

(423)


7,634


(8,148)


(2,576)

Preferred dividends paid from net investment income

(50)


(69)


(136)


(524)


Net increase (decrease) in net assets









 from operations

$ 1,913


$ 9,949


$  (1,090)


$    3,847










Earnings per Common Share Outstanding








Net investment income

$ 0.239


$ 0.240


$    0.722


$    0.699

Net realized and unrealized gains (losses)








 on investments

(0.039)


0.765


(0.818)


(0.259)

Preferred dividends paid from net investment income

(0.005)


(0.007)


(0.014)


(0.053)


Net increase (decrease) in net assets









 from operations

$ 0.195


$ 0.998


$  (0.110)


$    0.387










Net investment income

$ 0.239


$ 0.240


$    0.722


$    0.699

Preferred dividends paid from net investment income

(0.005)


(0.007)


(0.014)


(0.053)

Net investment income after preferred dividends

$ 0.234


$ 0.233


$    0.708


$    0.646










Net Asset Value at June 30 (Common Shares)









Net assets





$120,221


$107,445


Shares outstanding





9,965


9,949


Net asset value per share outstanding





$12.06


$10.80










Market Value Summary (Common Shares)









Market price on NYSE Amex at June 30





$13.61


$12.21


High market price (period ended June 30)





$14.05


$12.94


Low market price (period ended June 30)





$12.63


$7.04



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Enhanced Equity Income Fund (NYSE: EOI), a diversified closed-end investment company, today announced the earnings of the Fund for the three and nine-month periods ended June 30, 2010.  The Fund's fiscal year ends on September 30, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $913,327 ($0.022 per common share).  For the nine months ended June 30, 2010, the Fund had net investment income of $2,729,733 ($0.068 per common share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $1,618,673 ($0.040 per common share).  For the nine months ended June 30, 2009, the Fund had net investment income of $4,901,727 ($0.123 per common share).  

Net realized and unrealized losses for the three months ended June 30, 2010 were $57,382,328 ($1.441 per common share) and net realized and unrealized losses for the nine months ended June 30, 2010 were $5,855,861 ($0.147 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $49,814,349 ($1.256 per common share) and net realized and unrealized losses for the nine months ended June 30, 2009 were $116,512,338 ($2.935 per common share).

On June 30, 2010, net assets of the Fund were $489,459,239.  The net asset value per common share on June 30, 2010 was $12.27 based on 39,891,989 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $494,289,271.  The net asset value per common share on June 30, 2009 was $12.45 based on 39,711,336 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

EATON VANCE ENHANCED EQUITY INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)



















Three Months Ended



Nine Months Ended







June 30,



June 30,






2010


2009


2010


2009

Gross investment income



$                       2,451


$                       3,038


$                       7,292


$                       9,234

Operating expenses




(1,538)


(1,419)


(4,563)


(4,332)


Net investment income



$                          913


$                       1,619


$                       2,729


$                       4,902

Net realized and unrealized gains (losses)









 on investments




$                   (57,382)


$                     49,815


$                     (5,856)


$                 (116,512)


Net increase (decrease) in net assets









 from operations



$                   (56,469)


$                     51,434


$                     (3,127)


$                 (111,610)













Earnings per Common Share Outstanding









Gross investment income



$                       0.061


$                       0.076


$                       0.183


$                       0.232

Operating expenses




(0.039)


(0.036)


(0.115)


(0.109)


Net investment income



$                       0.022


$                       0.040


$                       0.068


$                       0.123

Net realized and unrealized gains (losses)









 on investments




$                     (1.441)


$                       1.256


$                     (0.147)


$                     (2.935)


Net increase (decrease) in net assets









 from operations



$                     (1.419)


$                       1.296


$                     (0.079)


$                     (2.812)

























Net Asset Value at June 30 (Common Shares)









Net assets  








$                   489,459


$                   494,289


Shares outstanding







39,892


39,711


Net asset value per share outstanding





$                       12.27


$                       12.45













Market Value Summary (Common Shares)










Market price on NYSE at June 30






$                       12.68


$                       12.30


High market price (period ended June 30)





$                       14.75


$                       13.56


Low market price (period ended June 30)





$                       12.33


$                         8.14












SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

DoubleLine Funds Trust will host a webcast on Tuesday, September 14 conducted by Jeffrey Gundlach, lead portfolio manager of the DoubleLine Total Return Bond Fund (I shares DBLTX; N shares DLTNX) and the DoubleLine Core Fixed Income Fund (I shares DBLFX; N shares DLFNX).

Mr. Gundlach will discuss the DoubleLine Core and Total Return Funds as well as his general market outlook.

The public is invited to join the webcast at the following time and online location:

When: 1:15 pm PT/ 4:15 pm ET Tuesday, September 14, 2010

Webcast link: http://www.talkpoint.com/viewer/starthere.asp?Pres=131804



About DoubleLine Funds Trust

DoubleLine Funds Trust (the "Trust") was formed as a Delaware statutory trust on January 11, 2010 and is a registered investment company. DoubleLine Capital LP (the "Adviser") will act as the investment adviser for the Trust. A prospectus for the Funds can be obtained by calling 1-877-DLINE11 or be downloaded from the Internet at www.doublelinefunds.com.

About DoubleLine Capital LP

DoubleLine Capital LP is a fixed income investment management firm and a registered investment adviser under the Investment Advisers Act of 1940. The firm is majority employee-owned with CEO Jeffrey Gundlach and President Philip Barach holding a combined controlling interest in the firm. Oaktree Capital Management, L.P., a premier global alternative and non-traditional investment manager, assisted DoubleLine in its startup and holds a minority ownership stake. DoubleLine's headquarters is in Los Angeles, CA. Its offices can be reached by telephone at (213) 633-8200 or by e-mail at info@doubleline.com.

The investment objectives, risks, charges and expenses of the DoubleLine Funds must be considered carefully before investing. The prospectus contains this and other important information about the Funds, and it may be obtained by calling 1 (877) 354-6311/ 1 (877) DLINE11, or visiting www.doublelinefunds.com. Read it carefully before investing.

Investments in debt securities typically decrease when interest rates rise.  This risk is usually greater for longer-term debt securities.  Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities.

The DoubleLine Total Return Bond Fund and the DoubleLine Core Fixed Income Fund can invest in Asset-Backed and Mortgage-Backed securities, which include additional risks that investors should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.  The Core Fixed Income Fund also can invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets.

The DoubleLine Funds are distributed by Quasar Distributors, LLC.

©2010 DoubleLine Funds Trust

SOURCE DoubleLine Funds Trust

Back to top

RELATED LINKS
http://www.doublelinefunds.com

Aberdeen Global Income Fund, Inc. (NYSE Amex: FCO) (the "Fund"), a closed-end bond fund, announced today that it will pay a monthly distribution of US 7.0 cents per share on October 15, 2010 to all shareholders of record as of September 30, 2010 (ex-dividend date September 28, 2010).

The Board's policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. This policy is subject to regular review at the Board's quarterly meetings unless market conditions require an earlier evaluation. The next review is scheduled to take place in December 2010.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $0.84 per share. The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, November 1, 2009, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed by Aberdeen Asset Management Asia Limited, advised by Aberdeen Asset Management Limited and sub-advised by Aberdeen Asset Management Investment Services Limited. The Fund's shares trade on the NYSE AMEX under the symbol "FCO".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeenfco.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE Aberdeen Global Income Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeenfco.com

Aberdeen Asia-Pacific Income Fund, Inc. (NYSE AMEX: FAX) (the "Fund"), a closed-end bond fund, announced today that it will pay a monthly distribution of US 3.5 cents per share on October 15, 2010 to all shareholders of record as of September 30, 2010 (ex-dividend date September 28, 2010).

The Board's policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. This policy is subject to regular review at the Board's quarterly meetings unless market conditions require an earlier evaluation. The next review is scheduled to take place in December 2010.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $0.42 per share.  The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, November 1, 2009, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed by Aberdeen Asset Management Asia Limited, advised by Aberdeen Asset Management Limited and sub-advised by Aberdeen Asset Management Investment Services Limited. The Fund's shares trade on the NYSE AMEX under the symbol "FAX".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeenfax.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE Aberdeen Asia-Pacific Income Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeenfax.com

The Rogers™-Van Eck Hard Assets Producers Index (TICKER: RVEI) will add eleven new components, effective 6:00 PM (EDT) Sunday, September 19, 2010, changing the number of index components to 319. The changes result from the quarterly rebalancing of the index.

Seven stocks will be added to the Rogers™-Van Eck Hard Assets Metals Producers Index, changing the number of index components to 105.

No changes will be made to the Rogers™-Van Eck Hard Assets Producers Liquid Index, maintaining the fixed number of 50 index components.

A complete list of constituents and weights will be posted on the Rogers™-Van Eck Hard Assets Producers Index website  (http://rve.snetglobalindexes.com/about_the_indexes.php) as of the effective date.

The Rogers™-Van Eck Hard Assets Producers Index is a capitalization-weighted, float-adjusted index of the most prominent commodity stocks in the world. To be included in the RVEI, stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover. The index is divided into six sectors: a) Energy, b) Agriculture, c) Base and Industrial Metals, d) Forest products, e) Precious Metals and f) Alternatives (Renewable Energy and Water)

Detailed information, including constituent data, rules and price information, on the Rogers™-Van Eck Hard Assets Producers Index is available at http://rve.snetglobalindexes.com/. Data is also available through most vendors of financial data.

Index: Rogers™-Van Eck Hard Assets Producers Index (USD) TICKER: RVEI  

Index: Rogers™-Van Eck Hard Assets Producers Index (EUR) TICKER: RVEIE

"Jim Rogers", "James Beeland Rogers, Jr.", "Rogers", are trademarks, service marks and/or registered trademarks of Beeland Interests, Inc., which are owned and controlled by James Beeland Rogers, Jr., and are used subject to license. "S-Network", is a service mark of S-Network Global Indexes LLC. "Van Eck" is a service mark of Van Eck Associates Corporation.  

Joseph LaCorte, CFA

S-Network Global Indexes, LLC

646-467-7927

www.rveindexes.com



SOURCE The Rogers-Van Eck Hard Assets Producers Index

Back to top

RELATED LINKS
http://rve.snetglobalindexes.com

On July 31st UCM Partners, a private, minority-owned fixed income investment boutique with approximately $1.7 billion in assets under management, marked the one year anniversary of their Opportunistic Mortgage Strategy Fund (Fund).  The Fund, which exceeded its absolute return target of 12% to 15% by more than double in its first year and currently has approximately $60 million in assets under management, is designed to capitalize on undervalued debt obligations, primarily within the residential mortgage-backed securities market.  UCM Partners, which was founded in 1992, launched the Fund in August 2009 after a 10+ year successful track record in dedicated mortgage-backed securities (MBS) strategies.  

The Fund is managed by UCM Partner's Chief Investment Officer, Jay Menozzi, CFA and Portfolio Managers Boris Peresechensky, CFA and Vesta Marks, CFA.  The Fund's performance since inception is a result of an investment process based on UCM's proprietary analytical models developed to capitalize on undervalued cash flows of securities at the top of the capital structure within the residential MBS market.  

"We are excited about the performance of our flagship fund as well as our overall platform of fixed income investment management products.  We are well positioned with an experienced team, a strong and distinct investment process,  a broadening platform of investment products based on our MBS experience and strong strategic partnerships, and of course our outstanding roster of institutional and fund investors," says Greg Parsons, UCM's CEO since May of this year after serving as the firm's COO.

UCM's CIO attributes the Fund's initial success to a combination of an improving market for non-agency MBS jumpstarted in part during 2009 by a number of government programs, along with UCM's quantitatively-based investment process for stress testing and valuing MBS cash flows at the loan level.  

About UCM Partners

Founded in 1992, UCM Partners is an MBE certified and SEC registered private, minority-owned boutique investment advisory firm and an independent provider of fixed income investment management to the institutional and wealth management investment community. Headquartered in New York City, the firm also has offices in Orlando and Philadelphia. For more information, please visit www.ucmpartners.com.

SOURCE UCM Partners

Back to top

RELATED LINKS
http://www.ucmpartners.com

Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS), a diversified closed-end investment company, today announced the earnings of the Fund for the three and six-month periods ended June 30, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $980,877 ($0.020 per common share).  For the six months ended June 30, 2010, the Fund had net investment income of $1,618,752 ($0.034 per common share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $1,501,213 ($0.031 per common share).  For the six months ended June 30, 2009, the Fund had net investment income of $2,587,972 ($0.054 per common share).  

Net realized and unrealized losses for the three months ended June 30, 2010 were $59,183,123 ($1.234 per common share) and net realized and unrealized losses for the six months ended June 30, 2010 were $33,145,011 ($0.694 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $64,586,294 ($1.355 per common share) and net realized and unrealized gains for the six months ended June 30, 2009 were $26,065,482 ($0.550 per common share).

On June 30, 2010, net assets of the Fund were $563,817,979.  The net asset value per common share on June 30, 2010 was $11.66 based on 48,340,447 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $566,261,920.  The net asset value per common share on June 30, 2009 was $11.82 based on 47,921,661 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

EATON VANCE ENHANCED EQUITY INCOME FUND II

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)












Three Months Ended


Six Months Ended



June 30,


June 30,



2010


2009


2010


2009

Gross investment income

$    2,715


$   3,028


$     5,107


$     5,652

Operating expenses

(1,734)


(1,527)


(3,488)


(3,064)


Net investment income

$       981


$   1,501


$     1,619


$     2,588

Net realized and unrealized gains (losses)








 on investments

$ (59,183)


$ 64,586


$ (33,145)


$   26,065


Net increase (decrease) in net assets









 from operations

$ (58,202)


$ 66,087


$ (31,526)


$   28,653










Earnings per Common Share Outstanding








Gross investment income

$    0.056


$   0.063


$     0.106


$     0.118

Operating expenses

(0.036)


(0.032)


(0.072)


(0.064)


Net investment income

$    0.020


$   0.031


$     0.034


$     0.054

Net realized and unrealized gains (losses)








 on investments

$   (1.234)


$   1.355


$   (0.694)


$     0.550


Net increase (decrease) in net assets









 from operations

$   (1.214)


$   1.386


$   (0.660)


$     0.604



















Net Asset Value at June 30 (Common Shares)









Net assets  





$ 563,818


$ 566,262


Shares outstanding





48,340


47,922


Net asset value per share outstanding





$     11.66


$     11.82










Market Value Summary (Common Shares)









Market price on NYSE at June 30





$     12.02


$     12.29


High market price (period ended June 30)





$     14.67


$     12.32


Low market price (period ended June 30)





$     11.72


$       7.59



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance California Municipal Bond Fund II (NYSE Amex: EIA) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and nine-month periods ended June 30, 2010.  The Fund's fiscal year ends on September 30, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $867,848 ($0.224 per common share).  From this amount, the Fund paid dividends on preferred shares of $28,215 (equal to $0.007 for each common share), resulting in net investment income after the preferred dividends of $839,633, or $0.217 per common share. The Fund's net investment income for the nine months ended June 30, 2010 was $2,638,972 ($0.682 per common share, before deduction of the preferred share dividends totaling $0.020 per common share), resulting in net investment income after the preferred dividends of $0.662 per common share. In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $853,763 ($0.220 per common share).  From this amount, the Fund paid dividends on preferred shares of $39,349 (equal to $0.010 for each common share), resulting in net investment income after the preferred dividends of $814,414, or $0.210 per common share. The Fund's net investment income for the nine months ended June 30, 2009 was $2,525,127 ($0.653 per common share, before deduction of the preferred share dividends totaling $0.076 per common share), resulting in net investment income after the preferred dividends of $0.577 per common share.

Net realized and unrealized losses for the three months ended June 30, 2010 were $321,051 ($0.089 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2010 were $4,517,683 ($1.167 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $2,092,066 ($0.537 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2009 were $2,285,261 ($0.591 per common share).

On June 30, 2010, net assets of the Fund applicable to common shares were $45,683,248.  The net asset value per common share on June 30, 2010 was $11.79 based on 3,873,114 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund applicable to common shares were $41,542,716.  The net asset value per common share on June 30, 2009 was $10.74 based on 3,866,749 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010 offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

EATON VANCE CALIFORNIA MUNICIPAL BOND FUND II

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)












Three Months Ended


Six Months Ended



June 30,


June 30,



2010


2009


2010


2009

Net investment income

$    868


$    854


$  2,639


$  2,525

Net realized and unrealized gains (losses)








 on investments

(321)


2,092


(4,518)


(2,285)

Preferred dividends paid from net investment income

(28)


(39)


(77)


(295)


Net increase (decrease) in net assets









 from operations

$    519


$ 2,907


$ (1,956)


$      (55)










Earnings per Common Share Outstanding








Net investment income

$ 0.224


$ 0.220


$  0.682


$  0.653

Net realized and unrealized gains (losses)








 on investments

(0.089)


0.537


(1.167)


(0.591)

Preferred dividends paid from net investment income

(0.007)


(0.010)


(0.020)


(0.076)


Net increase (decrease) in net assets









 from operations

$ 0.128


$ 0.747


$ (0.505)


$ (0.014)










Net investment income

$ 0.224


$ 0.220


$  0.682


$  0.653

Preferred dividends paid from net investment income

(0.007)


(0.010)


(0.020)


(0.076)

Net investment income after preferred dividends

$ 0.217


$ 0.210


$  0.662


$  0.577










Net Asset Value at June 30 (Common Shares)









Net assets





$45,683


$41,543


Shares outstanding





3,873


3,867


Net asset value per share outstanding





$11.79


$10.74










Market Value Summary (Common Shares)









Market price on NYSE Amex at June 30





$12.58


$10.74


High market price (period ended June 30)





$12.96


$12.62


Low market price (period ended June 30)





$11.12


$6.50



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Aberdeen Global Income Fund, Inc. (NYSE Amex: FCO) (the "Fund"), a closed-end bond fund, today announced that it paid on September 10, 2010, a monthly distribution of US 7.0 cents per share to all shareholders of record as of August 31, 2010.  

Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each 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 source of certain distributions to shareholders.

The following table sets forth the estimated amounts of the sources of the distribution for purposes of Section 19 of the 1940 Act and the Rules adopted thereunder. The table includes estimated amounts and percentages for this distribution and for the cumulative distributions paid 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 composition of the distributions may vary from month to month because the estimated composition may be impacted by future income, expenses and realized gains and losses on securities.



Estimated Amounts
of Current Monthly
Distribution per
share ($)

Estimated Amounts
of Current Monthly
Distribution per
share (%)

Estimated Amounts
of Fiscal Year to
Date Cumulative
Distributions per
share ($)

Estimated Amounts
of Fiscal Year to
Date Cumulative
Distributions per
share (%)

Net Investment Income

$0.0700

100%

$0.7000

100%

Net Realized Short-
Term Capital Gains

-

-

-

-

Net Realized Long-
Term Capital Gains

-

-

-

-

Return of Capital

$0.0000

0%

$0.0000

0%

Total (per common
share)

$0.0700

100%

$0.7000

100%




The Fund may estimate that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield," "income" or "profit."

The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The final determination of the source of all distributions in 2010 will 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. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The following table provides information regarding the Fund's total return performance based on net asset value (NAV) over various time periods as well as the Fund's annualized and cumulative distribution rates.


Average Annual Total Return on NAV for the 5 Year Period Ending 08/31/10

6.62%

Current Fiscal Period's Annualized Distribution Rate on NAV(1)

6.87%

Fiscal Year to Date (11/01/2009 to 08/31/2010)

Cumulative Total Return on NAV

11.05%

Cumulative Distribution Rate on NAV(1)

5.73%

(1) Based on the Fund's NAV as of August 31, 2010.



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. Shareholders should not draw any conclusions about the Fund's investment performance from the amount of the Fund's current distributions or from the terms of the distribution policy (the "Distribution Policy"), which is to provide investors with a stable monthly distribution.  

Pursuant to an exemptive order granted to the Fund by the Securities and Exchange Commission on December 14, 1999, the Fund 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 Fund 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 Fund, to be taxed at a lower long-term capital gains rate.  If the total distributions made in any calendar year exceed investment company taxable income and net capital gain, such excess distributed amount would be treated as ordinary income to the extent of the Fund's current and accumulated earnings and profits.  Distributions in excess of the earnings and profits would first be a tax-free return of capital to the extent of the adjusted tax basis in the shares.  After such adjusted tax basis is reduced to zero, the distribution would constitute capital gain (assuming the shares are held as capital assets).  

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 expenses 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 or hold securities that it would liquidate, for the purpose of paying the distribution.  The Distribution Policy may, under certain circumstances, cause the amounts of taxable distributions to exceed the levels required to be distributed under the Code (i.e., to the extent the Fund has capital losses in any taxable year, such losses may be carried forward to reduce the amount of capital gains required to be distributed in future years; if distributions in a year exceed the amount minimally required to be distributed under the tax rules, such excess will be taxable as ordinary income to the extent loss carryforwards reduce the required amount of capital gains distributions in that year).  The Fund's Board of Directors 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.

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeenfco.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE Aberdeen Global Income Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeenfco.com

American Capital Ltd. (Nasdaq: ACAS) announced today that it is encouraging all stockholders to submit their voting instructions promptly for the annual meeting of stockholders to be held on September 15, 2010.  Stockholders who have not yet voted may still vote in advance of the meeting by telephone or internet, as described below.  

The items for discussion at the Annual Meeting include:

  1. To elect eight directors, each to serve a one-year term;
  2. To approve the adoption of the Company's 2010 Disinterested Director Stock Option Plan;
  3. To approve the Company's ability to issue a limited number of preferred stock or debt securities convertible into shares of the Company's common stock;
  4. To ratify the appointment of Ernst & Young LLP to serve as the Company's independent public accountants for the year ending December 31, 2010; and
  5. To transact such other business as may properly come before the meeting or any adjournment thereof.

More information on the items to be discussed at the meeting can be found in the Company's proxy statement available at www.AmericanCapital.com/2010proxymaterials.

American Capital has engaged Georgeson Inc., a proxy solicitation firm, to contact stockholders by telephone to encourage voting.  Stockholders that have not already voted may receive calls prior to the meeting from Georgeson on behalf of the Company.

VOTING INSTRUCTIONS - SHARES HELD WITH A BROKER:

  • Stockholders may cast their votes on the internet at www.proxyvote.com.  Please have the proxy control number from the proxy card available and follow the instructions provided. 
  • Stockholders who wish to vote by phone may call American Capital's proxy solicitor, Georgeson, at (866) 316-3922.
  • Stockholders may contact their brokerage firms for help with casting their votes.

Please note that voting by phone or internet will require that you have your proxy control number available.  This number is printed on the proxy card accompanying the Proxy Statement.  Stockholders who have not yet received their proxy control number should contact their brokerage firm.

VOTING INSTRUCTIONS - SHARES HELD IN CERTIFICATE FORM:

  • Registered stockholders may cast their votes on the internet at www.investorvote.com/ACAS.  Please have the holder account number and proxy access number from the proxy card available and follow the instructions provided. 
  • Registered stockholders who wish to vote by phone may call American Capital's transfer agent, Computershare, at (800) 652-VOTE.

For further information or questions, please do not hesitate to call the Company's Investor Relations Department at (301) 951-5917 or send an email to IR@AmericanCapital.com.  

ABOUT AMERICAN CAPITAL

American Capital is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products.  Founded in 1986, American Capital has $15 billion in capital resources under management and eight offices in the U.S., Europe and Asia.  American Capital and its affiliates will consider investment opportunities from $5 million to $100 million.  For further information, please refer to www.AmericanCapital.com.

Contact:

Investors - (301) 951-5917



SOURCE American Capital Ltd.

Back to top

RELATED LINKS
http://www.americancapital.com

Charterhouse Group, Inc. ("Charterhouse") a New York-based private equity firm, together with Highlander Partners ("Highlander"), a Dallas-based investment firm, and MTS Health Investors ("MTS"), a healthcare private equity firm, announced today that Chamberlin Edmonds & Associates, Inc., one of their portfolio companies, has entered into a definitive agreement to be acquired by a subsidiary of Emdeon Inc. (NYSE: EM), for $260 million in cash.

Headquartered in Atlanta, Georgia, Chamberlin Edmonds is a leading provider of government program eligibility and enrollment services to over 200 acute care facilities in 30 states. Chamberlin Edmonds' technology-enabled services assist hospitals in lowering the incidence of uncompensated care, reducing bad-debt expense and increasing overall cash flow. Chamberlin Edmonds has a 24-year track record of patient advocacy and guiding uninsured patients through the complex processes associated with securing reimbursement from Medicaid, Social Security Disability, state disability, charity care and other community benefit programs.

Emdeon Inc. is a leading provider of healthcare revenue and payment cycle management solutions. The transaction will be financed through the use of unrestricted cash and borrowings under an amendment to Emdeon's existing credit facility that will be established simultaneously with the closing of the transaction. In connection with the credit facility amendment, Emdeon has entered into an incremental $100 million financing commitment with Citigroup Global Markets Inc.

Under the investors' ownership, the Company experienced rapid organic growth through the expansion of its hospital customer base and the launching of complementary service offerings. In addition, the Company implemented process and technology initiatives, which served to automate the process of populating an uninsured patient's information, resulting in higher approval rates, lower costs per submitted application and greater cash recovery for its customers.

The sale transaction exemplifies the investor group's approach of partnering with experienced, entrepreneurial management teams and executing well-defined growth strategies while using a prudent amount of debt. C. Taylor Cole, Jr., Managing Director at Charterhouse, William F. Miller, III, Operating Partner at Highlander Partners, Curtis S. Lane, Senior Managing Director at MTS Health Investors and Christopher J. Garcia, Member of the Investor Group and Chairman of the Company, collectively commented, "Chamberlin Edmonds is another example of our consistent strategy of partnering with seasoned executives and providing the financial and strategic resources necessary to help companies realize accelerated, profitable growth. We would like to thank Ulrich and his team for all the hard work and dedication they exhibited in leading Chamberlin Edmonds over the past several years. We are confident that the management team will have continuing success with Emdeon."

"Chamberlin Edmonds has created a scalable technology-enabled service delivery platform that blends national reach and perspective with local delivery and knowledge," said T. Ulrich Brechbuhl, president and chief executive officer for Chamberlin Edmonds & Associates. "By joining Emdeon, we are significantly better positioned to offer the full suite of tools, technologies, services and expertise required to build an optimized eligibility process, from screening through enrollment and cash recovery, to hospitals nationwide."

For the six-months ended June 30, 2010, Chamberlin Edmonds' revenue was approximately $46.3 million. The acquisition is subject to customary closing conditions, including expiration or early termination of the waiting period under the Hart-Scott-Rodino Act, and is expected to close in the fourth quarter of 2010. The Company was advised by Robert W. Baird & Co. and Bryan Cave LLP. Charterhouse was advised by Proskauer Rose LLP.

About Chamberlin Edmonds

Headquartered in Atlanta, Georgia, Chamberlin Edmonds serves as patient advocates and provides custom-tailored eligibility services to hospitals nationwide. Chamberlin Edmonds comprehensive services examine a wide spectrum of uninsured and underinsured patients, including inpatient, outpatient and emergency department cases. The advanced technology of its proprietary web-based system is built on the experience and expertise of some of the most qualified eligibility and enrollment professionals in the industry – its people. Chamberlin Edmonds has more than 24 years of experience in eligibility services, with eight regional offices in the U.S. Please visit www.chamberlinedmonds.com to learn more.

About Emdeon

Emdeon is a leading provider of revenue and payment cycle management solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon's product and service offerings integrate and automate key business and administrative functions of its payer and provider customers throughout the patient encounter. Through the use of Emdeon's comprehensive suite of products and services, which are designed to easily integrate with existing technology infrastructures, customers are able to improve efficiency, reduce costs, increase cash flow and more efficiently manage the complex revenue and payment cycle process. For more information, visit www.emdeon.com.

About Charterhouse Group

Charterhouse Group, Inc. is a private equity firm with almost four decades of experience in working with Entrepreneurs and building leading middle-market companies. Established in 1973, Charterhouse has invested in excess of $2.0 billion in equity and established over 100 platform companies with a focus in the Healthcare Services, Business Services and Consumer Products and Services sectors. For more information on Charterhouse, please visit www.charterhousegroup.com.

About Highlander

Highlander Partners, L.P. is an investment firm based in Dallas, Texas that manages assets across a variety of investment types with a significant portion of its funds allocated for direct private equity investments. Highlander Partners primarily focuses on healthcare investments, but also has expertise in basic manufacturing, performance chemicals, food ingredients and other sectors.

About MTS

MTS Health Investors, LLC, located in New York, is a healthcare private equity firm that makes equity investments in the buyout, recapitalization or growth financing of healthcare operating companies. MTS focuses on businesses that operate in services sectors of the healthcare industry - managed care/health insurance, providers of healthcare services, distributors of medical products and providers of outsourced services to the healthcare industry. MTS invests in profitable companies that deliver cost-effective services and have the ability to gain market share in industry segments that are typically large, growing, fragmented and poised for consolidation. For further information, please visit www.mtshealthinvestors.com.

SOURCE Charterhouse Group, Inc.

Back to top

RELATED LINKS
http://www.charterhousegroup.com
http://www.chamberlinedmonds.com
http://www.emdeon.com
http://www.mtshealthinvestors.com

Eaton Vance Enhanced Equity Income Fund (NYSE: EOI), a diversified closed-end investment company, today announced the earnings of the Fund for the three and nine-month periods ended June 30, 2010.  The Fund's fiscal year ends on September 30, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $913,327 ($0.022 per common share).  For the nine months ended June 30, 2010, the Fund had net investment income of $2,729,733 ($0.068 per common share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $1,618,673 ($0.040 per common share).  For the nine months ended June 30, 2009, the Fund had net investment income of $4,901,727 ($0.123 per common share).  

Net realized and unrealized losses for the three months ended June 30, 2010 were $57,382,328 ($1.441 per common share) and net realized and unrealized losses for the nine months ended June 30, 2010 were $5,855,861 ($0.147 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $49,814,349 ($1.256 per common share) and net realized and unrealized losses for the nine months ended June 30, 2009 were $116,512,338 ($2.935 per common share).

On June 30, 2010, net assets of the Fund were $489,459,239.  The net asset value per common share on June 30, 2010 was $12.27 based on 39,891,989 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $494,289,271.  The net asset value per common share on June 30, 2009 was $12.45 based on 39,711,336 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

EATON VANCE ENHANCED EQUITY INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)



















Three Months Ended



Nine Months Ended







June 30,



June 30,






2010


2009


2010


2009

Gross investment income



$                       2,451


$                       3,038


$                       7,292


$                       9,234

Operating expenses




(1,538)


(1,419)


(4,563)


(4,332)


Net investment income



$                          913


$                       1,619


$                       2,729


$                       4,902

Net realized and unrealized gains (losses)









 on investments




$                   (57,382)


$                     49,815


$                     (5,856)


$                 (116,512)


Net increase (decrease) in net assets









 from operations



$                   (56,469)


$                     51,434


$                     (3,127)


$                 (111,610)













Earnings per Common Share Outstanding









Gross investment income



$                       0.061


$                       0.076


$                       0.183


$                       0.232

Operating expenses




(0.039)


(0.036)


(0.115)


(0.109)


Net investment income



$                       0.022


$                       0.040


$                       0.068


$                       0.123

Net realized and unrealized gains (losses)









 on investments




$                     (1.441)


$                       1.256


$                     (0.147)


$                     (2.935)


Net increase (decrease) in net assets









 from operations



$                     (1.419)


$                       1.296


$                     (0.079)


$                     (2.812)

























Net Asset Value at June 30 (Common Shares)









Net assets  








$                   489,459


$                   494,289


Shares outstanding







39,892


39,711


Net asset value per share outstanding





$                       12.27


$                       12.45













Market Value Summary (Common Shares)










Market price on NYSE at June 30






$                       12.68


$                       12.30


High market price (period ended June 30)





$                       14.75


$                       13.56


Low market price (period ended June 30)





$                       12.33


$                         8.14












SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

On July 31st UCM Partners, a private, minority-owned fixed income investment boutique with approximately $1.7 billion in assets under management, marked the one year anniversary of their Opportunistic Mortgage Strategy Fund (Fund).  The Fund, which exceeded its absolute return target of 12% to 15% by more than double in its first year and currently has approximately $60 million in assets under management, is designed to capitalize on undervalued debt obligations, primarily within the residential mortgage-backed securities market.  UCM Partners, which was founded in 1992, launched the Fund in August 2009 after a 10+ year successful track record in dedicated mortgage-backed securities (MBS) strategies.  

The Fund is managed by UCM Partner's Chief Investment Officer, Jay Menozzi, CFA and Portfolio Managers Boris Peresechensky, CFA and Vesta Marks, CFA.  The Fund's performance since inception is a result of an investment process based on UCM's proprietary analytical models developed to capitalize on undervalued cash flows of securities at the top of the capital structure within the residential MBS market.  

"We are excited about the performance of our flagship fund as well as our overall platform of fixed income investment management products.  We are well positioned with an experienced team, a strong and distinct investment process,  a broadening platform of investment products based on our MBS experience and strong strategic partnerships, and of course our outstanding roster of institutional and fund investors," says Greg Parsons, UCM's CEO since May of this year after serving as the firm's COO.

UCM's CIO attributes the Fund's initial success to a combination of an improving market for non-agency MBS jumpstarted in part during 2009 by a number of government programs, along with UCM's quantitatively-based investment process for stress testing and valuing MBS cash flows at the loan level.  

About UCM Partners

Founded in 1992, UCM Partners is an MBE certified and SEC registered private, minority-owned boutique investment advisory firm and an independent provider of fixed income investment management to the institutional and wealth management investment community. Headquartered in New York City, the firm also has offices in Orlando and Philadelphia. For more information, please visit www.ucmpartners.com.

SOURCE UCM Partners

Back to top

RELATED LINKS
http://www.ucmpartners.com

Eaton Vance Michigan Municipal Bond Fund (NYSE Amex: MIW) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and nine-month periods ended June 30, 2010.  The Fund's fiscal year ends on September 30, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $348,661 ($0.231 per common share).  From this amount, the Fund paid dividends on preferred shares of $14,844 (equal to $0.010 for each common share), resulting in net investment income after the preferred dividends of $333,817, or $0.221 per common share. The Fund's net investment income for the nine months ended June 30, 2010 was $1,049,216 ($0.694 per common share, before deduction of the preferred share dividends totaling $0.027 per common share), resulting in net investment income after the preferred dividends of $0.667 per common share. In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $353,453 ($0.234 per common share).  From this amount, the Fund paid dividends on preferred shares of $20,818 (equal to $0.014 for each common share), resulting in net investment income after the preferred dividends of $332,635, or $0.220 per common share. The Fund's net investment income for the nine months ended June 30, 2009 was $1,053,286 ($0.697 per common share, before deduction of the preferred share dividends totaling $0.102 per common share), resulting in net investment income after the preferred dividends of $0.595 per common share.

Net realized and unrealized losses for the three months ended June 30, 2010 were $71,733 ($0.053 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2010 were $1,217,782 ($0.805 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $1,070,910 ($0.706 per common share). The Fund's net realized and unrealized gains for the nine months ended June 30, 2009 were $639,400 ($0.423 per common share).

On June 30, 2010, net assets of the Fund applicable to common shares were $21,082,280.  The net asset value per common share on June 30, 2010 was $13.94 based on 1,512,242 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund applicable to common shares were $19,712,044.  The net asset value per common share on June 30, 2009 was $13.04 based on 1,511,845 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

EATON VANCE MICHIGAN MUNICIPAL BOND FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)












Three Months Ended


Nine Months Ended



June 30,


June 30,



2010


2009


2010


2009

Net investment income

$    348


$    353


$  1,049


$  1,053

Net realized and unrealized gains (losses)








 on investments

(72)


1,071


(1,218)


639

Preferred dividends paid from net investment income (1)

(15)


(21)


(40)


(154)


Net increase (decrease) in net assets









 from operations

$    261


$ 1,403


$    (209)


$  1,538










Earnings per Common Share Outstanding








Net investment income

$ 0.231


$ 0.234


$  0.694


$  0.697

Net realized and unrealized gains (losses)








 on investments

(0.053)


0.706


(0.805)


0.423

Preferred dividends paid from net investment income (1)

(0.010)


(0.014)


(0.027)


(0.102)


Net increase (decrease) in net assets









 from operations

$ 0.168


$ 0.926


$ (0.138)


$  1.018










Net investment income

$ 0.231


$ 0.234


$  0.694


$  0.697

Preferred dividends paid from net investment income (1)

(0.010)


(0.014)


(0.027)


(0.102)

Net investment income after preferred dividends (1)

$ 0.221


$ 0.220


$  0.667


$  0.595










Net Asset Value at June 30 (Common Shares)









Net assets





$21,082


$19,712


Shares outstanding





1,512


1,512


Net asset value per share outstanding





$13.94


$13.04










Market Value Summary (Common Shares)









Market price on NYSE Amex at June 30





$13.33


$12.07


High market price (period ended June 30)





$14.38


$13.15


Low market price (period ended June 30)





$12.91


$8.03










(1) During the period ended June 30, 2009, the Fund made a partial redemption of its preferred shares.



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance California Municipal Bond Fund II (NYSE Amex: EIA) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and nine-month periods ended June 30, 2010.  The Fund's fiscal year ends on September 30, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $867,848 ($0.224 per common share).  From this amount, the Fund paid dividends on preferred shares of $28,215 (equal to $0.007 for each common share), resulting in net investment income after the preferred dividends of $839,633, or $0.217 per common share. The Fund's net investment income for the nine months ended June 30, 2010 was $2,638,972 ($0.682 per common share, before deduction of the preferred share dividends totaling $0.020 per common share), resulting in net investment income after the preferred dividends of $0.662 per common share. In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $853,763 ($0.220 per common share).  From this amount, the Fund paid dividends on preferred shares of $39,349 (equal to $0.010 for each common share), resulting in net investment income after the preferred dividends of $814,414, or $0.210 per common share. The Fund's net investment income for the nine months ended June 30, 2009 was $2,525,127 ($0.653 per common share, before deduction of the preferred share dividends totaling $0.076 per common share), resulting in net investment income after the preferred dividends of $0.577 per common share.

Net realized and unrealized losses for the three months ended June 30, 2010 were $321,051 ($0.089 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2010 were $4,517,683 ($1.167 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $2,092,066 ($0.537 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2009 were $2,285,261 ($0.591 per common share).

On June 30, 2010, net assets of the Fund applicable to common shares were $45,683,248.  The net asset value per common share on June 30, 2010 was $11.79 based on 3,873,114 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund applicable to common shares were $41,542,716.  The net asset value per common share on June 30, 2009 was $10.74 based on 3,866,749 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010 offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

EATON VANCE CALIFORNIA MUNICIPAL BOND FUND II

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)












Three Months Ended


Six Months Ended



June 30,


June 30,



2010


2009


2010


2009

Net investment income

$    868


$    854


$  2,639


$  2,525

Net realized and unrealized gains (losses)








 on investments

(321)


2,092


(4,518)


(2,285)

Preferred dividends paid from net investment income

(28)


(39)


(77)


(295)


Net increase (decrease) in net assets









 from operations

$    519


$ 2,907


$ (1,956)


$      (55)










Earnings per Common Share Outstanding








Net investment income

$ 0.224


$ 0.220


$  0.682


$  0.653

Net realized and unrealized gains (losses)








 on investments

(0.089)


0.537


(1.167)


(0.591)

Preferred dividends paid from net investment income

(0.007)


(0.010)


(0.020)


(0.076)


Net increase (decrease) in net assets









 from operations

$ 0.128


$ 0.747


$ (0.505)


$ (0.014)










Net investment income

$ 0.224


$ 0.220


$  0.682


$  0.653

Preferred dividends paid from net investment income

(0.007)


(0.010)


(0.020)


(0.076)

Net investment income after preferred dividends

$ 0.217


$ 0.210


$  0.662


$  0.577










Net Asset Value at June 30 (Common Shares)









Net assets





$45,683


$41,543


Shares outstanding





3,873


3,867


Net asset value per share outstanding





$11.79


$10.74










Market Value Summary (Common Shares)









Market price on NYSE Amex at June 30





$12.58


$10.74


High market price (period ended June 30)





$12.96


$12.62


Low market price (period ended June 30)





$11.12


$6.50



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

The Rogers™-Van Eck Hard Assets Producers Index (TICKER: RVEI) will add eleven new components, effective 6:00 PM (EDT) Sunday, September 19, 2010, changing the number of index components to 319. The changes result from the quarterly rebalancing of the index.

Seven stocks will be added to the Rogers™-Van Eck Hard Assets Metals Producers Index, changing the number of index components to 105.

No changes will be made to the Rogers™-Van Eck Hard Assets Producers Liquid Index, maintaining the fixed number of 50 index components.

A complete list of constituents and weights will be posted on the Rogers™-Van Eck Hard Assets Producers Index website  (http://rve.snetglobalindexes.com/about_the_indexes.php) as of the effective date.

The Rogers™-Van Eck Hard Assets Producers Index is a capitalization-weighted, float-adjusted index of the most prominent commodity stocks in the world. To be included in the RVEI, stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover. The index is divided into six sectors: a) Energy, b) Agriculture, c) Base and Industrial Metals, d) Forest products, e) Precious Metals and f) Alternatives (Renewable Energy and Water)

Detailed information, including constituent data, rules and price information, on the Rogers™-Van Eck Hard Assets Producers Index is available at http://rve.snetglobalindexes.com/. Data is also available through most vendors of financial data.

Index: Rogers™-Van Eck Hard Assets Producers Index (USD) TICKER: RVEI  

Index: Rogers™-Van Eck Hard Assets Producers Index (EUR) TICKER: RVEIE

"Jim Rogers", "James Beeland Rogers, Jr.", "Rogers", are trademarks, service marks and/or registered trademarks of Beeland Interests, Inc., which are owned and controlled by James Beeland Rogers, Jr., and are used subject to license. "S-Network", is a service mark of S-Network Global Indexes LLC. "Van Eck" is a service mark of Van Eck Associates Corporation.  

Joseph LaCorte, CFA

S-Network Global Indexes, LLC

646-467-7927

www.rveindexes.com



SOURCE The Rogers-Van Eck Hard Assets Producers Index

Back to top

RELATED LINKS
http://rve.snetglobalindexes.com

The Thomson Reuters/Jefferies CRB In-The-Ground Global Commodity Index (TICKER: CRBQX) will add three new components, effective 6:00 PM (EDT) Sunday, September 19, 2010.  One stock will be deleted from the index, changing the number of index components to 150.

The additions to CRBQX are: Fortescue Metals Group Ltd (TICKER: FMG AU); Inpex Corp (TICKER: 1605 JP); Royal Gold Inc (TICKER: RGLD US).

The deletion from CRBQX is: Aluminum Corp of China (TICKER: ACH US).

These additions and deletions affect three CRB-EQ sub-indexes:

CRBEX (Energy) added Inpex Corporation (TICKER: 1605 JP).

CRBIX (Base & Industrial Metals) deleted Aluminum Corp of China (TICKER: ACH US) and added Fortescue Metals Group Ltd (TICKER: FMG AU).

CRBGX (Precious Metals) added Royal Gold Inc (TICKER: RGLD US).

Thomson Reuters/Jefferies CRB Wildcatters Energy E&P Equity Index (TICKER: WCATI) will add two new components, effective 6:00 PM (EDT) Sunday, September 19, 2010.  Five stocks will be deleted from the index, changing the number of index components to 61.

The additions to WCATI are: Chinook Energy Inc (TICKER: CKE CN); Energy XXI Bermuda Ltd (TICKER: EXXI US).

The deletions from WCATI are: Anderson Energy Ltd (TICKER: AXL CN); Compton Petroleum Corp (TICKER: CMT CN); Endeavour International Corp (TICKER: END US); GMX Resources Inc (TICKER: GMXR US); Ivanhoe Energy Inc (TICKER: IE CN).

A complete list of constituents and weights will be posted on the Thomson Reuters/Jefferies CRB Equity Indexes family website (http://www.crbequityindexes.com/indexdata-form.php) as of the effective date.

The Thomson Reuters/Jefferies CRB In-The-Ground Global Commodity Equity Index (TICKER: CRBQX) is an equity index designed to serve as a benchmark for globally traded stocks that are principally engaged in the production and distribution of commodities, including energy, metals and agricultural products.

Detailed information on the CRBQX and WCATI is available at http://www.crbequityindexes.com/ and most vendors of financial data.

Joseph LaCorte

S-Network Global Indexes, LLC

646-467-7927

www.crbequityindexes.com  



SOURCE Thomson Reuters/Jefferies CRB In-The-Ground Global Commodity Index

Back to top

RELATED LINKS
http://www.crbequityindexes.com

On July 31st UCM Partners, a private, minority-owned fixed income investment boutique with approximately $1.7 billion in assets under management, marked the one year anniversary of their Opportunistic Mortgage Strategy Fund (Fund).  The Fund, which exceeded its absolute return target of 12% to 15% by more than double in its first year and currently has approximately $60 million in assets under management, is designed to capitalize on undervalued debt obligations, primarily within the residential mortgage-backed securities market.  UCM Partners, which was founded in 1992, launched the Fund in August 2009 after a 10+ year successful track record in dedicated mortgage-backed securities (MBS) strategies.  

The Fund is managed by UCM Partner's Chief Investment Officer, Jay Menozzi, CFA and Portfolio Managers Boris Peresechensky, CFA and Vesta Marks, CFA.  The Fund's performance since inception is a result of an investment process based on UCM's proprietary analytical models developed to capitalize on undervalued cash flows of securities at the top of the capital structure within the residential MBS market.  

"We are excited about the performance of our flagship fund as well as our overall platform of fixed income investment management products.  We are well positioned with an experienced team, a strong and distinct investment process,  a broadening platform of investment products based on our MBS experience and strong strategic partnerships, and of course our outstanding roster of institutional and fund investors," says Greg Parsons, UCM's CEO since May of this year after serving as the firm's COO.

UCM's CIO attributes the Fund's initial success to a combination of an improving market for non-agency MBS jumpstarted in part during 2009 by a number of government programs, along with UCM's quantitatively-based investment process for stress testing and valuing MBS cash flows at the loan level.  

About UCM Partners

Founded in 1992, UCM Partners is an MBE certified and SEC registered private, minority-owned boutique investment advisory firm and an independent provider of fixed income investment management to the institutional and wealth management investment community. Headquartered in New York City, the firm also has offices in Orlando and Philadelphia. For more information, please visit www.ucmpartners.com.

SOURCE UCM Partners

Back to top

RELATED LINKS
http://www.ucmpartners.com

Eaton Vance Michigan Municipal Bond Fund (NYSE Amex: MIW) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and nine-month periods ended June 30, 2010.  The Fund's fiscal year ends on September 30, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $348,661 ($0.231 per common share).  From this amount, the Fund paid dividends on preferred shares of $14,844 (equal to $0.010 for each common share), resulting in net investment income after the preferred dividends of $333,817, or $0.221 per common share. The Fund's net investment income for the nine months ended June 30, 2010 was $1,049,216 ($0.694 per common share, before deduction of the preferred share dividends totaling $0.027 per common share), resulting in net investment income after the preferred dividends of $0.667 per common share. In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $353,453 ($0.234 per common share).  From this amount, the Fund paid dividends on preferred shares of $20,818 (equal to $0.014 for each common share), resulting in net investment income after the preferred dividends of $332,635, or $0.220 per common share. The Fund's net investment income for the nine months ended June 30, 2009 was $1,053,286 ($0.697 per common share, before deduction of the preferred share dividends totaling $0.102 per common share), resulting in net investment income after the preferred dividends of $0.595 per common share.

Net realized and unrealized losses for the three months ended June 30, 2010 were $71,733 ($0.053 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2010 were $1,217,782 ($0.805 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $1,070,910 ($0.706 per common share). The Fund's net realized and unrealized gains for the nine months ended June 30, 2009 were $639,400 ($0.423 per common share).

On June 30, 2010, net assets of the Fund applicable to common shares were $21,082,280.  The net asset value per common share on June 30, 2010 was $13.94 based on 1,512,242 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund applicable to common shares were $19,712,044.  The net asset value per common share on June 30, 2009 was $13.04 based on 1,511,845 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

EATON VANCE MICHIGAN MUNICIPAL BOND FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)












Three Months Ended


Nine Months Ended



June 30,


June 30,



2010


2009


2010


2009

Net investment income

$    348


$    353


$  1,049


$  1,053

Net realized and unrealized gains (losses)








 on investments

(72)


1,071


(1,218)


639

Preferred dividends paid from net investment income (1)

(15)


(21)


(40)


(154)


Net increase (decrease) in net assets









 from operations

$    261


$ 1,403


$    (209)


$  1,538










Earnings per Common Share Outstanding








Net investment income

$ 0.231


$ 0.234


$  0.694


$  0.697

Net realized and unrealized gains (losses)








 on investments

(0.053)


0.706


(0.805)


0.423

Preferred dividends paid from net investment income (1)

(0.010)


(0.014)


(0.027)


(0.102)


Net increase (decrease) in net assets









 from operations

$ 0.168


$ 0.926


$ (0.138)


$  1.018










Net investment income

$ 0.231


$ 0.234


$  0.694


$  0.697

Preferred dividends paid from net investment income (1)

(0.010)


(0.014)


(0.027)


(0.102)

Net investment income after preferred dividends (1)

$ 0.221


$ 0.220


$  0.667


$  0.595










Net Asset Value at June 30 (Common Shares)









Net assets





$21,082


$19,712


Shares outstanding





1,512


1,512


Net asset value per share outstanding





$13.94


$13.04










Market Value Summary (Common Shares)









Market price on NYSE Amex at June 30





$13.33


$12.07


High market price (period ended June 30)





$14.38


$13.15


Low market price (period ended June 30)





$12.91


$8.03










(1) During the period ended June 30, 2009, the Fund made a partial redemption of its preferred shares.



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance New York Municipal Bond Fund II (NYSE Amex: NYH) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and nine-month periods ended June 30, 2010. The Fund's fiscal year ends on September 30, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $542,607 ($0.212 per common share).  From this amount, the Fund paid dividends on preferred shares of $14,761 (equal to $0.006 for each common share), resulting in net investment income after the preferred dividends of $527,846, or $0.206 per common share. The Fund's net investment income for the nine months ended June 30, 2010 was $1,635,451 ($0.639 per common share, before deduction of the preferred share dividends totaling $0.016 per common share), resulting in net investment income after the preferred dividends of $0.623 per common share. In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $564,308 ($0.221 per common share).  From this amount, the Fund paid dividends on preferred shares of $20,702 (equal to $0.008 for each common share), resulting in net investment income after the preferred dividends of $543,606, or $0.213 per common share. The Fund's net investment income for the nine months ended June 30, 2009 was $1,672,360 ($0.654 per common share, before deduction of the preferred share dividends totaling $0.059 per common share), resulting in net investment income after the preferred dividends of $0.595 per common share.

Net realized and unrealized losses for the three months ended June 30, 2010 were $336,179 ($0.137 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2010 were $2,037,917 ($0.796 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $2,635,403 ($1.038 per common share). The Fund's net realized and unrealized gains for the nine months ended June 30, 2009 were $545,655 ($0.213 per common share).

On June 30, 2010, net assets of the Fund applicable to common shares were $32,744,844.  The net asset value per common share on June 30, 2010 was $12.79 based on 2,560,228 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund applicable to common shares were $30,075,574.  The net asset value per common share on June 30, 2009 was $11.76 based on 2,557,540 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010 offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

EATON VANCE NEW YORK MUNICIPAL BOND FUND II

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)









Three Months Ended

June 30,

Nine Months Ended

June 30,









2010

2009

2010

2009

Net investment income

$    543

$    564

$  1,635

$  1,672

Net realized and unrealized gains (losses)





 on investments

(336)

2,635

(2,038)

546

Preferred dividends paid from net investment income

(15)

(21)

(40)

(152)


Net increase (decrease) in net assets






 from operations

$    192

$  3,178

$  (443)

$  2,066







Earnings per Common Share Outstanding





Net investment income

$  0.212

$  0.221

$  0.639

$  0.654

Net realized and unrealized gains (losses)





 on investments

(0.137)

1.038

(0.796)

0.213

Preferred dividends paid from net investment income

(0.006)

(0.008)

(0.016)

(0.059)


Net increase (decrease) in net assets






 from operations

$  0.069

$  1.251

$(0.173)

$  0.808







Net investment income

$  0.212

$  0.221

$  0.639

$  0.654

Preferred dividends paid from net investment income

(0.006)

(0.008)

(0.016)

(0.059)

Net investment income after preferred dividends

$  0.206

$  0.213

$  0.623

$  0.595







Net Asset Value at June 30 (Common Shares)






Net assets



$ 32,745

$ 30,076


Shares outstanding



2,560

2,558


Net asset value per share outstanding



$   12.79

$  11.76







Market Value Summary (Common Shares)






Market price on NYSE Amex at June 30



$  13.70

$  11.97


High market price (period ended June 30)



$  14.24

$  13.75


Low market price (period ended June 30)



$  12.91

$   7.50



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Aberdeen Global Income Fund, Inc. (NYSE Amex: FCO) (the "Fund"), a closed-end bond fund, announced today that it will pay a monthly distribution of US 7.0 cents per share on October 15, 2010 to all shareholders of record as of September 30, 2010 (ex-dividend date September 28, 2010).

The Board's policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. This policy is subject to regular review at the Board's quarterly meetings unless market conditions require an earlier evaluation. The next review is scheduled to take place in December 2010.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $0.84 per share. The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, November 1, 2009, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed by Aberdeen Asset Management Asia Limited, advised by Aberdeen Asset Management Limited and sub-advised by Aberdeen Asset Management Investment Services Limited. The Fund's shares trade on the NYSE AMEX under the symbol "FCO".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeenfco.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE Aberdeen Global Income Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeenfco.com

Aberdeen Australia Equity Fund, Inc. (NYSE Amex: IAF) (the "Fund"), a closed-end equity fund, announced today that it will pay a quarterly distribution of US 27 cents per share on October 15, 2010 to all shareholders of record as of September 30, 2010 (ex-dividend date September 28, 2010).

The Fund has a managed distribution policy of paying quarterly distributions at an annual rate, set once a year, that is a percentage of the rolling average of the Fund's prior four quarter-end net asset values.  In March 2010, the Board of Directors determined that the rolling distribution rate would be 10% for the 12 months commencing with the distribution payable in April 2010.  This policy will be subject to regular review by the Fund's Board of Directors.  The distributions will be made from current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $0.94 per share.  The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, November 1, 2009, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed by Aberdeen Asset Management Asia Limited and advised by Aberdeen Asset Management Limited.   The Fund's shares trade on the NYSE AMEX under the symbol "IAF".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeeniaf.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE Aberdeen Australia Equity Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeeniaf.com

Charterhouse Group, Inc. ("Charterhouse") a New York-based private equity firm, together with Highlander Partners ("Highlander"), a Dallas-based investment firm, and MTS Health Investors ("MTS"), a healthcare private equity firm, announced today that Chamberlin Edmonds & Associates, Inc., one of their portfolio companies, has entered into a definitive agreement to be acquired by a subsidiary of Emdeon Inc. (NYSE: EM), for $260 million in cash.

Headquartered in Atlanta, Georgia, Chamberlin Edmonds is a leading provider of government program eligibility and enrollment services to over 200 acute care facilities in 30 states. Chamberlin Edmonds' technology-enabled services assist hospitals in lowering the incidence of uncompensated care, reducing bad-debt expense and increasing overall cash flow. Chamberlin Edmonds has a 24-year track record of patient advocacy and guiding uninsured patients through the complex processes associated with securing reimbursement from Medicaid, Social Security Disability, state disability, charity care and other community benefit programs.

Emdeon Inc. is a leading provider of healthcare revenue and payment cycle management solutions. The transaction will be financed through the use of unrestricted cash and borrowings under an amendment to Emdeon's existing credit facility that will be established simultaneously with the closing of the transaction. In connection with the credit facility amendment, Emdeon has entered into an incremental $100 million financing commitment with Citigroup Global Markets Inc.

Under the investors' ownership, the Company experienced rapid organic growth through the expansion of its hospital customer base and the launching of complementary service offerings. In addition, the Company implemented process and technology initiatives, which served to automate the process of populating an uninsured patient's information, resulting in higher approval rates, lower costs per submitted application and greater cash recovery for its customers.

The sale transaction exemplifies the investor group's approach of partnering with experienced, entrepreneurial management teams and executing well-defined growth strategies while using a prudent amount of debt. C. Taylor Cole, Jr., Managing Director at Charterhouse, William F. Miller, III, Operating Partner at Highlander Partners, Curtis S. Lane, Senior Managing Director at MTS Health Investors and Christopher J. Garcia, Member of the Investor Group and Chairman of the Company, collectively commented, "Chamberlin Edmonds is another example of our consistent strategy of partnering with seasoned executives and providing the financial and strategic resources necessary to help companies realize accelerated, profitable growth. We would like to thank Ulrich and his team for all the hard work and dedication they exhibited in leading Chamberlin Edmonds over the past several years. We are confident that the management team will have continuing success with Emdeon."

"Chamberlin Edmonds has created a scalable technology-enabled service delivery platform that blends national reach and perspective with local delivery and knowledge," said T. Ulrich Brechbuhl, president and chief executive officer for Chamberlin Edmonds & Associates. "By joining Emdeon, we are significantly better positioned to offer the full suite of tools, technologies, services and expertise required to build an optimized eligibility process, from screening through enrollment and cash recovery, to hospitals nationwide."

For the six-months ended June 30, 2010, Chamberlin Edmonds' revenue was approximately $46.3 million. The acquisition is subject to customary closing conditions, including expiration or early termination of the waiting period under the Hart-Scott-Rodino Act, and is expected to close in the fourth quarter of 2010. The Company was advised by Robert W. Baird & Co. and Bryan Cave LLP. Charterhouse was advised by Proskauer Rose LLP.

About Chamberlin Edmonds

Headquartered in Atlanta, Georgia, Chamberlin Edmonds serves as patient advocates and provides custom-tailored eligibility services to hospitals nationwide. Chamberlin Edmonds comprehensive services examine a wide spectrum of uninsured and underinsured patients, including inpatient, outpatient and emergency department cases. The advanced technology of its proprietary web-based system is built on the experience and expertise of some of the most qualified eligibility and enrollment professionals in the industry – its people. Chamberlin Edmonds has more than 24 years of experience in eligibility services, with eight regional offices in the U.S. Please visit www.chamberlinedmonds.com to learn more.

About Emdeon

Emdeon is a leading provider of revenue and payment cycle management solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon's product and service offerings integrate and automate key business and administrative functions of its payer and provider customers throughout the patient encounter. Through the use of Emdeon's comprehensive suite of products and services, which are designed to easily integrate with existing technology infrastructures, customers are able to improve efficiency, reduce costs, increase cash flow and more efficiently manage the complex revenue and payment cycle process. For more information, visit www.emdeon.com.

About Charterhouse Group

Charterhouse Group, Inc. is a private equity firm with almost four decades of experience in working with Entrepreneurs and building leading middle-market companies. Established in 1973, Charterhouse has invested in excess of $2.0 billion in equity and established over 100 platform companies with a focus in the Healthcare Services, Business Services and Consumer Products and Services sectors. For more information on Charterhouse, please visit www.charterhousegroup.com.

About Highlander

Highlander Partners, L.P. is an investment firm based in Dallas, Texas that manages assets across a variety of investment types with a significant portion of its funds allocated for direct private equity investments. Highlander Partners primarily focuses on healthcare investments, but also has expertise in basic manufacturing, performance chemicals, food ingredients and other sectors.

About MTS

MTS Health Investors, LLC, located in New York, is a healthcare private equity firm that makes equity investments in the buyout, recapitalization or growth financing of healthcare operating companies. MTS focuses on businesses that operate in services sectors of the healthcare industry - managed care/health insurance, providers of healthcare services, distributors of medical products and providers of outsourced services to the healthcare industry. MTS invests in profitable companies that deliver cost-effective services and have the ability to gain market share in industry segments that are typically large, growing, fragmented and poised for consolidation. For further information, please visit www.mtshealthinvestors.com.

SOURCE Charterhouse Group, Inc.

Back to top

RELATED LINKS
http://www.charterhousegroup.com
http://www.chamberlinedmonds.com
http://www.emdeon.com
http://www.mtshealthinvestors.com

Eaton Vance Enhanced Equity Income Fund (NYSE: EOI), a diversified closed-end investment company, today announced the earnings of the Fund for the three and nine-month periods ended June 30, 2010.  The Fund's fiscal year ends on September 30, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $913,327 ($0.022 per common share).  For the nine months ended June 30, 2010, the Fund had net investment income of $2,729,733 ($0.068 per common share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $1,618,673 ($0.040 per common share).  For the nine months ended June 30, 2009, the Fund had net investment income of $4,901,727 ($0.123 per common share).  

Net realized and unrealized losses for the three months ended June 30, 2010 were $57,382,328 ($1.441 per common share) and net realized and unrealized losses for the nine months ended June 30, 2010 were $5,855,861 ($0.147 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $49,814,349 ($1.256 per common share) and net realized and unrealized losses for the nine months ended June 30, 2009 were $116,512,338 ($2.935 per common share).

On June 30, 2010, net assets of the Fund were $489,459,239.  The net asset value per common share on June 30, 2010 was $12.27 based on 39,891,989 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $494,289,271.  The net asset value per common share on June 30, 2009 was $12.45 based on 39,711,336 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

EATON VANCE ENHANCED EQUITY INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)



















Three Months Ended



Nine Months Ended







June 30,



June 30,






2010


2009


2010


2009

Gross investment income



$                       2,451


$                       3,038


$                       7,292


$                       9,234

Operating expenses




(1,538)


(1,419)


(4,563)


(4,332)


Net investment income



$                          913


$                       1,619


$                       2,729


$                       4,902

Net realized and unrealized gains (losses)









 on investments




$                   (57,382)


$                     49,815


$                     (5,856)


$                 (116,512)


Net increase (decrease) in net assets









 from operations



$                   (56,469)


$                     51,434


$                     (3,127)


$                 (111,610)













Earnings per Common Share Outstanding









Gross investment income



$                       0.061


$                       0.076


$                       0.183


$                       0.232

Operating expenses




(0.039)


(0.036)


(0.115)


(0.109)


Net investment income



$                       0.022


$                       0.040


$                       0.068


$                       0.123

Net realized and unrealized gains (losses)









 on investments




$                     (1.441)


$                       1.256


$                     (0.147)


$                     (2.935)


Net increase (decrease) in net assets









 from operations



$                     (1.419)


$                       1.296


$                     (0.079)


$                     (2.812)

























Net Asset Value at June 30 (Common Shares)









Net assets  








$                   489,459


$                   494,289


Shares outstanding







39,892


39,711


Net asset value per share outstanding





$                       12.27


$                       12.45













Market Value Summary (Common Shares)










Market price on NYSE at June 30






$                       12.68


$                       12.30


High market price (period ended June 30)





$                       14.75


$                       13.56


Low market price (period ended June 30)





$                       12.33


$                         8.14












SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

John Hancock Advisers, LLC announced today that portfolio information, such as performance, top-ten holdings and sector and industry weightings, as of August 31, 2010 is available for John Hancock closed-end funds. This information is available on John Hancock Funds' web site at www.jhfunds.com by clicking on "Closed-End Funds" under "Funds & Performance" tab.

John Hancock Patriot Premium Dividend Fund II (NYSE: PDT)

John Hancock Preferred Income Fund (NYSE: HPI)

John Hancock Preferred Income Fund II (NYSE: HPF)

John Hancock Preferred Income Fund III (NYSE: HPS)

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD)

John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY)

John Hancock Investors Trust (NYSE: JHI)

John Hancock Income Securities Trust (NYSE: JHS)

John Hancock Bank and Thrift Opportunity Fund (NYSE: BTO)

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $54.7 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Advisers, LLC

Back to top

RELATED LINKS
http://www.jhfunds.com

John Hancock Retirement Plan Services (RPS) is working to help its partners -- third party administrators (TPAs), financial representatives and registered investment advisors (RIAs) -- understand their responsibilities in the recently-passed DOL disclosure requirements under section 408(b)(2), which are designed to help plan fiduciaries assess the reasonableness of the service provider's contract with the plan and any potential for conflicts of interest.

The regulation, which becomes effective on July 16, 2011, generally requires enhanced fee, compensation, and service and fiduciary disclosures from service providers. To help its partners understand and address these changes, John Hancock RPS has engaged ERISA attorney and industry expert, Fred Reish, to conduct three CE educational webinars -- one tailored to each partner audience.  

"The DOL's intent is to make it easier for plan fiduciaries to compare and review plan fees and services. How this is achieved by providers will differ, given their distinct roles in the 401(k) industry," said Reish. "My goal for each webinar is to give John Hancock's partners what they need to know to ready their respective businesses."

The webcasts are the latest educational tools among John Hancock RPS's resources for intermediaries and plan sponsors. Others include a newsletter, Regulatory Update, that keeps financial representatives and TPAs informed of regulatory change and a dedicated legislative and regulatory information section on John Hancock partner and plan sponsor websites.

To further support its partners, John Hancock also commissioned Fred Reish to draft three sample service agreements and disclosure materials reflecting changes under the regulation -- one for TPAs, Broker/Dealer firms and independent insurance advisors.

"Compliance with DOL disclosure requirements under 408(b)(2) will be dependent on the industry learning about and preparing for the changes," continued Reish. "The 408(b)(2) disclosure documents provide substantial support to John Hancock RPS's partners."

"We've long considered education on matters critical to the industry a part of what we offer as a provider," said Ed Eng, Senior Vice President, Product Development, John Hancock RPS. "The DOL disclosure requirements are important to all parts of our industry and we're pleased that Fred Reish will share his considerable insight and recommendations during our webcasts."

Financial representatives, TPAs or RIAs interested in more information on the webcasts can contact the John Hancock Retirement Plan Services Sales Desk at 1-877-346-8378.

About John Hancock Retirement Plan Services

John Hancock Retirement Plan Services is one of the largest providers of 401(k) plans across all plan sizes among banks, mutual funds and insurers, according to CFO Magazine. (CFO Magazine 2010 401(k) Providers Survey, for year-end 2009. Published in May 2010).

About John Hancock Financial and Manulife Financial

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. For more than 120 years, clients have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) as at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

John Hancock Retirement Plan Services and Fred Reish are not affiliated and neither are responsible for the liabilities of the other. Both John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York do business under certain instances under the John Hancock Retirement Plan Services name.

Both John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York do business under certain instances using the John Hancock Retirement Plan Services name. Group annuity contracts and recordkeeping agreements are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02210 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.  Product features and availability may differ by state.

NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT INSURED BY ANY GOVERNMENT AGENCY

SOURCE John Hancock Retirement Plan Services

Back to top

RELATED LINKS
http://www.johnhancock.com

Aberdeen Chile Fund, Inc. (the "Fund") (NYSE Amex: CH), a closed-end equity fund, announced today its performance data and portfolio composition as of July 31, 2010.

The Fund's total returns for various periods through July 31, 2010 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):


Period

NAV Total Return %

Market Price Total Return %


Cumulative

Annualized

Cumulative

Annualized

Since inception
(September 1989)

2,077.9

15.9

1,823.0

15.2

10-years

316.3

15.3

455.6

18.7

5-years

101.4

15.0

114.5

16.5

3-years

29.8

9.1

27.9

8.5

1-year

30.7

30.5




On July 31, 2010, the Fund's net assets amounted to US$154.1 million and the Fund's NAV per share was $20.21.

As of July 31, 2010, the portfolio was invested as follows:


Portfolio Composition

Percent of Net Assets

Utilities

24.0

Basic Materials

19.9

Consumer, Cyclical

17.7

Diversified

15.7

Financials

13.8

Consumer, Non-Cyclical

8.3

Cash

0.6




The Fund's ten largest equity holdings as of July 31, 2010, representing 85.9% of net assets, were:


Stock

Percent of Net Assets

Empresas Copec SA

15.7

Empresas CMPC SA

12.7

Empresa Nacional de Electricidad SA

12.6

Banco Santander Chile SA

10.2

Enersis SA

9.1

SACI Falabella

8.1

Lan Airlines SA

6.4

Sociedad Quimica y Minera de Chile SA

4.2

Cia Cervecerias Unidas SA

3.7

Empresa La Polar

3.2




Important Information

Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable.  However, the figures are unaudited and neither the Fund, Aberdeen Asset Management Investment Services Limited (the Investment Adviser), nor any other person guarantees their accuracy.  Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance.  Past performance is not indicative of future results, current performance may be higher or lower.  Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown.  Inception date September 27, 1989.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

SOURCE Aberdeen Chile Fund, Inc.

Back to top
Aberdeen Israel Fund, Inc. (the "Fund") (NYSE AMEX: ISL), a closed-end equity fund, announced today its performance data and portfolio composition as of July 31, 2010.

The Fund's total returns for various periods through July 31, 2010, are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):


Period

NAV Total Return %

Market Price Total Return %


Cumulative

Annualized

Cumulative

Annualized

Since inception
(October 1992)

245.6

7.2

205.9

6.5

10-years

47.7

4.0

67.7

5.3

5-years

52.3

8.8

53.3

8.9

3-years

8.5

2.8

-9.3

-3.2

1-year

10.3

8.0




On July 31, 2010, the Fund's net assets amounted to US$68.0 million and the Fund's NAV per share was $15.91.

As of July 31, 2010, the portfolio was invested as follows:


Portfolio Composition

Percent of Net Assets

Financials

26.4

Consumer, Non-Cyclical

26.0

Basic Materials

14.7

Communications

10.3

Technology

10.1

Other

4.9

Consumer, Cyclical

4.5

Industrials

2.6

Cash

0.5




The Fund's ten largest equity holdings as of July 31, 2010, representing 72.8% of net assets, were:


Stock

Percent of Net Assets

Teva Pharmaceutical Industries Limited

10.3

Check Point Software Technologies

9.7

Israel Chemicals Limited

9.5

Bezeq The Israeli Telecommunication Corporation Limited

8.9

United Mizrahi Bank Limited

8.7

Perrigo Company

7.4

Bank Leumi Le-Israel BM

5.1

Golf and Company Limited

4.5

Super Sol

4.5

Harel Insurance Investments & Financial Services

4.2




Important Information

Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable.  However, the figures are unaudited and neither the Fund, Aberdeen Asset Management Investment Services Limited (the Investment Adviser), nor any other person guarantees their accuracy.  Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance.  Past performance is not indicative of future results, current performance may be higher or lower.  Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown.  Inception date October 29, 1992.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

SOURCE Aberdeen Israel Fund, Inc.

Back to top
Aberdeen Asia-Pacific Income Fund, Inc. (NYSE AMEX: FAX) (the "Fund"), a closed-end bond fund, announced today that it will pay a monthly distribution of US 3.5 cents per share on October 15, 2010 to all shareholders of record as of September 30, 2010 (ex-dividend date September 28, 2010).

The Board's policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. This policy is subject to regular review at the Board's quarterly meetings unless market conditions require an earlier evaluation. The next review is scheduled to take place in December 2010.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $0.42 per share.  The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, November 1, 2009, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed by Aberdeen Asset Management Asia Limited, advised by Aberdeen Asset Management Limited and sub-advised by Aberdeen Asset Management Investment Services Limited. The Fund's shares trade on the NYSE AMEX under the symbol "FAX".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeenfax.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE Aberdeen Asia-Pacific Income Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeenfax.com

Next ETFs LLC, a wholly-owned subsidiary of Next Investments, announced its intention to sponsor a new series of ETFs and filed, through its counsel Katten Muchin Rosenman LLP, an application with the SEC for exemptive relief under the 1940 Act earlier today.  Next ETFs LLC intends that its first fund will be based on the Nikkei 225 Index, the foremost Japanese equity benchmark, comprising 225 liquid stocks in the 1st section of the Tokyo Stock Exchange.  This index has been recognized around the globe as the premier index of Japanese stocks for the last 60 years.

Next Investments, through an arrangement with Mitsubishi UFJ Asset Management Co., Ltd., has been granted an exclusive license to establish the only U.S. Nikkei 225 ETF.  A copy of the application can be found on www.nextinvestments.com.

About Next Investments:

Next Investments is an industry leader in the creation of innovative financial products, specializing in exchange-traded funds (ETFs), exchange-traded products (ETPs), mutual fund development, and associated trading and pricing technologies.  Principals of Next Investments provided the intellectual capital and execution in the development of the first physical U.S. commodity exchange-traded product, SPDR Gold Shares (GLD:NYSE Arca) and developed the world's first family of currency-backed ETFs (www.CurrencyShares.com) in conjunction with Rydex Investments and JP Morgan.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

CONTACT:

Daniel McCabe

info@nextinvestments.com

+1-908-781-0560



SOURCE Next Investments

Back to top

RELATED LINKS
http://www.nextinvestments.com

Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS), a diversified closed-end investment company, today announced the earnings of the Fund for the three and six-month periods ended June 30, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $980,877 ($0.020 per common share).  For the six months ended June 30, 2010, the Fund had net investment income of $1,618,752 ($0.034 per common share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $1,501,213 ($0.031 per common share).  For the six months ended June 30, 2009, the Fund had net investment income of $2,587,972 ($0.054 per common share).  

Net realized and unrealized losses for the three months ended June 30, 2010 were $59,183,123 ($1.234 per common share) and net realized and unrealized losses for the six months ended June 30, 2010 were $33,145,011 ($0.694 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $64,586,294 ($1.355 per common share) and net realized and unrealized gains for the six months ended June 30, 2009 were $26,065,482 ($0.550 per common share).

On June 30, 2010, net assets of the Fund were $563,817,979.  The net asset value per common share on June 30, 2010 was $11.66 based on 48,340,447 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $566,261,920.  The net asset value per common share on June 30, 2009 was $11.82 based on 47,921,661 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

EATON VANCE ENHANCED EQUITY INCOME FUND II

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)












Three Months Ended


Six Months Ended



June 30,


June 30,



2010


2009


2010


2009

Gross investment income

$    2,715


$   3,028


$     5,107


$     5,652

Operating expenses

(1,734)


(1,527)


(3,488)


(3,064)


Net investment income

$       981


$   1,501


$     1,619


$     2,588

Net realized and unrealized gains (losses)








 on investments

$ (59,183)


$ 64,586


$ (33,145)


$   26,065


Net increase (decrease) in net assets









 from operations

$ (58,202)


$ 66,087


$ (31,526)


$   28,653










Earnings per Common Share Outstanding








Gross investment income

$    0.056


$   0.063


$     0.106


$     0.118

Operating expenses

(0.036)


(0.032)


(0.072)


(0.064)


Net investment income

$    0.020


$   0.031


$     0.034


$     0.054

Net realized and unrealized gains (losses)








 on investments

$   (1.234)


$   1.355


$   (0.694)


$     0.550


Net increase (decrease) in net assets









 from operations

$   (1.214)


$   1.386


$   (0.660)


$     0.604



















Net Asset Value at June 30 (Common Shares)









Net assets  





$ 563,818


$ 566,262


Shares outstanding





48,340


47,922


Net asset value per share outstanding





$     11.66


$     11.82










Market Value Summary (Common Shares)









Market price on NYSE at June 30





$     12.02


$     12.29


High market price (period ended June 30)





$     14.67


$     12.32


Low market price (period ended June 30)





$     11.72


$       7.59



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Senior Income Trust (NYSE: EVF), a closed-end management investment company, today declared a monthly distribution of $0.036 per common share. As portfolio and market conditions change, the rate of future distributions may change. The distribution is expected to be paid on September 17, 2010, to shareholders of record on September 10, 2010.  The ex-dividend date is September 8, 2010.

At this time the Fund believes that a portion of the September distribution may be comprised of amounts from sources other than net investment income.  If that is the case, you will be notified in writing.  Further information will be available prior to the payment date at   http://individuals.eatonvance.com.  The final determination of tax characteristics of the Fund's distributions will occur after the end of the year, at which time it will be reported to the shareholders.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance California Municipal Bond Fund II (NYSE Amex: EIA) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and nine-month periods ended June 30, 2010.  The Fund's fiscal year ends on September 30, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $867,848 ($0.224 per common share).  From this amount, the Fund paid dividends on preferred shares of $28,215 (equal to $0.007 for each common share), resulting in net investment income after the preferred dividends of $839,633, or $0.217 per common share. The Fund's net investment income for the nine months ended June 30, 2010 was $2,638,972 ($0.682 per common share, before deduction of the preferred share dividends totaling $0.020 per common share), resulting in net investment income after the preferred dividends of $0.662 per common share. In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $853,763 ($0.220 per common share).  From this amount, the Fund paid dividends on preferred shares of $39,349 (equal to $0.010 for each common share), resulting in net investment income after the preferred dividends of $814,414, or $0.210 per common share. The Fund's net investment income for the nine months ended June 30, 2009 was $2,525,127 ($0.653 per common share, before deduction of the preferred share dividends totaling $0.076 per common share), resulting in net investment income after the preferred dividends of $0.577 per common share.

Net realized and unrealized losses for the three months ended June 30, 2010 were $321,051 ($0.089 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2010 were $4,517,683 ($1.167 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $2,092,066 ($0.537 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2009 were $2,285,261 ($0.591 per common share).

On June 30, 2010, net assets of the Fund applicable to common shares were $45,683,248.  The net asset value per common share on June 30, 2010 was $11.79 based on 3,873,114 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund applicable to common shares were $41,542,716.  The net asset value per common share on June 30, 2009 was $10.74 based on 3,866,749 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010 offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

EATON VANCE CALIFORNIA MUNICIPAL BOND FUND II

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)












Three Months Ended


Six Months Ended



June 30,


June 30,



2010


2009


2010


2009

Net investment income

$    868


$    854


$  2,639


$  2,525

Net realized and unrealized gains (losses)








 on investments

(321)


2,092


(4,518)


(2,285)

Preferred dividends paid from net investment income

(28)


(39)


(77)


(295)


Net increase (decrease) in net assets









 from operations

$    519


$ 2,907


$ (1,956)


$      (55)










Earnings per Common Share Outstanding








Net investment income

$ 0.224


$ 0.220


$  0.682


$  0.653

Net realized and unrealized gains (losses)








 on investments

(0.089)


0.537


(1.167)


(0.591)

Preferred dividends paid from net investment income

(0.007)


(0.010)


(0.020)


(0.076)


Net increase (decrease) in net assets









 from operations

$ 0.128


$ 0.747


$ (0.505)


$ (0.014)










Net investment income

$ 0.224


$ 0.220


$  0.682


$  0.653

Preferred dividends paid from net investment income

(0.007)


(0.010)


(0.020)


(0.076)

Net investment income after preferred dividends

$ 0.217


$ 0.210


$  0.662


$  0.577










Net Asset Value at June 30 (Common Shares)









Net assets





$45,683


$41,543


Shares outstanding





3,873


3,867


Net asset value per share outstanding





$11.79


$10.74










Market Value Summary (Common Shares)









Market price on NYSE Amex at June 30





$12.58


$10.74


High market price (period ended June 30)





$12.96


$12.62


Low market price (period ended June 30)





$11.12


$6.50



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Although the U.S. economy is still vulnerable, a "double-dip" recession is unlikely with slow-to-moderate growth continuing this year and gradually accelerating in 2011, according to a U.S. economic forecast released by George Mokrzan, senior economist for Huntington Bank (Nasdaq: HBAN; www.huntington.com).

"The economy is especially vulnerable when it comes to additional negative economic shocks, whether they come from credit markets, the geo-political environment, the policy environment or other unforeseeable areas," Mokrzan said.  

Mokrzan sees the probability of a double-dip recession at 26 percent this year.

Following are highlights from the forecast:

  • Good News for U.S. Businesses: Corporate profits are close to achieving a new U.S. record high, with strong growth in both manufacturing and non-manufacturing sectors, Mokrzan said. He added that info-tech spending in information processing equipment and software is 63 percent higher than it was at the peak of the technology boom in 2000. In addition, confidence has increased due to recent credit market improvements coming from proactive policies in Europe aimed at reducing sovereign debt risks.   Exports are also on the rise. "Exports hold the greatest potential for economic growth and opportunity in the U.S. in the next decade, especially as wage levels rise in emerging markets," Mokrzan said.

  • Consumer Spending Still Sluggish:  Although housing prices are improving and interest rates remain low, consumer spending remains sluggish because of a weak labor market and concerns about an increasingly glum U.S. government debt outlook, Mokrzan said. He added that tax cuts would help spark spending, but are challenging to implement due to the high level of government debt. "Consumers are concerned about national spending and debt as well as personal spending and debt. Ultimately, they will have to pay for both," Mokrzan said.  

  • Deflation Not Likely:  Although there is some risk of deflation, mainly from slowing money supply growth, it is not likely, Mokrzan said.  He added that since the Federal Reserve knows how detrimental deflation would be, they already have tools in place to 'inflate' the economy as needed.

Visit HuntingtonFunds.com for the full forecast.  It includes detailed information on key economic indicators and factors that may affect economic growth.

About George Mokrzan

For more than a decade, George Mokrzan has provided economic analysis and forecasting for Huntington Bancshares Incorporated. He has accurately forecasted many upturns and downturns in the economy since the late 1990s, including the current recovery. As far back as late 2005 and early 2006, he was one of the few economists who accurately predicted the national housing correction, and the cyclical slowdown in the economy that it fostered.

Mokrzan earned his doctorate in macroeconomics, international economics and econometrics from Duke University in 1990.  He earned a master's degree in economics from Duke University and a bachelor's degree in economics from the University of Rochester.

About Huntington

Huntington Bancshares Incorporated is a $52 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has been providing a full range of financial services including checking, loans, savings, insurance and investment services to customers for 144 years. Huntington has more than 600 banking offices. Huntington also offers retail and commercial financial services online at huntington.com; through its telephone bank; and through its network of over 1,300 ATMs.

The logo mark and Huntington® are federally registered service marks of Huntington Bancshares Incorporated.  

SOURCE Huntington Bancshares Incorporated

Back to top

RELATED LINKS
http://www.huntington.com

John Hancock Advisers, LLC announced today that on August 30, 2010, a shareholder derivative complaint was filed in the Superior Court of The Commonwealth of Massachusetts, Suffolk County, with respect to John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD), a leveraged John Hancock closed-end fund.  The complaint is substantially similar to the one that was filed by the same law firm with respect to John Hancock Preferred Income Fund III (NYSE: HPS) on August 24, 2010, and was filed against John Hancock Advisers, LLC, HTD's adviser ("JHA"), JHA's parent company Manulife Financial Corporation, and certain of the Trustees, executive officers and portfolio managers of HTD in connection with the redemption of auction preferred shares of HTD ("APS").  The complaint alleges, among other things, that the named defendants breached their fiduciary duties to HTD and its common shareholders by redeeming APS at their liquidation preference and alleges that such redemptions caused losses to HTD and its common shareholders.  The plaintiffs are seeking monetary damages for the alleged losses and certain other relief.

As previously announced, John Hancock Patriot Premium Dividend Fund II (NYSE: PDT), another leveraged John Hancock closed-end fund, received a demand letter from the same law firm that filed the complaints with respect to HTD and HPS on behalf of a putative common shareholder of PDT.  That demand letter similarly alleged that JHA and certain of the Trustees, executive officers and portfolio managers of PDT breached their fiduciary duties to PDT by redeeming Dutch Auction Rate Transferable Securities Preferred Stock at their liquidation preference and demands that the Board of Trustees take action to remedy those alleged breaches.  No shareholder derivative complaint has been filed with respect to PDT at this time.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $54.7 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Advisers, LLC

Back to top

RELATED LINKS
http://www.johnhancock.com

See more news releases in: Banking & Financial Services, Mutual Funds

 

ITG Announces Grant of its 17th U.S. Patent

 

NEW YORK, Aug. 31 /PRNewswire-FirstCall/ -- Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker and financial technology firm, today announced that the United States Patent and Trademark Office has awarded ITG its 17th U.S. patent.  The patent, entitled "Method and System for Providing Aggregation of Trading on Multiple Alternative Trading Systems",  relates principally to ITG's proprietary dark aggregation technology.  

"The granting of this new patent expands ITG's robust portfolio of intellectual property spanning the entire investment continuum," said ITG's CEO and President, Bob Gasser.  "Our best-in-class content and technology are recognized throughout the institutional investment community and our growing stable of patents demonstrates the unique and proprietary nature of our offerings."

Also today, ITG announced that it has brought suit against Liquidnet Holdings, Inc. in the United States District Court for the Southern District of New York alleging infringement of the newly issued patent and a related patent.  

About ITG

Investment Technology Group, Inc., is an independent agency broker and financial technology firm that partners with asset managers globally to improve performance throughout the investment process. A leader in electronic trading since launching the POSIT® crossing network in 1987, ITG takes a consultative approach in delivering the highest quality institutional liquidity and market-leading execution services, measurement tools, and proprietary data. Asset managers rely on ITG's independence, experience, and intellectual capital to help mitigate risk, improve performance, and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe, and the Asia Pacific region. For more information on ITG, please visit www.itg.com.

ITG Contact:

J.T. Farley

(212) -444-6259

SOURCE Investment Technology Group, Inc.

Back to top

RELATED LINKS
http://www.itg.com

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB), a closed-end management investment company, today announced the earnings of the Fund for the three and the six months ended June 30, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $977,480 ($0.039 per share). For the six months ended June 30, 2010, the Fund had net investment income of $2,102,506 ($0.085 per share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $1,308,128 ($0.053 per share). For the six months ended June 30, 2009, the Fund had net investment income of $2,983,721 ($0.121 per share).  

Net realized and unrealized losses for the three months ended June 30, 2010 were $34,432,209 ($1.403 per share).  Net realized and unrealized losses for the six months ended June 30, 2010 were $28,412,021 ($1.155 per share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $40,997,913 ($1.666 per share).  Net realized and unrealized gains for the six months ended June 30, 2009 were $26,561,895 ($1.079 per share).

On June 30, 2010, net assets of the Fund were $335,309,559.  The net asset value per share on June 30, 2010 was $13.62 based on 24,617,749 shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $343,033,197.  The net asset value per share on June 30, 2009 was $13.95 based on 24,581,806 shares outstanding.  

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.


EATON VANCE TAX-MANAGED BUY-WRITE INCOME FUND


SUMMARY OF RESULTS OF OPERATIONS


(in thousands, except per share amounts)




















 Three Months Ended 


 Six Months Ended 







June 30,  


 June 30,  







2010


2009


2010


2009

Gross investment income





$    2,002


$   2,281


$     4,150


$     4,830

Operating expenses





(1,025)


(973)


(2,048)


(1,846)


Net investment income




$       977


$   1,308


$     2,102


$     2,984

Net realized and unrealized gains (losses)











 on investments





$ (34,432)


$ 40,998


$ (28,412)


$   26,562


Net increase (decrease) in net assets











 from operations




$ (33,455)


$ 42,306


$ (26,310)


$   29,546














Earnings per Share Outstanding












Gross investment income





$    0.082


$   0.092


$     0.169


$     0.196

Operating expenses





(0.043)


(0.039)


(0.084)


(0.075)


Net investment income




$    0.039


$   0.053


$     0.085


$     0.121

Net realized and unrealized gains (losses)











 on investments





$   (1.403)


$   1.666


$   (1.155)


$     1.079


Net increase (decrease) in net assets











 from operations




$   (1.364)


$   1.719


$   (1.070)


$     1.200



























Net Asset Value at June 30













Net assets









$ 335,310


$ 343,033


Shares outstanding








24,618


24,582


Net asset value per share outstanding







$     13.62


$     13.95














Market Value Summary













Market price on NYSE at June 30







$     15.24


$     14.04


High market price (period ended June 30)







$     17.26


$     14.18


Low market price (period ended June 30)







$     13.55


$       9.08



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW), a closed-end management investment company, today announced the earnings of the Fund for the three and the six months ended June 30, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $7,179,185 ($0.067 per share). For the six months ended June 30, 2010, the Fund had net investment income of $10,937,084 ($0.102 per share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $10,323,175 ($0.097 per share). For the six months ended June 30, 2009, the Fund had net investment income of $15,489,499 ($0.146 per share).  

Net realized and unrealized losses for the three months ended June 30, 2010 were $163,029,655 ($1.526 per share).  Net realized and unrealized losses for the six months ended June 30, 2010 were $172,211,002 ($1.612 per share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $175,156,968 ($1.648 per share).  Net realized and unrealized gains for the six months ended June 30, 2009 were $94,932,057 ($0.894 per share).

On June 30, 2010, net assets of the Fund were $1,236,306,330.  The net asset value per share on June 30, 2010 was $11.55 based on 107,008,869 shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $1,338,731,722.  The net asset value per share on June 30, 2009 was $12.59 based on 106,308,067 shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.


EATON VANCE TAX-MANAGED GLOBAL BUY-WRITE OPPORTUNITIES FUND


SUMMARY OF RESULTS OF OPERATIONS


(in thousands, except per share amounts)












Three Months Ended


Six Months Ended



June 30,


June 30,



2010


2009


2010


2009

Gross investment income

$    10,935


$   13,791


$      18,582


$      22,324

Operating expenses

(3,756)


(3,468)


(7,645)


(6,835)


Net investment income

$      7,179


$   10,323


$      10,937


$      15,489

Net realized and unrealized gains (losses)








 on investments

$ (163,030)


$ 175,157


$  (172,211)


$      94,932


Net increase (decrease) in net assets









 from operations

$ (155,851)


$ 185,480


$  (161,274)


$    110,421










Earnings per Share Outstanding








Gross investment income

$      0.102


$     0.129


$        0.174


$        0.210

Operating expenses

(0.035)


(0.032)


(0.072)


(0.064)


Net investment income

$      0.067


$     0.097


$        0.102


$        0.146

Net realized and unrealized gains (losses)








 on investments

$     (1.526)


$     1.648


$      (1.612)


$        0.894


Net increase (decrease) in net assets









 from operations

$     (1.459)


$     1.745


$      (1.510)


$        1.040



















Net Asset Value at June 30









Net assets  





$ 1,236,306


$ 1,338,732


Shares outstanding





107,009


106,308


Net asset value per share outstanding





$        11.55


$        12.59










Market Value Summary









Market price on NYSE at June 30





$        11.21


$        11.97


High market price (period ended June 30)





$        14.18


$        12.35


Low market price (period ended June 30)





$        11.21


$          7.84



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Aberdeen Chile Fund, Inc. (NYSE Amex: CH) (the "Fund"), a closed-end equity fund, announced today that it will pay a quarterly distribution of US 46 cents per share on October 8, 2010 to all shareholders of record as of September 14, 2010 (ex-dividend date September 10, 2010).

The Fund has a managed distribution policy of paying quarterly distributions at an annual rate, set once a year, that is a percentage of the average of the Fund's prior four calendar quarter end net asset values.  The Board of Directors determined that the rolling distribution rate shall be 10% for the 12 months commencing with the distribution payable in October 2010.  This policy will be subject to regular review by the Fund's Board of Directors.  The distributions will be made from current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $1.56 per share.  The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, January 1, 2010, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed and advised by Aberdeen Asset Management Investment Services Limited. The Fund's shares trade on the NYSE AMEX under the symbol "CH".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeench.com

SOURCE Aberdeen Chile Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeench.com

John Hancock Advisers, LLC announced today that on August 30, 2010, a shareholder derivative complaint was filed in the Superior Court of The Commonwealth of Massachusetts, Suffolk County, with respect to John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD), a leveraged John Hancock closed-end fund.  The complaint is substantially similar to the one that was filed by the same law firm with respect to John Hancock Preferred Income Fund III (NYSE: HPS) on August 24, 2010, and was filed against John Hancock Advisers, LLC, HTD's adviser ("JHA"), JHA's parent company Manulife Financial Corporation, and certain of the Trustees, executive officers and portfolio managers of HTD in connection with the redemption of auction preferred shares of HTD ("APS").  The complaint alleges, among other things, that the named defendants breached their fiduciary duties to HTD and its common shareholders by redeeming APS at their liquidation preference and alleges that such redemptions caused losses to HTD and its common shareholders.  The plaintiffs are seeking monetary damages for the alleged losses and certain other relief.

As previously announced, John Hancock Patriot Premium Dividend Fund II (NYSE: PDT), another leveraged John Hancock closed-end fund, received a demand letter from the same law firm that filed the complaints with respect to HTD and HPS on behalf of a putative common shareholder of PDT.  That demand letter similarly alleged that JHA and certain of the Trustees, executive officers and portfolio managers of PDT breached their fiduciary duties to PDT by redeeming Dutch Auction Rate Transferable Securities Preferred Stock at their liquidation preference and demands that the Board of Trustees take action to remedy those alleged breaches.  No shareholder derivative complaint has been filed with respect to PDT at this time.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $54.7 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Advisers, LLC

Back to top

RELATED LINKS
http://www.johnhancock.com

American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, is pleased to announce the addition of a new mutual fund, American Beacon Evercore Small Cap Equity Fund (Ticker: ABEIX), to its established family of low-cost, mutual funds.

The Fund seeks to achieve long-term capital appreciation. Its sub-advisor, Evercore Asset Management, LLC ("Evercore"), uses a fundamental, bottom-up investment approach along with proprietary valuation models. Since the firm's founding in 2005, Evercore has focused exclusively on building concentrated portfolios of small- and mid-cap equities. Chris Fasciano, Chief Investment Officer, and Tim Buckley, Senior Portfolio Manager, have primary responsibility for the Fund's day-to-day management.  Mr. Fasciano and Mr. Buckley have a  working relationship that spans more than a decade and both have more than 20 years of investment experience.

"American Beacon is very excited to be able to offer Evercore's specialization in value-oriented investments in small- and mid-cap companies," said Gene L. Needles Jr., President and CEO of American Beacon Advisors. "Coupled with our own deep industry experience and relationships, this partnership reflects our ongoing commitment to providing a wide variety of investment opportunities for the benefit of our clients."

Evercore selects securities of companies with market capitalizations of $3 billion or less, at the time of investment, that it believes are selling at a discount to their underlying value and have the potential to outperform their benchmark. It seeks securities of companies that are at the low end of their historical valuation range, have business catalysts that will cause other investors to recognize the undervaluation and are led by management teams that can execute the company's plans and realize the company's growth.

"Evercore makes high-conviction investments by applying rigorous independent thinking and in-depth research focused strictly on the fundamentals. We are very pleased to provide our approach to identifying inherent value to American Beacon's clients," said Chris Fasciano, Chief Investment Officer for Evercore's Small- and Mid-Cap Core team.

Ordinarily, at least 80% of the American Beacon Evercore Small Cap Equity Fund's net assets are invested in equity securities of small market capitalization U.S. companies.  

To request more information, please contact Amiee Watts at 973-784-0025 or amiee@jcprinc.com.

About American Beacon Advisors

American Beacon Advisors is an experienced provider of investment advisory services to institutional and retail markets. Since 1986, American Beacon Advisors has offered a variety of products and services including corporate cash management and fixed income separate account management for corporations, institutions as well as state and local government entities.

American Beacon Advisors also manages the American Beacon Funds, a series of mutual funds representing a variety of investment strategies for the equity, fixed income, domestic and international markets. The fund family currently includes several investment options such as equity funds, bond funds and money market funds. American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors as well as retail clients.

You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The Prospectus and Summary Prospectus, contain this and additional information regarding the Fund. To obtain a Prospectus or Summary Prospectus, please contact your Financial Advisor, call 1-800-967-9009 or visit www.americanbeaconfunds.com. The Prospectus and Summary Prospectus, should be read carefully before investing.

Distributed by Foreside Fund Services, LLC. American Beacon Funds is a service mark of American Beacon Advisors, Inc. There is no guarantee that the investment objectives will be met. Investing in the securities of small and mid- capitalization companies involves greater risk and the possibility of greater price volatility than investing in larger capitalization and more established companies.

SOURCE American Beacon Advisors

Back to top

RELATED LINKS
http://www.americanbeaconfunds.com

Next ETFs LLC, a wholly-owned subsidiary of Next Investments, announced its intention to sponsor a new series of ETFs and filed, through its counsel Katten Muchin Rosenman LLP, an application with the SEC for exemptive relief under the 1940 Act earlier today.  Next ETFs LLC intends that its first fund will be based on the Nikkei 225 Index, the foremost Japanese equity benchmark, comprising 225 liquid stocks in the 1st section of the Tokyo Stock Exchange.  This index has been recognized around the globe as the premier index of Japanese stocks for the last 60 years.

Next Investments, through an arrangement with Mitsubishi UFJ Asset Management Co., Ltd., has been granted an exclusive license to establish the only U.S. Nikkei 225 ETF.  A copy of the application can be found on www.nextinvestments.com.

About Next Investments:

Next Investments is an industry leader in the creation of innovative financial products, specializing in exchange-traded funds (ETFs), exchange-traded products (ETPs), mutual fund development, and associated trading and pricing technologies.  Principals of Next Investments provided the intellectual capital and execution in the development of the first physical U.S. commodity exchange-traded product, SPDR Gold Shares (GLD:NYSE Arca) and developed the world's first family of currency-backed ETFs (www.CurrencyShares.com) in conjunction with Rydex Investments and JP Morgan.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

CONTACT:

Daniel McCabe

info@nextinvestments.com

+1-908-781-0560



SOURCE Next Investments

Back to top

RELATED LINKS
http://www.nextinvestments.com

The four John Hancock closed-end funds listed below declared their quarterly distributions today as follows:

Declaration Date:

September 1, 2010

Ex Date:

September 9, 2010

Record Date:

September 13, 2010

Payment Date:

September 30, 2010




Ticker

Fund Name

Amount

Change From
Previous
Quarter

Market Price as
of 08/31/2010

Annualized
Current
Distribution
Rate at Market

HTY

Tax-Advantaged Global Shareholder Yield Fund

$0.3600

-

$12.25

11.76%

JHI

Investors Trust

$0.4985

-$0.0493

$21.40

9.32%

JHS

Income Securities Trust

$0.2916

-$0.0111

$15.06

7.75%

BTO*

Bank and Thrift Opportunity Fund

$0.2231**

-$0.0292

$13.96

6.39%




*Bank and Thrift Opportunity Fund declared its quarterly distribution pursuant to the Fund's managed distribution plan (the "Plan"). Under the Plan, the Fund makes quarterly distributions of an amount equal to 1.25% of the Fund's net asset value ("NAV"), based upon an annual rate of 5% as of each measuring date. The amount of each quarterly distribution is determined based on the NAV of the Fund at the close of the New York Stock Exchange on the last business day of the month ending two months prior to each quarterly declaration date.

Distributions under the Plan may consist of net investment income, net realized long-term capital gains, net realized short-term capital gains and, to the extent necessary, return of capital. However, the Plan intends to fund each distribution, to the extent possible, in a tax-advantaged manner through the realization of long-term capital gains where the distribution amount exceeds net investment income. The Fund will seek to realize capital gains for this purpose in a manner which the Adviser and Subadviser believe is consistent with prudent portfolio management and the investment objective, policies and guidelines of the Fund. The Fund may also make additional distributions (i) for purposes of avoiding federal income tax on the Fund of investment company taxable income and net capital gain, if any, not included in such regular distributions and (ii) for purposes of avoiding federal excise tax of ordinary income and capital gain net income, if any, not included in such regular quarterly distributions.

**This distribution amount is based on the Fund's NAV of $17.85 as of July 30, 2010, the Fund's third quarterly measuring date.

A portion of a Fund's current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a Fund. As required under the Investment Company Act of 1940, a notice with the estimated components of the distribution will be mailed to shareholders at the time of payment if it does not consist solely of net investment income. At this time, one or more of the Funds anticipates that the notice accompanying the current distribution will include an estimate of return of capital. Such notice will also be posted to the Funds' website at www.jhfunds.com. The notice should not be used to prepare tax returns as the estimates indicated in the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal income tax purposes.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $54.7 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

Back to top

RELATED LINKS
http://www.jhfunds.com

Eaton Vance Limited Duration Income Fund (NYSE Amex: EVV), a closed-end management investment company, today declared a monthly distribution of $0.1158 per common share. As portfolio and market conditions change, the rate of future distributions may change. The distribution is expected to be paid on September 17, 2010, to shareholders of record on September 10, 2010.  The ex-dividend date is September 8, 2010.  

At this time the Fund believes that a portion of the September distribution may be comprised of amounts from sources other than net investment income.  If that is the case, you will be notified in writing.  Further information will be available prior to the payment date at   http://individuals.eatonvance.com.  The final determination of tax characteristics of the Fund's distributions will occur after the end of the year, at which time it will be reported to the shareholders.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

The John Hancock Global Opportunities Fund (JGPAX) won the #1 spot among global equities funds as determined by Bloomberg Markets Magazine in its annual rankings, published in the October issue.  With a 30.7 percent total return for the year ending June 30 and a 10.2 percent five-year total return, the Global Opportunities Fund posted the top score of 97.7 in the overall Bloomberg rankings.

MFC Global Investment Management's Christopher H. Arbuthnot, CFA, is the lead portfolio manager for the Fund.

In addition, the John Hancock Strategic Income Fund (JHFIX) placed sixth among top global bond funds, with a score of 73.2 points, in the Bloomberg rankings.  Managed by MFC Global Investment Management (MFC GIM) senior portfolio managers Daniel S. Janis III and Thomas C. Goggins, the fund posted a one-year total return of 19.3 percent, 6.9 percent for three years, and 5.8 percent for five years.

"We're pleased with Bloomberg's recognition of outstanding performance by these MFC Global Investment Management sub-advised funds," said Keith F. Hartstein, President & CEO.  "The Global Opportunities and Strategic Income funds are a reflection of the overall excellence of the John Hancock family of funds today.  Through our partnership with MFC GIM and 11 other world-class sub-advisors, we are committed to providing access to premier institutional investment strategies which will help shareholders meet their investment goals and objectives."

Bloomberg's mutual fund rankings include only active, open-end, U.S.-domiciled funds with more than $250 million in total assets. Excluded in the rankings were institutional-class, index, sector and market-neutral funds. For the global equity and global bond rankings, the universe was limited to funds with at least one-third of their assets invested outside the U.S.  The Bloomberg scoring model included five equally weighted criteria:  total returns for one, three and five years, and Sharpe ratios for three and five years, all as of June 30.  Sharpe ratios were added because they show how well the return of a fund compensates investors for the risk taken.

In addition to the Bloomberg rankings, the Wall Street Journal's monthly Mutual Fund Review for September 2010 ranked John Hancock Global Opportunities as a "Category King," claiming the top spot of the Global Stock category for its year to date return.  The John Hancock High Yield Fund was also a "Category King," ranked among the top High Yield Taxable funds for its year to date performance.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds manages more than $54.6 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.  

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. For more than 120 years, clients have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) as at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial may be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

Back to top

RELATED LINKS
http://www.johnhancock.com

Aberdeen Emerging Markets Telecommunications Fund, Inc. (NYSE AMEX: ETF) (the "Fund") today announced that its Board of Directors (the "Board") has approved changes to certain non-fundamental investment policies of the Fund. As a result of these policy changes, the Fund will emphasize both emerging markets telecommunications and infrastructure equity and debt securities.

In connection with these changes in non-fundamental investment policies, the Fund will change its name to reflect its new portfolio characteristics. The new name of the Fund will be Aberdeen Emerging Markets Telecommunications and Infrastructure Fund, Inc. The Fund will continue to trade on the New York Stock Exchange AMEX under its current ticker symbol and there will be no change in the Fund's cusip number.

The current and amended versions of the Fund's non-fundamental investment policies that are being revised and/or added are as follows:


Current

Amended

Under normal market conditions, at least 80% of the
Fund's net assets, plus any borrowings for investment
purposes,  will be invested in equity securities of emerging
markets telecommunications companies.

Under normal market conditions, at least 80% of the
Fund's net assets, plus any borrowings for investment
purposes, will be invested in equity and debt securities of
emerging markets telecommunications companies and of
infrastructure companies.


--

Under normal market conditions, at least 20% (but not
more than 24.9% at the time of purchase) of the Fund's net
assets will be invested in equity and debt securities of
companies in the infrastructure industry.  




The Fund also has a fundamental investment policy to invest, under normal market conditions, at least 65% of its total assets in equity securities of telecommunications companies in emerging markets.  Such fundamental investment policy is not changing and may only be changed upon shareholder approval.  

Aberdeen Asset Management Investment Services Limited ("AAMISL"), the Fund's investment adviser, and the Board each believe that the changes to the Fund's non-fundamental investment policies are in the best interests of the Fund's shareholders and will permit the Fund to continue to achieve its investment objective. The approved changes will not alter the Fund's investment objective of seeking long-term capital appreciation.

The Fund is required to provide shareholders 60 days' notice of a change to its non-fundamental investment policy of investing in equity securities of emerging markets telecommunications companies. Accordingly, a notice describing the changes discussed above will be mailed to shareholders of record as of September 1, 2010. The notice will also generally describe certain risks relating to the Fund's new investment policies.  Following the prescribed 60-day notice period, Aberdeen anticipates a gradual repositioning of the Fund's portfolio over time, which is expected to result in the realization of gains for tax purposes. At this time, the duration of the repositioning is not determined. No action is required by shareholders of the Fund in connection with these changes.

For more information, please visit Aberdeen's Closed-End Fund Investor Center at http://www.aberdeen-asset.us/cef.  

About Aberdeen

Aberdeen Asset Management PLC, parent of Aberdeen Asset Management Inc., was founded in 1983 via a management buyout and has over $246 billion in assets under management and 1,800 staff, across 31 offices in 24 countries. Aberdeen offers a range of investment vehicles to private and institutional U.S. investors, including mutual funds, closed-end funds and large separate accounts.

AAMISL serves as investment adviser to the Aberdeen Emerging Markets Telecommunications Fund, Inc. AAMISL is a registered investment adviser under the Investment Advisers Act of 1940.

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

SOURCE Aberdeen Emerging Markets Telecommunications Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeen-asset.us

See more news releases in: Banking & Financial Services, Mutual Funds

 

ITG Announces Grant of its 17th U.S. Patent

 

NEW YORK, Aug. 31 /PRNewswire-FirstCall/ -- Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker and financial technology firm, today announced that the United States Patent and Trademark Office has awarded ITG its 17th U.S. patent.  The patent, entitled "Method and System for Providing Aggregation of Trading on Multiple Alternative Trading Systems",  relates principally to ITG's proprietary dark aggregation technology.  

"The granting of this new patent expands ITG's robust portfolio of intellectual property spanning the entire investment continuum," said ITG's CEO and President, Bob Gasser.  "Our best-in-class content and technology are recognized throughout the institutional investment community and our growing stable of patents demonstrates the unique and proprietary nature of our offerings."

Also today, ITG announced that it has brought suit against Liquidnet Holdings, Inc. in the United States District Court for the Southern District of New York alleging infringement of the newly issued patent and a related patent.  

About ITG

Investment Technology Group, Inc., is an independent agency broker and financial technology firm that partners with asset managers globally to improve performance throughout the investment process. A leader in electronic trading since launching the POSIT® crossing network in 1987, ITG takes a consultative approach in delivering the highest quality institutional liquidity and market-leading execution services, measurement tools, and proprietary data. Asset managers rely on ITG's independence, experience, and intellectual capital to help mitigate risk, improve performance, and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe, and the Asia Pacific region. For more information on ITG, please visit www.itg.com.

ITG Contact:

J.T. Farley

(212) -444-6259

SOURCE Investment Technology Group, Inc.

Back to top

RELATED LINKS
http://www.itg.com

The four John Hancock closed-end funds listed below declared their quarterly distributions today as follows:

Declaration Date:

September 1, 2010

Ex Date:

September 9, 2010

Record Date:

September 13, 2010

Payment Date:

September 30, 2010




Ticker

Fund Name

Amount

Change From
Previous
Quarter

Market Price as
of 08/31/2010

Annualized
Current
Distribution
Rate at Market

HTY

Tax-Advantaged Global Shareholder Yield Fund

$0.3600

-

$12.25

11.76%

JHI

Investors Trust

$0.4985

-$0.0493

$21.40

9.32%

JHS

Income Securities Trust

$0.2916

-$0.0111

$15.06

7.75%

BTO*

Bank and Thrift Opportunity Fund

$0.2231**

-$0.0292

$13.96

6.39%




*Bank and Thrift Opportunity Fund declared its quarterly distribution pursuant to the Fund's managed distribution plan (the "Plan"). Under the Plan, the Fund makes quarterly distributions of an amount equal to 1.25% of the Fund's net asset value ("NAV"), based upon an annual rate of 5% as of each measuring date. The amount of each quarterly distribution is determined based on the NAV of the Fund at the close of the New York Stock Exchange on the last business day of the month ending two months prior to each quarterly declaration date.

Distributions under the Plan may consist of net investment income, net realized long-term capital gains, net realized short-term capital gains and, to the extent necessary, return of capital. However, the Plan intends to fund each distribution, to the extent possible, in a tax-advantaged manner through the realization of long-term capital gains where the distribution amount exceeds net investment income. The Fund will seek to realize capital gains for this purpose in a manner which the Adviser and Subadviser believe is consistent with prudent portfolio management and the investment objective, policies and guidelines of the Fund. The Fund may also make additional distributions (i) for purposes of avoiding federal income tax on the Fund of investment company taxable income and net capital gain, if any, not included in such regular distributions and (ii) for purposes of avoiding federal excise tax of ordinary income and capital gain net income, if any, not included in such regular quarterly distributions.

**This distribution amount is based on the Fund's NAV of $17.85 as of July 30, 2010, the Fund's third quarterly measuring date.

A portion of a Fund's current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a Fund. As required under the Investment Company Act of 1940, a notice with the estimated components of the distribution will be mailed to shareholders at the time of payment if it does not consist solely of net investment income. At this time, one or more of the Funds anticipates that the notice accompanying the current distribution will include an estimate of return of capital. Such notice will also be posted to the Funds' website at www.jhfunds.com. The notice should not be used to prepare tax returns as the estimates indicated in the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal income tax purposes.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $54.7 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

Back to top

RELATED LINKS
http://www.jhfunds.com

Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) today announced important information concerning its distribution declared in August 2010.  This press release is issued as required by the Fund's managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission.  The Board of Trustees has approved the implementation of the Plan to make monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the August distribution.  It is not determinative of the tax character of the Fund's distributions for the 2010 calendar year. Shareholders should note that the Fund's total regular distribution amount is subject to change as a result of market conditions or other factors.

The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations.  The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Distribution Period:  August 2010

Distribution Amount per Common Share:  $0.1164

The following table sets forth an estimate of the sources of the Fund's August distribution and its cumulative distributions paid this fiscal year to date.  Amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Eaton Vance Enhanced Equity Income Fund

Source

Current
Distribution

% of Current
Distribution

Cumulative
Distributions for
the Fiscal Year-
to-Date1

% of the
Cumulative
Distributions for
the Fiscal Year-
to-Date1

Net Investment Income

$0.0086

7.4%

$0.0805

6.0%

Net Realized Short-Term Capital Gains

$0.0000

0.0%

$0.0000

0.0%

Net Realized Long-Term Capital Gains

$0.0000

0.0%

$0.0000

0.0%

Return of Capital or Other Capital Source(s)

$0.1078

92.6%

$1.2617

94.0%

Total per common share

$0.1164

100.0%

$1.3422

100.0%

(1) The Fund's fiscal year is October 1, 2009 to September 30, 2010



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

Set forth in the table below is information relating to the Fund's performance based on its net asset value (NAV) for certain periods.    

Average annual total return at NAV for the 5-year period ended on July 31, 20101

1.81%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 20102

10.89%

Cumulative total return at NAV for the fiscal year through July 31, 20103

4.58%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 20104

9.55%


(1) Average annual total return at NAV represents the simple arithmetic average of the annual NAV total returns of the Fund for the 5-year period ended on July 31, 2010.  

(2) The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of July 31, 2010.

(3) Cumulative total return at NAV is the percentage change in the Fund's NAV for the period from the beginning of its fiscal year to July 31, 2010 including distributions paid and assuming reinvestment of those distributions.

(4) Cumulative fiscal year distribution rate for the period from the beginning of its fiscal year to July 31, 2010 measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of July 31, 2010.



The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Aberdeen Chile Fund, Inc. (NYSE Amex: CH) (the "Fund"), a closed-end equity fund, announced today that it will pay a quarterly distribution of US 46 cents per share on October 8, 2010 to all shareholders of record as of September 14, 2010 (ex-dividend date September 10, 2010).

The Fund has a managed distribution policy of paying quarterly distributions at an annual rate, set once a year, that is a percentage of the average of the Fund's prior four calendar quarter end net asset values.  The Board of Directors determined that the rolling distribution rate shall be 10% for the 12 months commencing with the distribution payable in October 2010.  This policy will be subject to regular review by the Fund's Board of Directors.  The distributions will be made from current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $1.56 per share.  The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, January 1, 2010, will be estimated through the payment date, and announced at the time of payment of the distribution.  

The Fund is managed and advised by Aberdeen Asset Management Investment Services Limited. The Fund's shares trade on the NYSE AMEX under the symbol "CH".

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeench.com

SOURCE Aberdeen Chile Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeench.com

The John Hancock Global Opportunities Fund (JGPAX) won the #1 spot among global equities funds as determined by Bloomberg Markets Magazine in its annual rankings, published in the October issue.  With a 30.7 percent total return for the year ending June 30 and a 10.2 percent five-year total return, the Global Opportunities Fund posted the top score of 97.7 in the overall Bloomberg rankings.

MFC Global Investment Management's Christopher H. Arbuthnot, CFA, is the lead portfolio manager for the Fund.

In addition, the John Hancock Strategic Income Fund (JHFIX) placed sixth among top global bond funds, with a score of 73.2 points, in the Bloomberg rankings.  Managed by MFC Global Investment Management (MFC GIM) senior portfolio managers Daniel S. Janis III and Thomas C. Goggins, the fund posted a one-year total return of 19.3 percent, 6.9 percent for three years, and 5.8 percent for five years.

"We're pleased with Bloomberg's recognition of outstanding performance by these MFC Global Investment Management sub-advised funds," said Keith F. Hartstein, President & CEO.  "The Global Opportunities and Strategic Income funds are a reflection of the overall excellence of the John Hancock family of funds today.  Through our partnership with MFC GIM and 11 other world-class sub-advisors, we are committed to providing access to premier institutional investment strategies which will help shareholders meet their investment goals and objectives."

Bloomberg's mutual fund rankings include only active, open-end, U.S.-domiciled funds with more than $250 million in total assets. Excluded in the rankings were institutional-class, index, sector and market-neutral funds. For the global equity and global bond rankings, the universe was limited to funds with at least one-third of their assets invested outside the U.S.  The Bloomberg scoring model included five equally weighted criteria:  total returns for one, three and five years, and Sharpe ratios for three and five years, all as of June 30.  Sharpe ratios were added because they show how well the return of a fund compensates investors for the risk taken.

In addition to the Bloomberg rankings, the Wall Street Journal's monthly Mutual Fund Review for September 2010 ranked John Hancock Global Opportunities as a "Category King," claiming the top spot of the Global Stock category for its year to date return.  The John Hancock High Yield Fund was also a "Category King," ranked among the top High Yield Taxable funds for its year to date performance.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds manages more than $54.6 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.  

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. For more than 120 years, clients have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) as at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial may be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

Back to top

RELATED LINKS
http://www.johnhancock.com

The five John Hancock closed-end funds listed below declared their monthly distributions today as follows:

Declaration Date:

September 1, 2010

Ex Date:

September 9, 2010

Record Date:

September 13, 2010

Payment Date:

September 30, 2010




Ticker

Fund Name

Amount

Change
From
Previous
Month

Market Price
as of
08/31/2010

Annualized
Current
Distribution
Rate at Market

HPI

Preferred Income Fund

$0.1240

-

$19.99

7.44%

HPF

Preferred Income Fund II

$0.1240

-

$19.81

7.51%

HPS

Preferred Income Fund III

$0.1122

-

$17.30

7.78%

PDT

Patriot Premium Dividend Fund II

$0.0755

-

$11.32

8.00%

HTD

Tax-Advantaged Dividend Income Fund

$0.0910

-

$14.32

7.63%




A portion of a Fund's current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a Fund. As required under the Investment Company Act of 1940, a notice with the estimated components of the distribution will be mailed to shareholders at the time of payment if it does not consist solely of net investment income. Such notice will also be posted to the Funds' website at www.jhfunds.com. The notice should not be used to prepare tax returns as the estimates indicated in the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal income tax purposes.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $54.7 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

Back to top

RELATED LINKS
http://www.jhfunds.com

Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) today announced important information concerning its distribution declared in August 2010.  This press release is issued as required by the Fund's managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission.  The Board of Trustees has approved the implementation of the Plan to make monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the August distribution.  It is not determinative of the tax character of the Fund's distributions for the 2010 calendar year. Shareholders should note that the Fund's total regular distribution amount is subject to change as a result of market conditions or other factors.

The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations.  The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Distribution Period:  August 2010

Distribution Amount per Common Share:  $0.1164

The following table sets forth an estimate of the sources of the Fund's August distribution and its cumulative distributions paid this fiscal year to date.  Amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Eaton Vance Enhanced Equity Income Fund

Source

Current
Distribution

% of Current
Distribution

Cumulative
Distributions for
the Fiscal Year-
to-Date1

% of the
Cumulative
Distributions for
the Fiscal Year-
to-Date1

Net Investment Income

$0.0086

7.4%

$0.0805

6.0%

Net Realized Short-Term Capital Gains

$0.0000

0.0%

$0.0000

0.0%

Net Realized Long-Term Capital Gains

$0.0000

0.0%

$0.0000

0.0%

Return of Capital or Other Capital Source(s)

$0.1078

92.6%

$1.2617

94.0%

Total per common share

$0.1164

100.0%

$1.3422

100.0%

(1) The Fund's fiscal year is October 1, 2009 to September 30, 2010



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

Set forth in the table below is information relating to the Fund's performance based on its net asset value (NAV) for certain periods.    

Average annual total return at NAV for the 5-year period ended on July 31, 20101

1.81%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 20102

10.89%

Cumulative total return at NAV for the fiscal year through July 31, 20103

4.58%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 20104

9.55%


(1) Average annual total return at NAV represents the simple arithmetic average of the annual NAV total returns of the Fund for the 5-year period ended on July 31, 2010.  

(2) The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of July 31, 2010.

(3) Cumulative total return at NAV is the percentage change in the Fund's NAV for the period from the beginning of its fiscal year to July 31, 2010 including distributions paid and assuming reinvestment of those distributions.

(4) Cumulative fiscal year distribution rate for the period from the beginning of its fiscal year to July 31, 2010 measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of July 31, 2010.



The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW), a closed-end management investment company, today announced the earnings of the Fund for the three and the six months ended June 30, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $7,179,185 ($0.067 per share). For the six months ended June 30, 2010, the Fund had net investment income of $10,937,084 ($0.102 per share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $10,323,175 ($0.097 per share). For the six months ended June 30, 2009, the Fund had net investment income of $15,489,499 ($0.146 per share).  

Net realized and unrealized losses for the three months ended June 30, 2010 were $163,029,655 ($1.526 per share).  Net realized and unrealized losses for the six months ended June 30, 2010 were $172,211,002 ($1.612 per share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $175,156,968 ($1.648 per share).  Net realized and unrealized gains for the six months ended June 30, 2009 were $94,932,057 ($0.894 per share).

On June 30, 2010, net assets of the Fund were $1,236,306,330.  The net asset value per share on June 30, 2010 was $11.55 based on 107,008,869 shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $1,338,731,722.  The net asset value per share on June 30, 2009 was $12.59 based on 106,308,067 shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.


EATON VANCE TAX-MANAGED GLOBAL BUY-WRITE OPPORTUNITIES FUND


SUMMARY OF RESULTS OF OPERATIONS


(in thousands, except per share amounts)












Three Months Ended


Six Months Ended



June 30,


June 30,



2010


2009


2010


2009

Gross investment income

$    10,935


$   13,791


$      18,582


$      22,324

Operating expenses

(3,756)


(3,468)


(7,645)


(6,835)


Net investment income

$      7,179


$   10,323


$      10,937


$      15,489

Net realized and unrealized gains (losses)








 on investments

$ (163,030)


$ 175,157


$  (172,211)


$      94,932


Net increase (decrease) in net assets









 from operations

$ (155,851)


$ 185,480


$  (161,274)


$    110,421










Earnings per Share Outstanding








Gross investment income

$      0.102


$     0.129


$        0.174


$        0.210

Operating expenses

(0.035)


(0.032)


(0.072)


(0.064)


Net investment income

$      0.067


$     0.097


$        0.102


$        0.146

Net realized and unrealized gains (losses)








 on investments

$     (1.526)


$     1.648


$      (1.612)


$        0.894


Net increase (decrease) in net assets









 from operations

$     (1.459)


$     1.745


$      (1.510)


$        1.040



















Net Asset Value at June 30









Net assets  





$ 1,236,306


$ 1,338,732


Shares outstanding





107,009


106,308


Net asset value per share outstanding





$        11.55


$        12.59










Market Value Summary









Market price on NYSE at June 30





$        11.21


$        11.97


High market price (period ended June 30)





$        14.18


$        12.35


Low market price (period ended June 30)





$        11.21


$          7.84



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG) today announced important information concerning its distribution declared in August 2010.  This press release is issued as required by the Fund's managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission.  The Board of Trustees has approved the implementation of the Plan to make quarterly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the August distribution.  It is not determinative of the tax character of the Fund's distributions for the 2010 calendar year. Shareholders should note that the Fund's total regular distribution amount is subject to change as a result of market conditions or other factors.

The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations.  The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Distribution Period:  August 2010

Distribution Amount per Common Share:  $0.3825

The following table sets forth an estimate of the sources of the Fund's August distribution and its cumulative distributions paid this fiscal year to date.  Amounts are expressed on a per common share basis and as a percentage of the distribution amount.


Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Source

Current
Distribution

% of Current
Distribution

Cumulative
Distributions for the
Fiscal Year-to-Date1

% of the Cumulative
Distributions for the Fiscal
Year-to-Date1

Net Investment Income

$0.0677

17.7%

$0.2028

12.5%

Net Realized Short-Term Capital Gains

$0.0000

0.0%

$0.0000

0.0%

Net Realized Long-Term Capital Gains

$0.0000

0.0%

$0.0000

0.0%

Return of Capital or Other Capital Source(s)

$0.3148

82.3%

$1.4197

87.5%

Total per common share

$0.3825

100.0%

$1.6225

100.0%

1  The Fund's fiscal year is November 1, 2009 to October 31, 2010



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

Set forth in the table below is information relating to the Fund's performance based on its net asset value (NAV) for certain periods.    


Average annual total return at NAV for the period from inception through July 31, 20101

0.03%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 20102

13.77%

Cumulative total return at NAV for the fiscal year through July 31, 20103

0.37%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 20104

11.16%




1 Average annual total return at NAV represents the simple arithmetic average of the annual NAV total returns of the Fund for the period from inception (2/27/2007) through July 31, 2010.  

2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of July 31, 2010.

3 Cumulative total return at NAV is the percentage change in the Fund's NAV for the period from the beginning of its fiscal year to July 31, 2010 including distributions paid and assuming reinvestment of those distributions.

4 Cumulative fiscal year distribution rate for the period from the beginning of its fiscal year to July 31, 2010 measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of July 31, 2010.



The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment products and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

John Hancock Advisers, LLC announced today that on August 30, 2010, a shareholder derivative complaint was filed in the Superior Court of The Commonwealth of Massachusetts, Suffolk County, with respect to John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD), a leveraged John Hancock closed-end fund.  The complaint is substantially similar to the one that was filed by the same law firm with respect to John Hancock Preferred Income Fund III (NYSE: HPS) on August 24, 2010, and was filed against John Hancock Advisers, LLC, HTD's adviser ("JHA"), JHA's parent company Manulife Financial Corporation, and certain of the Trustees, executive officers and portfolio managers of HTD in connection with the redemption of auction preferred shares of HTD ("APS").  The complaint alleges, among other things, that the named defendants breached their fiduciary duties to HTD and its common shareholders by redeeming APS at their liquidation preference and alleges that such redemptions caused losses to HTD and its common shareholders.  The plaintiffs are seeking monetary damages for the alleged losses and certain other relief.

As previously announced, John Hancock Patriot Premium Dividend Fund II (NYSE: PDT), another leveraged John Hancock closed-end fund, received a demand letter from the same law firm that filed the complaints with respect to HTD and HPS on behalf of a putative common shareholder of PDT.  That demand letter similarly alleged that JHA and certain of the Trustees, executive officers and portfolio managers of PDT breached their fiduciary duties to PDT by redeeming Dutch Auction Rate Transferable Securities Preferred Stock at their liquidation preference and demands that the Board of Trustees take action to remedy those alleged breaches.  No shareholder derivative complaint has been filed with respect to PDT at this time.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $54.7 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Advisers, LLC

Back to top

RELATED LINKS
http://www.johnhancock.com

Aberdeen Emerging Markets Telecommunications Fund, Inc. (NYSE AMEX: ETF) (the "Fund") today announced that its Board of Directors (the "Board") has approved changes to certain non-fundamental investment policies of the Fund. As a result of these policy changes, the Fund will emphasize both emerging markets telecommunications and infrastructure equity and debt securities.

In connection with these changes in non-fundamental investment policies, the Fund will change its name to reflect its new portfolio characteristics. The new name of the Fund will be Aberdeen Emerging Markets Telecommunications and Infrastructure Fund, Inc. The Fund will continue to trade on the New York Stock Exchange AMEX under its current ticker symbol and there will be no change in the Fund's cusip number.

The current and amended versions of the Fund's non-fundamental investment policies that are being revised and/or added are as follows:


Current

Amended

Under normal market conditions, at least 80% of the
Fund's net assets, plus any borrowings for investment
purposes,  will be invested in equity securities of emerging
markets telecommunications companies.

Under normal market conditions, at least 80% of the
Fund's net assets, plus any borrowings for investment
purposes, will be invested in equity and debt securities of
emerging markets telecommunications companies and of
infrastructure companies.


--

Under normal market conditions, at least 20% (but not
more than 24.9% at the time of purchase) of the Fund's net
assets will be invested in equity and debt securities of
companies in the infrastructure industry.  




The Fund also has a fundamental investment policy to invest, under normal market conditions, at least 65% of its total assets in equity securities of telecommunications companies in emerging markets.  Such fundamental investment policy is not changing and may only be changed upon shareholder approval.  

Aberdeen Asset Management Investment Services Limited ("AAMISL"), the Fund's investment adviser, and the Board each believe that the changes to the Fund's non-fundamental investment policies are in the best interests of the Fund's shareholders and will permit the Fund to continue to achieve its investment objective. The approved changes will not alter the Fund's investment objective of seeking long-term capital appreciation.

The Fund is required to provide shareholders 60 days' notice of a change to its non-fundamental investment policy of investing in equity securities of emerging markets telecommunications companies. Accordingly, a notice describing the changes discussed above will be mailed to shareholders of record as of September 1, 2010. The notice will also generally describe certain risks relating to the Fund's new investment policies.  Following the prescribed 60-day notice period, Aberdeen anticipates a gradual repositioning of the Fund's portfolio over time, which is expected to result in the realization of gains for tax purposes. At this time, the duration of the repositioning is not determined. No action is required by shareholders of the Fund in connection with these changes.

For more information, please visit Aberdeen's Closed-End Fund Investor Center at http://www.aberdeen-asset.us/cef.  

About Aberdeen

Aberdeen Asset Management PLC, parent of Aberdeen Asset Management Inc., was founded in 1983 via a management buyout and has over $246 billion in assets under management and 1,800 staff, across 31 offices in 24 countries. Aberdeen offers a range of investment vehicles to private and institutional U.S. investors, including mutual funds, closed-end funds and large separate accounts.

AAMISL serves as investment adviser to the Aberdeen Emerging Markets Telecommunications Fund, Inc. AAMISL is a registered investment adviser under the Investment Advisers Act of 1940.

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

SOURCE Aberdeen Emerging Markets Telecommunications Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeen-asset.us

The four John Hancock closed-end funds listed below declared their quarterly distributions today as follows:

Declaration Date:

September 1, 2010

Ex Date:

September 9, 2010

Record Date:

September 13, 2010

Payment Date:

September 30, 2010




Ticker

Fund Name

Amount

Change From
Previous
Quarter

Market Price as
of 08/31/2010

Annualized
Current
Distribution
Rate at Market

HTY

Tax-Advantaged Global Shareholder Yield Fund

$0.3600

-

$12.25

11.76%

JHI

Investors Trust

$0.4985

-$0.0493

$21.40

9.32%

JHS

Income Securities Trust

$0.2916

-$0.0111

$15.06

7.75%

BTO*

Bank and Thrift Opportunity Fund

$0.2231**

-$0.0292

$13.96

6.39%




*Bank and Thrift Opportunity Fund declared its quarterly distribution pursuant to the Fund's managed distribution plan (the "Plan"). Under the Plan, the Fund makes quarterly distributions of an amount equal to 1.25% of the Fund's net asset value ("NAV"), based upon an annual rate of 5% as of each measuring date. The amount of each quarterly distribution is determined based on the NAV of the Fund at the close of the New York Stock Exchange on the last business day of the month ending two months prior to each quarterly declaration date.

Distributions under the Plan may consist of net investment income, net realized long-term capital gains, net realized short-term capital gains and, to the extent necessary, return of capital. However, the Plan intends to fund each distribution, to the extent possible, in a tax-advantaged manner through the realization of long-term capital gains where the distribution amount exceeds net investment income. The Fund will seek to realize capital gains for this purpose in a manner which the Adviser and Subadviser believe is consistent with prudent portfolio management and the investment objective, policies and guidelines of the Fund. The Fund may also make additional distributions (i) for purposes of avoiding federal income tax on the Fund of investment company taxable income and net capital gain, if any, not included in such regular distributions and (ii) for purposes of avoiding federal excise tax of ordinary income and capital gain net income, if any, not included in such regular quarterly distributions.

**This distribution amount is based on the Fund's NAV of $17.85 as of July 30, 2010, the Fund's third quarterly measuring date.

A portion of a Fund's current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a Fund. As required under the Investment Company Act of 1940, a notice with the estimated components of the distribution will be mailed to shareholders at the time of payment if it does not consist solely of net investment income. At this time, one or more of the Funds anticipates that the notice accompanying the current distribution will include an estimate of return of capital. Such notice will also be posted to the Funds' website at www.jhfunds.com. The notice should not be used to prepare tax returns as the estimates indicated in the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal income tax purposes.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $54.7 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

Back to top

RELATED LINKS
http://www.jhfunds.com

Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) today announced important information concerning its distribution declared in August 2010.  This press release is issued as required by the Fund's managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission.  The Board of Trustees has approved the implementation of the Plan to make monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the August distribution.  It is not determinative of the tax character of the Fund's distributions for the 2010 calendar year. Shareholders should note that the Fund's total regular distribution amount is subject to change as a result of market conditions or other factors.

The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations.  The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Distribution Period:  August 2010

Distribution Amount per Common Share:  $0.1164

The following table sets forth an estimate of the sources of the Fund's August distribution and its cumulative distributions paid this fiscal year to date.  Amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Eaton Vance Enhanced Equity Income Fund

Source

Current
Distribution

% of Current
Distribution

Cumulative
Distributions for
the Fiscal Year-
to-Date1

% of the
Cumulative
Distributions for
the Fiscal Year-
to-Date1

Net Investment Income

$0.0086

7.4%

$0.0805

6.0%

Net Realized Short-Term Capital Gains

$0.0000

0.0%

$0.0000

0.0%

Net Realized Long-Term Capital Gains

$0.0000

0.0%

$0.0000

0.0%

Return of Capital or Other Capital Source(s)

$0.1078

92.6%

$1.2617

94.0%

Total per common share

$0.1164

100.0%

$1.3422

100.0%

(1) The Fund's fiscal year is October 1, 2009 to September 30, 2010



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

Set forth in the table below is information relating to the Fund's performance based on its net asset value (NAV) for certain periods.    

Average annual total return at NAV for the 5-year period ended on July 31, 20101

1.81%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 20102

10.89%

Cumulative total return at NAV for the fiscal year through July 31, 20103

4.58%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 20104

9.55%


(1) Average annual total return at NAV represents the simple arithmetic average of the annual NAV total returns of the Fund for the 5-year period ended on July 31, 2010.  

(2) The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of July 31, 2010.

(3) Cumulative total return at NAV is the percentage change in the Fund's NAV for the period from the beginning of its fiscal year to July 31, 2010 including distributions paid and assuming reinvestment of those distributions.

(4) Cumulative fiscal year distribution rate for the period from the beginning of its fiscal year to July 31, 2010 measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of July 31, 2010.



The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB), a closed-end management investment company, today announced the earnings of the Fund for the three and the six months ended June 30, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $977,480 ($0.039 per share). For the six months ended June 30, 2010, the Fund had net investment income of $2,102,506 ($0.085 per share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $1,308,128 ($0.053 per share). For the six months ended June 30, 2009, the Fund had net investment income of $2,983,721 ($0.121 per share).  

Net realized and unrealized losses for the three months ended June 30, 2010 were $34,432,209 ($1.403 per share).  Net realized and unrealized losses for the six months ended June 30, 2010 were $28,412,021 ($1.155 per share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $40,997,913 ($1.666 per share).  Net realized and unrealized gains for the six months ended June 30, 2009 were $26,561,895 ($1.079 per share).

On June 30, 2010, net assets of the Fund were $335,309,559.  The net asset value per share on June 30, 2010 was $13.62 based on 24,617,749 shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $343,033,197.  The net asset value per share on June 30, 2009 was $13.95 based on 24,581,806 shares outstanding.  

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.


EATON VANCE TAX-MANAGED BUY-WRITE INCOME FUND


SUMMARY OF RESULTS OF OPERATIONS


(in thousands, except per share amounts)




















 Three Months Ended 


 Six Months Ended 







June 30,  


 June 30,  







2010


2009


2010


2009

Gross investment income





$    2,002


$   2,281


$     4,150


$     4,830

Operating expenses





(1,025)


(973)


(2,048)


(1,846)


Net investment income




$       977


$   1,308


$     2,102


$     2,984

Net realized and unrealized gains (losses)











 on investments





$ (34,432)


$ 40,998


$ (28,412)


$   26,562


Net increase (decrease) in net assets











 from operations




$ (33,455)


$ 42,306


$ (26,310)


$   29,546














Earnings per Share Outstanding












Gross investment income





$    0.082


$   0.092


$     0.169


$     0.196

Operating expenses





(0.043)


(0.039)


(0.084)


(0.075)


Net investment income




$    0.039


$   0.053


$     0.085


$     0.121

Net realized and unrealized gains (losses)











 on investments





$   (1.403)


$   1.666


$   (1.155)


$     1.079


Net increase (decrease) in net assets











 from operations




$   (1.364)


$   1.719


$   (1.070)


$     1.200



























Net Asset Value at June 30













Net assets









$ 335,310


$ 343,033


Shares outstanding








24,618


24,582


Net asset value per share outstanding







$     13.62


$     13.95














Market Value Summary













Market price on NYSE at June 30







$     15.24


$     14.04


High market price (period ended June 30)







$     17.26


$     14.18


Low market price (period ended June 30)







$     13.55


$       9.08



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Management, the Boston-based investment adviser, today announced the monthly distributions declared on the common shares of eight of its closed-end municipal bond funds ("Funds"). The record date for the distributions is September 10, 2010, and the payable date is September 17, 2010. The ex-date is September 8, 2010. The distribution per share, closing market price on August 30, 2010 (or last trade price), and annualized market yield for each Fund is as follows:



Distribution

Closing

Annualized

Fund

Per Share

Market Price

Yield

Eaton Vance Municipal Income Trust (NYSE: EVN)

$0.079166

$13.00

7.31%

Eaton Vance California Municipal Income Trust (NYSE Amex: CEV)

$0.073837

$13.40

6.61%

Eaton Vance Massachusetts Municipal Income Trust (NYSE Amex: MMV)

$0.075500

$15.53

5.83%

Eaton Vance Michigan Municipal Income Trust (NYSE Amex: EMI)

$0.071584

$13.15

6.53%

Eaton Vance New Jersey Municipal Income Trust (NYSE Amex: EVJ)

$0.079001

$14.70

6.45%

Eaton Vance New York Municipal Income Trust (NYSE Amex: EVY)

$0.075834

$14.63

6.22%

Eaton Vance Ohio Municipal Income Trust (NYSE Amex: EVO)

$0.074252

$13.97

6.38%

Eaton Vance Pennsylvania Municipal Income Trust (NYSE Amex: EVP)

$0.072250

$14.07

6.16%






The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the Funds' common shares could change.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV), a closed-end management investment company, today announced the earnings of the Fund for the three and the six months ended June 30, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $1,325,132 ($0.020 per share). For the six months ended June 30, 2010, the Fund had net investment income of $2,567,302 ($0.040 per share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $1,942,529 ($0.031 per share). For the six months ended June 30, 2009, the Fund had net investment income of $4,172,617 ($0.066 per share).    

Net realized and unrealized losses for the three months ended June 30, 2010 were $80,516,135 ($1.269 per share).  Net realized and unrealized losses for the six months ended June 30, 2010 were $70,449,374 ($1.110 per share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $110,692,772 ($1.757 per share).  Net realized and unrealized gains for the six months ended June 30, 2009 were $116,205,577 ($1.844 per share).

On June 30, 2010, net assets of the Fund were $805,340,118.  The net asset value per share on June 30, 2010 was $12.64 based on 63,711,335 shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $821,693,488.  The net asset value per share on June 30, 2009 was $13.01 based on 63,173,419 shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

 EATON VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)












Three Months Ended


Six Months Ended



June 30,


June 30,



2010


2009


2010


2009

Gross investment income

$    3,691


$     4,020


$     7,345


$     8,249

Operating expenses

(2,366)


(2,078)


(4,778)


(4,076)


Net investment income

$    1,325


$     1,942


$     2,567


$     4,173

Net realized and unrealized gains (losses)








 on investments

$ (80,516)


$ 110,693


$ (70,449)


$ 116,205


Net increase (decrease) in net assets









 from operations

$ (79,191)


$ 112,635


$ (67,882)


$ 120,378










Earnings per Share Outstanding








Gross investment income

$    0.057


$     0.064


$     0.115


$     0.131

Operating expenses

(0.037)


(0.033)


(0.075)


(0.065)


Net investment income

$    0.020


$     0.031


$     0.040


$     0.066

Net realized and unrealized gains (losses)








 on investments

$   (1.269)


$     1.757


$   (1.110)


$     1.844


Net increase (decrease) in net assets









 from operations

$   (1.249)


$     1.788


$   (1.070)


$     1.910



















Net Asset Value at June 30









Net assets





$ 805,340


$ 821,693


Shares outstanding





63,711


63,173


Net asset value per share outstanding





$     12.64


$     13.01










Market Value Summary









Market price on NYSE at June 30





$     13.06


$     12.67


High market price (period ended June 30)





$     15.00


$     13.50


Low market price (period ended June 30)





$     12.74


$       8.62



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

The John Hancock Global Opportunities Fund (JGPAX) won the #1 spot among global equities funds as determined by Bloomberg Markets Magazine in its annual rankings, published in the October issue.  With a 30.7 percent total return for the year ending June 30 and a 10.2 percent five-year total return, the Global Opportunities Fund posted the top score of 97.7 in the overall Bloomberg rankings.

MFC Global Investment Management's Christopher H. Arbuthnot, CFA, is the lead portfolio manager for the Fund.

In addition, the John Hancock Strategic Income Fund (JHFIX) placed sixth among top global bond funds, with a score of 73.2 points, in the Bloomberg rankings.  Managed by MFC Global Investment Management (MFC GIM) senior portfolio managers Daniel S. Janis III and Thomas C. Goggins, the fund posted a one-year total return of 19.3 percent, 6.9 percent for three years, and 5.8 percent for five years.

"We're pleased with Bloomberg's recognition of outstanding performance by these MFC Global Investment Management sub-advised funds," said Keith F. Hartstein, President & CEO.  "The Global Opportunities and Strategic Income funds are a reflection of the overall excellence of the John Hancock family of funds today.  Through our partnership with MFC GIM and 11 other world-class sub-advisors, we are committed to providing access to premier institutional investment strategies which will help shareholders meet their investment goals and objectives."

Bloomberg's mutual fund rankings include only active, open-end, U.S.-domiciled funds with more than $250 million in total assets. Excluded in the rankings were institutional-class, index, sector and market-neutral funds. For the global equity and global bond rankings, the universe was limited to funds with at least one-third of their assets invested outside the U.S.  The Bloomberg scoring model included five equally weighted criteria:  total returns for one, three and five years, and Sharpe ratios for three and five years, all as of June 30.  Sharpe ratios were added because they show how well the return of a fund compensates investors for the risk taken.

In addition to the Bloomberg rankings, the Wall Street Journal's monthly Mutual Fund Review for September 2010 ranked John Hancock Global Opportunities as a "Category King," claiming the top spot of the Global Stock category for its year to date return.  The John Hancock High Yield Fund was also a "Category King," ranked among the top High Yield Taxable funds for its year to date performance.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds manages more than $54.6 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.  

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. For more than 120 years, clients have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) as at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial may be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

Back to top

RELATED LINKS
http://www.johnhancock.com

American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, is pleased to announce the addition of a new mutual fund, American Beacon Evercore Small Cap Equity Fund (Ticker: ABEIX), to its established family of low-cost, mutual funds.

The Fund seeks to achieve long-term capital appreciation. Its sub-advisor, Evercore Asset Management, LLC ("Evercore"), uses a fundamental, bottom-up investment approach along with proprietary valuation models. Since the firm's founding in 2005, Evercore has focused exclusively on building concentrated portfolios of small- and mid-cap equities. Chris Fasciano, Chief Investment Officer, and Tim Buckley, Senior Portfolio Manager, have primary responsibility for the Fund's day-to-day management.  Mr. Fasciano and Mr. Buckley have a  working relationship that spans more than a decade and both have more than 20 years of investment experience.

"American Beacon is very excited to be able to offer Evercore's specialization in value-oriented investments in small- and mid-cap companies," said Gene L. Needles Jr., President and CEO of American Beacon Advisors. "Coupled with our own deep industry experience and relationships, this partnership reflects our ongoing commitment to providing a wide variety of investment opportunities for the benefit of our clients."

Evercore selects securities of companies with market capitalizations of $3 billion or less, at the time of investment, that it believes are selling at a discount to their underlying value and have the potential to outperform their benchmark. It seeks securities of companies that are at the low end of their historical valuation range, have business catalysts that will cause other investors to recognize the undervaluation and are led by management teams that can execute the company's plans and realize the company's growth.

"Evercore makes high-conviction investments by applying rigorous independent thinking and in-depth research focused strictly on the fundamentals. We are very pleased to provide our approach to identifying inherent value to American Beacon's clients," said Chris Fasciano, Chief Investment Officer for Evercore's Small- and Mid-Cap Core team.

Ordinarily, at least 80% of the American Beacon Evercore Small Cap Equity Fund's net assets are invested in equity securities of small market capitalization U.S. companies.  

To request more information, please contact Amiee Watts at 973-784-0025 or amiee@jcprinc.com.

About American Beacon Advisors

American Beacon Advisors is an experienced provider of investment advisory services to institutional and retail markets. Since 1986, American Beacon Advisors has offered a variety of products and services including corporate cash management and fixed income separate account management for corporations, institutions as well as state and local government entities.

American Beacon Advisors also manages the American Beacon Funds, a series of mutual funds representing a variety of investment strategies for the equity, fixed income, domestic and international markets. The fund family currently includes several investment options such as equity funds, bond funds and money market funds. American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors as well as retail clients.

You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The Prospectus and Summary Prospectus, contain this and additional information regarding the Fund. To obtain a Prospectus or Summary Prospectus, please contact your Financial Advisor, call 1-800-967-9009 or visit www.americanbeaconfunds.com. The Prospectus and Summary Prospectus, should be read carefully before investing.

Distributed by Foreside Fund Services, LLC. American Beacon Funds is a service mark of American Beacon Advisors, Inc. There is no guarantee that the investment objectives will be met. Investing in the securities of small and mid- capitalization companies involves greater risk and the possibility of greater price volatility than investing in larger capitalization and more established companies.

SOURCE American Beacon Advisors

Back to top

RELATED LINKS
http://www.americanbeaconfunds.com

Aberdeen Indonesia Fund, Inc. (NYSE AMEX: IF) (the "Fund"), a closed-end equity fund, announced today that it will pay a dividend of US$0.075 per share on October 8, 2010 to all shareholders of record as of September 14, 2010 (ex-dividend date September 10, 2010).  This distribution is comprised of $0.012 per share of net investment income, $0.047 per share of net realized short-term capital gains and $0.016 per share of net realized long-terms capital gains.

In January 2011, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of distributions and provide information with respect to their appropriate tax treatment for the 2010 calendar year.

The Fund is managed and advised by Aberdeen Asset Management Asia Limited. The Fund's shares trade on the NYSE AMEX under the symbol "IF".

If you If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

www.aberdeenif.com

Aberdeen Asset Management Asia Limited is a registered investment adviser under the Investment Advisers Act of 1940.

SOURCE Aberdeen Indonesia Fund, Inc.

Back to top

RELATED LINKS
http://www.aberdeenif.com

Next ETFs LLC, a wholly-owned subsidiary of Next Investments, announced its intention to sponsor a new series of ETFs and filed, through its counsel Katten Muchin Rosenman LLP, an application with the SEC for exemptive relief under the 1940 Act earlier today.  Next ETFs LLC intends that its first fund will be based on the Nikkei 225 Index, the foremost Japanese equity benchmark, comprising 225 liquid stocks in the 1st section of the Tokyo Stock Exchange.  This index has been recognized around the globe as the premier index of Japanese stocks for the last 60 years.

Next Investments, through an arrangement with Mitsubishi UFJ Asset Management Co., Ltd., has been granted an exclusive license to establish the only U.S. Nikkei 225 ETF.  A copy of the application can be found on www.nextinvestments.com.

About Next Investments:

Next Investments is an industry leader in the creation of innovative financial products, specializing in exchange-traded funds (ETFs), exchange-traded products (ETPs), mutual fund development, and associated trading and pricing technologies.  Principals of Next Investments provided the intellectual capital and execution in the development of the first physical U.S. commodity exchange-traded product, SPDR Gold Shares (GLD:NYSE Arca) and developed the world's first family of currency-backed ETFs (www.CurrencyShares.com) in conjunction with Rydex Investments and JP Morgan.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

CONTACT:

Daniel McCabe

info@nextinvestments.com

+1-908-781-0560



SOURCE Next Investments

Back to top

RELATED LINKS
http://www.nextinvestments.com

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW), a closed-end management investment company, today announced the earnings of the Fund for the three and the six months ended June 30, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $7,179,185 ($0.067 per share). For the six months ended June 30, 2010, the Fund had net investment income of $10,937,084 ($0.102 per share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $10,323,175 ($0.097 per share). For the six months ended June 30, 2009, the Fund had net investment income of $15,489,499 ($0.146 per share).  

Net realized and unrealized losses for the three months ended June 30, 2010 were $163,029,655 ($1.526 per share).  Net realized and unrealized losses for the six months ended June 30, 2010 were $172,211,002 ($1.612 per share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $175,156,968 ($1.648 per share).  Net realized and unrealized gains for the six months ended June 30, 2009 were $94,932,057 ($0.894 per share).

On June 30, 2010, net assets of the Fund were $1,236,306,330.  The net asset value per share on June 30, 2010 was $11.55 based on 107,008,869 shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $1,338,731,722.  The net asset value per share on June 30, 2009 was $12.59 based on 106,308,067 shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.


EATON VANCE TAX-MANAGED GLOBAL BUY-WRITE OPPORTUNITIES FUND


SUMMARY OF RESULTS OF OPERATIONS


(in thousands, except per share amounts)












Three Months Ended


Six Months Ended



June 30,


June 30,



2010


2009


2010


2009

Gross investment income

$    10,935


$   13,791


$      18,582


$      22,324

Operating expenses

(3,756)


(3,468)


(7,645)


(6,835)


Net investment income

$      7,179


$   10,323


$      10,937


$      15,489

Net realized and unrealized gains (losses)








 on investments

$ (163,030)


$ 175,157


$  (172,211)


$      94,932


Net increase (decrease) in net assets









 from operations

$ (155,851)


$ 185,480


$  (161,274)


$    110,421










Earnings per Share Outstanding








Gross investment income

$      0.102


$     0.129


$        0.174


$        0.210

Operating expenses

(0.035)


(0.032)


(0.072)


(0.064)


Net investment income

$      0.067


$     0.097


$        0.102


$        0.146

Net realized and unrealized gains (losses)








 on investments

$     (1.526)


$     1.648


$      (1.612)


$        0.894


Net increase (decrease) in net assets









 from operations

$     (1.459)


$     1.745


$      (1.510)


$        1.040



















Net Asset Value at June 30









Net assets  





$ 1,236,306


$ 1,338,732


Shares outstanding





107,009


106,308


Net asset value per share outstanding





$        11.55


$        12.59










Market Value Summary









Market price on NYSE at June 30





$        11.21


$        11.97


High market price (period ended June 30)





$        14.18


$        12.35


Low market price (period ended June 30)





$        11.21


$          7.84



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Mid-America Apartment Communities, Inc. (NYSE: MAA) announced today that it has completed the acquisition of The Venue at Stonebridge Ranch, a high-quality 250-unit apartment community located in the Dallas, Texas MSA.

The Venue at Stonebridge Ranch is located in the largest master planned community in North Texas in the Dallas suburb of McKinney. The community includes a gated entrance, resort-style pool with area WiFi and garages. The apartment homes feature oversized garden bathtubs, walk in showers, walk in closets and double vanity sinks in select units.

MAA acquired the community, which was developed in 2000, with plans to contribute it to Mid-America Multifamily Fund II, LLC, MAA's joint venture with private capital. Commenting on the announcement, Al Campbell, EVP and CFO said, "We are excited to add another community in the McKinney suburb to our Dallas portfolio. We believe this community provides an attractive opportunity for Fund II and allows us to further utilize the combination of the joint venture structure with our operating platform to create value for our shareholders."

The acquisition was funded by borrowings under existing credit facilities and common stock issuances through MAA's at-the-market program.

Mid-America is a self-administered, self-managed apartment-only real estate investment trust which currently owns or has ownership interest in 45,841 apartment units throughout the Sunbelt Region of the U.S. For further details, please refer to our website at www.maac.net or contact Investor Relations at investor.relations@maac.net or by mail at 6584 Poplar Avenue, Memphis, TN  38138.

Certain matters in this press release may constitute forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Such statements include, but are not limited to, statements made about anticipated acquisition performance results. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including a downturn in general economic conditions or the capital markets, competitive factors including overbuilding or other supply/demand imbalances in some or all of our markets, changes in interest rates and other items that are difficult to control, as well as the other general risks inherent in the apartment and real estate businesses. Reference is hereby made to the filings of Mid-America Apartment Communities, Inc., with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K, and its annual report on Form 10-K, particularly including the risk factors contained in the latter filing.

SOURCE Mid-America Apartment Communities, Inc.

Back to top

RELATED LINKS
http://www.maac.net

The John Hancock Global Opportunities Fund (JGPAX) won the #1 spot among global equities funds as determined by Bloomberg Markets Magazine in its annual rankings, published in the October issue.  With a 30.7 percent total return for the year ending June 30 and a 10.2 percent five-year total return, the Global Opportunities Fund posted the top score of 97.7 in the overall Bloomberg rankings.

MFC Global Investment Management's Christopher H. Arbuthnot, CFA, is the lead portfolio manager for the Fund.

In addition, the John Hancock Strategic Income Fund (JHFIX) placed sixth among top global bond funds, with a score of 73.2 points, in the Bloomberg rankings.  Managed by MFC Global Investment Management (MFC GIM) senior portfolio managers Daniel S. Janis III and Thomas C. Goggins, the fund posted a one-year total return of 19.3 percent, 6.9 percent for three years, and 5.8 percent for five years.

"We're pleased with Bloomberg's recognition of outstanding performance by these MFC Global Investment Management sub-advised funds," said Keith F. Hartstein, President & CEO.  "The Global Opportunities and Strategic Income funds are a reflection of the overall excellence of the John Hancock family of funds today.  Through our partnership with MFC GIM and 11 other world-class sub-advisors, we are committed to providing access to premier institutional investment strategies which will help shareholders meet their investment goals and objectives."

Bloomberg's mutual fund rankings include only active, open-end, U.S.-domiciled funds with more than $250 million in total assets. Excluded in the rankings were institutional-class, index, sector and market-neutral funds. For the global equity and global bond rankings, the universe was limited to funds with at least one-third of their assets invested outside the U.S.  The Bloomberg scoring model included five equally weighted criteria:  total returns for one, three and five years, and Sharpe ratios for three and five years, all as of June 30.  Sharpe ratios were added because they show how well the return of a fund compensates investors for the risk taken.

In addition to the Bloomberg rankings, the Wall Street Journal's monthly Mutual Fund Review for September 2010 ranked John Hancock Global Opportunities as a "Category King," claiming the top spot of the Global Stock category for its year to date return.  The John Hancock High Yield Fund was also a "Category King," ranked among the top High Yield Taxable funds for its year to date performance.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds manages more than $54.6 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.  

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. For more than 120 years, clients have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) as at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial may be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

Back to top

RELATED LINKS
http://www.johnhancock.com

The four John Hancock closed-end funds listed below declared their quarterly distributions today as follows:

Declaration Date:

September 1, 2010

Ex Date:

September 9, 2010

Record Date:

September 13, 2010

Payment Date:

September 30, 2010




Ticker

Fund Name

Amount

Change From
Previous
Quarter

Market Price as
of 08/31/2010

Annualized
Current
Distribution
Rate at Market

HTY

Tax-Advantaged Global Shareholder Yield Fund

$0.3600

-

$12.25

11.76%

JHI

Investors Trust

$0.4985

-$0.0493

$21.40

9.32%

JHS

Income Securities Trust

$0.2916

-$0.0111

$15.06

7.75%

BTO*

Bank and Thrift Opportunity Fund

$0.2231**

-$0.0292

$13.96

6.39%




*Bank and Thrift Opportunity Fund declared its quarterly distribution pursuant to the Fund's managed distribution plan (the "Plan"). Under the Plan, the Fund makes quarterly distributions of an amount equal to 1.25% of the Fund's net asset value ("NAV"), based upon an annual rate of 5% as of each measuring date. The amount of each quarterly distribution is determined based on the NAV of the Fund at the close of the New York Stock Exchange on the last business day of the month ending two months prior to each quarterly declaration date.

Distributions under the Plan may consist of net investment income, net realized long-term capital gains, net realized short-term capital gains and, to the extent necessary, return of capital. However, the Plan intends to fund each distribution, to the extent possible, in a tax-advantaged manner through the realization of long-term capital gains where the distribution amount exceeds net investment income. The Fund will seek to realize capital gains for this purpose in a manner which the Adviser and Subadviser believe is consistent with prudent portfolio management and the investment objective, policies and guidelines of the Fund. The Fund may also make additional distributions (i) for purposes of avoiding federal income tax on the Fund of investment company taxable income and net capital gain, if any, not included in such regular distributions and (ii) for purposes of avoiding federal excise tax of ordinary income and capital gain net income, if any, not included in such regular quarterly distributions.

**This distribution amount is based on the Fund's NAV of $17.85 as of July 30, 2010, the Fund's third quarterly measuring date.

A portion of a Fund's current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a Fund. As required under the Investment Company Act of 1940, a notice with the estimated components of the distribution will be mailed to shareholders at the time of payment if it does not consist solely of net investment income. At this time, one or more of the Funds anticipates that the notice accompanying the current distribution will include an estimate of return of capital. Such notice will also be posted to the Funds' website at www.jhfunds.com. The notice should not be used to prepare tax returns as the estimates indicated in the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal income tax purposes.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $54.7 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

Back to top

RELATED LINKS
http://www.jhfunds.com

Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) today announced important information concerning its distribution declared in August 2010.  This press release is issued as required by the Fund's managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission.  The Board of Trustees has approved the implementation of the Plan to make monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the August distribution.  It is not determinative of the tax character of the Fund's distributions for the 2010 calendar year. Shareholders should note that the Fund's total regular distribution amount is subject to change as a result of market conditions or other factors.

The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations.  The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Distribution Period:  August 2010

Distribution Amount per Common Share:  $0.1164

The following table sets forth an estimate of the sources of the Fund's August distribution and its cumulative distributions paid this fiscal year to date.  Amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Eaton Vance Enhanced Equity Income Fund

Source

Current
Distribution

% of Current
Distribution

Cumulative
Distributions for
the Fiscal Year-
to-Date1

% of the
Cumulative
Distributions for
the Fiscal Year-
to-Date1

Net Investment Income

$0.0086

7.4%

$0.0805

6.0%

Net Realized Short-Term Capital Gains

$0.0000

0.0%

$0.0000

0.0%

Net Realized Long-Term Capital Gains

$0.0000

0.0%

$0.0000

0.0%

Return of Capital or Other Capital Source(s)

$0.1078

92.6%

$1.2617

94.0%

Total per common share

$0.1164

100.0%

$1.3422

100.0%

(1) The Fund's fiscal year is October 1, 2009 to September 30, 2010



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

Set forth in the table below is information relating to the Fund's performance based on its net asset value (NAV) for certain periods.    

Average annual total return at NAV for the 5-year period ended on July 31, 20101

1.81%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 20102

10.89%

Cumulative total return at NAV for the fiscal year through July 31, 20103

4.58%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 20104

9.55%


(1) Average annual total return at NAV represents the simple arithmetic average of the annual NAV total returns of the Fund for the 5-year period ended on July 31, 2010.  

(2) The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of July 31, 2010.

(3) Cumulative total return at NAV is the percentage change in the Fund's NAV for the period from the beginning of its fiscal year to July 31, 2010 including distributions paid and assuming reinvestment of those distributions.

(4) Cumulative fiscal year distribution rate for the period from the beginning of its fiscal year to July 31, 2010 measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of July 31, 2010.



The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB), a closed-end management investment company, today announced the earnings of the Fund for the three and the six months ended June 30, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $977,480 ($0.039 per share). For the six months ended June 30, 2010, the Fund had net investment income of $2,102,506 ($0.085 per share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $1,308,128 ($0.053 per share). For the six months ended June 30, 2009, the Fund had net investment income of $2,983,721 ($0.121 per share).  

Net realized and unrealized losses for the three months ended June 30, 2010 were $34,432,209 ($1.403 per share).  Net realized and unrealized losses for the six months ended June 30, 2010 were $28,412,021 ($1.155 per share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $40,997,913 ($1.666 per share).  Net realized and unrealized gains for the six months ended June 30, 2009 were $26,561,895 ($1.079 per share).

On June 30, 2010, net assets of the Fund were $335,309,559.  The net asset value per share on June 30, 2010 was $13.62 based on 24,617,749 shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $343,033,197.  The net asset value per share on June 30, 2009 was $13.95 based on 24,581,806 shares outstanding.  

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.


EATON VANCE TAX-MANAGED BUY-WRITE INCOME FUND


SUMMARY OF RESULTS OF OPERATIONS


(in thousands, except per share amounts)




















 Three Months Ended 


 Six Months Ended 







June 30,  


 June 30,  







2010


2009


2010


2009

Gross investment income





$    2,002


$   2,281


$     4,150


$     4,830

Operating expenses





(1,025)


(973)


(2,048)


(1,846)


Net investment income




$       977


$   1,308


$     2,102


$     2,984

Net realized and unrealized gains (losses)











 on investments





$ (34,432)


$ 40,998


$ (28,412)


$   26,562


Net increase (decrease) in net assets











 from operations




$ (33,455)


$ 42,306


$ (26,310)


$   29,546














Earnings per Share Outstanding












Gross investment income





$    0.082


$   0.092


$     0.169


$     0.196

Operating expenses





(0.043)


(0.039)


(0.084)


(0.075)


Net investment income




$    0.039


$   0.053


$     0.085


$     0.121

Net realized and unrealized gains (losses)











 on investments





$   (1.403)


$   1.666


$   (1.155)


$     1.079


Net increase (decrease) in net assets











 from operations




$   (1.364)


$   1.719


$   (1.070)


$     1.200



























Net Asset Value at June 30













Net assets









$ 335,310


$ 343,033


Shares outstanding








24,618


24,582


Net asset value per share outstanding







$     13.62


$     13.95














Market Value Summary













Market price on NYSE at June 30







$     15.24


$     14.04


High market price (period ended June 30)







$     17.26


$     14.18


Low market price (period ended June 30)







$     13.55


$       9.08



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Limited Duration Income Fund (NYSE Amex: EVV), a closed-end management investment company, today declared a monthly distribution of $0.1158 per common share. As portfolio and market conditions change, the rate of future distributions may change. The distribution is expected to be paid on September 17, 2010, to shareholders of record on September 10, 2010.  The ex-dividend date is September 8, 2010.  

At this time the Fund believes that a portion of the September distribution may be comprised of amounts from sources other than net investment income.  If that is the case, you will be notified in writing.  Further information will be available prior to the payment date at   http://individuals.eatonvance.com.  The final determination of tax characteristics of the Fund's distributions will occur after the end of the year, at which time it will be reported to the shareholders.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW), a closed-end management investment company, today announced the earnings of the Fund for the three and the six months ended June 30, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $7,179,185 ($0.067 per share). For the six months ended June 30, 2010, the Fund had net investment income of $10,937,084 ($0.102 per share).  In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $10,323,175 ($0.097 per share). For the six months ended June 30, 2009, the Fund had net investment income of $15,489,499 ($0.146 per share).  

Net realized and unrealized losses for the three months ended June 30, 2010 were $163,029,655 ($1.526 per share).  Net realized and unrealized losses for the six months ended June 30, 2010 were $172,211,002 ($1.612 per share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $175,156,968 ($1.648 per share).  Net realized and unrealized gains for the six months ended June 30, 2009 were $94,932,057 ($0.894 per share).

On June 30, 2010, net assets of the Fund were $1,236,306,330.  The net asset value per share on June 30, 2010 was $11.55 based on 107,008,869 shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund were $1,338,731,722.  The net asset value per share on June 30, 2009 was $12.59 based on 106,308,067 shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.


EATON VANCE TAX-MANAGED GLOBAL BUY-WRITE OPPORTUNITIES FUND


SUMMARY OF RESULTS OF OPERATIONS


(in thousands, except per share amounts)












Three Months Ended


Six Months Ended



June 30,


June 30,



2010


2009


2010


2009

Gross investment income

$    10,935


$   13,791


$      18,582


$      22,324

Operating expenses

(3,756)


(3,468)


(7,645)


(6,835)


Net investment income

$      7,179


$   10,323


$      10,937


$      15,489

Net realized and unrealized gains (losses)








 on investments

$ (163,030)


$ 175,157


$  (172,211)


$      94,932


Net increase (decrease) in net assets









 from operations

$ (155,851)


$ 185,480


$  (161,274)


$    110,421










Earnings per Share Outstanding








Gross investment income

$      0.102


$     0.129


$        0.174


$        0.210

Operating expenses

(0.035)


(0.032)


(0.072)


(0.064)


Net investment income

$      0.067


$     0.097


$        0.102


$        0.146

Net realized and unrealized gains (losses)








 on investments

$     (1.526)


$     1.648


$      (1.612)


$        0.894


Net increase (decrease) in net assets









 from operations

$     (1.459)


$     1.745


$      (1.510)


$        1.040



















Net Asset Value at June 30









Net assets  





$ 1,236,306


$ 1,338,732


Shares outstanding





107,009


106,308


Net asset value per share outstanding





$        11.55


$        12.59










Market Value Summary









Market price on NYSE at June 30





$        11.21


$        11.97


High market price (period ended June 30)





$        14.18


$        12.35


Low market price (period ended June 30)





$        11.21


$          7.84



SOURCE Eaton Vance Management

Back to top

RELATED LINKS
http://www.eatonvance.com

Huntington Funds announced today that the Huntington Rotating Markets Fund's (HRITX) investment strategy has shifted from the global market segment to large cap, focusing specifically on the U.S. Dow Jones Industrials.

The Rotating Markets Fund rotates investments among four major market segments:  large cap, mid cap, small cap and global.  The fund manager identifies the most promising market sectors, keeping the fund invested in areas that offer the greatest return on investment.

Fund Manager Paul Koscik selected the Dow Jones Industrials because they are typically a more conservative equity investment option. The Industrials are comprised of 30 well known, "blue chip" stocks. With global equity markets experiencing growing volatility in the past few months, the Industrials have become an attractive investment.

"As market instability has increased, investors have been moving away from riskier investments, such as mid- and small-cap stocks, and leaning more toward conservative and less volatile large-cap 'Blue Chip' stocks like those found in the Dow Jones Industrials," Koscik said.  "Investors are keenly aware that the Dow Jones Industrials outperformed not only mid- and small-cap stocks in 2008 but also the S&P 500."

Daniel B. Benhase, Huntington senior executive vice president, added, "Our fund managers at Huntington are very in tune with what's happening in the U.S. financial markets.  This timely switch to large-cap stocks will provide a good opportunity for investors who are looking for both stability and a strong performance."

The Rotating Markets Fund has been focused on the global market segment since April 2009.  This is the fund's sixth rotation since it launched in May 2001.

About Huntington Funds

Huntington Funds are part of Huntington Bancshares, a financial institution with more than a 90-year heritage of managing money. Huntington Asset Advisors, Inc. and its affiliates have been managing money since 1917. As of December 31, 2009, Huntington Asset Advisors and its affiliates manage more than $13 billion for individuals, institutions, endowments, foundations, retirement plans, and municipalities across a six state region. Huntington Asset Advisors is a wholly owned subsidiary of The Huntington National Bank, which is the principal subsidiary of Huntington Bancshares Incorporated, a regional bank holding company headquartered in Columbus, Ohio with $52 billion in assets.

For more information regarding Huntington Funds, please visit the funds' website at huntingtonfunds.com.

About Huntington

Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $52 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has been providing a full range of financial services including checking, loans, savings, insurance and investment services to customers for 144 years. Huntington has more than 600 banking offices. Huntington also offers retail and commercial financial services online at huntington.com; through its telephone bank; and through its network of over 1,300 ATMs.

Small-Cap investing involves greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.

Mid-cap investing involves greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.

Investments in international markets present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxation and differences in auditing and other financial standards. Risks of foreign investing are generally intensified for investments in emerging markets.

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing.  The Fund's prospectus or summary contains this and other information about the Fund, and should be read carefully before investing.  You may obtain a current copy of the Fund's prospectus or summary prospectus by calling 1-800-253-0412 or visiting huntingtonfunds.com.  Past performance is no guarantee of future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN  46208. (Member FINRA)  

The logo mark and Huntington® are federally registered service marks of Huntington Bancshares Incorporated.

SOURCE Huntington Bancshares Incorporated

Back to top

RELATED LINKS
http://www.huntington.com

See more news releases in: Banking & Financial Services, Mutual Funds

 

ITG Announces Grant of its 17th U.S. Patent

 

NEW YORK, Aug. 31 /PRNewswire-FirstCall/ -- Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker and financial technology firm, today announced that the United States Patent and Trademark Office has awarded ITG its 17th U.S. patent.  The patent, entitled "Method and System for Providing Aggregation of Trading on Multiple Alternative Trading Systems",  relates principally to ITG's proprietary dark aggregation technology.  

"The granting of this new patent expands ITG's robust portfolio of intellectual property spanning the entire investment continuum," said ITG's CEO and President, Bob Gasser.  "Our best-in-class content and technology are recognized throughout the institutional investment community and our growing stable of patents demonstrates the unique and proprietary nature of our offerings."

Also today, ITG announced that it has brought suit against Liquidnet Holdings, Inc. in the United States District Court for the Southern District of New York alleging infringement of the newly issued patent and a related patent.  

About ITG

Investment Technology Group, Inc., is an independent agency broker and financial technology firm that partners with asset managers globally to improve performance throughout the investment process. A leader in electronic trading since launching the POSIT® crossing network in 1987, ITG takes a consultative approach in delivering the highest quality institutional liquidity and market-leading execution services, measurement tools, and proprietary data. Asset managers rely on ITG's independence, experience, and intellectual capital to help mitigate risk, improve performance, and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe, and the Asia Pacific region. For more information on ITG, please visit www.itg.com.

ITG Contact:

J.T. Farley

(212) -444-6259

SOURCE Investment Technology Group, Inc.

Back to top

RELATED LINKS
http://www.itg.com

AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of July 31, 2010.

    
    
                         AllianceBernstein Income Fund, Inc. 
    
    Top 10 Fixed Income Holdings
                                                           Portfolio %
    
        1) U.S. Treasury Notes     1.375%, 9/15/12 - 10/15/12    8.59%
        2) U.S. Treasury STRIPS     Zero Coupon, 5/15/17         7.25%
        3) U.S. Treasury Notes     3.625%, 2/15/20               7.18%
        4) U.S. Treasury Notes     1.875%, 6/30/15               6.68%
        5) U.S. Treasury Notes     0.625%, 6/30/12               6.60%
        6) U.S. Treasury Notes     4.50%, 11/15/15 - 2/15/16     5.56%
        7) U.S. Treasury Notes     2.625%, 2/29/16 - 4/30/16     4.82%
        8) U.S. Treasury STRIPS     Zero Coupon, 11/15/21        3.64%
        9) U.S. Treasury Bonds     6.625%, 2/15/27               3.33%
       10) U.S. Treasury Notes     4.25%, 8/15/15                2.86%
    
    Fixed Income Holdings by Security Type
                                              Portfolio %
    Governments - Treasuries
        Treasuries                                 61.25%
    SUBTOTAL                                       61.25%
    Corporates - Investment Grades
        Industrial
            Basic                                   1.27%
            Energy                                  0.64%
            Transportation - Airlines               0.40%
            Capital Goods                           0.24%
            Consumer Cyclical - Automotive          0.23%
            Other Industrial                        0.21%
            Communications - Media                  0.20%
            Communications - Telecommunications     0.14%
            Technology                              0.10%
            Consumer Non-Cyclical                   0.06%
        SUBTOTAL                                    3.49%
        Financial Institutions
            Banking                                 1.78%
            Insurance                               0.55%
            Finance                                 0.46%
            REITS                                   0.16%
            Brokerage                               0.07%
            Other Finance                           0.02%
        SUBTOTAL                                    3.04%
        Non Corporate Sectors
            Agencies - Not Government Guaranteed    1.57%
        SUBTOTAL                                    1.57%
        Utility
            Electric                                0.13%
        SUBTOTAL                                    0.13%
    SUBTOTAL                                        8.23%
    Corporates - Non-Investment Grades
        Industrial
            Basic                                   1.22%
            Communications - Media                  0.76%
            Capital Goods                           0.74%
            Communications - Telecommunications     0.52%
            Consumer Cyclical - Other               0.51%
            Energy                                  0.41%
            Consumer Cyclical - Retailers           0.36%
            Consumer Non-Cyclical                   0.29%
            Consumer Cyclical - Automotive          0.25%
            Services                                0.22%
            Other Industrial                        0.16%
            Consumer Cyclical - Entertainment       0.10%
            Transportation - Services               0.06%
            Technology                              0.02%
            Transportation - Airlines               0.02%
        SUBTOTAL                                    5.64%
        Financial Institutions
            Finance                                 0.46%
            Banking                                 0.43%
            Other Finance                           0.13%
            Brokerage                               0.03%
        SUBTOTAL                                    1.05%
        Utility
            Electric                                0.54%
            Natural Gas                             0.17%
        SUBTOTAL                                    0.71%
    SUBTOTAL                                        7.40%
    Mortgage Pass-Thru's
        Agency Fixed Rate 30-Year                   2.94%
        Agency ARMs                                 2.49%
    SUBTOTAL                                        5.43%
    Commercial Mortgage-Backed Securities
        Non-Agency Fixed Rate CMBS                  4.07%
    SUBTOTAL                                        4.07%
    Inflation-Linked Securities                     2.89%
        Agencies
        Agency Debentures                           2.29%
    SUBTOTAL                                        2.29%
    
    Quasi-Sovereigns 
        Quasi-Sovereign Bonds                       2.17%
    SUBTOTAL                                        2.17%
    Bank Loans
            Industrial
            Communications - Media                  0.23%
            Technology                              0.20%
            Services                                0.17%
            Consumer Cyclical - Other               0.14%
            Consumer Non-Cyclical                   0.12%
            Basic                                   0.11%
            Consumer Cyclical - Retailers           0.10%
            Communications - Telecommunications     0.07%
            Capital Goods                           0.05%
            Consumer Cyclical - Entertainment       0.05%
            Energy                                  0.04%
            Transportation - Airlines               0.03%
            Consumer Cyclical - Automotive          0.01%
            Other Industrial                        0.01%
        SUBTOTAL                                    1.33%
        Financial Institutions
            Finance                                 0.16%
            Other Finance                           0.03%
            Insurance                               0.01%
        SUBTOTAL                                    0.20%
        Utility
            Electric                                0.12%
        SUBTOTAL                                    0.12%
    SUBTOTAL                                        1.65%
    Emerging Markets - Sovereigns                   1.17%
    Emerging Markets - Treasuries                   0.89%
    Governments - Sovereign Bonds                   0.51%
    Emerging Markets - Corporate Bonds
        Industrial
            Consumer Non-Cyclical                   0.12%
            Energy                                  0.11%
            Consumer Cyclical - Other               0.03%
            Basic                                   0.02%
        SUBTOTAL                                    0.28%
        Financial Institutions
            Banking                                 0.15%
            Other Finance                           0.01%
        SUBTOTAL                                    0.16%
    SUBTOTAL                                        0.44%
    Local Governments - Municipal Bonds             0.34%
    Asset-Backed Securities
        Autos - Floating Rate                       0.21%
    SUBTOTAL                                        0.21%
    CMOs
        Non-Agency ARMs                             0.08%
    SUBTOTAL                                        0.08%
    
    Preferred Stocks 
        Financial Institutions                      0.07%
    SUBTOTAL                                        0.07%
    Common Stocks                                   0.03%
    Local Governments - Regional Bonds              0.01%
    Warrants                                        0.01%
    Short-Term Investments
        Investment Companies                        0.86%
    Total Fixed Income                            100.00%
    
    Country Breakdown
                                              Portfolio %
    United States                                  85.99%
    Russia                                          4.03%
    Brazil                                          2.41%
    Colombia                                        1.09%
    Indonesia                                       0.84%
    Germany                                         0.76%
    United Kingdom                                  0.60%
    Kazakhstan                                      0.55%
    Netherlands                                     0.37%
    South Africa                                    0.37%
    Argentina                                       0.35%
    India                                           0.26%
    Canada                                          0.26%
    El Salvador                                     0.22%
    Hong Kong                                       0.21%
    Peru                                            0.20%
    Poland                                          0.18%
    Australia                                       0.18%
    Lithuania                                       0.18%
    Sweden                                          0.16%
    Croatia                                         0.15%
    Ukraine                                         0.13%
    Turkey                                          0.12%
    Luxembourg                                      0.12%
    Barbados                                        0.09%
    China                                           0.08%
    Belgium                                         0.04%
    France                                          0.04%
    Switzerland                                     0.02%
    Total Investments                             100.00%
    
        Credit Quality Breakdown
                                              Portfolio %
            AAA                                    74.29%
            AA                                      0.64%
            A                                       2.47%
            BBB                                    10.73%
            BB                                      6.21%
            B                                       3.33%
            CCC                                     1.20%
            D                                       0.03%
            A-1+                                    0.87%
            N/R                                     0.23%
            Total Investments                     100.00%
    
    Portfolio Statistics:
        Percentage of Leverage:
            Bank Borrowing:                                 0.00%
            Investment Operations:                         44.34%*
            Preferred Stock:                                0.00%
            Tender Option Bonds:                            0.00%
            Term Asset-Backed Loans Facility (TALF):        0.00%
            Total Fund Leverage:                           44.34%
        Average Maturity:                              9.07 Years
        Effective Duration:
            Corporate:                                 5.86 Years
            Non Dollar Government:                     6.21 Years
            Emerging Market:                           5.45 Years
            US Treasury:                               3.20 Years
            High Yield:                                3.64 Years
            Total Portfolio:                           5.43 Years
        Total Net Assets:                                $2,139.9
        Net Asset Value:                                    $8.79
        Number of Holdings:                                   356

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

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

SOURCE AllianceBernstein Income Fund, Inc.

Back to top

RELATED LINKS
http://www.alliancebernstein.com

American Capital Ltd. (Nasdaq: ACAS) announced today that on July 29 its portfolio company Narus was acquired by Boeing.  American Capital received $12 million in proceeds and realized a gain of $3 million during the third quarter from the transaction, subject to post-closing adjustments.  American Capital's compounded annual rate of return earned over the life of its investment was 7%.  The proceeds received by American Capital were less than the second quarter 2010 valuation of the investment by $2 million, or 13%.  Including inve