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CBOE to Launch S&P 500® Annual Dividend Index Options on Tuesday, May 25, 2010
May 14, 2010--CBOE to Launch S&P 500® Annual Dividend Index Options on Tuesday, May 25, 2010
Ticker symbol: DIVD
Settles to the S&P 500 Annual Dividend Index
Dec 2010 and Dec 2011 initial expirations
DIVD options can be traded up to 15 years out as FLEX® options
The S&P 500 Annual Dividend Index represents the ordinary cash dividends paid by corporations included in the S&P 500 Index, accumulated over an annual accrual period. Options on the index allow investors to hedge or gain exposures to the dividend risk of the S&P 500 Index and to implement trading strategies based on fundamental earnings forecasts.
For contract specifications, historical values and more, see www.cboe.com/DIVD
Source: CBOE
Hedge funds, private equity expect tax hike
May 14, 2010--Private equity, real estate and hedge fund managers are increasingly resigned to a tax increase on their profits as lawmakers get set to vote next week on a long-delayed measure.
At issue is a change in the tax treatment of profits earned by partnership fund managers, known as "carried interest." The measure would treat the profits as ordinary income subject to a 35 percent rate, more the double the 15 percent rate they are currently taxed at as capital gains.
The tax change, which lobbyists have managed to beat back for three years, has gained steam as lawmakers hunt for revenue to fund other popular tax breaks for business that have expired. Many lobbyists and former opponents now see passage of an increase as inevitable.
"Many people are resigned because it is round four," said Francois Hechinger, a partner at BDO Seidman advising private equity and venture capital clients.
read more
Source: Reuters
CFTC.gov Commitments of Traders Reports Update
May 14, 2010--The CFTC.gov Commitments of Traders Reports has been updated.
View the report for the week of May 10th, 2010.
Source: CFTC.gov
Northern Trust files with the SEC
May 14, 2010-- NT ETF Trust has filed an application for exemptive relief with the SEC.
view filing
Source: SEC.gov
AdvisorShares files with the SEC
May 14, 2010--AdvisorShares has filed an amended application for exemptive relief for
WCM/BNY Mellon Focused Growth ADR ETF.
view filing
Source: SEC.gov
