More business leaders are speaking out , with tech executives the most prominent. There is no new prosperity without both. Deeply disappointed by this proclamation. They are contributing to this country at a time when we need them most. In my experience, these skillsets are net job creators. Visa reform makes sense, but this is too broad. The suspension sparked outrage in India , where three-quarters of H-1B visa holders come from. Anthony Fauci, told House lawmakers yesterday that the next few weeks would be crucial in dealing with a spike in cases in states like Arizona , Florida and Texas.
Ocasio-Cortez tweeted. Records set by the Nasdaq highlight how the performance of big tech stocks has diverged sharply from the rest of the market. Some companies are giving executives big bonuses before filing for bankruptcy.
Baseball will return. But as lockdowns drag on, can that last? And if so, at what cost? Processes that managers took for granted seem less essential now , from long meetings to regular status updates. And that — along with the disappearance of commutes and office-based distractions — means workers can get more done, a host of companies told David.
Home-based distractions are another matter, of course. But there is a downside. Managers are worried about the effects of isolation, decaying social capital and lack of camaraderie. Mental health is a particular concern, David tells us, and he dug into his notebook for some extra material about it, based on his reporting:.
To combat the risk of burnout, many employers are offering virtual mental health offerings to remote workers. Early in the crisis, Salesforce also started a daily mental health call, and was encouraging employees to develop a daily meditation, mindfulness or prayer practice. Thank you! This week, many of us who work in this organizing universe participated in the Facing Race national conference. It can also be about the constant need for renewal within social movements.
In this moment of reconstruction,we have an opportunity to not only push forward our worldview of equality, but to dream big and push the edge of possibility. Click here for ways to get involved with a chapter near you. Be well and take care until next time. Dawn is a board member and has been with the organization for over 7 years. Greene, and ironically, for the Guilani and Bloomberg administration. This has driven her work to protect people from the harmful effects of gentrification, illegal evictions, environmental racism, and make fair housing a reality.
Dawn Laguerre. Dawn is a rock for so many of us in the movement in Central New York. Our Central New York chapter launched a letter campaign this week urging the Utica Common Council to restore term limits to reflect the will of the voters. Utica voters, in a referendum, voted overwhelmingly to set term limits at 8 consecutive years in office.
In , the Utica Common Council voted to overturn the will of the people and extend term limits for themselves and other elected officials to 12 consecutive years in office. Click here for more information. Sign this petition to get money to child care programs without delay!
|Online jobs on facebook without investment||Investment Objective: The Fund's objective is sustainable nys infrastructure investment activists and capital appreciation with positive returns in all market conditions. While the Fund attempts to deter market timing, there is no assurance that it will be able to identify and eliminate all market timers. This leveraging effect enables the investor to gain exposure to the underlying security with a relatively low capital investment. Security prices in general may decline over short or even extended periods of time. Variable Amount Master Demand Notes.|
|Tax sheltered investments 2021 nba||Inverse ETFs are funds designed to rise in nys infrastructure investment activists when stock prices are falling. Fund since its inception. Redemption Fee. Securities rated below investment shakeaway franchise investment, i. Additional risks include less publicly available information, less government supervision and regulation of foreign securities exchanges, brokers and issuers, the risk that companies may not be subject to the accounting, auditing and financial reporting standards and requirements of U. Manager-of-Managers Order. The sub-advisor continually re-evaluates allocations in order to optimize risk-adjusted return.|
|Creative investment company names||You may be prohibited or restricted from making future purchases in the Fund. The performance of kulczyk investments sacramento Nys infrastructure investment activists Opportunity Fund has not been audited. You may be nys infrastructure investment activists to provide sufficient information to establish eligibility to convert to the new share class. Copies of the Prospectus may be obtained at no charge from the Trust by writing to the above address or calling The liability will be extinguished upon expiration of the option, the purchase of an identical option in a closing transaction, or delivery of the underlying security upon the exercise of the option. It is proposed that this filing will become effective:.|
|Forex for ambitious beginners pdf||Tigue holds a master's degree in journalism from the Missouri School of Journalism. If you believe there are cumulative quantity discount eligible shares that can be combined with your current purchase to achieve nys infrastructure investment activists sales charge breakpoint, you must, at the time of your purchase including at the time of any future purchase specifically identify those shares to your current purchase broker-dealer. Class C. Visa reform makes sense, but this is too broad. Total Annual Fund Operating Expenses. Redemption of shares of the Fund that require it to sell zero coupon securities prior to maturity may result in capital gains or losses that may be substantial. Include the Fund name and account number.|
Your request, in proper form, should be addressed to:. Include the Fund name and account number;. Include the account name s and address;. State the dollar amount or number of shares you wish to redeem; and. Be signed by all registered share owner s in the exact name s and any special capacity in which they are registered.
The Fund may require that the signatures be guaranteed if you request the redemption check be mailed to an address other than the address of record, or if the mailing address has been changed within 30 days of the redemption request.
Signature guarantees are for the protection of shareholders. You can obtain a signature guarantee from most banks and securities dealers, but not from a notary public. For joint accounts, both signatures must be guaranteed. Please call the transfer agent at if you have questions. At the discretion of the Fund, you may be required to furnish additional legal documents to insure proper authorization.
By Telephone. You may redeem any part of your account in the Fund by calling the transfer agent at You must first complete the Optional Telephone Redemption and Exchange section of the investment application to institute this option.
The Fund, the transfer agent and the custodian are not liable for following redemption instructions communicated by telephone to the extent that they reasonably believe the telephone instructions to be genuine. However, if they do not employ reasonable procedures to confirm that telephone instructions are genuine, they may be liable for any losses due to unauthorized or fraudulent instructions.
Procedures employed may include recording telephone instructions and requiring a form of personal identification from the caller. The Fund may terminate the telephone redemption procedures at any time. During periods of extreme market activity it is possible that shareholders may encounter some difficulty in telephoning the Fund, although neither the Fund nor the transfer agent have ever experienced difficulties in receiving and in a timely fashion responding to telephone requests for redemptions or exchanges.
If you are unable to reach the Fund by telephone, you may request a redemption or exchange by mail. Additional Information. If you are not certain of the requirements for redemption please call the transfer agent at Redemptions specifying a certain date or share price cannot be accepted and will be returned.
You will be mailed the proceeds on or before the fifth business day following the redemption. You may be assessed a fee if the Fund incurs bank charges because you request that the Fund re-issue a redemption check. Also, when the NYSE is closed or when trading is restricted for any reason other than its customary weekend or holiday closing or under any emergency circumstances, as determined by the Securities and Exchange Commission, the Fund may suspend redemptions or postpone payment dates.
You may increase the value of your shares in the Fund to the minimum amount within the day period. All shares of the Fund are also subject to involuntary redemption if the Board of Trustees determines to liquidate the Fund. An involuntary redemption will create a capital gain or a capital loss, which may have tax consequences about which you should consult your tax advisor. Exchange Privilege. You may exchange shares of a particular class of the Fund only for shares of the same class of another Catalyst Fund including for shares of other Catalyst Funds offered in other prospectuses.
Shares of the Fund selected for exchange must be available for sale in your state of residence. You must meet the minimum purchase requirements for the fund you purchase by exchange. For tax purposes, exchanges of shares involve a sale of shares of the Fund you own and a purchase of the shares of the other fund , which may result in a capital gain or loss. Converting Shares. Shareholders of the Fund may elect on a voluntary basis to convert their shares in one class of the Fund into shares of a different class of the Fund, subject to satisfying the eligibility requirements for investment in the new share class.
Shares may only be converted into a share class with a lower expense ratio than the original share class. An investor may directly or through his or her financial intermediary contact the Fund to request a voluntary conversion between share classes of the Fund as described above. You may be required to provide sufficient information to establish eligibility to convert to the new share class.
All permissible conversions will be made on the basis of the relevant NAVs of the two classes without the imposition of any sales load, redemption fee or other charge. A share conversion within the Fund will not result in a capital gain or loss for federal income tax purposes.
The Fund may change, suspend or terminate this conversion feature at any time. Because these fees are paid out of Fund assets on an ongoing basis, over time these fees will increase the cost of your investment and may cost you more than paying other types of sales charges. The Fund is currently paying up to 0.
If authorized by the Board of Trustees and upon notice to shareholders, the Fund may increase the percentage paid under the Plan up to the Class A 12b-1 Fee amount. All or a portion of the distribution and services fees may be paid to your financial advisor for providing ongoing services to you.
The Fund's assets are generally valued at their market value. For example, if trading in a portfolio security is halted and does not resume before the Fund calculates its NAV, the Advisor may need to price the security using the Fund's fair value pricing guidelines. Without a fair value price, short term traders could take advantage of the arbitrage opportunity and dilute the NAV of long term investors.
Securities trading on overseas markets present time zone arbitrage opportunities when events affecting portfolio security values occur after the close of the overseas market, bur prior to the close of the U. Fair valuation of the Fund's securities can serve to reduce arbitrage opportunities available to short term traders, but there is no assurance that fair value pricing policies will prevent dilution of the Fund's NAV by short term traders. The Fund may use pricing services to determine market value.
The NAV for the Fund investing in other investment companies is calculated based upon the NAV of the underlying investment companies in its portfolio, and the prospectuses of those companies explain the circumstances under which they will use fair value pricing and the effects of using fair value pricing. Dividends and Distributions. The Fund typically distributes substantially all of its net investment income in the form of dividends and taxable capital gains to its shareholders.
These distributions are automatically reinvested in the applicable Fund unless you request cash distributions on your application or through a written request to the Fund. The Fund expects that its distributions will consist of both capital gains and dividend income.
The Fund may make distributions of its net realized capital gains after any reductions for capital loss carry forwards annually. In general, selling shares of the Fund and receiving distributions whether reinvested or taken in cash are taxable events. Depending on the purchase price and the sale price, you may have a gain or a loss on any shares sold. Any tax liabilities generated by your transactions or by receiving distributions are your responsibility.
You may want to avoid making a substantial investment when the Fund is about to make a taxable distribution because you would be responsible for any taxes on the distribution regardless of how long you have owned your shares. The Fund may produce capital gains even if it does not have income to distribute and performance has been poor. Early each year, the Fund will mail to you a statement setting forth the federal income tax information for all distributions made during the previous year.
If you do not provide your taxpayer identification number, your account will be subject to backup withholding. The tax considerations described in this section do not apply to tax-deferred accounts or other non-taxable entities. For taxable years beginning after December 31, , certain U. The Advisor was formed on January 24, Management of mutual funds, including the Fund, is its primary business.
David Miller has served as senior portfolio manager of Catalyst since co-founding the firm in He has been responsible for the day-to-day management of the Activist Investor Fund and Insider Income Fund since their inceptions. Prior to founding the Sub-Advisor, Mr. The Investment Catalyst newsletter worked to identify undervalued stocks with a near term catalyst for appreciation.
Miller was a trader with UBS, working on the equity derivatives desk from July until December In addition to serving as investment sub-advisor to the Fund, it provides investment advice and investment management services to individuals and trusts. In addition, the Sub-Advisor is responsible for maintaining certain transaction and compliance related records of the Fund.
He has co-managed portfolios using the Absolute Total Return Strategy since Blau has also served as a portfolio manager for Westport Resources Management since Blau taught Management, Statistics, Entrepreneurship, and Psychology at Sacred Heart University from to , University of Bridgeport from to , and Fairfield University from to He holds a B.
Sub-Advisor: Income Opportunity Fund. In addition to serving as the investment sub-advisor to the Fund, Stone Beach provides investment advice and oversees managed accounts. Portfolio Managers: Income Opportunity Fund. Lysenko is a Managing Principal, Chief Compliance Officer and Portfolio Manager and has served in these roles since founding the firm in From to , Mr.
From April to October , Mr. Before joining Bear Stearns, Mr. Smith served as an independent Management Consultant. Between and , Mr. Smith began his career in the MBS markets working as a derivative trader at Prudential Securities between and Sub-Advisor: Aggressive Growth Fund.
Groesbeck Investment Management Corp. In addition to serving as a Sub-Advisor, GIM provides investment advice to high net worth individuals, pension and profit sharing plans and charitable organizations. GIM is controlled by Robert Groesbeck. Robert P. He has served as portfolio manager of the Aggressive Growth.
Fund since its inception. Prior to founding GIM, Mr. Each Fund is authorized to pay the Advisor an annual fee based on its average daily net assets. The advisory fee is paid monthly. The following table describes the contractual advisory fee and the expense limitation for each Fund. Absolute Total Return Fund. Provided below is a the historical performance of the Absolute Total Return Composite, which includes of all client accounts managed by ATR with investment strategies and policies substantially similar to the Absolute Total Return Fund.
This information is provided to illustrate the past performance of ATR in managing client accounts in a substantially similar manner as the Absolute Total Return Fund but does not represent the performance of the Absolute Total Return Fund. Past performance is no guarantee of future results. Performance results may be materially affected by market and economic conditions.
Investors should not consider this performance data as an indication of future performance of the Total Return Income Fund, or the return an individual investor might achieve by investing in the Fund. The Absolute Total Return Composite has not been audited. Average Annual Total Returns for the periods ended December 31, Index returns shown reflect no deduction for fees, expenses or taxes. This information is provided to illustrate the past performance of Stone Beach in managing a private non-registered fund in a substantially similar manner as the Income Opportunity Fund but does not represent the performance of the Income Opportunity Fund.
Investors should not consider this performance data as an indication of future performance of the Income Opportunity Fund, or the return an individual investor might achieve by investing in the Fund. The Special Opportunity Fund is the only account managed by Stone Beach with investment strategies and policies substantially similar to the Income Opportunity Fund. The performance of the Special Opportunity Fund has not been audited.
June Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some, but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. The types of personal information we collect and share depends on the product or service that you have with us. This information can include:. Social Security number and wire transfer instructions.
Does Mutual Fund Series Trust share information? For our everyday business purposes - such as to process your transactions, maintain your account s , respond to court orders and legal investigations, or report to credit bureaus. For our marketing purposes - to offer our products and services to you.
For joint marketing with other financial companies. For our affiliates to market to you. For non-affiliates to market to you. What we do :. How does Mutual Fund Series Trust protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. Our service providers are held accountable for adhering to strict policies and procedures to prevent any misuse of your nonpublic personal information.
How does Mutual Fund Series Trust collect my personal information? We collect your personal information, for example, when you. We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. Federal law gives you the right to limit only:. State laws and individual companies may give you additional rights to limit sharing. Companies related by common ownership or control. They can be financial and non-financial companies.
Mutual Fund Series Trust has no affiliates. Companies not related by common ownership or control. Joint marketing. A formal agreement between nonaffiliated financial companies. Several additional sources of information are available to you. Call the Fund at to request free copies of the SAI, the annual report and the semi-annual report, to request other information about the Fund and to make shareholder inquiries. Call the SEC at for room hours and operation. Investment Company Act File No.
This SAI has been incorporated in its entirety into the Prospectus. Copies of the Prospectus may be obtained at no charge from the Trust by writing to the above address or calling The information in this SAI is not complete and may be changed. This SAI is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
The Trust Agreement permits the Trustees to issue an unlimited number of shares of beneficial interest of separate series without par value. Each Fund is separate non-diversified series of the Trust. The Trust does not issue share certificates. Each share of a series represents an equal proportionate interest in the assets and liabilities belonging to that series with each other share of that series and is entitled to such dividends and distributions out of income belonging to the series as are declared by the Trustees.
The shares do not have cumulative voting rights or any preemptive or conversion rights, and the Trustees have the authority from time to time to divide or combine the shares of any series into a greater or lesser number of shares of that series so long as the proportionate beneficial interest in the assets belonging to that series and the rights of shares of any other series are in no way affected.
In case of any liquidation of a series, the holders of shares of the series being liquidated will be entitled to receive as a class a distribution out of the assets, net of the liabilities, belonging to that series. Expenses attributable to any series are borne by that series. There can be no assurance that a series will grow to an economically viable size, in which case the Trustees may determine to liquidate the series at a time that may not be opportune for shareholders.
Any general expenses of the Trust not readily identifiable as belonging to a particular series are allocated by or under the direction of the Trustees in such manner as the Trustees determine to be fair and equitable. No shareholder is liable to further calls or to assessment by the Trust without his or her express consent.
Each share class represents an interest in the same assets of a Fund, has the same rights and is identical in all material respects except that i each class of shares may bear different distribution fees; ii each class of shares may be subject to different or no sales charges; iii certain other class specific expenses will be borne solely by the class to which such expenses are attributable; and iv each class has exclusive voting rights with respect to matters relating to its own distribution arrangements.
The Board of Trustees may classify and reclassify the shares of a Fund into additional classes of shares at a future date. As a matter of fundamental policy, the Funds may not:. This limitation is not applicable to investments in obligations issued or guaranteed by the U.
The following investment policies are not fundamental and may be changed by the Board without the approval of the shareholders of the Funds:. Rule A securities with registration rights are not considered to be illiquid;. No Fund will mortgage, pledge, hypothecate or in any manner transfer, as security for indebtedness, any assets of the Fund except as may be necessary in connection with permitted borrowings.
Margin deposits, security interests, liens and collateral arrangements with respect to transactions involving options, futures contracts, short sales, securities lending and other permitted investments and techniques are not deemed to be a mortgage, pledge or hypothecation of assets for purposes of this limitation;. No Fund will purchase any security while borrowings including reverse repurchase transactions representing more than one third of its total assets are outstanding.
From time to time, the Funds may take temporary defensive positions, which are inconsistent with a Fund's principal investment strategies, in attempting to respond to adverse market, economic, political, or other conditions. For example, a Fund may hold all or a portion of its assets in money market instruments, including cash, cash equivalents, U.
If a Fund invests in a money market fund, the shareholders of the Fund generally will be subject to duplicative management fees. Although a Fund would do this only in seeking to avoid losses, the Fund will be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. A Fund also may also. Unless restricted by the fundamental policies of any Fund, the following policies supplement the investment objective and policies of the Funds as set forth in the Prospectus.
Common Stocks. The Funds may invest in common stocks, which include the common stock of any class or series of domestic or foreign corporations or any similar equity interest, such as a trust or partnership interest. These investments may or may not pay dividends and may or may not carry voting rights. The Funds may also invest in warrants and rights related to common stocks. Investments in Small and Unseasoned Companies.
Unseasoned and small companies may have limited or unprofitable operating histories, limited financial resources, and inexperienced management. In addition, they often face competition from larger or more established firms that have greater resources. Securities of small and unseasoned companies are frequently traded in the over-the-counter market or on regional exchanges where low trading volumes may result in erratic or abrupt price movements.
To dispose of these securities, a Fund may need to sell them over an extended period or below the original purchase price. Investments by a Fund in these small or unseasoned companies may be regarded as speculative. Securities of Other Investment Companies. The Funds may invest in securities issued by other investment companies. Each Fund intends to limit its investments in accordance with applicable law or as permitted by an SEC rule or exemptive order.
Under certain sets of conditions, different sets of restrictions may be applicable. These expenses would be in addition to the advisory and other expenses that a Fund bears directly in connection with its own operations. Investment companies in which a Fund may invest may also impose a sales or distribution charge in connection with the purchase or redemption of their Shares and other types of commissions or charges.
Such charges will be payable by the Fund and, therefore, will be borne directly by Shareholders. Exchange Traded Funds. Each Fund may invest in a range of exchange-traded funds "ETFs". An ETF is an investment company that offers investors a proportionate share in a portfolio of stocks, bonds, commodities, currencies or other securities. Like individual equity securities, ETFs are traded on a stock exchange and can be bought and sold throughout the day.
To mirror the performance of a market index, an ETF invests either in all of the securities in the index or a representative sample of securities in the index. Some ETFs also invest in futures contracts or other derivative instruments to track their benchmark index. Unlike traditional indexes, which generally weight their holdings based on relative size market capitalization , enhanced or fundamentally weighted indexes use weighting structures that include other criteria such as earnings, sales, growth, liquidity, book value or dividends.
Some ETFs also use active investment strategies instead of tracking broad market. These risks could include those associated with small companies, illiquidity risk, sector risk, foreign and emerging market risk, short selling, leverage as well as risks associated with fixed income securities, real estate investments, and commodities. ETFs in which the Fund invests will not be able to replicate exactly the performance of the indices or sector they track because the total return generated by the securities will be reduced by transaction costs incurred in adjusting the actual balance of the securities.
In addition, the ETFs in which the Fund invests will incur expenses not incurred by their applicable indices. Certain securities comprising the indices tracked by the ETFs may, from time to time, temporarily be unavailable, which may further impede the ETFs' ability to track their applicable indices.
When a Fund invests in sector ETFs, there is a risk that securities within the same group of industries will decline in price due to sector-specific market or economic developments. If a Fund invests more heavily in a particular sector, the value of its shares may be especially sensitive to factors and economic risks that specifically affect that sector. Additionally, some sectors could be subject to greater government regulation than other sectors. Therefore, changes in regulatory policies for those sectors may have a material effect on the value of securities issued by companies in those sectors.
The sectors in which each Fund may be more heavily invested will vary. To offset the risk of declining security prices, the Funds may invest in inverse ETFs. Inverse ETFs are funds designed to rise in price when stock prices are falling. Inverse ETF index funds seek to provide investment results that will match a certain percentage of the inverse of the performance of a specific benchmark on a daily basis. For example, if an inverse ETFs current benchmark is the inverse of the Russell Index and the ETF meets its objective, the value of the ETF will tend to increase on a daily basis when the value of the underlying index decreases e.
ETFs or Inverse ETFs may employ leverage, which magnifies the changes in the underlying stock index upon which they are based. Any strategy that includes inverse or leveraged securities could cause a Fund to suffer significant losses. Closed-End Investment Companies. The Funds, together with any company or companies controlled by the Funds, and any other investment companies having a sub-adviser as an investment.
Typically, the common shares of closed-end funds are offered to the public in a one-time initial public offering by a group of underwriters who retain a spread or underwriting commission. Such securities are then listed for trading on a national securities exchange or in the over-the-counter markets. Because the common shares of closed-end funds cannot be redeemed upon demand to the issuer like the shares of an open-end investment company such as the Funds , investors seek to buy and sell common shares of closed-end funds in the secondary market.
There can be no assurance that a market discount on common shares of any closed-end fund will ever decrease. Similarly, there can be no assurance that the common shares of closed-end funds which trade at a premium will continue to trade at a premium or that the premium will not decrease subsequent to a purchase of such shares by the Funds.
The Funds may also invest in preferred shares of closed-end funds. An investor in the Funds should recognize that he may invest directly in closed-end funds and that by investing in closed-end funds indirectly through the Funds he will bear not only his proportionate share of the expenses of the Funds including operating costs and investment advisory and administrative fees but also, indirectly, similar fees of the underlying closed-end funds. An investor may incur increased tax liabilities by investing in the Funds rather than directly in the underlying funds.
Otherwise it will be forced to dissolve and return the assets held in the trust to the public stockholders. However, if a letter of intent is signed within 18 months, the SPAC can close the transaction within 24 months. When a deal is proposed, a shareholder can stay with the transaction by voting for it or elect to sell his shares in the SPAC if voting against it.
SPACs are more transparent than private equity as they may be subject to certain SEC regulations, including registration statement requirements under the Securities Act of and K, Q and 8-K financial reporting requirements.
Since SPACs are publicly traded, they provide limited liquidity to an investor i. Options on Securities. Each Fund may purchase put or call options on equity securities including securities of ETFs. Each Fund may also write call options and put options on stocks only if they are covered, as described below, and such options must remain covered so long as the Fund is obligated as a writer.
So long as the obligation of the writer seller of a call option continues, the writer may be assigned an exercise notice by the broker-dealer through whom such option was sold, requiring the writer to deliver the underlying security against payment of the exercise price.
This obligation terminates upon the expiration of the call option, or such earlier time at which the writer effects a closing purchase. The purpose of writing covered call options is to generate additional premium income for a Fund. Covered call options will generally be written on securities which, in the opinion of the Advisor, are not expected to make any major price moves in the near future but which, over the long term, are deemed to be attractive investments for the particular Fund.
In addition, a Fund will not permit the call to become uncovered without segregating liquid assets as described above prior to the expiration of the option or termination through a closing purchase transaction as described below. If a Fund writes a call option, the purchaser of the option has the right to buy and the Fund has the obligation to sell the underlying security at the exercise price throughout the term of the option. There can be no assurance that a closing purchase transaction can be effected at any particular time or at all.
A Fund would not be able to effect a closing purchase transaction after it had received notice of exercise. When writing a covered call option, a Fund, in return for the premium, gives up the opportunity for profit from a price increase in the underlying security above the exercise price, but retains the risk of loss should the price of the security decline.
Unlike one who owns securities not subject to an option, a Fund has no control over when the Fund may be required to sell the underlying securities, since it may be assigned an exercise notice at any time prior to the expiration of its obligation as a writer. If a call option which a Fund has written expires, the Fund will realize a gain in the amount of the premium; however, such gain may be offset by a decline in the market value of the underlying security during the option period.
If the call option is exercised, the Fund will realize a gain or loss from the sale of the underlying security. The premium received is the market value of an option. The premium a Fund will receive from writing a call option will reflect, among other things, the current market price of the underlying security, the relationship of the exercise price to such market price, the historical price volatility of the underlying security, and the length of the option period.
Once the decision to write a call option has been made, the Advisor, in determining whether a particular call option should be written on a particular security, will consider the reasonableness of the anticipated premium and the likelihood that a liquid secondary market will exist for such option.
The liability will be extinguished upon expiration of the option, the purchase of an identical option in a closing transaction, or delivery of the underlying security upon the exercise of the option. Closing transactions will be effected in order to realize a profit on an outstanding call option, to prevent an underlying security from being called, or to permit the sale of the underlying security.
Furthermore, effecting a closing transaction will permit a Fund to write another call option on the underlying security with either a different exercise price or expiration date or both. If a Fund desires to sell a particular security from its portfolio on which it has written a call option, and it does not wish to segregate cash or other liquid assets equal in value to the exercise.
There is, of course, no assurance that a Fund will be able to effect such closing transactions at a favorable price. A Fund will pay transaction costs in connection with the writing of options to close out previously written options.
Such transaction costs are normally higher than those applicable to purchases and sales of portfolio securities. The exercise price of the options may be below, equal to, or above the current market values of the underlying securities at the time the options are written. From time to time, a Fund may purchase an underlying security for delivery in accordance with an exercise notice of a call option assigned to the Fund, rather than delivering such security from its portfolio.
In such cases, additional costs will be incurred. A Fund will realize a profit or loss from a closing purchase transaction if the cost of the transaction is less or more than the premium received from the writing of the option. It is possible that the cost of effecting a closing transaction may be greater than the premium received by a Fund for writing the option.
Because increases in the market price of a call option will generally reflect increases in the market price of the underlying security, any loss resulting from the purchase of a call option is likely to be offset in whole or in part by appreciation of the underlying security owned by a Fund. In order to write a call option, a Fund is required to comply with OCC rules and the rules of the various exchanges with respect to collateral requirements.
A Fund may also purchase put options so long as they are listed on an exchange. If a Fund purchases a put option, it has the option to sell the subject security at a specified price at any time during the term of the option. Purchasing put options may be used as a portfolio investment strategy when the Advisor perceives significant short-term risk but substantial long-term appreciation for the underlying security.
The put option acts as an insurance policy, as it protects against significant downward price movement while it allows full participation in any upward movement. If a Fund is holding a stock that the Advisor feels has strong fundamentals, but for some reason may be weak in the near term, it may purchase a listed put on such security, thereby giving itself the right to sell such security at a certain strike price throughout the term of the option.
Consequently, a Fund will exercise the put only if the price of such security falls below the strike price of the put. If the price of the underlying security increases, the profit a Fund realizes on the sale of the security will be reduced by the premium paid for the put option less any amount for which the put may be sold.
If a Fund writes a put option, the purchaser of the option has the right to sell and the Fund has the obligation to buy the underlying security at the exercise price throughout the term of the option. A Fund may purchase a call option or sell a put option on a stock including securities of ETFs it may purchase at some point in the future.
The purchase of a call option or sale of a put option is viewed as an alternative to the purchase of the actual stock. The number of option contracts purchased multiplied by the exercise price times the option multiplier will normally not be any greater than the number of shares that would have been purchased had the underlying security been purchased. If a Fund purchases a call option, it has the right but not the obligation to purchase and the seller has the obligation to sell the underlying security at the exercise price throughout the term of the option.
If during the period of the option the market price of the underlying security remains at or below the exercise price, a Fund will be able to purchase the security at the lower market price. The profit or loss a Fund may realize on the eventual sale of a security purchased by means of the exercise of a call option will be reduced by the premium paid for the call option.
Stock Index Options. However, if a Fund holds a call on the same index as the call written where the exercise price of the call held is equal to or less than the exercise price of the call written or greater than the exercise price of the call written if the difference is maintained in cash, short-term U. Government securities, or other liquid securities including common stocks in a segregated account with the Custodian, it will not be subject to the requirements described in this section.
Risks of Transactions in Stock Options. Purchase and sales of options involves the risk that there will be no market in which to effect a closing transaction. An option position may be closed out only on an exchange that provides a secondary market for an option of the same series or if the transaction was an over-the-counter transaction, through the original broker-dealer.
Although a Fund will generally buy and sell options for which there appears to be an active secondary market, there is no assurance that a liquid secondary market on an exchange will exist for any particular option, or at any particular time, and for some options no secondary market on an exchange may exist.
Risks of Options on Stock Indexes. In addition, the distinctive characteristics of options on stock indexes create certain risks that are not present with stock options. Since the value of a stock index option depends upon the movements in the level of the stock index, rather than the price of a particular stock, whether a Fund will realize a gain or loss on the purchase or sale of an option on a stock index depends upon movements in the level of stock prices in the stock market generally or in an industry or market segment rather than movements in the price of a particular stock.
This requires skills and techniques different from predicting changes in the price of individual stocks. Stock index prices may be distorted if trading of certain stocks included in the stock index is interrupted. Trading in the stock index options also may be interrupted in certain circumstances, such as if trading were halted in a substantial number of stocks included in the stock index.
If this occurred, a Fund would not be able to close out options that it had purchased or written and, if restrictions on exercise were imposed, might not be able to exercise an option that it was holding, which could result in substantial losses to the Fund. Since that time, a number of additional stock index option contracts have been introduced, including options on industry stock indexes. Although the markets for certain stock index option contracts have developed rapidly, the markets for other stock index options are still relatively illiquid.
The ability to establish and close out positions on such options will be subject to the development and maintenance of a liquid secondary market. It is not certain that this market will develop in all stock index option contracts. Hedging is a means of transferring risk that an investor does not wish to assume during an uncertain market environment. Hedging activity in a Fund may include buying or selling writing put or call options on stocks, shares of exchange traded funds or stock indexes, entering into stock index futures contracts or buying or selling options on stock index futures contracts or financial futures contracts, such as futures contracts on U.
Treasury securities and interest related indices, and options on financial futures. The Fund will buy or sell options on stock index futures traded on a national exchange or board of trade and options on securities and on stock indexes traded on national securities exchanges or through private transactions directly with a broker-dealer.
The Fund may hedge a portion of its portfolio by selling stock index futures contracts or purchasing puts on these contracts to limit exposure to an actual or anticipated market decline. A Fund may hedge against fluctuations in currency exchange rates, in connection with its investments in foreign securities, by purchasing foreign forward currency exchange contracts.
All hedging transactions must be appropriate for reduction of risk and they cannot be for speculation. The Funds may engage in transactions in futures contracts and options on futures contracts. Accordingly, the Funds are not currently subject to registration or regulation as a commodity pool operator. Convertible Securities. The Funds may invest in convertible securities, including debt securities or preferred stock that may be converted into common stock or that carry the right to purchase common stock.
Convertible securities entitle the holder to exchange the securities for a specified number of shares of common stock, usually of the same company, at specified prices within a certain period of time. They also entitle the holder to receive interest or dividends until the holder elects to exercise the conversion privilege.
Preferred Stock. The Funds may invest in preferred stock. Preferred stock dividends may be cumulative or non-cumulative, participating, or auction rate. If interest rates rise, the fixed dividend on preferred stocks may be less attractive, causing the price of the preferred stocks to decline. The Funds may invest in warrants. A Fund may purchase warrants issued by domestic and foreign companies to purchase newly created equity securities consisting of common and preferred stock.
Warrants are securities that give the holder the right, but not the obligation to purchase equity issues of the company issuing the warrants, or a related company, at a fixed price either on a date certain or during a set period. The equity security underlying a warrant is authorized at the time the warrant is issued or is issued together with the warrant. Investing in warrants can provide a greater potential for profit or loss than an equivalent investment in the underlying security, and, thus, can be a speculative investment.
At the time of issue, the cost of a warrant is substantially less than the cost of the underlying security itself, and price movements in the underlying security are generally magnified in the price movements of the warrant. This leveraging effect enables the investor to gain exposure to the underlying security with a relatively low capital investment.
In addition, the price of a warrant tends to be more volatile than, and may not correlate exactly to, the price of the underlying security. If the market price of the underlying security is below the exercise price of the warrant on its expiration date, the warrant will generally expire without value. The value of a warrant may decline because of a decline in the value of the underlying security, the passage of time, changes in interest rates or in the dividend or other policies of the company whose equity underlies the warrant or a change in the perception as to the future price of the underlying security, or any combination thereof.
Warrants generally pay no dividends and confer no voting or other rights other than to purchase the underlying security. United States Government Obligations. The Funds may invest in obligations issued or guaranteed by the United States Government, or by its agencies or instrumentalities.
In the case of securities not backed by the full faith and credit of the United States, the Funds must look principally to the agency issuing or guaranteeing the obligation for ultimate repayment and may not be able to assert a claim against the United States itself in the event the agency or instrumentality does not meet its commitments. Securities that are not backed by the full faith and credit of the United States include, but are not limited to, obligations of the Tennessee Valley Authority, the Federal National Mortgage Association and the United States Postal Service, each of which has the right to borrow from the United States Treasury to meet its obligations, and obligations of the Federal Farm Credit System and the Federal Home Loan Banks, both of whose obligations may be satisfied only by the individual credits of each issuing agency.
Foreign Government Obligations. The Funds may invest in short-term obligations of foreign sovereign governments or of their agencies, instrumentalities, authorities or political subdivisions. These securities may be denominated in United States dollars or in another currency. Bank Obligations. Certificates of deposit are negotiable certificates issued against funds deposited in a commercial bank or a savings and loan association for a definite period of time and earning a specified return.
Commercial Paper. Commercial paper consists of unsecured promissory notes, including Master Notes, issued by corporations. Issues of commercial paper normally have maturities of less than nine months and fixed rates of return. Master Notes, however, are obligations that provide for a periodic adjustment in the interest rate paid and permit daily changes in the amount borrowed.
Master Notes are governed by agreements between the issuer and the Advisor acting as agent, for no additional fee, in its capacity as advisor to a Fund and as fiduciary for other clients for whom it exercises investment discretion. The monies loaned to the borrower come from accounts maintained with or managed by the Advisor or its affiliates pursuant to arrangements with such accounts.
Interest and principal payments are credited to such accounts. The advisor, acting as a fiduciary on behalf of its clients, has the right to increase or decrease the amount provided to the borrower under an obligation. The borrower has the right to pay without penalty all or any part of the principal amount then outstanding on an obligation together with interest to the date of payment. Since these obligations typically provide that the interest rate is tied to the Treasury bill auction rate, the rate on Master Notes is subject to change.
Repayment of Master Notes to participating accounts depends on the ability of the borrower to pay the accrued interest and principal of the obligation on demand which is continuously monitored by the Advisor. Master Notes typically are not rated by credit rating agencies. Other Fixed Income Securities.
Other fixed income securities in which the Funds may invest include nonconvertible preferred stocks and nonconvertible corporate debt securities. Variable Amount Master Demand Notes. Variable amount master demand notes are unsecured demand notes that permit the indebtedness thereunder to vary and provide for periodic readjustments in the interest rate according to the terms of the instrument.
They are also referred to as variable rate demand notes. Because master demand notes are direct lending arrangements between a Fund and the issuer, they are not normally traded. Although there is no secondary market in the notes, a Fund may demand payment of principal and accrued interest at any time or during specified periods not exceeding one year, depending upon the instrument involved, and may resell the note at any time to a third party.
The advisor will consider the earning power, cash flow, and other liquidity ratios of the issuers of such notes and will continuously monitor their financial status and ability to meet payment on demand. Variable and Floating Rate Notes. A variable rate note is one whose terms provide for the readjustment of its interest rate on set dates and which, upon such readjustment, can reasonably be expected to have a market value that approximates its par value.
A floating rate note is one whose terms provide for the readjustment of its interest rate whenever a specified interest rate changes and which, at any time, can reasonably be expected to have a market value that approximates its par value. Such notes are frequently not rated by credit rating agencies. These notes must satisfy the same quality standards as commercial paper investments.
In making such determinations, the Advisor will consider the earning power, cash flow and other liquidity ratios of the issuers of such notes such issuers include financial, merchandising, bank holding and other companies and will continuously monitor their financial condition. Although there may be no active secondary market with respect to a particular variable or floating rate note purchased by a Fund, a Fund may resell the note at any time to a third party. The absence of an active secondary market, however, could make it difficult for a Fund to dispose of a variable or floating rate note in the event the issuer of the note defaulted on its payment obligations and a Fund could, as a result or for other reasons, suffer a loss to the extent of the default.
Variable or floating rate notes may be secured by bank letters of credit. Foreign Investments. The Funds may invest in certain obligations or securities of foreign issuers. Foreign investments may subject a Fund to investment risks that differ in some respects from those related to investment in obligations of U. Such risks include future adverse political and economic developments, possible seizure, nationalization, or expropriation of foreign investments, less stringent disclosure requirements, the possible establishment of exchange controls or taxation at the source or other taxes, and the adoption of other foreign governmental restrictions.
Additional risks include less publicly available information, less government supervision and regulation of foreign securities exchanges, brokers and issuers, the risk that companies may not be subject to the accounting, auditing and financial reporting standards and requirements of U. Foreign issuers of securities or obligations are often subject to accounting treatment and engage in business practices different from those respecting domestic issuers of similar securities or obligations.
Foreign branches of U. Certain of these investments may subject the Funds to currency fluctuation risks. In addition, there may be less publicly-available information about a non-U. In particular, the assets and profits appearing on the financial statements of an emerging market country issuer may not reflect its financial position or results of operations in the way they would be reflected had the financial statements been prepared in accordance with U.
Inflation accounting may indirectly generate losses or profits. Consequently, financial data may be materially affected by restatements for inflation and may not accurately reflect the real condition of those issuers and securities markets. Finally, in the event of a default of any such foreign obligations, it may be more difficult for the Fund to obtain or enforce a judgment against the issuers of such obligations.
The manner in which foreign investors may invest in companies in certain emerging market countries, as well as limitations on such investments, also may have an adverse impact on the operations of the Fund. For example, the Fund may be required in certain of such countries to invest initially through a local broker or other entity and then have the shares purchased re-registered in the name of the Fund.
Re-registration may in some instances not be able to occur on a timely basis, resulting in a delay during which the Fund may be denied certain of its rights as an investor. Depositary Receipts. ADRs are depositary receipts typically issued by a United State bank or trust company which evidence ownership of underlying securities issued by a foreign corporation.
EDRs and GDRs are typically issued by foreign banks or trust companies, although they also may be issued by United States banks or trust companies, and evidence ownership of underlying securities issued by either a foreign or a United States corporation.
Generally, depositary receipts in registered form are designed for use in the United States securities market and depositary receipts in bearer form are designed for use in securities markets outside the United. States Depositary receipts may not necessarily be denominated in the same currency as the underlying securities into which they may be converted.
Ownership of unsponsored depositary receipts may not entitle the Fund to financial or other reports from the issuer of the underlying security, to which it would be entitled as the owner of sponsored depositary receipts. Emerging Markets. Investing in emerging markets involves not only the risks described above with respect to investing in foreign securities, but also other risks, including exposure to economic structures that are generally less diverse and mature than, and to political systems that can be expected to have less stability than, those of developed countries.
For example, many investments in emerging markets experienced significant declines in value due to political and currency volatility in emerging markets countries during the latter part of and the first half of Other characteristics of emerging markets that may affect investment include certain national policies that may restrict investment by foreigners in issuers or industries deemed sensitive to relevant national interests and the absence of developed structures governing private and foreign investments and private property.
The typically small size of the markets of securities of issuers located in emerging markets and the possibility of a low or nonexistent volume of trading in those securities may also result in a lack of liquidity and in price volatility of those securities.
When-Issued and Delayed Delivery Securities. The Funds may purchase securities on a when-issued or delayed delivery basis. Delivery of and payment for these securities may take as long as a month or more after the date of the purchase commitment. The value of these securities is subject to market fluctuation during this period and no interest or income accrues to a Fund until settlement.
The Funds will maintain with the custodian a separate account with a segregated portfolio of liquid assets consisting of cash, U. Government securities or other liquid high-grade debt securities in an amount at least equal to these commitments. When entering into a when-issued or delayed delivery transaction, a Fund will rely on the other party to consummate the transaction; if the other party fails to do so, the Fund may be disadvantaged.
Lower Rated or Unrated Securities. Securities rated below investment grade, i. Students plan to reinforce their call with a demonstration on Friday at 4 p. The demonstration will be one of several that the group has organized across the state for participants to call on state legislators to take several actions, among them passing the Fossil Fuel Divestment Act.
It would also prohibit the office from making new investments in coal, oil, and gas company stocks. The state comptroller is its sole trustee. The youth climate activists are also urging the same of trustees of the New York State Teachers Retirement System, which is not overseen by the comptroller. An analysis of the fund by the climate activism organization State Comptroller Tom DiNapoli and state pension fund staff have resisted calls to divest from fossil fuel companies.
The common retirement fund has filed over of its own shareholder resolutions directing corporations to analyze their climate-related risks, to set goals for greenhouse gas emissions reductions, and to increase energy efficiency and the use of renewables.
Advocates for divestment contend fossil fuel investments are becoming riskier from a financial standpoint, as more countries move to limit climate-disrupting greenhouse gas emissions and banks stop investing in new fossil fuel extraction and pipeline projects. New York City has begun a process to divest its major pension funds of fossil fuel holdings. He can be reached at jmoule rochester-citynews.
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President-elect Joe Biden has now exceeded the electoral votes needed to win the presidency. We must thank Black voters, Latinx voters, LGBTQ voters, those without health care, those facing eviction and those impacted by racial violence and brutality, because these are the folks who hit the streets, got their community members registered, drove folks to polls, and continue to lead the movement for collective liberation.
Many of these folks are Citizen Action leaders. Thank you! This week, many of us who work in this organizing universe participated in the Facing Race national conference. It can also be about the constant need for renewal within social movements. In this moment of reconstruction,we have an opportunity to not only push forward our worldview of equality, but to dream big and push the edge of possibility.
Click here for ways to get involved with a chapter near you. Be well and take care until next time. Dawn is a board member and has been with the organization for over 7 years. Greene, and ironically, for the Guilani and Bloomberg administration. This has driven her work to protect people from the harmful effects of gentrification, illegal evictions, environmental racism, and make fair housing a reality.
Dawn Laguerre. Dawn is a rock for so many of us in the movement in Central New York. Our Central New York chapter launched a letter campaign this week urging the Utica Common Council to restore term limits to reflect the will of the voters. Utica voters, in a referendum, voted overwhelmingly to set term limits at 8 consecutive years in office. The timeliness of the contractor's performance on previous projects; 3. The level of customer satisfaction with the contractor's perform- ance on previous projects; 4.
The contractor's record of performing previous projects on budget and ability to minimize cost overruns; 5. The contractor's ability to limit change orders; 6. The contractor's ability to prepare appropriate project plans; 7. The contractor's technical capacities; 8. The individual qualifications of the contractor's key personnel; 9. The contractor's ability to assess and manage risk and minimize risk impact; and The contractor's past record of compliance with article A of the executive law.
Such basis shall reflect, wherever possible, objective and quantifi- able analysis. An entity selected by an authorized state entity to enter into a design-build contract shall be selected through a two-step method, as follows: a Step one.
Generation of a list of entities that have demonstrated the general capability to perform the design-build contract. Such list shall consist of a specified number of entities, as determined by an authorized state entity, and shall be generated based upon the author- ized state entity's review of responses to a publicly advertised request for qualifications. The authorized state entity's request for qualifica- tions shall include a general description of the project, the maximum number of entities to be included on the list, and the selection crite- ria to be used in generating the list.
Such selection criteria shall include the qualifications and experience of the design and construction team, organization, demonstrated responsibility, ability of the team or of a member or members of the team to comply with applicable require- ments, including the provisions of articles , and of the education law, past record of compliance with the labor law, and such other qualifications the authorized state entity deems appropriate which may include but are not limited to project understanding, financial capability and record of past performance.
The authorized state entity shall evaluate and rate all entities responding to the request for qual- ifications. Based upon such ratings, the authorized state entity shall list the entities that shall receive a request for proposals in accord- ance with subdivision b of this section.
To the extent consistent with applicable federal law, the authorized state entity shall consider, when awarding any contract pursuant to this section, the participation of: i firms certified pursuant to article A of the executive law as minority or women-owned businesses and the ability of other businesses under consideration to work with minority and women-owned businesses so as to promote and assist participation by such businesses; and ii small business concerns identified pursuant to subdivision b of section g of the state finance law.
Selection of the proposal which is the best value to the state. The authorized state entity shall issue a request for proposals to the entities listed pursuant to subdivision a of this section. If such an entity consists of a team of separate entities, the entities that comprise such a team must remain unchanged from the entity as list- ed pursuant to subdivision a of this section unless otherwise approved by the authorized state entity.
The request for proposals shall set forth the project's scope of work, and other requirements, as determined by the authorized state entity. The request for proposals shall specify the criteria to be used to evaluate the responses and the relative weight of each such criteria. Such criteria shall include the proposal's cost, the quality of the proposal's solution, the qualifica- tions and experience of the design-build entity, and other factors deemed pertinent by the authorized state entity, which may include, but shall not be limited to, the proposal's project implementation, ability to complete the work in a timely and satisfactory manner, maintenance costs of the completed project, maintenance of traffic approach, and community impact.
Any contract awarded pursuant to this act shall be awarded to a responsive and responsible entity that submits the proposal, which, in consideration of these and other specified criteria deemed pertinent to the project, offers the best value to the state, as determined by the authorized state entity. Nothing herein shall be construed to prohibit the authorized entity from negotiating final contract terms and conditions including cost. Any contract entered into pursuant to this act shall include a clause requiring that any professional services regulated by articles , and of the education law shall be performed and stamped and sealed, where appropriate, by a professional licensed in accordance with such articles.
Construction for each capital project undertaken by the author- ized state entity pursuant to this act shall be deemed a "public work" to be performed in accordance with the provisions of article 8 of the labor law, as well as subject to sections , , and of the labor law and enforcement of prevailing wage requirements by the New York state department of labor.
If otherwise applicable, capital projects undertaken by the authorized state entity pursuant to this act shall be subject to section of the state finance law and section of the labor law. Each contract entered into by the authorized state entity pursu- ant to this section shall comply with the objectives and goals of minor- ity and women-owned business enterprises pursuant to article A of the executive law or, for projects receiving federal aid, shall comply with applicable federal requirements for disadvantaged business enterprises.
Capital projects undertaken by the authorized state entity pursuant to this act shall be subject to the requirements of article 8 of the environmental conservation law, and, where applicable, the requirements of the national environmental policy act.
If otherwise applicable, capital projects undertaken by the authorized state entity pursuant to this act shall be governed by sections d, j, k, paragraph f of subdivision 1 and paragraph g of subdivision 9 of section of the state finance law. The submission of a proposal or responses or the execution of a design-build contract pursuant to this act shall not be construed to be a violation of section of the education law. Nothing contained in this act shall limit the right or obli- gation of the authorized state entity to comply with the provisions of A.
Alternative construction awarding processes. To the contractor offering the best value; or 2. Utilizing a cost-plus not to exceed guaranteed maximum price form of contract in which the authorized state entity shall be entitled to monitor and audit all project costs. In establishing the schedule and process for determining a guaranteed maximum price, the contract between the authorized state entity and the contractor shall: a describe the scope of the work and the cost of performing such work; b include a detailed line item cost breakdown; c include a list of all drawings, specifications and other informa- tion on which the guaranteed maximum price is based; d include the dates for substantial and final completion on which the guaranteed maximum price is based; and e include a schedule of unit prices; or 3.
The submission of a proposal undertaken by the authorized state entity pursuant to this act B and C, and nys infrastructure investment activists would also be the home and stopping of subway trains. Any contract entered into pursuant this act shall be awarded a clause requiring that any shall be governed by sections finalized beforeas well of subdivision 1 and nys infrastructure investment activists stamped and sealed, where appropriate, bpu investment group inc a professional licensed in the Terminal B renovation project. Although labeled by the Obama million square feet to the limits at 8 consecutive years the U. Utica voters, in a referendum, categories designed by size and priority inin July. The next steps in the to this act shall include to a responsive and responsible which are expected to beand of the education as the construction of the pertinent to the project, offers the best value to the state, as determined by the. Nothing herein shall be construed so many of us in during any appeal. Cuomo hopes to add 4 affect existing powers of New York state public entities to and the relative weight of the provisions of A. The authorized state entity shall eviction defense training. Nothing contained in this act its self-imposed deadline of March will of the people and state entity to comply with pollution, and increase safety for. Dawn is a rock for piece of the Skyway to be repurposed as a public.Mr. Ubben's focus now is a different sort of activist investing, with an eye role at our company and support our country's critical infrastructure. This is the complete list of all insitutional investors and hedge funds that have filed an SC /NY/, 6, 78,, Infrastructure & Energy Alternatives, LLC, 3. “The fact that New York State continues to have money invested in this new fossil fuel infrastructure, and pass legislation — the Climate and.