Stocks expected to rise on US debt deal

By Jenniffer B. Austria

SHARE prices are expected to bounce back this week after last week’s dismal performance if talks over the United State’s debt limit is finalized this week.

US President Joe Biden and Republican legislators reached an agreement in principle to raise the US debt ceiling and thereby avoid catastrophic default,

NOTICE OF ANNUAL SHAREHOLDERS’ MEETING

NOTICE IS HEREBY GIVEN that the annual meeting of shareholders of FIRST METRO PHILIPPINE EQUITY EXCHANGE TRADED FUND, INC. (FIRST METROETF) will be conducted on Wednesday, June 21, 2023 at 2:00 o’clock in the afternoon via zoom webinar.

AGENDA

US media reported Saturday.

US Bureau of Treasury Secretary Janet Yellen said over the weekend June 5 is the new date when the US government could start to default on its debts if the ceiling is not raised.

“If the two camps of the US government strike a deal next week, then it is expected to spur positive sentiment

NOTICE OF ANNUAL SHAREHOLDERS’ MEETING

1. Call to Order

2. Certification of Notice and Quorum

3. Approval of the Minutes of the Annual Stockholders’ Meeting held on June 30, 2022

4. Annual Report

5. Ratification of Corporate Acts

6. Election of the Members of the Board of Directors

7. Appointment of External Auditor

8. Adjournment

Stockholders of record as of May 19, 2023 shall be entitled to vote at the meeting.

Date signed: May 22, 2023

Corporate Secretary

NOTICE OF ANNUAL SHAREHOLDERS’ MEETING

NOTICE IS HEREBY GIVEN that the annual meeting of shareholders of FIRST METRO SAVE AND LEARN PHILIPPINE INDEX FUND, INC. (SALPHIN) will be conducted on Thursday, June 22, 2023 at 2:00 o’clock in the afternoon via zoom webinar.

AGENDA which in turn may lead to a bounce back for the local bourse. If not, however, the local market may extend its decline,” Philstocks research manager Japhet Tantiangco said.

The bellwether Philippine Stock Exchange index fell 134 points last week to close at 6,530 amid concerns over the lack of a deal on the US debt

NOTICE IS HEREBY GIVEN that the annual meeting of shareholders of FIRST METRO SAVE AND LEARN DOLLAR BOND FUND, INC. (SALDBF) will be conducted on Thursday, June 22, 2023 at 2:00 o’clock in the afternoon via zoom webinar. AGENDA

1. Call to Order

2. Certification of Notice and Quorum

3. Approval of the Minutes of the Annual Stockholders’ Meeting held on June 29, 2022

4. Annual Report to the Stockholders

5. Ratification of all Acts and Resolutions of the Board of Directors, Management and All Committees for the fiscal year 2022, including the following: a. Renewal of the Management Distribution Agreement

6. Election of the Members of the Board of Directors for the year 2023-2024

7. Appointment of External Auditor for the year 2023

8. Other Matters

9. Adjournment Stockholders of record as of May 18, 2023 shall be entitled to vote at the meeting.

Date signed: May 22, 2023

Notice

Corporate Secretary

OF ANNUAL SHAREHOLDERS’ MEETING

NOTICE IS HEREBY GIVEN that the annual meeting of shareholders of FIRST METRO CONSUMER FUND, INC. (FMCF) will be conducted on Thursday, June 22, 2023 at 2:00 o’clock in the afternoon via zoom webinar.

AGENDA

1. Call to Order

2. Certification of Notice and Quorum

3. Approval of the Minutes of the previous AnnualStockholders’ Meeting held on June 29, 2022

4. Annual Report to the stockholders

5. Ratification of Corporate Acts

6. Election of the Members of the Board of Directors

7. Appointment of External Auditor

8. Adjournment Stockholders of record as of May 18, 2023 shall be entitled to vote at the meeting.

Date signed: May 22, 2023

I . Call to Order

2. Certification of Notice and Quorum

3. Approval of the Minutes of the Annual Stockholders’ Meeting held on June 29, 2022

4. Annual Report to the Stockholders

5. Ratification of all Acts and Resolutions of the Board of Directors, Management and All Committees for the fiscal year 2022, including the following: a. Renewal of the Management Distribution Agreement

6. Election of the Members of the Board of Directors for the year 2023-2024

7. Appointment of External Auditor for the year 2023

8. Other Matters

9. Adjournment Stockholders of record as of May 18, 2023 shall be entitled to vote at the meeting.

Date signed: May 22, 2023

Corporate Secretary

Corporate Secretary shareholders of FIRST METRO SAVE AND LEARN BALANCED FUND, INC. (SALBF) will be conducted on Thursday, June 22, 2023 at 2:00 o’clock in the afternoon via zoom webinar.

I. Call to Order

AGENDA

2. Certification of Notice and Quorum

3. Approval of the Minutes of the Annual Stockholders’ Meeting held on June 29, 2022

4. Annual Report to the Stockholders

5. Ratification of all Acts and Resolutions of the Board of Directors, Management and All Committees for the fiscal year 2022, including the following: ceiling negotiations.

“For now, we see the local bourse’s support at 6,400. Resistance is seen at 6,600,” Tantiangco said.

Analysts said as overseas developments would likely take much of investors attention this week, traders would likely stay on the sidelines until the negotiations on US debt ceiling is finalized. With AFP

NOTICE OF ANNUAL SHAREHOLDERS’

MEETING

NOTICE IS HEREBY GIVEN that the annual meeting of shareholders of FIRST METRO SAVE AND LEARN F.O.C.C.U.S. DYNAMIC FUND, INC. (SALFOCCUS) will be conducted on Thursday, June 22, 2023 at 2:00 o’clock in the afternoon via zoom webinar. AGENDA

1. Call to Order

2. Certification of Notice and Quorum

3. Approval of the Minutes of the Annual Stockholders’ Meeting held on June 29, 2022

4. Annual Report to the Stockholders

5. Ratification of all Acts and Resolutions of the Board of Directors, Management and All Committees for the fiscal year 2022, including the following: a. Renewal of the Management Distribution Agreement

6. Election of the Members of the Board of Directors for the year 2023-2024

7. AppOintment of External Auditor for the year 2023

8. Other Matters

9. Adjournment Stockholders of record as of May 18, 2023 shall be entitled to vote at the meeting.

Date signed: May 22, 2023

NOTICE OF ANNUAL SHAREHOLDERS’ MEETING

NOTICE IS HEREBY GIVEN that the annual meeting of shareholders of FIRST METRO SAVE AND LEARN MONEY MARKET FUND, INC. (SALMMF) will be conducted on Thursday, June 22, 2023 at 2:00 o’clock in the afternoon via zoom webinar.

1. Call to Order

AGENDA

2. Certification of Notice and Quorum

3. Approval of the Minutes of the Annual Stockholders’ Meeting held on June 29, 2022

4. Annual Report to the Stockholders

5. Ratification of all Acts and Resolutions of the Board of Directors, Management and All Committees for the fiscal year 2022, including the following: a. Renewal of the Management Distribution Agreement. b. Amendment to the By-Laws as follows: i. Amendment of the By-Laws to align provisions with the Revised Corporation Code and ICA IRR.

6. Election of the Members of the Board of Directors for the year 2023-2024

7. Appointment of External Auditor for the year 2023

8. Other Matters

9. . Adjournment Stockholders of record as of May 18, 2023 shall be entitled to vote at the meeting.

Date signed: May 22, 2023

NOTICE

Corporate Secretary

(SALFIF) will be conducted on Thursday, June 23, 2023 at 2:00 o’clock in the afternoon via zoom webinar.

1. Call to Order

AGENDA

2. Certification of Notice and Quorum

3. Approval of the Minutes of the Annual Stockholders’ Meeting held on June 29, 2022

4. Annual Report to the Stockholders

5. Ratification of all Acts and Resolutions of the Board of Directors, Management and All Committees for the fiscal year 2022, including the following: a. Renewal of the Management Distribution Agreement

6. Election of the Members of the Board of Directors for the year 2023-2024

7. Appointment of External Auditor for the year 2023

8. Other Matters

9. Adjournment

Stockholders of record as of May 18, 2023 shall be entitled to vote at the meeting.

Date signed: May 22, 2023

Corporate Secretary