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28-03-2012 10:00 Matomy Media Group company presentation. For more information http://www.matomy.com https
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Matomy Media Group - Game Changing Results in Global Digital Advertising - Video
28-03-2012 11:55 At Cherry Blossom Festival 2012 I go backstage to interview Digital Underground which was phenomenal. RIP Tupac. Stay tuned to the Ask Diamond Show..I'll Hollaaa!!!!
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Digital Underground on the Ask Diamond Show - Video
By Tommy Wilkes
LONDON (Reuters) - Laxey Partners is calling on Alliance Trust to raise its dividend, the latest move by the Isle of Man-based hedge fund to try to shake up performance at one of Britain's largest investment trusts.
In a letter addressed to the trust's chairman Lesley Knox, Laxey said Alliance will be in a position to pay larger dividends when new tax rules come into force allowing some investment trusts to pay realized capital gains as dividends for the first time.
Laxey, which has waged a campaign dating back to 2010 to try and force Alliance to boost shareholder value, is upping its pressure on the trust to improve performance ahead of its annual general meeting next month.
Earlier this month, it put forward a resolution to fellow shareholders demanding the trust consider outsourcing management of its 2.9 billion pound portfolio of assets, and criticizing the performance of Alliance as "completely unacceptable."
Alliance Trust said on Thursday in response it had already hiked its dividend by 7 percent last year, the largest annual rise in two decades. Laxey also gave an example of how Alliance could increase its dividend by paying out all 2011 earnings per share and realized capital gains as a dividend.
"The example given by Laxey makes Greek finances look prudent," a spokesperson for the trust said.
Last year Alliance defeated a controversial shareholder resolution pushed by Laxey to set up an automatic buyback policy, which would have been triggered when a discount of its shares to net asset value fell below 10 percent.
A discount to net asset value occurs when the market places a lower value on a company - measured by its share price - than the value of its component assets. This is often because investors believe those assets are poorly managed or illiquid, and so their full value is not reflected in the shares.
Many investment trusts trade at such a discount, but few as wide as Alliance.
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Hedge fund Laxey urges dividend hike at Alliance Trust
WASHINGTON--(BUSINESS WIRE)--
Disabled Veterans National Foundation, a non-profit veterans service organization dedicated to meeting the needs of men and women who return home after selflessly serving the country, is urging businesses to take advantage of the tax credits available to them for hiring veterans.
Under the VOW to Hire Heroes Act of 2011, for-profit companies can receive a tax credit of up to $9,500, and tax-exempt organizations a tax credit of up to $6,240, for employing a veteran. The amount varies based on the length of time the veteran has been unemployed, and the amount of first-year wages that will be paid.
DVNF, which provides career assistance to veterans, with particular focus on women veterans and those disabled by their service, is increasing its efforts to educate employers about the benefits of providing jobs to men and women who have returned to civilian life after military duty.
While our initial goal was to assist Veterans with finding and securing jobs, we recognize that employers need support as well, said Raegan Rivers, Chief Administrative Officer of the DVNF. We have resources on our website to help Veterans, and we are available to partner with companies and small businesses to help them connect with Veterans who match their employee needs, and also illustrate to them their benefits for hiring veterans.
The VOW to Hire Heroes Act provides employers with a number of benefits, including:
A tax credit of $5,600 for hiring veterans who have been looking for a job for more than six months, as well as a $2,400 credit for veterans who are unemployed for more than four weeks, but less than six months; and
A tax credit of up to $9,600 for hiring veterans with service-connected disabilities who have been looking for a job for more than six months.
Go here for more information about benefits for employers provided by this Act.
About DVNF: Our Foundation exists to change the lives of men and women who came home wounded or sick after defending our safety and our freedom. A nonprofit 501(c)(3), DVNF was founded in the fall of 2007 by six women veterans to expand their scope of work within the veteran's community. For more information, visit http://www.dvnf.org.
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DVNF Urges Businesses to Take Advantage of Financial Benefits and Tax Credits Available to Them for Hiring Veterans