The Gabelli Utility Trust Board approved monthly cash distributions of $0.05 per share for July, August, and September 2026, maintaining its fixed monthly payout policy. The Fund's shares currently trade at a premium to net asset value, which the Board believes is unsustainable. Distributions may include income, capital gains, or return of capital, with tax implications varying accordingly. The Fund will review distribution levels quarterly and may adjust in December to meet regulatory requirements. Investors should consider the Fund's objectives and risks before investing.
Cerebras Systems, an AI chip maker based in Sunnyvale, California, is set to go public on Nasdaq under the ticker CBRS on May 14, 2026, marking the first IPO from TSG Invest's Venture 50 Index. The company raised its IPO price range to $150-$160 per ...
Nokia shares climbed 3.87% in premarket trading following the launch of new agentic AI capabilities aimed at improving home and broadband networks. The AI tools are designed to automate troubleshooting, enhance network operations, and accelerate fibe...
NevGold Corp. has increased its brokered private placement financing from C$25 million to over C$42 million due to strong institutional demand. The Vancouver-based junior miner is developing the Limousine Butte gold-antimony project in Nevada, target...
PMGC Holdings Inc. acquired A&B Aerospace, a precision-machining company serving aerospace and defense markets, for $4.5 million. This marks PMGC's fifth acquisition in 12 months and supports its strategy to build an AS9100D-certified CNC machining p...
Quantum Cyber has secured an exclusive license for BP United's autonomous drone technology, including a sky defense platform capable of over 25 km range and fully autonomous operations. This move positions Quantum Cyber to capitalize on the Trump adm...
