SS&C Technologies Inc - SSNC STOCK NEWS

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced it will release its financial results for the third quarter ended September 30, 2024, after market close on Thursday, October 24, 2024. The company, a global provider of financial services and healthcare software and software-enabled services, will host an earnings conference call on the same day at 5:00 p.m. Eastern Time to discuss the Q3 2024 results.

Interested parties can access the earnings release via PR Newswire and SS&C's website. To join the conference call, participants should dial 888-210-4650 (US and Canada) or 646-960-0327 (International) and request the "SS&C Technologies Third Quarter 2024 Earnings Conference Call" using conference ID #4673675. A live webcast of the call will be available on the Investor Relations section of SS&C's website, with a replay accessible afterwards.

Principal Real Estate Income Fund (NYSE: PGZ) has declared monthly distributions of $0.105 per common share, payable in November 2024, December 2024, and January 2025. Based on the Fund's current net asset value share price of $12.22 (as of September 26, 2024), these distributions represent an annualized distribution rate of 10.31%.

The Fund is designed as a long-term investment and involves risks, including potential loss of investment and exposure to below-investment grade investments. The Fund's net asset value and distribution rate may be affected by various factors, including market conditions and leverage use. Distributions may include net investment income, capital gains, and return of capital. Investors are advised to carefully consider the risks and investment objectives before investing.

The Fund trades on the secondary market as a closed-end fund, and share prices are based on market value. ALPS Advisors, Inc. serves as the investment adviser, while Principal Real Estate Investors is the sub-adviser.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced the broad rollout of SS&C Accord, an AI-enabled service designed to help wealth managers aggregate and validate their customers' alternative investment data. This service leverages SS&C's expertise in wealth management and alternative investment fund administration to provide a single source of clean alternatives data for wealth managers.

SS&C Accord offers an end-to-end service managed by a dedicated account team, utilizing intelligent automation and human experts to monitor, retrieve, and process alternative investment data. The service aims to address the challenges of alternative investment data collection and reconciliation, which often lack consistent reporting standards.

Choreo, an independent financial planning firm, has already benefited from SS&C Accord in consolidating client accounts after a major acquisition. The service is designed for wealth managers, Registered Investment Advisors, pension funds, endowments, and family offices, offering a comprehensive control panel for viewing clients' alternative investments data.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that the SS&C GlobeOp Forward Redemption Indicator for September 2024 measured 2.72%, up from 2.59% in August. This figure is slightly higher than the 2.71% reported for the same period last year but consistent with longer-term monthly averages and seasonal patterns.

The indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on their platform, divided by the Assets under Administration (AuA) at the beginning of the month. Bill Stone, Chairman and CEO of SS&C Technologies, noted that mixed economic signals and a recent large rate cut could potentially catalyze increased market volatility.

The SS&C GlobeOp Hedge Fund Performance Index showed a flash estimate of 0.75% for the current month, with a year-to-date performance of 5.94% and a last 12-month performance of 9.14%.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced that Direxion, a leading provider of tradeable and thematic ETFs, has chosen SS&C ALPS Distributors for medallion distribution services for their ETF and mutual fund range. Direxion, managing over $40 billion in assets, will benefit from SS&C's comprehensive suite of Registered Fund Services. SS&C will act as the underwriter and distributor, handle FINRA compliance, review marketing materials, and support Direxion's distribution strategy.

This partnership allows Direxion to access SS&C's end-to-end service and distribution solutions, designed to enhance customer experience and streamline order flow with authorized participants. SS&C ALPS Distributors currently services more than 300 ETFs with over $1 trillion in assets under distribution across 47 trusts.

SS&C GlobeOp has released its Hedge Fund Performance Index and Capital Movement Index for September 2024. The Performance Index showed a gross return of 0.75% for August, while the Capital Movement Index advanced 0.39% in September, indicating positive net flows into funds.

Key highlights include:

• Year-to-date performance: 5.94%
• Last 12-month performance: 9.14%
• Capital Movement Index stands at 124.58 points

Bill Stone, CEO of SS&C Technologies, noted that hedge funds continue to attract allocations due to their flexible strategies, diversification benefits, and downside protection. The indices provide transparent insights into hedge fund liquidity, investor sentiment, and performance, representing about 10% of estimated assets in the hedge fund sector.

SS&C ALPS Advisors, a subsidiary of SS&C Technologies Holdings (Nasdaq: SSNC), has announced the closure of the ALPS Global Travel Beneficiaries ETF (NYSE ARCA: JRNY). The fund will close to new investors on October 16, 2024 and liquidate on October 18, 2024. This decision was made by the ALPS ETF Trust's Board of Trustees due to the fund's inability to attract significant market interest since its inception.

The last trading day for the fund is scheduled for October 17, 2024. Shareholders may be able to sell their shares until this date, but there's no guarantee of a market for the fund's shares. On the liquidation date, remaining shareholders will receive a cash distribution equal to the net asset value of their shares, without incurring transaction fees.

SS&C Technologies Holdings (Nasdaq: SSNC) has secured a long-term agreement with BT, a leading Australian wealth management business, for unit registry services. SS&C's Managed Fund Administration team will provide services to 88 BT-managed funds, including investor servicing and unit registry websites for digital account access and transactions.

Key points:

• BT previously managed these services in-house
• SS&C aims to improve digital access to investor information and automate processes
• SS&C GIDS is the world's largest transfer agent and unit registry
• The division services over 1,000 clients globally, processing more than 200 million transactions annually

This partnership demonstrates SS&C's expertise in helping asset managers digitalize and transform their operations, offering a scalable, technology-enabled registry solution to support BT's managed fund clients.

SS&C Technologies Holdings (Nasdaq: SSNC) is set to host its 2024 Analyst Day on September 18, 2024, at the Nasdaq MarketSite in New York. This invite-only event will provide insights into SS&C's strategic outlook, featuring presentations from key executives including Bill Stone (Chairman and CEO), Rahul Kanwar (President and COO), and Brian Schell (CFO).

The event will showcase business unit and technology updates, a financial overview, and live demonstrations of SS&C's latest technologies. It will run from 2:30 PM to 5:30 PM ET, followed by a cocktail reception. A live webcast will be available for those unable to attend in person. Interested parties should contact Justine Stone, Head of Investor Relations, for registration details.