latest news releases from the newsroom
The Korea Fund, Inc.
The Korea Fund, Inc. Announces Change to Portfolio Management Team
NEW YORK, Sept. 8, 2008 (GLOBE NEWSWIRE) -- RCM Capital Management LLC ("RCM") today announced a change to the portfolio management team of The Korea Fund, Inc. (NYSE:KF) (the "Fund"). Sang Won Kim, a member of the Fund's portfolio management team since May 2007, has been promoted to lead portfolio manager of the Fund, effective immediately.
Legacy Reserves LP
Legacy Reserves LP Announces Acquisitions of Assets in the Texas Panhandle
MIDLAND, Texas, Sept. 8, 2008 (GLOBE NEWSWIRE) -- Legacy Reserves LP (Nasdaq:LGCY) today announced it has entered into an agreement to purchase 100% of the membership interests of Pantwist, LLC from Cano Petroleum, Inc. (AMEX:CFW) for $42.7 million cash, subject to customary closing adjustments. Legacy is to acquire an estimated 453 Boe of daily production (72% oil and natural gas liquids), 3.1 MMBoe of proved reserves, 100% of which is proved developed producing. The closing is expected to be on October 1, 2008.
Alico Converts $50 Million of Its Line of Credit to a Fixed Interest 10 Year Term Note
LABELLE, Fla., Sept. 8, 2008 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that on September 3, 2008 the Company converted $50,000,000 of the outstanding balance on its $175,000,000 Revolving Line of Credit with Farm Credit of Southwest Florida to a 10 year term loan bearing a fixed interest rate of 6.79% with equal payments of principal and interest of $1,712,403.26 per quarter until maturity.
Integra Bank Corporation
Integra Bank Corporation to Participate in INVESTIndiana Equity Investment Conference
EVANSVILLE, Ind., Sept. 8, 2008 (GLOBE NEWSWIRE) -- Integra Bank Corporation (Nasdaq:IBNK) reported today that it will be participating in the INVESTIndiana Equity Investment Conference to be held in Indianapolis, Indiana on September 11, 2008. Mike Vea, Chairman, President and CEO and Martin Zorn, Chief Operating Officer and Chief Financial Officer, are scheduled to present at the Conference at 9:40 a.m. CDT (10:40 a.m. EDT).
PIMCO California Municipal Income Fund III
PIMCO California Municipal Income Fund III and PIMCO New York Municipal Income Fund III Report Results for the Fiscal Quarter and Nine Months Ended June 30, 2008
NEW YORK, Sept. 8, 2008 (GLOBE NEWSWIRE) -- PIMCO California Municipal Income Fund III (NYSE:PZC) and PIMCO New York Municipal Income Fund III (NYSE:PYN) (the "Funds") today announced their results for the fiscal quarter and nine months ended June 30, 2008. The Funds' are closed-end management investment companies. The investment objective of each Fund is to provide current income exempt from federal income tax. California Municipal Income Fund III also seeks to provide current income exempt from California state income taxes. New York Municipal Income Fund III also seeks to provide current income exempt from New York state and city income taxes.
PIMCO High Income Fund
PIMCO High Income Fund Reports Results for the Fiscal Quarter Ended June 30, 2008
NEW YORK, Sept. 8, 2008 (GLOBE NEWSWIRE) -- PIMCO High Income Fund (the "Fund") (NYSE:PHK), a diversified, closed-end management investment company which seeks high current income with capital appreciation as a secondary objective, today announced its results for the fiscal quarter ended June 30, 2008.