Marret High Yield Strategies Fund issues update

first_img Faircourt migrates two closed-end funds to NEO Toronto-based Marret Asset Management Inc. said Friday that the Marret High Yield Strategies Fund (TSC:MHY.UN) will not be terminated on May 30, as originally scheduled. The majority of the net assets of the closed-end fund will be distributed to unitholders of record on June 12. Keywords Closed-end fundsCompanies Marret Asset Management Inc. Related news Europe Blue-Chip Dividend & Growth Fund confirms termination date Instead of terminating on May 30, the fund will continue in order to hold two private positions. Marret’s intention is to distribute the net proceeds from the private positions when the holdings are sold and the proceeds are received by the fund. As of April 30, the private positions, which consist of bonds issued by Cline Mining Inc. and Data & Audio-Visual Enterprises Holdings Inc. (Mobilicity), accounted for $1.18 of the fund’s net asset value per unit of $8.75 or 13.5%. Cline holds various mineral assets, including the Elk Coal Mine in Colorado, which has almost 620 million tons of in-place coal. The Cline bonds are secured and represented $0.83 of the fund’s net asset value per unit as at April 30. Mobilicity owns a mobile communications network, including valuable wireless spectrum licences. The fund holds secured and unsecured bonds issued by Mobilicity accounting for $0.29 and $0.06, respectively, of the fund’s net asset value per unit as at April 30. Marret says it intends to publish a net asset value for the units on a weekly basis on its website at www.marret.com and will provide updates on the status of the private positions as warranted. Given that the fund is maintaining its listing on the TSX, the trust units will be considered to be qualifying securities for registered plans. Unitholders who hold their units within a registered plan will not be subject to tax on the distribution. The fund anticipates that the majority of the distributions received by unitholders who do not hold their units within a registered plan will be received as return of capital. The exact treatment will depend on the unitholder’s own circumstances. Unitholders are encouraged to consult with their own tax advisors.center_img Digital Consumer Dividend Fund files IPO IE Staff Facebook LinkedIn Twitter Share this article and your comments with peers on social medialast_img read more

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Ex-PhilRice official pleads guilty to lesser offenses

first_imgSIGN UP TO DAILY NEWSLETTERCLICK HERE TO SIGN-UP The Sandiganbayan Sixth Division has granted the plea bargaining agreement between former Philippine Rice Research Institute (PhilRice) Executive Director Ronilo A. Beronio and the prosecution which allowed him to plead guilty to the lesser offense of breach of conduct instead of graft.MANILA BULLETIN FILE PHOTOBeronio was slapped with three counts of graft alongside former Department of Agriculture (DA) Secretary Arthur Yap, who was also the PhilRice board chairman back then, and eight other PhilRice officials.The charges were made because Beronio and the others reportedly entered into contracts that were grossly disadvantageous to the government. They signed Hold Out Agreements (HOA) with the Philippine National Bank (PNB), wherein PhilRice funds were used as security for the loan obligation of its employees under the PhilRice Car Plan.Beronio himself was one of the beneficiaries of the PhilRice Car Plan.On May 24, 2019, Beronio entered a “Not Guilty” plea to the charges. He subsequently manifested that he would like to plead guilty to three counts of violation of Section 7(a) of R.A. 6713 or the Code of Conduct and Ethical Standards.Both the prosecution and defense then submitted a Joint Motion to Approve Plea Bargaining Agreement on September 25, 2019.The anti-graft court warned Beronio that he may be punished twice for the very same offense should he plead guilty to breach of conduct, so he filed a Waiver of Right Against Double Jeopardy.Because of this, the court granted the Joint Motion and scheduled the re-arraignment of Beronio on October 2.The five-page resolution was signed by Sixth Division Chairperson Sarah Jane Fernandez with the concurrence of Associate Justices Karl Miranda and Kevin Narce Vivero.last_img read more

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Orioles Spring Training Recap 2/24

first_imgThe Baltimore Orioles played two split squad games today. They Lost 9-6 to the Philadelphia Phillies during the day and then tied the Minnesota Twins 1-1. Dylan Bundy got the start in the day game, but things did not go well for Bundy in his first start of the Spring.The Orioles took an early lead in the top of the second inning when Luis Sardinas doubled home Chance Sisco.After escaping a jam for a clean first inning for Bundy, he found himself in another one in the second. With runners on first and third and one out, Roman Quin tied the game up with a chopped  ball to Chris Davis who hesitated looking at home and ended up not having a play anywhere. With the bases loaded and two outs, Bundy gave up a grand slam to Jorge Alfaro to make it 5-1 after two innings.The Oriole got a run back in the top of the third. Cedric Mullins lead off the inning with a walk and then Anthony Santander reached on catcher interference. A balk call then put them on second and third. Chris Davis and Ryan Mountcastle both struck out, but a wild pitch would allow Mullins to score before Chance Sisco eventually struck to end the inning.The Phillies were able to get another run off Andrew Faulkner in the fifth inning when Will Middlebrooks singled home Adam Rosales.The Orioles made it six to three in the seventh inning when Audry Perez singled back up the middle, glancing off the pitcher’s glove, and scoring Cedric Mullins.The Oriole were within one run after the top of the eight inning. T.J. Nichting doubled home Mason McCoy. Santander then singled to bring home Nichting and make it six to five.The Phillies were able to pull away in the bottom of the inning though. Jason Gurka came on to the mound and gave up three runs and making it nine to six going into the ninth.Perez got another RBI and a consolation run in the bottom of the ninth when he homered to left-center field.One other note from this game- Phillies player, Will Middlebrooks, had to be carted off after a collision with a teammate chasing a fly ball.The Orioles then played another game back home in Sarasota against the Minnesota Twins. This game had far less happen then the early game, finishing at a one all tie.Nestor Cortes hung a slider to Kennys Vargas to lead of the second inning with a double. Vargas was able to move up to third on a flyout, and then score on a sac fly the next at bat to give the Twins an early lead.The only other run came when Austin Wynns launched a home run into left-center.Other notes- The Orioles loaded the bases three times in this game, and were not able to score a run each time.Orioles starters have given up at least a run in each game so far.All three home runs this spring training have come from catchers,  Sisco, Perez, and Wynns.Please follow and like us:last_img read more

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Capitals blow away Leafs with offense: Washington beats Toronto 4-3

first_imgWashington, contrary to most games this year, did not take the lead to begin this game, instead falling behind early. An early power play chance for the home team went awry, as a failed neutral-zone entry by Washington led to offense the other way for Toronto. Kasperi Kapanen of the Leafs took advantage of poor execution on the power play entry, scoring a gimme goal that the Capitals power play unit will most certainly want back. Ilya Mikheyev also took advantage of a porous Capitals defense, splitting both defenseman and snapping a shot past Samsonov to make it 2-0. Several things have plagued Washington this year, none more pressing than the inability to hold onto leads. We saw shades of that here today with the late Tavares goal, but overall, I was not disappointed in the result.On the injury front, both Jonas Seigenthaler and Richard Panik left the game following an on-ice collision. Need to hope both these guys are okay, because Seigenthaler has been an anchor on the top defensive pairing and Panik has been very solid on that 3rd line. John Carlson *checks notes* leads the league in points? *refreshes browser* yep, it’s true. Not sure how long that will last, but wow has Carlson been playing some truly impressive hockey so far to start this year. The star of tonight’s game was the guy frustrating all of us last year with his mercurial play. His offseason antics hurt too. But right now, there is a lot of praise to be had for Evgeny Kuznetsov. The player we saw tonight was a buzzsaw, flying up and down the ice with purpose. His defense was as good as his offense. If we can get this guy for the rest of this year (and the rest of his contract), Washington will have no trouble competing. Finally, let’s talk about the young goaltender. Samsonov, minus those first two goals (one of which certainly wasn’t his fault), has been the rock this team needs. The Capitals seem to play better in front of him, and he responds by stopping 94% of the shots he sees. I would like to see him again on Saturday vs. the Rangers. I don’t like talking about trading Holtby, mainly because I think he’s still the number one goalie, but I can see why fans are clamoring for it when Samsonov performs like this. Quick Hits: The second period got off to a much better start. 5 minutes in, Washington evened things up. A beautiful neutral zone entry led to a gorgeous walk-in goal by Evgeny Kuznetsov, who slid the puck past the helpless Michael Hutchison of the Leafs. 11 seconds later, Nicklas Backstrom found some room in the middle of the left circle, rifling a TJ Oshie pass by the outstretched blocker of Hutchison. All of the sudden, it was 3-2 Capitals. The result? A win. It wasn’t pretty. At times it wasn’t fun, but when 60 minutes were up, Washington walked away victorious. A late John Tavares goal with a little over 2 minutes remaining made this game more dramatic than it was. Less than 2 minutes later, Washington doubled their lead. John Carlson, who already had 2 assists on the night, received a wonderful touch pass from Alex Ovechkin. From Ovechkin’s office on the left circle, Carlson hammered home the winning goal to make it 4-2. But wait… Washington would get one back in the closing minutes of the first period. Jakub Vrana, quiet in his last few appearances, blasted home a one-timer off a pass from John Carlson. 2-1 Toronto after the first period. The Washington Capitals beat the Toronto Maple Leafs 4 to 3. After dropping two games in a row, mostly due to shoddy defense and poor goaltending, head coach Todd Reirden made some changes. Star net-minder Braden Holtby out. Insert the young Russian, Ilya Samsonov. The forward groups received similar treatment, with second line winger TJ Oshie replacing Tom Wilson on the top line. Please follow and like us:last_img read more

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Malta 0-2 Spain: Morata rediscovers goalscoring touch in comfortable win

first_imgAlvaro Morata scored twice as Spain beat Malta to make it two wins out of two in qualifying for Euro 2020.  Upd. at 23:49 Morata added his second after the break when he headed home a cross from substitute Jesus Navas to seal the three points. Malta Jordi Gil @jordigil MAL CET Árbitro ESP Incidencias Robert Moreno, Luis Enrique’s No.2, took charge for the night and there were eight changes to the team — just Sergio Ramos, Marco Asensio and Morata kept their places.  0-2 Spain faced a Malta side in a 4-5-1 formation and had to be patient, with Sergi Roberto almost playing as a winger in the end.  Kepa; Sergi Roberto, Sergio Ramos, Mario Hermoso, Gayá; Rodri, Saúl (Gayà, 64′), Canales, Adensio, Morata (Rodrigo, 78′) y Bernat (Muniain, 55′) Bonello; Mbong (R. Muscat,65′), Z. Muscat , Caruana (Micallef, 84′), Borg, Zerafa, Mintoff (Mifsud, 70′), Fenech, Guillaumier, Corbalan, Nkowo IN SPORT.ES Goles Estadio T”Qali, 15.000 espectadores Andrew Dallas (Escocia). TA: Corbalan (71′) Meanwhile, there was a start at right-back for Barcelona’s Sergi Roberto, while Espanyol’s Mario Hermoso came in alongside Ramos at centre-back.  0-1 Morata (30′); 0-2 Morata (72′) Atletico Madrid striker Morata found the net either side of half time as La Roja eased to a 2-0 win in the absence of Luis Enrique.  The former Barcelona coach was missing from the touchline due to a major family issue.  MATCH FACTS Clasificación Eurocopa 2020 Morata recupera el olfato para vencer en Malta España Saul Niguez had a couple of chances but it was Morata who opened the scoring in the 30th minute when he latched on to a long ball from Hermoso.  26/03/2019last_img read more

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Way to go, baby

first_imgAT the tender age of 18 weeks, Pakenham baby Emma Willmott is already rubbing shoulders with some of Australia’s most…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img

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Men’s Basketball: Dec. 21 Scoreboard

first_imgTroy 65, Nicholls 64Coastal Carolina 72, Central Arkansas 55 – Return to Top – The Chanticleers (9-3) dominated the second half, shooting 50 percent from the field and holding the Bears (0-10) to just 30 percent. UCA was just 9 of 30 after shooting 45.8 percent in the first half, good for a 27-26 halftime lead. “I don’t think it was selfish, I just think it was immaturity. Kind of like ‘I’m going to try to get us back in this thing.’ And it doesn’t work that way.’ “But that’s the first time we’ve been up 10. It’s little things, like learning to handle a 10-point lead in the first half. This is unlike anything I’ve gone through before, and in many ways its exciting. And it can also be discouraging at times. But the big thing is, they learn something every time we play.’ – Return to Top – “I think we took some poor shots and really didn’t execute the offense,’ said UCA head coach Russ Pennell. “That was the thing that discouraged me the most. Every time out, we just kept talking about letting the offense dictate where the shots were going to be taken. Then I think when we kind of started losing the lead, every guy individually tried his own thing. Howard went scoreless in the second half but still led the Bears with 15 points. Junior center Jake Zuilhof added 12 points for the Bears. Coastal Carolina had three players in double figures, led by Warren Gillis with 18 points and 10 rebounds, while Badou Diagne added 17 points. The Colonels head into an eight-day Christmas and New Years holiday break before returning to action against Spring Hill on Tuesday, Dec. 30 at 6:30 p.m. in Stopher Gym. Nicholls opened the second half on a 9-2 run, forcing a timeout from Troy Head Coach Phil Cunningham. Out of the timeout the Trojans proceeded to score 13 straight points to pull within one at the twelve-minute mark. With 8:50 remaining in the game, Ja’Dante’ Frye sank a free throw to give the Colonels a four point lead. Troy answered with an 8-0 run to take a 51-47 lead of its own. Nicholls regained the control and went up 56-53 after a T.J. Carpenter layup, but with three-minutes remaining, Musa Abdul-Aleem made a layup to cut the lead to one. The teams traded leads back and forth before Carpenter sank two clutch free throws that put the Colonels ahead 64-63. With nine seconds remaining in the game, Abdul-Aleem drove to the basket and missed two consecutive layups before getting his own rebound and sinking his third attempt as time expired. The second half was a different story as the Chanticleers used scoring runs of 10-0 and 12-0 to put the Bears away. Coastal Carolina’s lead reached double figures at the 8:45 mark. UCA was 1 of 10 from three-point range in the second half, following a 1-for-11 second half performance from beyond the arc in Wednesday’s game at New Mexico.center_img The Bears got 15 points from freshman guard Jordan Howard in the opening 20 minutes and led by as much as 10 points with 4:30 left in the first half. Coastal Carolina scored 11 of the final 13 points of the half to pull within one at the break. The Bears had 8-0 and 10-0 scoring runs in the first half, while the Chanticleers had scoring droughts of 3:45 and 4:25. The Colonels (2-7) fell behind 9-0 early in the ballgame, but answered with a 12-0 run to take the lead and steal the momentum from the Trojans (5-4). The two teams traded buckets before Nicholls went on a 10-2 run over the final three minutes of the half. Amin Torres’ nailed three shots from beyond the arc over that span, punctuated by a three-pointer as the clock expired, giving the Colonels a 32-25, halftime lead. Torres led Nicholls offensively with 16 points off the bench. Sam McBeath paced the squad with six rebounds and Frye finished with a team-high three assists. Liam Thomas led the team with three blocks to go along with eight points. Troy 65, Nicholls 64THIBODAUX, La. – The Nicholls State University men’s basketball team controlled the game for most of the day Sunday, but a last-second buzzer-beating layup allowed Troy University to steal a 65-64 victory in Stopher Gym. Coastal Carolina 72, Central Arkansas 55CONWAY, Ark. – In a game of scoring runs, the Coastal Carolina Chanticleers put together the biggest ones at the most opportune times Sunday afternoon to record a 72-55 victory over the University of Central Arkansas Bears in non-conference action at the Farris Center. UCA takes a holiday break before hosting Morehead State on Monday, Dec. 29 at 7 p.m. at the Farris Center. Abdul-Aleem finished with a double-double to lead the Trojans, scoring 22 points and adding 10 rebounds. Chris Bilbo finished with a team-leading four assists. “We are just so young and have so much to learn,’ said Pennell. “When we went on that run and we’re up 25-15, the team came over and we were celebrating like we won a national championship. And I told them, the emotion of this little run will wear off, and sure enough by half they’re back in it. Nicholls shot 40.7 percent from the floor and 28 percent from three-point range, while surrounding nearly identical statistics of 40.7 percent from the floor and 29.4 percent from beyond the arc. The Colonels downfall may have come at the charity strike as the team connected on just 50 percent (9-18) from the line. Nicholls won the battle of the boards 41-37, but was unable to grab a rebound on the final possession to secure the victory.last_img read more

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Talking points for the weekend’s Scottish football

first_imgA 39-point gap between Rangers and Celtic last season pointed to a huge gulf between the two sides. But the true extent of the task facing Pedro Caixinha was only truly laid bare to the Portuguese manager in April’s 5-1 loss at Ibrox as Brendan Rodgers’ attack exposed a fragile Rangers back line. Since then Caixinha has transformed his squad, adding 11 new faces. While the early signs have been promising, with Graham Dorrans adding quality to a beleaguered midfield and Alfredo Morelos solving a goalscoring crisis, inconsistency still plagues the Light Blues’ displays. Morelos’ goals have added potency but the focus on attack continues to stretch the back four, and the news that experienced centre-half Bruno Alves is to miss Saturday’s derby means the spotlight will shine even brighter on the defence.Nineteen-year-old Ross McCrorie, who made his Rangers debut on Tuesday against Partick Thistle, looks set to step in to replace the Portuguese international for what will be his home bow. The first Old Firm derby of the season dominates the headlines as the Scottish Premiership rolls into week seven.Celtic travel to Ibrox still undefeated, but they can expect to face a sterner test than Rangers were able to pose last campaign after a summer of upheaval in Govan.Elsewhere, Derek McInnes’ Dons return to the scene of Thursday’s crushing League Cup defeat while Neil Lennon’s Hibs look to shore up a leaky defence in the Highlands.Here we reflect on what is likely to get tongues wagging come the Monday morning coffee break. Despite the magnitude of the fixture, Caixinha has no concerns about dropping the youngster in at the deep end and insists he will go on to become one of Scotland’s finest defenders.Partnership: Both strikers are vying for a starting berth at Ibrox. SNSWith Rangers set to field a makeshift rearguard thanks to injuries to Alves and captain Lee Wallace, Brendan Rodgers may be tempted to start both Moussa Dembele and Leigh Griffiths in attack.Such a move would likely see the Northern Irishman revert to the back three formation he has employed sporadically this campaign.Celtic dominated Hamilton playing the system but almost came unstuck in Champions League qualifying against Astana.The heavy defeat to Paris exposed frailties in Celtic’s starting 11, but club captain Scott Brown reckons the champions are a more complete outfit this time around due to their versatility.“We’re stronger, we’re fitter and we’re more together as well,” Brown said. “We’ve got a few different formations that we can chop and change throughout the game and that’s all been based on what the gaffer’s been doing in training since the start of the season and how we’ve worked together as a team.”Key to Rodgers’ selection in attack will be whether or not he feels the need to keep one of his main forwards under wraps ahead of Wednesday’s crunch Champions League clash with Anderlecht.Rangers’ Colombian forward has started the campaign in prolific form, notching eight goals in all competitions. While he has displayed a cool head in front of goal, Morelos hinted a fiery streak lies beneath when he clashed with Partick Thistle’s Jordan Turnbull.His manager Pedro Caixinha expects Celtic to test the 21-year-old’s resolve, insisting that he “knows” Brendan Rodgers’ side will try to provoke Morelos.Key to any chance of Rangers ending their rivals’ 56-match unbeaten run will be Morelos maintaining his composure, both in front of goal and in physical duels with the men in Hoops.Three up: Louis Moult adds Motherwell’s third against Aberdeen. SNSOnly three days after exiting the League Cup at the hands of Motherwell, Derek McInnes takes his side back to Lanarkshire on Premiership duty.The Dons were overwhelmed by a vibrant display from Stephen Robinson’s Steelmen on Thursday, losing 3-0 and lucky not to go down by more.McInnes altered his team’s formation in an attempt to handle their opponents’ energetic front pairing of Louis Moult and Ryan Bowman, but the Aberdeen back line looked unable to cope regardless of whether two or three centre-halves were employed.Not only did the defence toil, but McInnes’ midfield was overwhelmed by the relentless running of Andy Rose and Chris Cadden. Adding the physical presence of Greg Tansey and Kari Arnason may help present a more robust Dons 11, while going man-for-man across the pitch by pairing Adam Rooney and Stevie May would cause Well’s defenders more problems.Regardless of tactics, most importantly for the Dons will be arriving with the correct attitude or they risk watching their undefeated start to the league campaign going up in smoke. Captain Graeme Shinnie told Red TV: “Simply not good enough, from myself right throughout the team. We need to have a good look at ourselves. “The quality is always there but I think we need to fight a wee bit more, fight for each other, work as a team a wee bit more, then the quality shines through after that.” Hibs boss Neil Lennon insisted his team would sit second in the table had it not been for “sloppy moments” at the back. While performances on the whole have been good since stepping back up to the top flight, cutting out on such lapses of concentration will be key when the Leith side head north to Dingwall to take on Ross County. The Staggies boast players with the craft and ability to punish any mistakes at the back by Hibs, with young winger Davis Kellor-Dunn and experienced playmaker Michael Gardyne supplying plenty of ammunition for Craig Curran and Alex Schalk.last_img read more

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Beyond Text

first_imgrichard macmanus Tags:#Blogging#web Related Posts 8 Best WordPress Hosting Solutions on the Market Top Reasons to Go With Managed WordPress Hostingcenter_img Bob Wyman of PubSub has just written a killer post on the future of blogging (or one of them…). An excerpt:“What Kedrosky is speaking of is what we at PubSub have been referring to as “Structured Blogging” and may be what Mark Fletcher of Bloglines/AskJeeves has listed as “Functional Blogging” in presentations he’s recently given. The basic idea is to go beyond “mere” text in blogs and include structured XML that describes job-openings, events, new prices, press releases, updates to phone numbers and contact info, requests for proposals, etc. i.e. Using the now almost ubiquitous content syndication network to broadcast useful business *data* — not just prose or text commentaries. Blogging, or the more general idea of “syndication”, will have its most important and profitable impact on business by providing a new and effective way for businesses to broadcast data. The result is that in the future, we’ll see “blogging” built into corporate systems (ERP, CRM, etc.) that process data — not text.”I went looking for some info on Bloglines “functional blogging” and all I came up with was a hint from Mark Fletcher during a speech that Ross Mayfield blogged:“Future developments: Convergence with web search, Mutimedia, functional RSS feeds for more than just news, Richer blogging tools, more sharing and social networking features. 3.6 repeat visits per day on average. Sticky vital part of their online experiences. Share your information and feeds with other people in your network.”(emphasis mine)This is an interesting subject. I myself have been noodling away on a business idea for ‘the future of blogging’, but more on that in good time. Why Tech Companies Need Simpler Terms of Servic… A Web Developer’s New Best Friend is the AI Wai…last_img read more

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Kavanaugh accuser says she would testify under right terms

first_img(AP) – Christine Blasey Ford may testify against Supreme Court nominee Brett Kavanaugh after all. That word from her attorney could breathe new life into the prospect of a dramatic Senate showdown next week over Ford’s accusation that he assaulted her when both were in high school.The preference would be for Ford to testify next Thursday, and she doesn’t want Kavanaugh in the same room, her attorney told Judiciary Committee staff in a 30-minute call that also touched on security concerns and others issues. That is according to a Senate aide who wasn’t authorized to discuss the matter and spoke on condition of anonymity.Ford is willing to tell her story to the Judiciary Committee, whose senators will vote on Kavanaugh’s confirmation – but only if agreement can be reached on what her attorney called “terms that are fair and which ensure her safety.” No decisions have been reached.last_img read more

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