Columbia Diversified Fixed Income Allocation ETF (ARCA: DIAL)

Latest news for Columbia Diversified Fixed Income Allocation ETF (ARCA:DIAL)

Columbia Diversified Fixed Income Allocation ETF

Dial Global, Inc.

NASDAQ

The fund invests at least 80% of its assets in securities within the index or in securities, that have economic characteristics that are substantially the same as the economic characteristics of the securities within the index. The index reflects a rules-based multi-sector strategic beta approach to measuring the performance of the debt market through representation of six sectors of the debt market in the index, each focused on yield, quality, and liquidity of the particular eligible universe.

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Cumulus Acquires Westwoodone For $260M in Cash

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Fixed income exchange traded funds are on a record-setting pace of gathering new assets this year, prompting issuers to bring new bond funds to market. The newest addition to the world of bond ETFs is the Columbia Diversified Fixed Income Allocation ETF (NYSE: <a class="ticker" href="/stock/dial#NYSE">DIAL</a>), which launched Thursday.
DIAL is the latest addition to the still growing smart beta fixed income arena. Equity-based ETFs following alternatively-weighted indexes are proliferating in number and, in some cases, proving popular with investors, leaving industry observers to ponder when smart beta bond funds will begin making similar inroads.
DIAL follows the Beta Advantage Multi-Sector Bond Index, which &ldquo;is rules-based multi-sector strategic beta approach to measuring the performance of the debt market through representation of six sectors, each focused on yield, quality, and liquidity of the particular eligible universe,&rdquo; <a href="http://www.columbiathreadneedleetf.com/dial">according to Columbia Threadneedle</a>.
<h3>
	DIAL&#39;s Selection Universe</h3>
The new ETF can be seen as an aggregate bond ETF as it provides investors with exposure to multiple corners of the bond market, including U.S. Treasury securities; global ex-U.S. treasury securities; U.S. agency mortgage-backed securities; U.S. corporate investment-grade bonds; U.S. corporate high-yield bonds; and emerging markets sovereign debt.
&ldquo;DIAL&rsquo;s rules-based investment approach aims to address investor concerns of having consistent income with downside protection, regardless of the interest rate environment,&rdquo; <a href="http://www.businesswire.com/news/home/20171012005744/en/Columbia-Threadneedle-Investments-Launches-Columbia-Diversified-Fixed">said the issuer in a statement</a>.
Traditional aggregate bond funds often lack the diversification income-seeking fixed income investors are looking for as those funds are usually heavily allocated to U.S. Treasuries and mortgage-backed securities while lacking exposure to even investment-grade corporate bonds, let alone higher-yielding emerging markets debt.
<h3>
	Support For Smart Beta Bond Funds</h3>
The smart beta bond movement is still in its nascent stages, but some data points indicate advisors and investors will consider alternatively-weighted bond funds.
&ldquo;While the strategic beta fixed income ETF market is in the early stages of adoption, according to a recent Columbia Threadneedle Investments survey of financial advisors and investment managers, over half would consider investing in a strategic beta fixed income ETF,&rdquo; said DIAL&#39;s issuer. &ldquo;Respondents ranked expertise as an active fixed income manager and track record as the top considerations (both 20 percent) when purchasing a fixed income strategic beta product.&rdquo;
The new ETF charges 0.28 percent per year, or $28 on a $10,000 investment, making it favorably priced among smart beta bond offerings.
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/10/10169169/guarding-against-inflation-for-a-nominal-fee#/null">A Cheap Inflation-Fighting ETF</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/10/10169166/an-etf-levered-to-the-cryptocurrency-trade">An ETF For The Bitcoin Trade</a>

Cumulus Media (Nasdaq: <a class="ticker" href="/stock/cmls#Nasdaq">CMLS</a>)
announced today that it has completed the previously announced acquisition of
WestwoodOne, Inc. ("WWO"), formerly known as Dial Global, Inc., for $260
million in cash, consisting of approximately $45 million attributable to the
equity of WWO and the retirement of $215 million of debt of WWO. Cumulus used
cash on hand, including approximately $238 million in cash proceeds from the
Company's previously completed sale of 53 radio stations in 12 small and
mid-sized markets in November 2013 to Townsquare Media, LLC.

The acquisition of WestwoodOne will add sports, news, talk, music and
programming services content – enabling Cumulus to provide a wider variety of
options to approximately 10,000 U.S. radio stations, other media platforms and
international platforms. New content acquired includes NFL, NCAA, NASCAR,
Olympics, AP Radio News, NBC News, the GRAMMY Awards and other popular
programming.

Additionally, the combination of these content assets, along with the
infrastructure to create new content vehicles and local activation
opportunities, is expected to allow Cumulus to provide more extensive
solutions for broadcast radio advertisers.

Although the merger was not subject to the pre-closing notification
requirements of the Hart-Scott-Rodino Antitrust Improvements Act, the
Antitrust Division of the Department of Justice (DOJ) is conducting a review
of the transaction. While Cumulus believes the merger does not raise any
anti-competitive issues, it continues to voluntarily assist the DOJ with its
evaluation. However, it cannot predict if the DOJ will elect to seek, or
obtain, any remedies, or the effect that any remedies may have on Cumulus'
business, financial condition or results of operations.

Forward-Looking Statements

Certain statements in this release may constitute "forward-looking" statements
within the meaning of the Private Securities Litigation Reform Act of 1995 and
other federal securities laws. Such statements are statements other than
historical fact and relate to our intent, belief or current expectations
primarily with respect to our future operating, financial and strategic
performance. Any such forward-looking statements are not guarantees of future
performance and may involve risks and uncertainties. Actual results may differ
from those contained in or implied by the forward-looking statements as a
result of various factors, including, but not limited to, risks and
uncertainties relating to any action that may be taken by the Department of
Justice with respect to its ongoing investigation of the recently completed
merger, our need for additional funds to service our debt and to execute our
business strategy, our ability to timely and cost-effectively renew any one or
more of our broadcast licenses, changes in interest rates, our ability to
timely complete any pending acquisitions or dispositions, our ability to
manage costs and obtain synergies in connection with the integration of
completed acquisitions, our ability to effectively manage our operating costs,
including in connection with our revenue growth, the popularity of radio as a
broadcasting and advertising medium, changing consumer tastes, the impact of
general economic conditions in the United States or in specific markets in
which we currently do business, industry conditions, including existing
competition and future competitive technologies and cancellation, disruptions
or postponements of advertising schedules in response to exogenous national or
world events, our ability to generate revenues from new sources, including
local commerce and technology-based initiatives and other risk factors
described from time to time in our filings with the Securities and Exchange
Commission, including our Form 10-K for the year ended December 31, 2012 and
subsequently filed Forms 10-Q. Many of these risks and uncertainties are
beyond our control, and the unexpected occurrence or failure to occur of any
such events or matters could significantly alter our actual results of
operations or financial condition. Cumulus Media Inc. assumes no
responsibility to update any forward-looking statement as a result of new
information, future events or otherwise.

About Cumulus Media Inc.

Cumulus Media (Nasdaq: <a class="ticker" href="/stock/cmls#Nasdaq">CMLS</a>) is the largest pure-play radio broadcaster in the
United States based on station count, with 457 owned and operated stations in
89 U.S. media markets and a fully-distributed programming network serving more
than 10,000 affiliates nationwide, which contains a portfolio of iconic media,
sports and entertainment brands. Cumulus strives to create the next generation
of radio broadcasting and digital enterprise based on great people and
technological excellence. Cumulus provides high-quality local programming
choices for listeners and advertisers, challenging career environments for
employees and value opportunities for shareholders. For more information,
visit www.cumulus.com.

Columbia Diversified Fixed Income Allocation ETF declares monthly distribution of $0.0545

Columbia Diversified Fixed Income Allocation ETF declares monthly distribution of $0.0622

Columbia Diversified Fixed Income Allocation ETF declares monthly distribution of $0.0596

Columbia Diversified Fixed Income Allocation ETF declares monthly distribution of $0.0667

Columbia Diversified Fixed Income Allocation ETF declares $0.0618 dividend

Columbia Diversified Fixed Income Allocation ETF declares monthly distribution of $0.0711

Columbia Diversified Fixed Income Allocation ETF declares monthly distribution of $0.0719

Columbia Diversified Fixed Income Allocation ETF declares monthly distribution of $0.0668

Columbia Diversified Fixed Income Allocation ETF declares monthly distribution of $0.0693

Columbia Diversified Fixed Income Allocation ETF declares monthly distribution of $0.0687

Fixed income exchange traded funds are on a record-setting pace of gathering new assets this year, prompting issuers to bring new bond funds to market. The newest addition to the world of bond ETFs is the Columbia Diversified Fixed Income Allocation ETF (NYSE:<a class="ticker" href="/stock/DIAL#NYSE">DIAL</a>), which launched Thursday.
DIAL is the latest addition to the still growing smart beta fixed income arena. Equity-based ETFs following alternatively-weighted indexes are proliferating in number and, in some cases, proving popular with investors, leaving industry observers to ponder when smart beta bond funds will begin making similar inroads.
DIAL follows the Beta Advantage Multi-Sector Bond Index, which &ldquo;is rules-based multi-sector strategic beta approach to measuring the performance of the debt market through representation of six sectors, each focused on yield, quality, and liquidity of the particular eligible universe,&rdquo; <a href="http://www.columbiathreadneedleetf.com/dial">according to Columbia Threadneedle</a>.
<h3>
	DIAL&#39;s Selection Universe</h3>
The new ETF can be seen as an aggregate bond ETF as it provides investors with exposure to multiple corners of the bond market, including U.S. Treasury securities; global ex-U.S. treasury securities; U.S. agency mortgage-backed securities; U.S. corporate investment-grade bonds; U.S. corporate high-yield bonds; and emerging markets sovereign debt.
&ldquo;DIAL&rsquo;s rules-based investment approach aims to address investor concerns of having consistent income with downside protection, regardless of the interest rate environment,&rdquo; <a href="http://www.businesswire.com/news/home/20171012005744/en/Columbia-Threadneedle-Investments-Launches-Columbia-Diversified-Fixed">said the issuer in a statement</a>.
Traditional aggregate bond funds often lack the diversification income-seeking fixed income investors are looking for as those funds are usually heavily allocated to U.S. Treasuries and mortgage-backed securities while lacking exposure to even investment-grade corporate bonds, let alone higher-yielding emerging markets debt.
<h3>
	Support For Smart Beta Bond Funds</h3>
The smart beta bond movement is still in its nascent stages, but some data points indicate advisors and investors will consider alternatively-weighted bond funds.
&ldquo;While the strategic beta fixed income ETF market is in the early stages of adoption, according to a recent Columbia Threadneedle Investments survey of financial advisors and investment managers, over half would consider investing in a strategic beta fixed income ETF,&rdquo; said DIAL&#39;s issuer. &ldquo;Respondents ranked expertise as an active fixed income manager and track record as the top considerations (both 20 percent) when purchasing a fixed income strategic beta product.&rdquo;
The new ETF charges 0.28 percent per year, or $28 on a $10,000 investment, making it favorably priced among smart beta bond offerings.
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/10/10169169/guarding-against-inflation-for-a-nominal-fee#/null">A Cheap Inflation-Fighting ETF</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/10/10169166/an-etf-levered-to-the-cryptocurrency-trade">An ETF For The Bitcoin Trade</a>

Cumulus Media (Nasdaq: <a class="ticker" href="/stock/cmls#Nasdaq">CMLS</a>)
announced today that it has completed the previously announced acquisition of
WestwoodOne, Inc. ("WWO"), formerly known as Dial Global, Inc., for $260
million in cash, consisting of approximately $45 million attributable to the
equity of WWO and the retirement of $215 million of debt of WWO. Cumulus used
cash on hand, including approximately $238 million in cash proceeds from the
Company's previously completed sale of 53 radio stations in 12 small and
mid-sized markets in November 2013 to Townsquare Media, LLC.

The acquisition of WestwoodOne will add sports, news, talk, music and
programming services content – enabling Cumulus to provide a wider variety of
options to approximately 10,000 U.S. radio stations, other media platforms and
international platforms. New content acquired includes NFL, NCAA, NASCAR,
Olympics, AP Radio News, NBC News, the GRAMMY Awards and other popular
programming.

Additionally, the combination of these content assets, along with the
infrastructure to create new content vehicles and local activation
opportunities, is expected to allow Cumulus to provide more extensive
solutions for broadcast radio advertisers.

Although the merger was not subject to the pre-closing notification
requirements of the Hart-Scott-Rodino Antitrust Improvements Act, the
Antitrust Division of the Department of Justice (DOJ) is conducting a review
of the transaction. While Cumulus believes the merger does not raise any
anti-competitive issues, it continues to voluntarily assist the DOJ with its
evaluation. However, it cannot predict if the DOJ will elect to seek, or
obtain, any remedies, or the effect that any remedies may have on Cumulus'
business, financial condition or results of operations.

Forward-Looking Statements

Certain statements in this release may constitute "forward-looking" statements
within the meaning of the Private Securities Litigation Reform Act of 1995 and
other federal securities laws. Such statements are statements other than
historical fact and relate to our intent, belief or current expectations
primarily with respect to our future operating, financial and strategic
performance. Any such forward-looking statements are not guarantees of future
performance and may involve risks and uncertainties. Actual results may differ
from those contained in or implied by the forward-looking statements as a
result of various factors, including, but not limited to, risks and
uncertainties relating to any action that may be taken by the Department of
Justice with respect to its ongoing investigation of the recently completed
merger, our need for additional funds to service our debt and to execute our
business strategy, our ability to timely and cost-effectively renew any one or
more of our broadcast licenses, changes in interest rates, our ability to
timely complete any pending acquisitions or dispositions, our ability to
manage costs and obtain synergies in connection with the integration of
completed acquisitions, our ability to effectively manage our operating costs,
including in connection with our revenue growth, the popularity of radio as a
broadcasting and advertising medium, changing consumer tastes, the impact of
general economic conditions in the United States or in specific markets in
which we currently do business, industry conditions, including existing
competition and future competitive technologies and cancellation, disruptions
or postponements of advertising schedules in response to exogenous national or
world events, our ability to generate revenues from new sources, including
local commerce and technology-based initiatives and other risk factors
described from time to time in our filings with the Securities and Exchange
Commission, including our Form 10-K for the year ended December 31, 2012 and
subsequently filed Forms 10-Q. Many of these risks and uncertainties are
beyond our control, and the unexpected occurrence or failure to occur of any
such events or matters could significantly alter our actual results of
operations or financial condition. Cumulus Media Inc. assumes no
responsibility to update any forward-looking statement as a result of new
information, future events or otherwise.

About Cumulus Media Inc.

Cumulus Media (Nasdaq: <a class="ticker" href="/stock/cmls#Nasdaq">CMLS</a>) is the largest pure-play radio broadcaster in the
United States based on station count, with 457 owned and operated stations in
89 U.S. media markets and a fully-distributed programming network serving more
than 10,000 affiliates nationwide, which contains a portfolio of iconic media,
sports and entertainment brands. Cumulus strives to create the next generation
of radio broadcasting and digital enterprise based on great people and
technological excellence. Cumulus provides high-quality local programming
choices for listeners and advertisers, challenging career environments for
employees and value opportunities for shareholders. For more information,
visit www.cumulus.com.

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