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SS&C Technologies Holdings (Nasdaq: SSNC) announced that senior management will participate in the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference. The event will be held on May 20, 2024, at the Westin Boston Seaport District in Boston, Massachusetts. Bill Stone, Chairman and CEO, will present at 3:10 pm ET. Webcasts will be available on the company's investor relations website. Founded in 1986 and headquartered in Windsor, Connecticut, SS&C provides software and services for the financial services and healthcare industries, boasting a client base of 20,000 organizations worldwide, from large enterprises to mid-market firms.
On May 15, 2024, Alerian MLP ETF (AMLP) announced an adjustment to its estimated deferred tax liability, recording an additional $32.1 million ($0.18 per share) in tax accrual, effective May 16, 2024. This increase is due to tax reporting from underlying investments, indicating that more future gains will be treated as ordinary income rather than capital gains. The Fund relies on delayed information from MLPs to estimate deferred tax liability, which can lead to significant variations in NAV calculations. The Fund's tax status as a C further impacts its NAV, as it accrues deferred tax liabilities daily. Investors are advised to consider the Fund's tax implications and risk factors carefully before investing.
The Alerian MLP ETF (NYSE Arca: AMLP) declared its second quarter 2024 distribution of $0.94 on May 8, 2024, payable on May 14, 2024, to shareholders of record on May 10, 2024. The fund focuses on energy infrastructure investments, subject to sector-specific risks and regulatory changes. Shareholders receive a single Form 1099 for tax purposes, with potential tax implications due to MLP classification changes. The fund follows a passive management investment approach, aiming to mirror its underlying index performance.
The Alerian Energy Infrastructure ETF (NYSE Arca: ENFR) declared its second-quarter 2024 distribution of $0.34117, payable on May 14, 2024, to shareholders of record on May 10, 2024. The ex-date is May 9, 2024. The fund invests primarily in the energy infrastructure sector and Canadian securities, subjecting it to risks related to regulatory changes, extreme weather, and currency exchange rates. It follows a passive investment approach and is managed by ALPS Advisors, Inc. Investors should consider the investment objectives, risks, charges, and expenses before investing.
SS&C Technologies Holdings, Inc. announced the pricing of $750 million of senior notes with an interest rate of 6.5% due 2032. The offering is expected to close on May 9, 2024. The company will use the net proceeds to repay existing loans and related fees.
SS&C Technologies Holdings, Inc. announced a private placement offering of $750 million in senior notes due 2032. The Notes will be issued by the Company's subsidiary and guaranteed by the Company and its restricted subsidiaries. The proceeds will be used to repay existing loans and related fees.
SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) announced a $2,775 million refinancing of term loans through its subsidiary. The company plans to borrow funds to repay existing loans under the Credit Agreement. The transactions are expected to close in the second quarter of 2024.
