NEW YORK, NY–(Marketwire – May 4, 2009) – The Annual Closed-End Fund & ETF Awards, an initiative of Capital Link, a New York-based investor relations and financial communications firm with a strategic focus on CEFs and ETFs, aim to identify and recognize annually those fund sponsors and executives who consistently apply high standards of financial disclosure, investor and shareholder relations and innovation.
Nicolas Bornozis, President of Capital Link, mentioned that the CEF & ETF Awards are based on nominations by a committee of analysts and industry specialists who actively follow CEFs and ETFs. Capital Link is not part of the Nominating Committee. The Awards are presented within the context of the 8th Annual Capital Link Forum on Closed-End Funds & Global ETFs that took place on Wednesday, April 29 in New York City.
CLOSED-END FUND AWARDS – 2008 WINNERS
The Most Innovative New Closed-End Fund in 2008 Award was presented to BlackRock by Mr. Lawrence Leibowitz, Group Executive Vice President, Head of US Markets and Global Technology, NYSE Euronext. Member of NYSE Euronext Management Committee
Mr. Brian D’Anna, Vice President, Product Management and Development at BlackRock, stated: “It is especially gratifying to receive this award from such a distinguished panel of industry analysts. BlackRock is dedicated to the continued innovation of both product structure and composition, and BlackRock Defined Opportunity Credit Trust (BHL) is an excellent example of creating a product structure that appropriately matches the unique long-term investment opportunity in the credit markets.”
The Best Shareholder Relations by a non-US Closed-End Fund Family in 2008 Award was presented to Aberdeen Management by Mr. Dennis Emanuel, Managing Director of CEF & ETF Research from Citigroup.
Mr. Tim Sullivan, Vice President, Head of Product Development, Aberdeen Asset Management, who accepted the award, stated: “At Aberdeen we are honoured to be recognized by our peers for our commitment to shareholder communications, which we believe is essential to corporate governance. This award comes at an important time as we are preparing to welcome the shareholders of five Credit Suisse closed-end funds in a transaction that, pending shareholder approval, is expected to be completed July, 1, 2009.”
The Best Shareholder Relations by a US Equity Closed-End Fund Family in 2008 Award was presented for the fourth year in a row to Eaton Vance Investment Managers by Mr. Alexander Reiss, Analyst Closed-End Fund Equity Research, Stifel Nicolaus.
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