AST Fund Solutions, LLC and theIRapp® Develop Mobile Resource for Closed-End Funds CEFinsight Mobile™ to Aggregate Closed-End Fund Proprietary Content and Quantitative Information for Investors on iPhones and iPads
NEW YORK, March 17, 2014 /PRNewswire/ -- AST Fund Solutions, LLC, the premier provider of closed-end transfer agent, fund administration, proxy services and governance consulting, and theIRapp®, the native investor relations app platform, announced today the launch of CEFinsight Mobile™, a mobile application for closed-end funds (CEFs) and their investors.
The new mobile app will initially be available for Apple mobile devices (iPhones and iPads). CEFinsight Mobile aggregates quantitative CEF data including NAV and premium discounts for all closed-end funds as well as proprietary content posted by these funds to their own customized apps.
As a native mobile app, CEFinsight Mobile allows individual closed-end funds and families of funds to make available and push content including fund prospectuses, fact sheets, performance history, portfolio manager video and audio interviews, live events and more directly to interested investors. Presently, this information can only be found on each fund's respective website. In addition, daily price, NAV and premium/discount information is streamed into the app together with press releases and SEC filings. CEFinsight Mobile also incorporates content from CEFinsight.com, the premier provider of analyses of trends, corporate actions and shareholder activism impacting CEFs. Through CEFinsight Mobile, registered investment advisors, portfolio managers and retail investors now have access, in one place on their mobile device, to all of the important information on the funds they follow.
Paul Torre, Executive Vice President of AST Fund Solutions, said, "Our priority at AST Fund Solutions is to provide value added services to our client funds and to ensure that investors worldwide are made aware of the opportunities that exist to invest in them. Working with theIRapp, closed-end funds now have an easy solution to create a native app on the App Store, showcase all of their great qualitative content that is presently only accessible on their websites and push this important information directly to their investors' mobile devices."
He continued, "CEFinsight Mobile is the first of its kind mobile solution that aggregates content from all closed-end funds. Investors now have a single place on their mobile device to create a portfolio of funds that they are interested in and to receive proprietary analyses from CEFinsight.com (www.CEFinsight.com). We are excited to work with theIRapp and to be at the forefront in bringing the newest technologies to our clients."
Jeff Corbin, Founder of theIRapp, said, "We are excited to expand our partnership with American Stock Transfer and its Fund Solutions group. Since the launch of our platform, many Fortune 100 companies have embraced the simplicity and cost-effectiveness of our solution to push important information directly to the mobile devices of their investors. CEFinsight Mobile further demonstrates the many ways in which our app building technology platform allows organizations to communicate directly with their targeted audiences."
To download CEFinsight Mobile, search "CEFinsight" in the App Store or click here.
CEFinsight.com is a service of AST Fund Solutions' Closed-End Fund Group. We are the premier provider of analyses of trends, corporate actions, and shareholder activism impacting closed-end funds. CEFinsight.com was developed in response to client inquiries about the need for a central information resource for executives of closed-end funds and reader inquiries concerning customized research to gain greater historical context and understanding about activist shareholders and factors driving both activist and general investment behavior (flows) in closed-end funds. The online database contains historical entries (edited and updated where necessary) and current entries that have appeared in our monthly reports on Activist & Key Corporate Actions. Information contained in our latest monthly reports, which cover calendar month periods and are generally issued in the middle of the following month, will be available via the online database generally concurrent with the release of each monthly report.
American Stock Transfer & Trust Company, LLC (AST) and its affiliates in the Link Group network are leading providers of registry services and technology to financial market participants in North America, Australia, New Zealand, Hong Kong, India, South Africa and the United Kingdom. AST and its partner, Canadian Stock Transfer Company Inc. (CST), form the North American division of the Link Group. Together AST and CST provide comprehensive stock transfer and employee plan services to more than 8,000 public issues and over 5.5 million shareholders. The division serves clients located throughout North America and in over 22 foreign countries, ranging in size from initial public offerings to Fortune 100 companies.
theIRapp®, part of theCOMMSapp family of communications app building solutions, is a native turnkey app platform available for publicly traded companies listed on all global stock exchanges. It enables public companies to push important company information to its investors where they are engaged the most, on their mobile device. In only a matter of weeks, a company can have its own branded IR app available on Apple's App Store and Google Play. Through theIRapp, retail and institutional investors have access to automated, real-time stock price information (via live data feeds), press releases, SEC filings and other custom company content (multimedia and documents) such as analyst coverage, presentations, webcasts and videos. Additionally, a company can live stream events and earnings calls directly through theIRapp. Companies of all market capitalizations and industries subscribe to theIRapp including Marathon Oil, Colgate-Palmolive, Campbell's Soup and Teva Pharmaceuticals.