Welcome to our dedicated page for Ss&C Technologies news (Ticker: SSNC), a resource for investors and traders seeking the latest updates and insights on Ss&C Technologies stock.
SS&C Technologies Holdings, Inc. reports developments across investment, financial and healthcare software, technology-enabled services and enterprise automation. Recurring updates include quarterly earnings, cash flow and leverage commentary, product launches such as SS&C Blue Prism WorkHQ, and AI governance initiatives for regulated enterprises.
Company news also covers SS&C GlobeOp fund administration data, including hedge fund redemption and capital movement indicators, as well as client deployments involving managed IT services, fund administration, middle- and back-office operations, investor services and regulatory reporting.
Principal Real Estate Income Fund (PGZ), listed on the NYSE, has announced monthly distributions of $0.105 per share, with an annualized distribution rate of 11.11% based on the current NAV of $11.34 as of June 26, 2024. The distribution dates are set for August 30, September 30, and October 31, 2024. Investors are advised to consider the risks, including potential loss of investment and exposure to below-investment-grade investments. Share prices may fluctuate due to the Fund's use of leverage and market conditions. Additional details and tax information will be provided in early 2025 via Form 1099-DIV. For full reports and more information, visit www.principalcef.com.
SS&C Technologies Holdings (Nasdaq: SSNC) has announced a strategic partnership with Marlborough's Investment Fund Services (IFS). This arrangement includes SS&C providing fund accounting, middle-office, and transfer agency services for over GBP 16 billion in assets. Approximately 90 IFS staff members will transition to SS&C, continuing to work from Marlborough’s Bolton office, which will be designated as a 'centre of excellence'. This partnership aims to enhance service efficiency and compliance, leveraging SS&C's advanced technology. The collaboration is expected to drive growth and improve investor outcomes.
SS&C Technologies Holdings (NASDAQ: SSNC) is expanding its fund administration business in India by opening a new office in Gujarat International Finance Tec-City (GIFT City). Licensed by the International Financial Services Centres Authority, SS&C GlobeOp will offer fund administration and compliance services to alternative investment funds and other funds in the zone. Arun Baldwa will lead the office. SS&C manages over $19 billion in assets in India and has 12 offices employing 7,500 staff. This expansion aims to capitalize on the rapid growth of the fund management industry in GIFT City, which has attracted over 80 fund managers with commitments exceeding $30 billion in the past three years.
SS&C Technologies Holdings (Nasdaq: SSNC) announced its participation in two upcoming investor conferences. On June 11, 2024, CFO Brian Schell will present at the 2024 RBC Capital Markets Financial Technology Conference at The Lotte New York Palace Hotel, New York, at 1:20 PM ET. Additionally, on June 13, 2024, President and COO Rahul Kanwar, along with CFO Brian Schell, will attend the Jefferies Global Fintech Conference at the Park Hyatt Hotel in New York, engaging in one-on-one and group meetings. A webcast of these events will be available on SS&C's investor relations website.
SS&C Technologies (Nasdaq: SSNC) will participate in William Blair's 44th Annual Growth Stock Conference on June 5, 2024, in Chicago. Brian Schell, EVP and CFO, will present at 8:40 AM CT.
The event will be held at the Loews Chicago Hotel, and a webcast will be available on the company's investor relations website.
SS&C Technologies Holdings (Nasdaq: SSNC) announced a quarterly dividend of $0.24 per share.
The dividend will be paid on June 17, 2024, to shareholders who are registered as of June 3, 2024.
This announcement aligns with SS&C's consistent quarterly dividend policy.
SS&C Technologies Holdings (Nasdaq: SSNC) announced that senior management will participate in the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference. The event will be held on May 20, 2024, at the Westin Boston Seaport District in Boston, Massachusetts. Bill Stone, Chairman and CEO, will present at 3:10 pm ET. Webcasts will be available on the company's investor relations website. Founded in 1986 and headquartered in Windsor, Connecticut, SS&C provides software and services for the financial services and healthcare industries, boasting a client base of 20,000 organizations worldwide, from large enterprises to mid-market firms.
On May 15, 2024, Alerian MLP ETF (AMLP) announced an adjustment to its estimated deferred tax liability, recording an additional $32.1 million ($0.18 per share) in tax accrual, effective May 16, 2024. This increase is due to tax reporting from underlying investments, indicating that more future gains will be treated as ordinary income rather than capital gains. The Fund relies on delayed information from MLPs to estimate deferred tax liability, which can lead to significant variations in NAV calculations. The Fund's tax status as a C further impacts its NAV, as it accrues deferred tax liabilities daily. Investors are advised to consider the Fund's tax implications and risk factors carefully before investing.
The Alerian MLP ETF (NYSE Arca: AMLP) declared its second quarter 2024 distribution of $0.94 on May 8, 2024, payable on May 14, 2024, to shareholders of record on May 10, 2024. The fund focuses on energy infrastructure investments, subject to sector-specific risks and regulatory changes. Shareholders receive a single Form 1099 for tax purposes, with potential tax implications due to MLP classification changes. The fund follows a passive management investment approach, aiming to mirror its underlying index performance.
The Alerian Energy Infrastructure ETF (NYSE Arca: ENFR) declared its second-quarter 2024 distribution of $0.34117, payable on May 14, 2024, to shareholders of record on May 10, 2024. The ex-date is May 9, 2024. The fund invests primarily in the energy infrastructure sector and Canadian securities, subjecting it to risks related to regulatory changes, extreme weather, and currency exchange rates. It follows a passive investment approach and is managed by ALPS Advisors, Inc. Investors should consider the investment objectives, risks, charges, and expenses before investing.