PHILADELPHIA, March 13, 2023--Today, Delaware Ivy High Income Opportunities Fund (the "Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "IVH," announced that the acquisition of substantially all of the assets of the Fund by abrdn Income Credit Strategies Fund (the "Acquiring Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "ACP," was completed on March 10, 2023 at approximately 5:00 pm ET (the "Reorganization"). Fund shareholders
DBS Group Chief Executive Piyush Gupta earned S$15.4 million ($11.4 million) in 2022, a 13% increase in what was a banner year for Southeast Asia's biggest lender. The big payday for Gupta, 63, comes after DBS logged record net profit of S$8.2 billion last year, up 20% on the year, as banks reaped the benefits of higher interest rates. "We expect that as our digital transformation becomes more pervasive, an ROE of 15% is sustainable if interest rates do not return to the unusually low levels seen during most of the past decade," Gupta said in the annual report.
Acceptance of the bid by CDP and Australia's Macquarie could be announced this month, the report said, adding that a final determination hasn't been made. The news comes after TIM said last month an offer for its network grid tabled by U.S fund KKR & Co Inc "does not wholly reflect the value of the asset". TIM said its objective was to facilitate an improved offer by the end of March.