Exodus Movement posted a $32.13 million loss in Q1 2026, more than double its loss from the same period last year. Revenue dropped 36.8% to $22.75 million due to negative market fluctuations driven by macroeconomic challenges like Fed rate changes and geopolitical tensions. The company reduced its Bitcoin holdings significantly, aiming to reallocate funds for strategic growth despite potential missed gains if Bitcoin outperforms altcoins. Exodus also launched XO Cash, a stablecoin for AI agents, while its stock price fell over 9% in Q1 and more than 52% year-to-date.
The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust approved monthly cash distributions of $0.03 per share for July, August, and September 2026. These distributions may exceed the Fund's distributable earnings and are expecte...
The GDL Fund announced a cash distribution of $0.12 per share for the second quarter, payable on June 23, 2026, to shareholders of record as of June 15, 2026. The Fund's Board of Trustees will continue to monitor distribution levels based on net asse...
The Gabelli Convertible and Income Securities Fund announced a cash distribution of $0.12 per share payable on June 23, 2026, to shareholders of record as of June 15, 2026. The Fund aims to provide a minimum annual distribution of 8% of its average n...
Ellsworth Growth and Income Fund Ltd. announced a cash distribution of $0.19 per share, payable on June 23, 2026, to shareholders of record as of June 15, 2026. The Fund aims to pay an annual distribution of 5% based on its trailing 12-month average ...
RoboStrategy, the first publicly traded closed-end fund focused on physical AI and robotics, saw its stock fall 15.35% on Wednesday after an initial surge fueled by retail investors. The fund launched on Nasdaq earlier this week, attracting heavy int...
