/EIN News/ -- RICHMOND HILL, Ontario, Aug. 24, 2018 (GLOBE NEWSWIRE) -- Lysander Funds Limited (“Lysander”), on behalf of Canso Select Opportunities Fund (TSE: SCW:UN) (the “Fund”) and Canso Select Opportunities Corporation (“CSOC or the Corporation”) (TSXV: CSOC), are pleased to announce that the previously-announced plan of arrangement involving the Fund and CSOC (the “Arrangement”) will close on September 4, 2018. Trading of Securities of the Fund and CSOC As a result of the closing of the Arrangement and pursuant to elections previously made, unitholders of the Fund will receive class A multiple voting shares (“Class A Multiple Voting Shares”) and/or class B subordinate voting shares (“Class B Subordinate Voting Shares”) of CSOC in exchange for units of the Fund previously held. As of August 31, 2018, the units of the Fund will delist from the Toronto Stock Exchange and effective as … [Read more...] about Canso Select Opportunities Fund and Canso Select Opportunities Corporation Announce the Closing of the Arrangement and Provide Additional Information on Canso Select Opportunities Corporation
Corporation tax act 2010
Congressman Randy Hultgren stood firm in his support for the federal tax overhaul despite fervent booing from more than 150 constituents in a forum at the McHenry County Administrative Building Monday night. Constituents asked why the 14th District congressman voted "to give tax cuts to the wealthy at the expense of the rest of us." The loaded question referred to a vote Hultgren cast last November when the House passed its version with a 227-205 vote. Hultgren also supported the amended version compromised with the Senate in a 224-201 vote in December. Hultgren told the audience he's not seeing an unbalanced benefit of the cuts flooding to the wealthy at the expense of everyone else. The act helped transform the No. 1 issue when Hultgren first won the seat in 2010, unemployment, into a positive, he said."I'm so encouraged by the growth we're seeing," Hultgren said. "I see so many people who are working. Anything we can do to grow this economy is really important."The forum was … [Read more...] about ‘Are you better off now?’ Hultgren asks audience about tax cuts. ‘No,’ most say.
By Thomas J. Healey Now that the dust has settled from the state budget, it is time to look at next year. In the letter accompanying his proposed fiscal 2019 budget, Gov. Phil Murphy assured the public "we are beginning our climb out of a deep hole." There is no question New Jersey's finances have been perennially bleak, weighed down by oppressive public employee benefits costs and no less than 11 downgrades on its general obligation bonds from 2010 through 2017. But an examination of the budgetary numbers for the following year seem more indicative of business as usual in Trenton than the fiscal reawakening trumpeted by the new governor. They show, based on current and projected revenue and expenditure data, that the state is already staring at a potential deficit of at least $600 million in 2020 -- with the prospect of even higher taxes and spending cuts needed to close a widening gap. For 2020, the real cause for concern is the anticipated … [Read more...] about N.J.’s bleak fiscal outlook is about to get worse. Are more taxes the solution?
ROSEMONT, Ill., July 17, 2018 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust” or “the Company”) (Nasdaq:WTFC) announced net income of $89.6 million or $1.53 per diluted common share for the second quarter of 2018 compared to net income of $82.0 million or $1.40 per diluted common share for the first quarter of 2018 and $64.9 million or $1.11 per diluted common share for the second quarter of 2017. The Company recorded net income of $171.6 million or $2.93 per diluted common share for the first six months of 2018 compared to net income of $123.3 million or $2.11 per diluted common share for the same period of 2017. Highlights of the Second Quarter of 2018 *: Total assets increased by $1.0 billion from the prior quarter and now total $29.5 billion. Total deposits increased $1.1 billion from the prior quarter to $24.4 billion with non-interest bearing deposit accounts comprising 27% of total deposits. Total loans increased by $548 million from … [Read more...] about Wintrust Financial Corporation Reports Record Second Quarter 2018 Net Income, an Increase of 38% Over Prior Year, and Year-to-Date Net Income of $171.6 million, an Increase of 39% Over Prior Year
By Antoinette Siu, CALmatters | CALmatters PUBLISHED: July 17, 2018 at 5:22 am | UPDATED: July 17, 2018 at 5:26 am As President Trump’s massive tax overhaul takes effect, Democratic state lawmakers are refining and advancing a plan they insist will protect California taxpayers from higher federal tax bills. The federal government last year set a cap of $10,000 on state and local property tax deductions, a deduction about a third of Californians claim. Taxpayers in states with high taxes and property values are likely to get hit hardest from the loss of these deductions, which high earners rely on to reduce the taxes they owe Uncle Sam. Lambasting the move by Trump and the GOP-controled Congress as an attack on high-taxed blue states, California Democrats hit upon a supposed workaround to the deduction limit. Under the pending legislation, the state would change its laws, the theory goes, to offer Californians the option of making a donation to a state or local government or … [Read more...] about Can Democrats shield Californians from new GOP tax law — despite IRS opposition?