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South Korea's leader prompts dismay by briefly declaring martial law. Here's what to know
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DENVER , Dec. 18, 2024 /PRNewswire/ - The Board of Trustees (the "Board") of Principal Real Estate Income Fund (the "Fund"), announced today that it has approved a renewal of the Fund's share repurchase program. Under the share repurchase program, the Fund may purchase up to approximately 2.1% of its outstanding common shares beginning January 21, 2025 , in the open market, until January 21, 2026 . As part of its evaluation of options to enhance shareholder value, the Board has authorized ALPS Advisors, Inc. (the "Advisor") to repurchase the Fund's common shares at such times and in such amounts as the Advisor reasonably believes may enhance shareholder value. The Board and the Advisor continually analyze options to enhance shareholder value and potentially reduce the discount between the market price of the Fund's common share and the net asset value per share ("NAV"). The Board and the Advisor believe that the share repurchase program may further these goals because the program allows the Fund to acquire its shares in the open market at a discount to NAV, which will increase the NAV and thereby benefit remaining shareholders while potentially providing additional liquidity in the trading of the fund shares. The Board will monitor the repurchase program and will continue to consider strategic options to enhance shareholder value in the long-term. The Fund's repurchase program will be implemented on a discretionary basis under the direction of the Advisor. There is no assurance that the Fund will purchase shares at any specific discount level or in any specific amount or that the market price of the Fund's shares will increase as a result of any share repurchases. RISKS An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle. Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment and exposure to below-investment grade investments (i.e., "junk bonds"). The Fund's net asset value will vary and its distribution rate may vary and both may be affected by numerous factors, including changes in the market spread over a specified benchmark, market interest rates and performance of the broader equity markets. Fluctuations in net asset value may be magnified as a result of the Fund's use of leverage. Therefore, before investing you should carefully consider the risks that you assume when you invest in the Fund's common shares. Securities backed by commercial real estate assets are subject to market risks similar to those of direct ownership of commercial real estate assets including, but not limited to, declines in the value of real estate, declines in rental or occupancy rates and risks related to general and local economic conditions. The Fund's investment objectives and policies are not designed to seek to return the initial investment to investors that purchase shares. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.principalcef.com or call 855.838.9485. Please read them carefully before investing . Shares of closed-end investment companies frequently trade at a discount from their net asset value and initial offering prices. NOT FDIC INSURED | May Lose Value | No Bank Guarantee The Fund is a closed-end fund and does not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value. ALPS Advisors, Inc. is the investment adviser to the Fund. Principal Real Estate Investors LLC is the investment sub-adviser to the Fund. Principal Real Estate Investors LLC is not affiliated with ALPS Advisors, Inc. or any of its affiliates. ALPS Portfolio Solutions Distributor, Inc. is the FINRA Member firm. About SS&C Technologies SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut , and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology. Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com . About SS&C ALPS Advisors SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies, is a leading provider of investment products for advisors and institutions. With over $26.24 billion under management as of September 30, 2024 , SS&C ALPS Advisors is an open architecture boutique investment manager offering portfolio building blocks, active insight and an unwavering drive to guide clients to investment outcomes across sustainable income, thematic and alternative growth strategies. For more information, visit www.alpsfunds.com. About SS&C Technologies Principal Real Estate Investors manages or sub-advises $102 billion in commercial real estate assets, as of September 30, 2024 . The firm's real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group ® . PRE000436 12/18/2025 View original content: https://www.prnewswire.com/news-releases/principal-real-estate-income-fund-continues-share-repurchase-program-302335508.html SOURCE Principal Real Estate Income Fund
This month marks the 75th anniversary of the adoption by the Constituent Assembly of the draft Constitution of India, on November 26, 1949. The Union government has announced that it intends to commemorate this momentous occasion with a special joint sitting of Parliament. There are bound to be several self-congratulatory speeches, from all sides of our fractious political divide. But the speech that should haunt us all is that of the principal draftsman of the Constitution, B.R. Ambedkar, on the eve of the Constitution’s adoption. On November 25, 1949, in his magisterial summation of the work of the Drafting Committee he chaired, and before commending its work to the Assembly, he pointedly observed: “however good a Constitution may be, it is sure to turn out bad because those who are called to work it, happen to be a bad lot. However bad a Constitution may be, it may turn out to be good if those who are called to work it, happen to be a good lot.” The working of the Constitution, Dr. Ambedkar pointed out, depended on how the people and the political parties applied it. The drafters had made provision for relatively easy amendment, so as to permit the document to keep up with the needs of the times. But the rest depended on the way successive generations of its custodians chose to implement it. The lacunae that B.R. Ambedkar identified Dr. Ambedkar highlighted the fact that “there is complete absence of two things in Indian society” — equality and fraternity. “On the 26th of January 1950,” he declared, “we are going to enter into a life of contradictions. In politics we will have equality and in social and economic life we will have inequality. In politics we will be recognizing the principle of one man one vote and one vote one value. In our social and economic life, we shall, by reason of our social and economic structure, continue to deny the principle of one man one value. How long shall we continue to live this life of contradictions? How long shall we continue to deny equality in our social and economic life?” In calling for a social and not merely political democracy to emerge from the Constitution, Dr. Ambedkar stressed the absence of fraternity as the second major ingredient that was missing in India. “Fraternity means a sense of common brotherhood of all Indians — of Indians being one people. It is the principle which gives unity and solidarity to social life.” But thanks to the caste system — the entire structure of caste, he averred, was ‘anti-national’ — religious divisions and the absence of a common sense of nationhood among some Indians, fraternity had not yet been achieved. But it was indispensable, since liberty, equality and fraternity were all intertwined and could not flourish independently of one another. “Without equality,” he pointed out, “liberty would produce the supremacy of the few over the many. Equality without liberty would kill individual initiative. Without fraternity, liberty would produce the supremacy of the few over the many. Without fraternity, liberty and equality could not become a natural course of things. It would require a constable to enforce them.” What has changed Today, 75 years later, it is well worth asking what progress we have made to achieve the aims of the Constitution’s drafters, and in particular to fill the lacunae that Dr. Ambedkar identified. Equality has advanced, no doubt, with the abolition of untouchability being accompanied by the world’s oldest and farthest-reaching affirmative action programme, in the form of reservations, initially for Scheduled Castes and then for the Other Backward Classes (OBC). These reservations, which were initially intended to be temporary, have now been entrenched in our system and may be said to be politically unchallengeable. But the task of promoting social and economic equality, which Dr. Ambedkar pointed to, is far from complete. The clamour for further opportunities for those who believe that Indian society continues to deny them the equality of outcomes that the numbers warrant, continues to roil our politics. The escalating demand for a caste census is bound to have further implications for the evolution of India’s constitutional practice. As for fraternity, the mobilisation of votes in our contentious democracy in the name of caste, creed, region and language have ensured that the social and psychological sense of oneness that Dr. Ambedkar spoke about, is still, at best, a work in progress. But there is no doubt that the sense of nationhood that he felt had not yet come into existence has now become embedded across the country. One only needs to look at the crowds at a cricket match involving the Indian team, or the national outrage and mourning after an international conflict such as the Kargil war (1999) or the Galwan incident (2020), to be aware that there is a strong sense of nationhood despite the persistence of local or sectarian identities. Yet, by reifying caste reservations, India has promoted equality but arguably undermined fraternity. Fraternity had a special place in Dr. Ambedkar’s vision; the word was, in many ways, his distinctive contribution to India’s constitutional discourse. It also had an economic dimension, with the implicit idea that the assets of the better-off would be used to uplift the untouchables and other unfortunates. Fraternity would both result from and lead to the erosion of social and caste hierarchies. But, as the sociologist Dipankar Gupta has argued, the extension of reservations to the OBCs saw caste as ‘an important political resource to be plumbed in perpetuity’. Professor Gupta avers that this ‘is not in the spirit of enlarging fraternity, as the Ambedkar proposals are’; while Dr. Ambedkar’s ultimate aim was the annihilation of caste from Indian society, for Mandal, caste was not to be “removed”, but to be “represented”.’ It entrenched caste rather than eliminating it from public life. Highs and worrying lows This debate may well go on. Still, we can be grateful that the ascent to power of the very elements of Indian politics who had initially rejected the Constitution has not resulted in its abandonment. There is a certain irony to a Bharatiya Janata Party government celebrating a document that its forebears in the Rashtriya Swayamsevak Sangh and the Jana Sangh had found “un-Indian” and devoid of soul. That soul has evolved over 75 years and 106 amendments, and the Constitution still thrives. But the hollowing out of many of the institutions created by the Constitution, the diminishing of Parliament, pressures on the judiciary and the undermining of the democratic spirit — leading to the V-Dem Institute labelling India as an “electoral autocracy”, policed by the “constable” Dr. Ambedkar warned against — mean that much still remains to be done by its custodians. “Independence,” Dr. Ambedkar said in concluding his memorable speech, “is no doubt a matter of joy. But let us not forget that this independence has thrown on us great responsibilities. By independence, we have lost the excuse of blaming the British for anything going wrong. If hereafter things go wrong, we will have nobody to blame except ourselves.” Seventy-five years later, let us vow to the reduce the number of things we need to blame ourselves for — and let the Constitution show us the way. Shashi Tharoor is a fourth-term Indian National Congress Member of the Lok Sabha for Thiruvananthapuram, and the award-winning author of 26 books, including ‘The Battle of Belonging: On Nationalism, Patriotism and What it Means to be Indian’ (2021). He is a member of the Congress Working Committee. Published - November 26, 2024 01:00 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit constitution / parliament / Parliament proceedings / India / history / politics / political parties / Reservation / unrest, conflicts and war / Bharatiya Janata Party / Independence Day
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IPOB Political Wing, IPW, has stated that its aim is to back members to aspire to be political offices in the country, saying that such is the aim of creating a political wing in the Indigenous People of Biafra, IPOB, a separatist agitation group. IPW says that it is making the clarification in response to a statement credited to Chika Edoziem, spokesman for the IPOB’s Directorate of State, DOS, which denounced and disclaimed IPW. There has been a cross fire of verbal attacks between IPW and its parent body, the IPOB. IPW claims to be a political Wing from the parent body seeking to be part of Nigeria’s political process. In IPW’s statement issued by Emereonye Nwachukwu the spokesman of the group, it noted that IPOB’s tactics for achieving a state of Biafra is obsolete. He made references to the civil war and the advent of the Movement for the Actualization of the Sovereign State of Biafra, MASSOB, which never saw fruition. Emereonye noted that it is unnecessary to stay and rant all year when getting involved in politics can bring the much touted freedom to the Igbo people in Nigeria. “Nnamdi Kanu agrees with IPOB Political Wing and has called for negotiation with the federal government on this. “He has successfully entered into a couple of political concessions, he knows there is no other way. ” He agreed to need for election to take place and more. “However, since Nnamdi Kanu was arrested and detained, none of this people have visited him. “You all are all in hiding like fearful rats in a hole. Only the politicians you attack were able to meet him, despite Nigerian politicians being evil an unpatriotic,” Emereonye said.
Nominates Bentina Chisolm Terry and Leland Weaver to Join Board of Directors Two Long-Tenured Directors to Retire at Upcoming 2025 Annual Meeting of Stockholders ATLANTA, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) announced that its Board of Directors has nominated Bentina Chisolm Terry and Leland Weaver to join the Board for election at the Company’s Annual Meeting of Stockholders on February 6, 2025. As part of the previously announced Board refreshment plan, Dr. Lydia Thomas and Ms. Shirley Franklin will retire from the Board at the Annual Meeting. “On behalf of the entire Board, I extend my gratitude to Lydia and Shirley for their contributions to Mueller and many years of service on the Board. Lydia’s and Shirley’s leadership, wisdom and expertise during their service have been enormously valuable to the Company and our management team as we have executed on our strategy to create value for shareholders. We also thank Brian Slobodow and Niclas Ytterdahl for their service,” said Stephen C. Van Arsdell, Non-Executive Chair of the Board. Mr. Van Arsdell continued, “Today’s announcement reflects our strong governance as we continue to drive value creation across our business. The continuing evolution of the Board is a testament to our commitment to bringing new viewpoints to the boardroom while continuing to benefit from the guidance and experience of our more tenured directors. With the addition of Bentina and Leland, who most recently joined us as Board Observers, we are on course to complete our board refreshment plan next year. We are confident that each of our new directors will bring significant value to our diverse Board.” The Board’s slate for the Annual Meeting is comprised of Christian A. Garcia, Thomas J. Hansen, Brian C. Healy, Christine Ortiz, Jeffery S. Sharritts, Bentina Chisolm Terry, Stephen C. Van Arsdell, Leland G. Weaver, and Marietta Edmunds Zakas. Following the Annual Meeting, the Board will comprise nine directors, eight of whom are independent and eight of whom will have been elected in the last six years. About Bentina Chisolm Terry Ms. Bentina Chisolm Terry currently serves as the President and CEO of Southern Linc and Southern Telecom, providing mission-critical LTE wireless and dark fiber networks and services to Southern Company electric utilities and external customers. She is an accomplished senior executive with more than 25 years of experience leading across a range of functions in the utility industry and a strong track record of driving growth and innovation. Prior to Southern Linc and Southern Telecom, Ms. Terry served as Senior Vice President of Customer Strategy and Solutions at Georgia Power. She joined Georgia Power in 2001, holding roles of increasing responsibility across multiple departments. Ms. Terry has led multiple environmental initiatives and has been responsible for health and safety. During her time serving as General Counsel for Southern Nuclear Operating Company, Ms. Terry led the Company to receiving the most significant rate increase in its history, ensuring continued service reliability and infrastructure upgrades. Ms. Terry received her Bachelor of Arts from North Carolina State University and a Juris Doctor from the University of Michigan. About Leland Weaver Mr. Leland Weaver currently serves as the President of DuPont Water & Protection. He is an accomplished senior executive with extensive experience across various industries and global markets. As President of the DuPont Water & Protection business, a global business with $6 billion in revenue, Mr. Weaver oversees 34 manufacturing sites and 7,000 employees, as well as the strategy to deliver sustainable, technology-based products and solutions for water, shelter, and safety. He previously held leadership roles within Dupont’s investor relations and business strategy arm. Mr. Weaver has deep experience in both operational and manufacturing as well as growth strategy and transformation, managing relationships with institutional investors, and playing a pivotal role in significant corporate transformation initiatives, including the spin-off of DuPont’s Nutrition & Biosciences business and its merger with International Flavors and Fragrances. Mr. Weaver has a strong track record of building high-performance teams, managing large-scale operations, and driving significant financial growth. Mr. Weaver received his Bachelor of Science from the University of Alabama and his master’s degree in business from the University of Pennsylvania. About Mueller Water Products, Inc. Mueller Water Products, Inc. is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. Our broad product and service portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software that provides critical water system data. We help municipalities increase operational efficiencies, improve customer service and prioritize capital spending, demonstrating why Mueller Water Products is Where Intelligence Meets Infrastructure ® . Visit us at www.muellerwaterproducts.com. Mueller refers to one or more of Mueller Water Products, Inc. (MWP), a Delaware corporation, and its subsidiaries. MWP and each of its subsidiaries are legally separate and independent entities when providing products and services. MWP does not provide products or services to third parties. MWP and each of its subsidiaries are liable only for their own acts and omissions and not those of each other. Investor Relations Contact: Whit Kincaid 770-206-4116 wkincaid@muellerwp.com Media Contact: Jenny Barabas 470-806-5771 jbarabas@muellerwp.com
Synopsys Shares Fall 6% After Outlook for FY25, 1Q Misses EstimatesALBANY, N.Y. , Nov. 25, 2024 /PRNewswire/ -- Aspiring entrepreneurs nationwide now have a unique opportunity to gain recognition and support for their innovative ideas through the Tina Wellman Scholarship for Entrepreneurs. This prestigious scholarship, founded by Tina Wellman , a renowned leader in healthcare, biotech, and business innovation, provides a one-time award of $1,000 to undergraduate students dedicated to pursuing entrepreneurial excellence. The Tina Wellman Scholarship for Entrepreneurs invites applications from undergraduate students enrolled at accredited colleges or universities who are pursuing degrees in fields aligned with entrepreneurial ambitions, such as business, marketing, or technology. Scholarship Amount and Application Deadline The Tina Wellman Scholarship for Entrepreneurs offers a one-time award of $1,000 . The deadline for applications is August 15, 2025 , with the winner being announced on September 15, 2025 . About Tina Wellman Tina Wellman 's illustrious career spans over two decades in healthcare, biotech, and business innovation. As the former CEO and owner of BrightDrive HCS LLC, Tina Wellman grew a fledgling startup into a $5 million enterprise with a team of over 200 employees operating across the United States and India . As owner of Consulting at Hand PIQ Consulting she brings her expertise in revenue cycle management, clinical operations, and emerging technologies to help businesses achieve sustainable growth. A Legacy of Innovation and Mentorship Tina Wellman 's dedication to inspiring the next generation of entrepreneurs is at the heart of this scholarship. Her global business experience, transformational leadership, and commitment to fostering innovation make the Tina Wellman Scholarship for Entrepreneurs a testament to her enduring vision. By creating this scholarship, Tina Wellman seeks to provide aspiring entrepreneurs with the resources and recognition necessary to transform their ideas into impactful ventures. Students awarded the scholarship will join a growing community of future business leaders inspired by Tina Wellman's entrepreneurial legacy. Application and Additional Information Students interested in applying for the Tina Wellman Scholarship for Entrepreneurs can visit https://tinawellmanscholarship.com for detailed application guidelines and submission instructions. About the Tina Wellman Scholarship for Entrepreneurs The Tina Wellman Scholarship for Entrepreneurs exemplifies Tina Wellman's enduring commitment to fostering innovation, critical thinking, and strategic execution among the next generation of business leaders. This initiative reflects her passion for guiding aspiring entrepreneurs toward achieving excellence while addressing real-world challenges with groundbreaking ideas. SOURCE Tina Wellman Scholarship
NoneElon Musk hits out at Albanese government’s ‘backdoor’ social media ban
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