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Saba Opportunistically Hedged Closed-End Funds ETF (CEFS) Announces Changes to Distribution Rate and Frequency

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Fund Will Move from Monthly to Quarterly Distributions

OKLAHOMA CITY, Oct. 2, 2026 /PRNewswire/ — Saba Opportunistically Hedged Closed-End Funds ETF (Cboe BZX: CEFS) (the “Fund”) today announced changes to the rate and frequency of the Fund’s distributions to shareholders, based on the recommendation of the Fund’s sub-adviser, Saba Capital Management, L.P. (“Saba”).

Effective September 25, 2026, the Fund will seek to pay distributions at an annualized rate of 12% of the Fund’s net asset value (“NAV”) and will pay distributions quarterly rather than monthly. The first distribution pursuant to the modified distribution policy will be $0.246 per share payable on September 30, 2026 to shareholders of record on September 28, 2026. The ex-distribution date is September 28, 2026.

“We are pleased to raise CEFS’s distribution rate to 12%, which reflects Saba’s conviction in the opportunities we continue to see across the closed-end fund market and our commitment to delivering value to the Fund’s shareholders. Moving to a quarterly schedule also provides greater flexibility in managing the portfolio as we pursue attractive risk-adjusted returns through our hedged approach.”
— Paul Kazarian, Partner and Portfolio Manager, Saba Capital Management, L.P. 

The Fund expects to pay distributions at a rate based on a fixed percentage of the Fund’s NAV at a particular time. The Fund seeks, but cannot guarantee, a total return sufficient, after expenses, to support a 12% annual distribution rate. The distribution rate and frequency may be changed at any time. The Fund’s quarterly distributions may exceed the Fund’s income and gains, in which case some or all of a distribution may constitute a return of capital (“ROC”). A ROC reduces the amount of a shareholder’s original investment and may result in the return to investors of the entire amount of their original investment. A ROC should not be confused with yield or income, and it is not a reflection of the Fund’s investment performance.

Section 19(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), and Rule 19a-1 thereunder require the Fund to provide a written statement accompanying any distribution paid from a source other than net investment income, adequately disclosing its source or sources. Thus, if the source of a distribution were the original capital contribution of a shareholder, and the payment amounted to a return of capital, the Fund would be required to provide written disclosure to that effect. Fund shareholders should read any written disclosure provided pursuant to Section 19(a) and Rule 19a-1 carefully and should not assume that the source of any distribution from the Fund is net income or net profit.

At the time of each distribution, the Fund’s estimate of the sources of that distribution will be posted to https://sabaetf.com/ and provided to shareholders in a concurrent notice. These estimates may change, because the final tax characteristics of the Fund’s distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all of the Fund’s distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

The target distribution rate is not guaranteed, nor does it represent a fixed amount of yield or total return. There is also no guarantee that the Fund’s investment objective will be met, that the Fund’s investment strategy will be properly implemented, and that any amount of distributions will be made. You could lose money.

About Saba Opportunistically Hedged Closed-End Funds ETF (CEFS)

CEFS is an actively managed exchange-traded fund (“ETF”) that seeks to provide capital appreciation and dividend income by investing in closed-end funds trading at a discount to net asset value, while opportunistically hedging interest rate risk and broader portfolio market exposure.

About Saba Capital Management, L.P.

Saba Capital Management, L.P. is a $6.8bn[1] SEC-registered investment adviser founded in 2009 by Boaz Weinstein.

Registration with the SEC does not imply a certain level of skill or training.

About Exchange Traded Concepts

Exchange Traded Concepts, LLC is an SEC-registered investment adviser specializing in white-label ETFs, sub-advisory, portfolio management, fund marketing and consulting services. ETC works with asset managers to bring ETF strategies to market. Registration with the SEC does not imply a certain level of skill or training.

exchangetradedconcepts.com

Important Disclosures

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus containing this and other information about the Fund, please call +1 888-615-4310 or visit sabaetf.com. Read the prospectus or summary prospectus carefully before investing.

Investing involves risk. Principal loss is possible. There is no guarantee that the Fund will achieve its investment objective.

Shares of the Fund are bought and sold at market price, not net asset value, and may trade at a premium or discount to net asset value. Brokerage commissions will reduce returns. Shares are not individually redeemable and may be redeemed only in creation units through an authorized participant.

Because the Fund is a “fund of funds,” its investment performance largely depends on the investment performance of the underlying funds in which it invests, and the Fund is subject to the risks associated with the underlying funds. Leverage may increase the risk of loss and cause fluctuations in the market value of the Fund’s portfolio to have disproportionately large effects or cause the NAV of the Fund generally to decline faster than it would otherwise. Derivatives may be more sensitive to changes in market conditions, amplifying risks. High-yield bonds have a higher risk of default or other adverse credit events but have the potential to pay higher earnings over investment grade bonds. The higher risk of default, or the inability of the creditor to repay its debt, is the primary reason for the higher interest rates on high yield bonds.

Exchange Traded Concepts, LLC serves as the investment adviser to the Fund. Saba Capital Management, L.P. serves as sub-adviser to the Fund and is responsible for investment decisions. The Fund is distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC is not affiliated with Exchange Traded Concepts, LLC, Saba Capital Management, L.P., or any of their affiliates.

___________________

1 AUM as of 9/1/26

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SOURCE Saba Capital Management, L.P.

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University of Phoenix leaders to present on scaling competency-based education at CBExchange 2026

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Marc Booker and Justin Hallock to share lessons from creating more than 5,000 competency-based education graduates in six years

PHOENIX, Oct. 2, 2026 /PRNewswire/ — University of Phoenix is pleased to announce that Marc Booker, Ph.D., vice provost of Strategy, and Justin Hallock, senior director of Change Management, will present at CBExchange 2026, taking place Sept. 30-Oct. 3 in Orlando, Florida. The annual event brings together educators, employers, policymakers and innovators to advance skills-based and competency-driven approaches that strengthen connections between learning and work.

Booker and Hallock will present the session, “Creating 5,000 CBE Graduates in 6 Years,” on Oct. 3. The session will explore how University of Phoenix aligned academic, operational, technology and data functions to build and scale a competency-based education (CBE) ecosystem that has supported more than 5,000 graduates since its inception.

“Over the past six years, we’ve seen how competency-based education can create more flexible pathways for learners to demonstrate their skills and knowledge while progressing toward their educational goals,” said Booker. “Successfully scaling CBE requires strong collaboration across academic, operational and technology teams, along with a shared commitment to supporting learners where they are at. Those efforts have helped us build a model that continues to evolve based on learner needs while maintaining a focus on quality, flexibility, value, and relevance.”

How Competency-Based Education Supports Working Adult Learners

University of Phoenix has a longstanding commitment to educational innovation designed to support working adult learners. The University’s competency-based education offerings provide flexible pathways that align learning with career goals and evolving workforce needs.

That work is further reflected in the University of Phoenix whitepaper, A Holistic Perspective to Creating Successful CBE Programs at Scale, co-authored by Booker and Hallock. The paper outlines lessons learned from designing, implementing and scaling competency-based education programs and offers insights for institutions exploring skills-focused learning models.

As employers increasingly prioritize skills and demonstrated competencies, University of Phoenix continues to contribute to conversations shaping the future of higher education and workforce readiness. Booker and Hallock are among the University’s leaders regularly invited to share their expertise at national conferences and industry events. In 2026, University representatives participated in the AACRAO Annual Meeting, ASU+GSV Summit, 1EdTech Learning Impact Conference, SXSWEDU Conference and PESC Data Summit, helping advance discussions around learning innovation, student success and workforce-aligned education.

Learn more about CBE Exchange 2026 and see the full conference agenda here.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu. 

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SOURCE University of Phoenix

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equipifi® Named a “Best Places to Work in the Valley” Finalist After a Year of Rapid Growth

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The recognition comes during equipifi’s fastest stretch of growth, following its Series B raise.

SCOTTSDALE, Ariz., Oct. 2, 2026 /PRNewswire/ — equipifi®, the leading provider of bank-led Buy Now, Pay Later (BNPL) solutions, today announced it has been named a finalist for the Phoenix Business Journal’s Best Places to Work in the Valley for the fourth consecutive year. Last year, the company placed second in the Extra Small category.

equipifi nearly doubled its headcount over the past twelve months, hiring across sales, customer success, product, and engineering to meet growing demand from banks and credit unions for BNPL they own and control. The hiring followed the company’s Series B raise earlier this year and reshaped nearly every team.

“Companies find out what their culture is really made of when they scale it fast,” said Bryce Deeney, Co-Founder and CEO of equipifi. “We nearly doubled the team this year, and earning this recognition in the middle of that tells me we’re bringing in the right people. They’ve matched the pace we were already moving at and even pushed us forward. That’s a testament to the culture we’ve built and the people we bring into it.”

A finalist for a fourth consecutive year, equipifi has consistently earned this recognition during fast stretches of growth. In addition to team size, the company also grew BNPL transaction volume on its platform by 128% year over year, and expanded its platform’s capabilities including enhanced underwriting and notifications.

“This was a year of growth, evolution, and lacing up our running shoes to move fast,” said Marlowe Everett, VP of People at equipifi. “equipifi attracts exceptional people, and we’re deliberate about how we hire, develop, and retain them. We look for people who want to build something meaningful and grow with the company, and once they join, they’re given true ownership to create. With a values-based culture and a wildly talented team in place, we’re set up for an even bigger year ahead.”

equipifi’s team brings together experience in banking, payments, commerce, and fintech, working across disciplines to redefine Buy Now, Pay Later as a product native to the banking experience. A finalist in the Extra Small category this year, equipifi will compete in the next size category in the coming year due to its rapid growth. Learn more about careers at equipifi at equipifi.com/careers.

About equipifi

equipifi is a fintech company that enables banks and credit unions to offer flexible payments and Buy Now, Pay Later as a native capability within their digital banking platforms. By embedding installment lending directly into the institutions consumers already trust, equipifi helps financial institutions deepen the banking relationship, grow their lending portfolio, and compete effectively in a payments landscape defined by evolving consumer expectations. Learn more at equipifi.com.

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SOURCE equipifi

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dōTERRA “Imagine” Global Convention Inspires Thousands in Orlando and Unveils Bold New Wellness Innovations

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ORLANDO, Fla., Oct. 2, 2026 /PRNewswire/ — dōTERRA welcomed over 10,000 attendees, both in person and virtually, to its 2026 Global Convention, “Imagine,” held September 23 to 26 in Orlando, Florida, marking the first time in company history the annual event has taken place outside of Salt Lake City. Over four days, Wellness Advocates gathered to celebrate achievement, deepen their understanding of Natural Intelligence, and connect as a global community.

“Imagine was an invitation to envision what’s possible when trusted wellness solutions are combined with meaningful human connection,” said Jonathan Johnson, President of dōTERRA. “From celebrating the achievements and service of our Wellness Advocates to unveiling new products and innovations, this year’s Convention demonstrated the strength of what we can build together. As we look ahead, dōTERRA’s future will be shaped by our shared commitment to listen, collaborate, and help the world heal, together.”

The week began with a Recognition Gala honoring an exceptional year of achievement, followed by a Healing Hands Service Project, where attendees prepared more than 12,000 Days for Girls Kits for communities around the world, including Orlando.

Throughout the week, general sessions, TERRAtalks, and immersive experiences, including the dōTERRA Experience, Essential Oil Symposium, and Marketplace, brought the science behind essential oils to life. The final General Session celebrated rank advancements, community milestones, and personal stories of impact, closing with a challenge to turn inspiration into action.

Throughout Convention, dōTERRA introduced an exciting new lineup of products:

Naio 5 mL Essential OilInTune™ Focus Collection: InTune™ Focus Blend 15 mLInTune™ Stick + Hiba WooddōTERRA On Guard™ Stick + EchinaceaPocket Diffusers: dōTERRA Breathe™dōTERRA On Guard™InTune™IKISE™ Skincare Collection: Cleansing BalmFace CleanserToner Smooth & RichDual Serum Smooth & RichDay & Night Face CreamIntensive Eye CreamImmortelle Essential Oil

To explore the full lineup and shop these new products, visit the dōTERRA New Products page.

Together, the event’s experiences and innovations reflected dōTERRA’s continued commitment to inspiring meaningful wellness for people and communities around the world.

About dōTERRA
dōTERRA International is an integrative health and wellness company and the world leader in the global aromatherapy and essential oils market. dōTERRA sources, tests, manufactures, and distributes CPTG Certified Pure Tested Grade® essential oils and essential oil products to over 10 million Wellness Advocates and customers. Through its new Wellness Made Simple program—dōTERRA’s science-backed approach to laying a strong wellness foundation—the company empowers individuals to take charge of their health. Like and follow dōTERRA on Facebook and Instagram. Learn more at doTERRA.com.

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SOURCE doTERRA International, LLC

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