7 material Form 8-K filings that 7 companies we cover made with the SEC in November 2015, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Both closed-end funds' boards approved a proposal to merge Western Asset Global Partners Income Fund into Western Asset Global High Income Fund, subject to stockholder approval of each fund. If approved, the merger is expected in the second quarter of 2016, and GDF stockholders would receive EHI common stock based on each fund's net asset value per share. The filing states the boards believe the combination may bring economies of scale and greater diversification for stockholders.
Merger proposal approved by both funds' boards on November 16, 2015, subject to stockholder votes
Anticipated closing in the second quarter of 2016 if approved
As of September 30, 2015, GDF had total assets of about $207 million and EHI about $469 million
The boards of Western Asset High Income Opportunity Fund (HIO) and Western Asset Managed High Income Fund (MHY) approved a proposal to merge MHY into HIO, subject to approval by stockholders of both funds. If approved, the merger is anticipated to occur during the second quarter of 2016, and MHY stockholders would receive HIO common stock based on each fund's net asset value per share.
Merger proposal approved by each fund's board; requires approval by stockholders of both funds
Anticipated completion: second quarter of 2016, if approved
As of September 30, 2015, MHY had total assets of approximately $253 million and HIO approximately $464 million
Boards cited identical investment objectives, economies of scale and enhanced market liquidity as reasons for the merger
The investment adviser to Flaherty & Crumrine Preferred & Income Fund (PFD) said portfolio manager Donald F. Crumrine will leave his role on December 31, 2015, due to his upcoming retirement. R. Eric Chadwick and Bradford S. Stone will remain as portfolio managers, so day-to-day management continues with the same team minus Crumrine.
Donald F. Crumrine stops serving as a portfolio manager effective December 31, 2015, due to retirement.
R. Eric Chadwick and Bradford S. Stone will continue as portfolio managers for the Fund.
The change was disclosed under Item 8.01 (Other Events) in a filing dated November 13, 2015.
The investment adviser to Flaherty & Crumrine Preferred and Income Opportunity Fund said portfolio manager Donald F. Crumrine will stop serving the fund effective December 31, 2015, due to his upcoming retirement. R. Eric Chadwick and Bradford S. Stone will continue as portfolio managers, so the fund's management team remains in place with two members.
Donald F. Crumrine will no longer serve as a portfolio manager effective December 31, 2015
Reason given: his upcoming retirement
R. Eric Chadwick and Bradford S. Stone will continue as portfolio managers
The fund's investment adviser, Flaherty & Crumrine Incorporated, said portfolio manager Donald F. Crumrine will no longer serve the fund after he retires, effective December 31, 2015. R. Eric Chadwick and Bradford S. Stone will continue as portfolio managers, so the management team is reduced by one but not otherwise changed.
Donald F. Crumrine stops serving as a portfolio manager effective December 31, 2015, due to his upcoming retirement.
R. Eric Chadwick and Bradford S. Stone will continue to serve as portfolio managers.
The filing was dated November 13, 2015 and signed by R. Eric Chadwick, Chief Executive Officer and President.
The fund's investment adviser said portfolio manager Donald F. Crumrine will leave his role on December 31, 2015, due to his upcoming retirement. R. Eric Chadwick and Bradford S. Stone will continue as portfolio managers, so the management team is partly unchanged for shareholders.
Donald F. Crumrine will no longer serve as a portfolio manager effective December 31, 2015.
The change was announced by the Investment Adviser, Flaherty & Crumrine Incorporated, citing his upcoming retirement.
R. Eric Chadwick and Bradford S. Stone will continue as portfolio managers for the fund.
The investment adviser to Flaherty & Crumrine Dynamic Preferred and Income Fund said portfolio manager Donald F. Crumrine will stop serving on the fund's management team on December 31, 2015, due to his upcoming retirement. R. Eric Chadwick and Bradford S. Stone will continue as portfolio managers, so the management team remains in place.
Donald F. Crumrine is retiring and will no longer serve as a portfolio manager effective December 31, 2015.
R. Eric Chadwick and Bradford S. Stone will continue to serve as portfolio managers for the fund.
The change was announced by the fund's investment adviser, Flaherty & Crumrine Incorporated, in a filing dated November 13, 2015.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.