Saturday, June 12, 2021

Tax treatment of non-profit entities in Nigeria - Lexology

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IRS Publishes Updated FAQ Document for HTC | Novogradac

The Internal Revenue Service (IRS) this week published an updated frequently asked questions (FAQ) documen t concerning the federal historic tax credit (HTC). The questions addressed include eligibility and definitions, qualified rehabilitation expenditures, basis and several other key aspects surrounding HTC. The FAQ provides a quick overview of the HTC incentive, as well as references to the relevant sections of the Internal Revenue Code, key Treasury Regulations and other IRS guidance.

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CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for June |

IGR's current annualized distribution rate is 6.7% based on the closing market price of $9.00 on June 8, 2021, and 6.2% based on a closing NAV of $9.70 as of the same date.

The Fund's monthly distribution is set by its Board of Trustees. The Board reviews the Fund's distribution on a quarterly basis in view of its net investment income, realized and unrealized gains, and other net unrealized appreciation or income expected during the remainder of the year.

CBRE Clarion Global Real Estate Income Fund is a closed-end fund, which is traded on the New York Stock Exchange and invests primarily in real estate securities. Holdings are subject to change. Past performance is no guarantee of future results.

Date: 2021-06-10
Twitter: @businesswire
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Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.0975 Per Share

Ex-Date: June 18, 2021
Record Date: June 21, 2021
Payable Date: June 30, 2021
Per Share Amount: $0.0975

Based on the Fund's current share price of $16.02 (as of its close on June 10, 2021), the distribution represents an annualized distribution rate of approximately 7.30% (calculated by annualizing the distribution amount and dividing it by the current price). Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured.

Twitter: @Yahoo
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German income tax law and 'non-fungible tokens' - Lexology
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DNP SELECT INCOME FUND INC. Section 19(a) Notice

The following table sets forth the estimated amounts of the current distribution, payable June 10, 2021 , together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31 , 2021. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.

Twitter: @Yahoo
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HealthEquity Updates Business Outlook

DRAPER, Utah, June 08, 2021 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") non-bank custodian, today announced an updated business outlook, superseding the business outlook announced by HealthEquity on June 7, 2021.

The updated business outlook provided below has been revised as compared to the business outlook issued on June 7, 2021 to change the expected net loss from between $19 million and $15 million previously announced to an expected net loss of between $12 million and $8 million, resulting in a change in expected net loss from $0.23 to $0.18 per diluted share previously announced to an expected net loss of $0.14 to $0.10 per diluted share.

Publisher: GlobeNewswire News Room
Date: 6/8/2021 1:00:00 PM
Author: HealthEquity Inc
Twitter: @globenewswire
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The Swiss Helvetia Fund, Inc. Declares Quarterly Distribution of $0.13755 Per Share

Pursuant to the Plan, the Fund's Board of Directors has approved the quarterly distribution of a fixed amount of $0.13755 per share of the Fund's common stock. The primary purpose of the Plan is to provide the Fund's stockholders with a more consistent, but not guaranteed, fixed minimum rate of distribution on a regular, quarterly basis. The Plan also may have the effect of narrowing the discount to net asset value per share at which the Fund's shares trade.

Distributions under the Plan may consist of net investment income, net realized short-term capital gains, net realized long-term capital gains and, to the extent necessary, return of capital (or other capital sources).

Date: 9D28F7743C790DD88F2D9C7375EF7ED5
Author: The Swiss Helvetia Fund Inc
Twitter: @PRNewswire
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Intact Financial Corporation Announces Sale of Codan DK to Alm.

TORONTO , June 11, 2021 /CNW/ - Intact Financial Corporation (TSX: IFC ) ("Intact" or the "Company") announced today that Scandi JV Co 2 A/S, which is co-owned by Intact and Tryg A/S (CPH: TRYG) ("Tryg") following the acquisition of RSA Insurance Group plc ("RSA"), has entered into a definitive agreement to sell (the "Sale") Codan Forsikring A/S's Danish business ("Codan DK") to Alm. Brand A/S Group ("Alm. Brand") (CPH: ALMB).

Under the terms of the agreement, Alm. Brand will acquire Codan DK for a total cash consideration of approximately DKK 12.6 billion (approximately $2.52 billion ).

Date: 9D28F7743C790DD88F2D9C7375EF7ED5
Author: Intact Financial Corporation
Twitter: @PRNewswire
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Mercury Systems Receives Two Prestigious Cogswell Awards

The award recognizes industrial security excellence and is the highest honor the DCSA bestows to cleared industry partners. Out of the approximately 13,000 cleared facilities nationwide, less than 1% received Cogswell awards this year. Facilities may be nominated for the award only if they have a minimum of two consecutive, superior security ratings and show a sustained degree of excellence and innovation in their overall security program management, implementation and oversight.

Publisher: GlobeNewswire News Room
Date: 6/10/2021 8:15:00 PM
Author: Mercury Systems Inc
Twitter: @globenewswire
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