By Kitco News, Contributor (Kitco News) – A plunge in gold and silver prices coupled with an extended maintenance shutdown at one of Agnico Eagle Mines Ltd.’s (NYSE, TSX: AEM) large gold producing mines hurt the company in the second quarter. …read more
Source: FULL ARTICLE at Forbes Latest
By Business Wirevia The Motley Fool
Filed under: Investing
PREIT Expands Foothold in the Philadelphia Market
PHILADELPHIA–(BUSINESS WIRE)– Pennsylvania Real Estate Investment Trust (PREIT/NYSE: PEI) has acquired the 430,000 square foot, six story property located on the 900 block of Market Street in Philadelphia (“907 Market”). The building lies between two adjacent buildings owned by PREIT and is part of the retail complex known as The Gallery at Market East. The purchase price was approximately $59.6 million after giving effect to credits received by the Company, representing a capitalization rate of approximately 5.7% on in-place net operating income. The acquisition was funded by cash and a $10 million note that carries a 5% interest rate and is pre-payable at any time.
907 Market is comprised of 211,000 square feet of office space of which approximately 69,000 square feet is vacant and 219,000 square feet of retail space of which approximately 12,000 square feet is vacant. The building is currently 81.2% occupied. The majority of the retail space is leased to Kmart, whose lease expires in 2014.
“This is the final step in the acquisition of an assemblage of three blocks of prime real estate in Philadelphia, the nation’s sixth largest MSA,” said Joseph F. Coradino, CEO of PREIT. “As we contemplate vehicles for future growth, we feel The Gallery at Market East represents a significant opportunity.”
About Pennsylvania Real Estate Investment Trust
Pennsylvania Real Estate Investment Trust, founded in 1960 and one of the first equity REITs in the U.S., has a primary investment focus on retail shopping malls. Currently, the Company’s portfolio of 46 properties comprises 36 shopping malls, seven community and power centers, and three development properties. The Company’s properties are located in 13 states in the eastern half of the United States, primarily in the Mid-Atlantic region. The operating retail properties have approximately 31.0 million total square feet of space. PREIT, headquartered in Philadelphia, Pennsylvania, is publicly traded on the NYSE under the symbol PEI. The Company’s website can be found at www.preit.com.
Forward Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A
From: http://www.dailyfinance.com/2013/04/17/preit-expands-foothold-in-the-philadelphia-market/
On Monday April 9, MGT Capital (MGT) experienced some unusual trading activity. The stock rocketed up over 20% on over ten times its average trading volume. The company had made no material announcements, and when NYSE sent its standard inquiry, MGT Capital promptly denied any knowledge of what might have caused the flurry of activity. Whatever it was, some investor(s) decided that they wanted in. So, what was it? Why now, on just an ordinary, sleepy spring Monday? After some quiet profit-taking on Tuesday and Wednesday, the craziness commenced anew on both Thursday the 11th and Friday the 12th. I had to take a closer look.
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Filed under: Investing
Vanguard Natural Resources, LLC to Switch Stock Exchange Listing to The NASDAQ Stock Market
HOUSTON–(BUSINESS WIRE)– Vanguard Natural Resources, LLC (NYS: VNR) (“Vanguard”) announced today its intention to voluntarily transfer its stock exchange listing from the New York Stock Exchange (“NYSE”) to The NASDAQ Global Select Market (“NASDAQ”), an exchange of The NASDAQ OMX Group Inc. (NAS: NDAQ) . Vanguard currently expects that its Class A common units will commence trading on the NASDAQ on April 23, 2013 and will continue to be listed under the ticker symbol “VNR.” Vanguard’s common units will continue to trade on the NYSE until the transfer has been completed.
Scott W. Smith, President & Chief Executive Officer, commented, “After careful consideration, we believe the NASDAQ will provide our unitholders with access to an advanced trading platform and will be a more cost effective platform for Vanguard currently and even more so in the future as we continue to grow. In addition, NASDAQ offers quantitative and qualitative governance standards more beneficial to listed companies with significant retail unitholders, particularly those related to quorum requirements.”
“We are proud to welcome Vanguard Natural Resources to NASDAQ’s family of premier energy companies,” said Bruce Aust, Executive Vice President, Global Corporate Client Group, NASDAQ OMX. “Vanguard Natural Resources joins more than 130 companies to transfer their listings to The NASDAQ Stock Market in recent years, and we look forward to supporting VNR and its unitholders in the years to come.”
About Vanguard Natural Resources, LLC
Vanguard Natural Resources, LLC is a publicly traded limited liability company focused on the acquisition, production and development of mature, long-lived oil and natural gas properties in the United States. The Company’s assets consist primarily of producing and non-producing oil and natural gas reserves located in the Arkoma Basin in Arkansas and Oklahoma, Permian Basin in West Texas and New Mexico, the Big Horn Basin in Wyoming and Montana, the Piceance Basin in Colorado, South Texas, the Williston Basin in North Dakota and Montana, the Wind River Basin in Wyoming, the Powder River Basin in Wyoming and Mississippi. More information on Vanguard can be found at www.vnrllc.com.
Forward-Looking Statements
We make statements in this news release that are considered forward-looking statements
From: http://www.dailyfinance.com/2013/04/11/vanguard-natural-resources-llc-to-switch-stock-exc/
By Business Wirevia The Motley Fool
Filed under: Investing
Orko and Coeur Announce Election Report
VANCOUVER, British Columbia & COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Orko Silver Corp. (“Orko”) (TSX-V: OK) (Frankfurt: OG3) (OTCUS: OKOFF) and Coeur d’Alene Mines Corporation (“Coeur”) (NYS: CDE) (TSX: CDM) are pleased to provide an update regarding the consideration to be received by Orko shareholders pursuant to the previously announced plan of arrangement (the “Arrangement”) whereby Coeur will acquire all of the issued and outstanding common shares of Orko (the “Orko Shares”). As previously announced, the Arrangement was approved by Orko shareholders yesterday.
Orko and Coeur received an election report from Computershare Trust Company of Canada setting out the number of common shares of Coeur (the “Coeur Shares“), warrants to purchase Coeur Shares (the “Coeur Warrants“) and/or cash consideration that each Orko shareholder will be entitled to receive pursuant to the Arrangement, after proration, as follows:
The cash consideration alternative was oversubscribed, and pursuant to the proration methodology established under the Arrangement, Orko shareholders who have elected to receive the cash consideration will receive the cash, Coeur Shares and Coeur Warrants as described above.
Pursuant to the Arrangement, Orko shareholders will receive total cash consideration of CAD$100 million, 11,572,918 Coeur Shares and 1,588,768 Coeur Warrants. Following the completion of the Arrangement, the current Orko shareholders will hold approximately 11% of the issued and outstanding Coeur Shares (prior to the exercise of the Coeur Warrants). The Coeur Warrants will trade under the symbol “CDE.WS” on the NYSE and “CDM.WT” on the TSX. Trading is expected to commence on April 17, 2013 on both exchanges.
Orko will apply for a final order of the Supreme Court of British Columbia approving the Arrangement on Friday, April 12, 2013 and, assuming receipt of court approval and the satisfaction
From: http://www.dailyfinance.com/2013/04/11/orko-and-coeur-announce-election-report/
By Business Wirevia The Motley Fool
Filed under: Investing
Taylor Morrison Celebrates Initial Public Offering and First Day of Trading on the New York Stock Exchange
NEW YORK–(BUSINESS WIRE)– Scottsdale, Ariz.-based Taylor Morrison, a leading builder and developer of single-family detached and attached homes, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “TMHC” after its initial public offering. Barclays Capital is the Designated Market Maker (DMM) for the company’s stock. President and Chief Executive Officer Sheryl Palmer, joined by members of the Taylor Morrison management team, celebrated the company’s first day of trading by visiting the NYSE trading floor for the stock opening and by ringing The Opening Bell®.
Taylor Morrison President and Chief Executive Officer Sheryl Palmer, joined by members of the Taylor Morrison management team, rings the NYSE Opening Bell(R) to celebrate the company’s IPO and first day of trading on the NYSE. (Source: NYSE Euronext photo)
“We welcome Taylor Morrison in joining the NYSE‘s community of listed companies,” said Scott Cutler, Executive Vice President, Head of Global Listings, NYSE Euronext. With its diverse line of consumer housing, Taylor Morrison offers a suite of brands to best serve the needs of its customers. “We look forward to a successful and lasting partnership with Taylor Morrison and its shareholders.”
For more information on NYSE Euronext’s listings business and to learn about trends in the IPO market, please visit the NYSE Euronext IPO Center.
About Taylor Morrison (NYSE: TMHC)
Headquartered in Scottsdale, Arizona, the Company operates in the U.S. under the Taylor Morrison and Darling Homes brands and in Canada under the Monarch brand. Taylor Morrison is a land developer and builder of single-family detached and attached homes serving a wide array of customers from first-time buyers and move-up families to luxury and active adult customers. Taylor Morrison divisions operate in Arizona, California, Colorado, Florida and Texas. Darling Homes serves move-up families and luxury homebuyers in Texas. Monarch, Canada‘s oldest homebuilder builds homes for first-time buyers and move-up families in Toronto and Ottawa as well as high rise condominiums in Toronto.
For more information about Taylor Morrison, Darling Homes or Monarch, please visit www.taylormorrison.com, www.darlinghomes.com and www.monarchgroup.net.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies.
Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
Filed under: Investing
Trex Company to Announce First-Quarter-2013 Results on May 3 rd
WINCHESTER, Va.–(BUSINESS WIRE)– Trex Company, Inc. (NYS: TREX) , the leading manufacturer of wood-alternative decking and railing, will release its first-quarter-2013 results before the NYSE opens for regular trading on Friday, May 3, 2013.
The company will hold its quarterly conference call at 10:00 a.m. ET on Friday, May 3, 2013. To participate in the live conference call by telephone, please dial 706-634-1218 or 888-803-7566 and reference conference ID #34072251. A live webcast of the conference call will be available in the Investor Relations section of the Trex Company website at http://www.trex.com.
For those who cannot listen to the live broadcast, an audio replay of the conference call will be available on the Trex website for 30 days.
About Trex Company
Trex Company is the world’s largest manufacturer of wood-alternative decking and railing, with more than 20 years of product experience. Stocked in more than 6,000 retail locations throughout the world, Trex® outdoor living products offer a wide range of style options with fewer ongoing maintenance requirements than wood, as well as a truly environmentally responsible choice. For more information, visit trex.com.
Trex Company, Inc.
James Cline, Chief Financial Officer, 540-542-6300
or
LHA
Harriet Fried, 212-838-3777
KEYWORDS: United States North America Virginia
INDUSTRY KEYWORDS:
The article Trex Company to Announce First-Quarter-2013 Results on May 3rd originally appeared on Fool.com.
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Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
Filed under: Investing
Herbalife Response to Media Inquiries
LOS ANGELES–(BUSINESS WIRE)– Herbalife (NYS: HLF) today issued the following statement in response to media inquiries:
We believe we are currently in compliance with New York Stock Exchange (NYSE) listing requirements and we do not anticipate that the NYSE will initiate any type of proceeding to delist the company. Earlier today, the company proactively reached out to NYSE officials regarding its detailed plan to replace KPMG and will keep the exchange fully apprised of those efforts. In addition, the company has confirmed that KPMG‘s resignation as the company’s auditor and KPMG‘s withdrawal of its prior audit opinions will not result in a default under Herbalife’s existing credit facilities.
About Herbalife Ltd.
Herbalife Ltd. (NYS: HLF) is a global nutrition company that sells weight-management, nutrition and personal care products intended to support a healthy lifestyle. Herbalife products are sold in more than 80 countries to and through a network of independent distributors. The company supports the Herbalife Family Foundation and its Casa Herbalife program to help bring good nutrition to children. Herbalife’s website contains information about Herbalife, including financial and other information for investors at http://ir.Herbalife.com. The company encourages investors to visit its website from time to time, as information is updated and new information is posted.
FORWARD-LOOKING STATEMENTS
Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, such as those disclosed or incorporated by reference in our filings with the Securities and Exchange Commission. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, among others, the following:
Source: FULL ARTICLE at DailyFinance
Filed under: Market News
SeaWorld looks to make a big splash on Wall Street: The theme park operator is going public, probably launching its initial public offering this month.
It will offer 20 million shares, expecting to price them between $24-27 apiece.
The company operates 11 theme parks. There are the three SeaWorlds, located in Orlando, San Diego and San Antonio, and it also owns Busch Gardens, Sesame Place and several other water-themed parks.
Its kingdom includes 67,000 animals, the most famous of which are the Shamu killer whales.
The company is owned by Blackstone Group (BX), the world’s largest private-equity firm. It bought SeaWorld in 2009 from Anheuser-Busch (BUD) for $2.7 billion.
The initial pricing numbers value SeaWorld at about $5 billion dollars.
Blackstone opted for the IPO instead of selling SeaWorld. Both Apollo Global (APO) and Onex Corp. (OCX) had reportedly offered to buy the company.
And the theme park business has been profitable. SeaWorld’s earnings surged to more than $77 million dollars last year, up from $19 million in 2011. Revenue rose 7 percent to $1.4 billion.
The IPO is expected to raise about $500 million. Half will go to Blackstone, half to SeaWorld. It will use the money to reduce debt. Blackstone will continue to be the majority shareholder.
And theme park stocks have been doing quite well. Six Flags (SIX) has soared 60 percent over the past year and Cedar Fair (FUN) has gained 41 percent.
Blackstone launched a successful IPO last month: Pinnacle Foods (PF). It’s the maker of Duncan Hines, Birds Eye and other well-known brands. Its stock has jumped 20 percent since it was launched late last month.
But there are risks. SeaWorld notes in its SEC filing that economic conditions can hurt attendance, which declined in 2009 and 2010 due to the global economic crisis.
In addition, SeaWorld also noted the risks of featuring animals. In February 2010, a trainer was killed by a whale during a performance.
But SeaWorld is a popular and profitable brand that will probably draw a fair amount of interest when it debuts here at the NYSE.
-Produced by Drew Trachtenberg
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Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
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CIRCOR CEO Scott Buckhout to Receive Equity Inducement Awards
BURLINGTON, Mass.–(BUSINESS WIRE)– CIRCOR International, Inc. (NYS: CIR) , a leading provider of valves and other highly engineered products for the energy, industrial and aerospace markets, today announced, as required by New York Stock Exchange (NYSE) rules, that it will grant the following equity inducement award to its newly appointed President and Chief Executive Officer, Scott A. Buckhout, upon his commencement of employment with the Company today, April 9, 2013 (the “Grant Date”):
A stock option exercisable for a maximum of 200,000 shares of the Company’s common stock having an exercise price of $41.17 per share (the closing price per share of the Company’s common stock on April 8, 2013 as listed on the NYSE) and a vesting schedule as follows:
|
Stock Price Target
(met for 60 continuous |
Cumulative Vested
(in shares) |
|||
| $50.00 |
By Business Wirevia The Motley Fool
Filed under: Investing
Retail Properties of America, Inc. to Ring Opening Bell at the New York Stock Exchange
OAK BROOK, Ill.–(BUSINESS WIRE)– Retail Properties of America, Inc. (NYS: RPAI) is pleased to announce that it will ring the Opening Bell at the New York Stock Exchange (NYSE) on Tuesday, April 9, 2013, to commemorate the Company’s first year as a publicly-traded company. The Company celebrated its initial public offering at the NYSE on April 5, 2012.
Steve Grimes, president and chief executive officer of RPAI, said “We are honored to ring the Opening Bell at the NYSE to celebrate our one year anniversary as a publicly- traded company. We are very pleased with our performance over the last year, which is a testament to our talented and dedicated team of employees. We look forward to building on this success for many years to come.”
The RPAI Board of Directors and executive management team will join Mr. Grimes as he rings the Opening Bell at 8:30 AM (CDT). A live webcast of the ceremony will be available beginning at 8:29 AM (CDT) at the NYSE website https://nyse.nyx.com/the-bell/todays-bells-live.
About Retail Properties of America, Inc.
Retail Properties of America, Inc. is a fully integrated, self-administered and self-managed real estate investment trust that owns and operates high quality, strategically located shopping centers across 35 states. The Company is one of the largest owners and operators of shopping centers in the United States. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the Company may be found at www.rpai.com.
Retail Properties of America, Inc.
Investor Inquiries:
Michael Fitzmaurice
Vice President
800.541.7661
Fitzmaurice@rpai.com
KEYWORDS: United States North America Illinois New York
INDUSTRY KEYWORDS:
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Copyright © 1995 – 2013 The Motley Fool, LLC. …read more
Source: FULL ARTICLE at DailyFinance
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Filed under: Investing
Oragenics Announces Approval of Common Stock Listing on NYSE MKT
TAMPA, Fla.–(BUSINESS WIRE)– Oragenics, Inc. (OTCBB: OGEN) (the “Company”) announced today that its common stock has been approved for listing on the NYSE Euronext’s NYSE MKT. Trading is expected to commence on the NYSE MKT on Wednesday, April 10, 2013 under the ticker symbol ‘OGEN’.
“We are pleased to begin trading on NYSE MKT,” said John N. Bonfiglio PhD, President and CEO of Oragenics. “This listing marks an important step in our Company’s development by giving us greater access to a broader investor base and by providing increased transparency and liquidity for the financial community.”
“We welcome Oragenics, Inc. to the NYSE MKT family of listed companies,” Scott Cutler, Executive Vice President, Global Listings at NYSE Euronext. “Oragenics will be joining other growth oriented companies in the U.S. taking advantage of the NYSE‘s advanced and innovative market model to offer a premier value for listing and trading their stocks.”
The listing approval is contingent on the Company continuing to meet all of the initial listing requirements on the day it is scheduled to commence trading.
About Oragenics, Inc.
Oragenics, Inc. is focused on becoming the world leader in novel antibiotics against infectious disease and probiotics for oral health for humans and pets. Oragenics, Inc. has established an exclusive worldwide channel collaboration for lantibiotics, a novel class of broad spectrum antibiotics, with Intrexon Corporation Inc., a synthetic biology company. The collaboration will allow Oragenics access to Intrexon’s proprietary technologies with the idea of accelerating the development of much needed new antibiotics that will work against resistant strains of bacteria. Oragenics also develops, markets and sells proprietary probiotics specifically designed to enhance oral health for humans and pets, under the brand names Evora and ProBiora in over 13 countries worldwide.
Safe Harbor Statement:
Under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These forward-looking statements are based on management’s beliefs and assumptions and information currently available. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project” and similar expressions that do not relate solely to historical matters identify forward-looking statements. Investors should be cautious in relying on forward-looking …read more
Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
Filed under: Investing
AmREIT Announces First Quarter 2013 Earnings Release Date and Conference Call Information
HOUSTON–(BUSINESS WIRE)– AmREIT, Inc., a Houston based real estate company that has elected to be taxed as a real estate investment trust, will announce its first quarter 2013 earnings in a press release to be issued on Tuesday, May 7, 2013 after the market closes.
The conference call for the first quarter earnings will take place on Wednesday, May 8, 2013, at 11:00 AM Eastern Daylight Time (EDT). To participate in the conference call, please call 1-888-317-6016 approximately 10 minutes before the scheduled start time. The conference call will be recorded and a replay of the call will be available via webcast shortly after the call concludes.
The conference call will be webcast live at www.amreit.com and can be accessed under the Investors tab of the Company’s website. The complete earnings release and supplemental data package will be located in the Investor Relations section of the website on the quarterly earnings page.
A telephonic replay of the conference call will be available for 14 days following the conference call. To access the telephonic replay of the conference call, dial 1-877-344-7529 and enter passcode 10027417.
About AmREIT, Inc.
AmREIT believes it has one of the highest quality grocery and drugstore anchored retail portfolios in the REIT sector. AmREIT’s 28-year old established platform has localized acquisition, operation and redevelopment expertise in the most densely populated and affluent submarkets of five of the top markets in the US: Houston, Dallas, San Antonio, Austin and Atlanta. Texas is one of the best performing economies in the country and 91% of AmREIT’s income is generated by its properties that are located in this market. AmREIT’s core portfolio was 96.7% occupied as of December 31, 2012, and its top five tenants included Kroger, Landry’s, CVS/Pharmacy, H-E-B and Publix. AmREIT has access to an acquisition pipeline through its value add joint ventures, including three leading institutional investors who partner with the company as local experts. AmREIT’s shares are traded on the NYSE under the symbol “AMRE.” For more information, please visit www.amreit.com .
AmREIT, Inc.
Chad C. Braun, 713-850-1400
cbraun@amreit.com
KEYWORDS: United States North America Texas
INDUSTRY KEYWORDS:
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Vishay Intertechnology to Announce First Quarter 2013 Financial Results Tuesday, April 30
MALVERN, Pa.–(BUSINESS WIRE)– Vishay Intertechnology, Inc. (NYS: VSH) , will release results for the first quarter ending March 30, 2013 before the NYSE opens on April 30, 2013.
A conference call to discuss first quarter financial results is scheduled for Tuesday, April 30, 2013 at 9:00 AM ET. The dial-in number for the conference call is 877-589-6174 (+1 706-643-1406 if calling from outside the United States or Canada) and the conference ID is 31728035.
There will be a replay of the conference call from 10:30 AM ET on Tuesday, April 30, 2013 through 11:59 PM ET on Monday, May 6, 2013. The telephone number for the replay is 800-585-8367 (+1 855-859-2056 or 404-537-3406 if calling from outside the United States or Canada) and the access code is 31728035.
There will also be a live audio webcast of the conference call. This can be accessed directly from the Investor Relations section of the Vishay website at http://ir.vishay.com.
About Vishay
Vishay Intertechnology, Inc., a Fortune 1000 Company listed on the NYSE (VSH), is one of the world’s largest manufacturers of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, power supplies, and medical markets. Vishay’s product innovations, successful acquisition strategy, and “one-stop shop” service have made it a global industry leader. Vishay can be found on the Internet at http://www.vishay.com.
Vishay Intertechnology, Inc.
Peter G. Henrici
Senior Vice President, Corporate Communications
+1-610-644-1300
KEYWORDS: United States North America Pennsylvania
INDUSTRY KEYWORDS:
The article Vishay Intertechnology to Announce First Quarter 2013 Financial Results Tuesday, April 30 originally appeared on Fool.com.
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Wausau Paper to Release 2013 First-Quarter Results on April 29
MOSINEE, Wis.–(BUSINESS WIRE)– Wausau Paper (NYSE: WPP) will release 2013 first-quarter financial results on Monday, April 29, 2013, after the closing of the New York Stock Exchange. The company will hold a webcast to discuss earnings and current market conditions at 10:00 a.m. Eastern time on Tuesday, April 30.
All interested parties are invited to listen to the webcast via the investors section of the company’s Internet site at www.wausaupaper.com. A replay of the call will also be available on the website from 1:00 p.m. Eastern time on April 30, 2013 until midnight May 7.
About Wausau Paper:
Wausau Paper produces and markets specialty papers for industrial, commercial and consumer end markets as well as a complete line of away-from-home towel and tissue products. The company is headquartered in Mosinee, Wisconsin and is listed on the NYSE under the symbol WPP. To learn more about Wausau Paper visit: www.wausaupaper.com.
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The matters discussed in this news release concerning the company’s future performance or anticipated financial results are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties which may cause results to differ materially from those set forth in these statements. Among other things, these risks and uncertainties include the strength of the economy and demand for paper products, increases in raw material and energy prices, manufacturing problems at company facilities, and other risks and assumptions described under “Information Concerning Forward-Looking Statements” in Item 7 and in Item 1A of the company’s Form 10-K for the year ended December 31, 2012. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Wausau Paper Corp.
Investor and Media Contact:
Perry Grueber, 715-692-2056
Director Investor Relations
pgrueber@wausaupaper.com
Fax:715-692-2020
KEYWORDS: United States North America Wisconsin
INDUSTRY KEYWORDS:
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Envestnet Provides Update on Form 10-K Filing
CHICAGO–(BUSINESS WIRE)– Envestnet (NYS: ENV) , a leading provider of unified wealth management technology and services to investment advisors, today reported that it has delayed the filing of its Annual Report on Form 10-K for the year ended December 31, 2012 beyond the April 2, 2013 extended filing due date. As Envestnet indicated in its April 3, 2013 Current Report on Form 8-K, on April 2, 2013 its Audit Committee engaged KPMG LLP to re-audit Envestnet’s financial statements for the year ended December 31, 2010 as a result of independence concerns with its prior auditor. Envestnet previously had engaged KPMG LLP to audit Envestnet’s financial statements for the year ended December 31, 2012 and to re-audit Envestnet’s financial statements for the year ended December 31, 2011 as a result of the same concerns.
As a result of the filing delay, Envestnet received a letter from the New York Stock Exchange (the “NYSE“) notifying Envestnet that it was not currently in compliance with the NYSE‘s continued listing requirements under the timely filing criteria set forth in Section 802.01E of the NYSE Listed Company Manual. Such notices are routinely issued by the NYSE in situations when there are late filings with the Securities and Exchange Commission. On April 3, 2013, Envestnet informed the NYSE that Envestnet is working diligently to complete the 2012 Form 10-K.
Under NYSE rules, Envestnet has six months from April 2, 2013, subject to ongoing evaluation, to file its Form 10-K. Until Envestnet files its Form 10-K, its common stock will remain listed on the NYSE under the symbol “ENV,” but will be assigned an “LF” indicator to signify late filing status. Envestnet can regain compliance with the NYSE listing standards at any time during this six-month period once it files its Form 10-K with the SEC. If Envestnet fails to file its annual report within such six-month period, the NYSE may, in its sole discretion, allow Envestnet’s common stock to trade for up to an additional six months depending on specific circumstances as outlined in the rule. It is expected that Envestnet would need to submit an official request to the NYSE for the NYSE‘s consideration at the appropriate time.
Although Envestnet is working diligently to complete the 2012 Form 10-K and currently expects to complete and file the 2012 Form 10-K within six months of its due date, no assurance can be given that the 2012 Form 10-K will be filed within such period, or that the NYSE would allow Envestnet’s securities to trade for …read more
Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
Filed under: Investing
NYSE Euronext Announces Trading Volumes for March 2013 and Other Metrics
European Derivatives ADV Up Nearly 9% versus Prior Year
European, U.S. Cash Equities and U.S. Equity Options ADV Trail Prior Year
NEW YORK–(BUSINESS WIRE)– NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for March 20131. Global derivatives average daily volume (“ADV”) of 8.1 million contracts in March 2013 was in-line with March 2012, but decreased 7.8% from February 2013. European derivatives products ADV in March 2013 of 4.3 million contracts increased 8.9% compared to March 2012, but decreased 2.8% from February 2013 levels. NYSE Liffe U.S. rebounded 62.7% versus the prior month. Trading volumes in European and U.S. cash equities declined both year-over-year and month-over-month.
Highlights
Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
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Luxfer Declares Quarterly Dividend
SALFORD, England–(BUSINESS WIRE)– Luxfer Holdings PLC (Luxfer Group) (NYS: LXFR) , a global materials technology company, today announced that its Board of Directors declared an interim dividend of $0.10 per American Depositary Share ($0.20 per ordinary share). The dividend will be payable on May 8, 2013, to shareholders of record on April 19, 2013.
Payment of dividends: All holders of NYSE-listed American Depositary Shares will be paid in U.S. dollars through the Depositary Bank, Bank of New York Mellon, net of its fees.
For holders of ordinary shares, the dividend will be paid directly by the Company. Payment will be made in U.S. dollars, but holders of ordinary shares can elect to receive their dividend payment in respect of those ordinary shares in pounds sterling. If a holder of ordinary shares has previously requested and received a dividend payment in pounds sterling, they will receive this dividend for the first quarter of 2013 in pounds sterling unless an election in writing to change the currency of payment is received by the Company Secretary by April 17, 2013. Holders of ordinary shares electing to receive their dividend in pounds sterling will have the U.S. dollar amount converted to pounds sterling at the spot rate reported in the Financial Times for the record date.
About Luxfer Group
Luxfer is a global materials technology company specializing in the design and manufacture of high-performance materials, components and gas cylinders for environmental, healthcare, protection and specialty end-markets. Luxfer customers include both end-users of its products and manufacturers that incorporate Luxfer products into finished goods.
Luxfer products include highly specializedmagnesium alloys, powders, extrusions, plate and rolled sheet used in aerospace, automotive, defense, photo-engraving and medical applications; zirconium chemicals used in automotive and industrial catalysts, filters, and ceramics; high-pressure aluminum and composite gas cylinders used to contain medical oxygen, breathing air for firefighters, compressed natural gas for alternative-fuel vehicles and specialty gases for microchip manufacturing; and metal panels “superformed” into complex shapes for aerospace, automotive, and rail applications. For more information, visit www.luxfer.com.
Luxfer Holdings PLC
Dan Stracner, Director of Investor Relations
U.S. telephone: +951 341 2375
dan.stracner@luxfer.net
KEYWORDS: United Kingdom Europe
INDUSTRY KEYWORDS:
The article Luxfer Declares Quarterly Dividend originally appeared on Fool.com.
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By Business Wirevia The Motley Fool
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Kayne Anderson MLP Investment Company Closes Public Offering of Series F MRP Shares and Announces Redemption Notice for Series D MRP Shares
HOUSTON–(BUSINESS WIRE)– Kayne Anderson MLP Investment Company (the “Company”) (NYS: KYN) announced the closing of a public offering of 5,000,000 shares of Series F Mandatory Redeemable Preferred Shares (“Series F MRP Shares”) at a price of $25.00 per share (includes 600,000 shares that the underwriters purchased pursuant to their over-allotment option). The Series F MRP Shares pay cash dividends at a rate of 3.50% per annum and have a mandatory redemption date of April 15, 2020. Beginning on April 8, 2013, the Series F MRP Shares will be publicly traded on the NYSE under the symbol “KYN Pr F”.
The Company will use the net proceeds from the offering of approximately $122.5 million to redeem its Series D Mandatory Redeemable Preferred Shares (NYSE: KYN Pr D)(“Series D MRP Shares”), to make investments in portfolio companies in accordance with its investment objective and policies, to repay indebtedness, and for general corporate purposes.
The Company also announced that it has filed with the Securities and Exchange Commission (the “SEC“) a notice of its intention to redeem all 4,000,000 of its Series D MRP Shares (total liquidation preference of $100 million) with a redemption date of May 13, 2013. The redemption price is $25.269375 per share. The redemption price per share is equal to the liquidation preference per share of $25.00, plus (i) accumulated but unpaid dividends of $0.144375, calculated using the current rate of 4.95% accrued to, but not including, the redemption date and (ii) a redemption premium of $0.125 (0.5% of the liquidation preference per share). The paying agent is American Stock Transfer & Trust Company, which is the Company’s transfer agent.
Kayne Anderson MLP Investment Company is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, whose common stock is traded on the New York Stock Exchange. The Company’s investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets in energy-related master limited partnerships and their affiliates (collectively, “MLPs”), and in other companies that, as their principal business, operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains “forward-looking statements” as defined under the U.S. federal securities laws. Generally, the words “believe,” “expect,” …read more
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By Business Wirevia The Motley Fool
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Tortoise Capital Advisors Introduces New Open-End Mutual Fund
The Tortoise North American Energy Independence Fund provides dedicated focus on oil and gas production growth potential, supporting energy independence
LEAWOOD, Kan.–(BUSINESS WIRE)– Tortoise Capital Advisors today announced the introduction of the Tortoise North American Energy Independence Fund, an open-end mutual fund that invests primarily in equity securities of North American oil and gas production companies.
“We are in a new era of unprecedented North American production growth that has the potential to make our nation increasingly energy independent. This fund seeks to directly participate at the heart of this opportunity, targeting companies across North America with a strong presence in premier shale basins,” said Tortoise senior investment analyst, Rob Thummel.
The fund expands upon Tortoise’s leadership and history in the sector. Tortoise formed the first NYSE-listed closed-end fund focused on energy infrastructure MLPs in 2004 and is one of the largest investment managers of registered energy infrastructure funds. As an industry pioneer, Tortoise has managed energy infrastructure investments for nearly a decade, across economic cycles and natural disasters.
“The newest addition to the Tortoise family is a differentiated and complementary investment alternative, providing dedicated access to domestic oil and gas production that could dramatically alter North American relevance around the globe,” stated Tortoise’s director of product development, Michelle Kelly. “Additionally, the fund supports job creation, increased tax revenues, national security and the theme of energy independence for decades to come.”
The fund is structured as a traditional mutual fund providing daily liquidity at NAV, with flow-through tax treatment and no taxation at the fund level. Simplified tax reporting is provided to investors through a single 1099. Investor, C Class and Institutional shares are available under the symbols TNPTX, TNPCX and TNPIX, respectively.
The fund was initiated in cooperation with Montage Investments. Montage’s diverse group of boutique asset managers offer multiple investment solutions, including mutual funds, closed-end funds, separately managed accounts and alternative partnership investments. Additional information regarding the fund may be obtained by calling 855-TCA-FUND (855-822-3863) or visiting www.tortoiseadvisors.com.
About Tortoise Capital Advisors, LLC
Tortoise Capital Advisors, L.L.C. is an investment manager specializing in listed energy investments. Tortoise is considered a pioneer in managing portfolios of MLP securities and other energy companies for individual, institutional and closed-end fund investors As of …read more
Source: FULL ARTICLE at DailyFinance
