Preferred Stock
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DURHAM, N.C.-- Drug developer Chimerix Inc. said Monday it took a larger loss in the first quarter on costs related to redeemable preferred stock. Chimerix conducted its initial public offering in April, and the company said it raised $117.9 million before expenses and discounts. Shares of Chimerix rose 70 cents, or 3.5 percent, to $20.75 in morning trading.
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NEW YORK-- Harbinger Group Inc., the holding company run by hedge fund manager Philip Falcone, said Thursday its fiscal second-quarter loss widened, pulled down by losses related to its preferred stock.
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HOUSTON-- Apache plans to sell $4 billion in assets by year's end to slash debt and the energy company announced a $2 billion buy back of its own stock, sending shares higher in early trading Thursday. For the period ended March 31, net income after preferred dividends fell 10 percent to $698 million, or $1.76 per share, from $778 million, or $2 per share, a year earlier.
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May 7- Miller Energy Resources Inc:. *Prices new offering of its series C preferred stock. *Says public offering priced at $22.25 per share.
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May 6- Arbor Realty Trust Inc:. *Announces pricing of public offering of series b cumulative redeemable. *Priced the public offering of the shares at liquidation preference $25.00 per.
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May 6- General Finance Corp:. *Announces public offering of series c cumulative redeemable perpetual. *To use net proceeds of this offering to pay down senior indebtedness.
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April 30- Canadian Utilities Ltd:. *Underwriters have agreed to buy 6 million 4.50% cumulative redeemable second. preferred shares series DD at a price of $25.00 per share.
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*Rolls-Royce Holdings: Citigroup drops from most preferred stock list;. adds Safran to most preferred stock list. *MTU Aero Engines: Citigroup drops from least preferred stock list; adds BAE Systems as least preferred stock.
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Fitch: Prologis Equity Offering Hastens Delevering; 2014 Maturities, Development Offset Implications
NEW YORK, April 26 Prologis, Inc.' s recent $1.3 billion follow-on common stock offering is a material credit positive, according to Fitch Ratings. Fitch currently rates PLD, its operating partnership, Prologis, L.P. and its subsidiary Prologis Tokyo Finance Investment Limited Partnership as follows:. --$100 million preferred stock' BB+'.
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CHICAGO, April 25 The following auction market preferred shares issued by Boulder Growth& Income Fund, Inc. are paid in full following the full redemption of outstanding shares, according to Fitch Ratings:. BIF is a closed-end fund co-advised by Boulder Investment Advisers LLC and Stewart Investment Advisers.
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April 25- Urstadt Biddle Properties Inc:. *Announces redemption of 8.50% series c senior cumulative preferred stock. *Says dividends on the series c preferred stock will cease to accrue on the.
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David Roes, Chief Executive Officer at Asean Investment Management says significant cash allocations to Vietnam aren't about to slow down anytime soon. He also shares his top stock picks with CNBC.
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SAN FRANCISCO, March 1- Hedge fund manager David Einhorn's Greenlight Capital has dropped its lawsuit against Apple Inc after winning a battle to stop the iPhone maker from a shareholder vote on a proposal to abolish its ability to issue preferred shares at its discretion.
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*Vote was to be held at Apple's annual meeting on Feb. 27. NEW YORK, Feb 22- A U.S. judge handed outspoken hedge fund manager David Einhorn a victory in his battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock.
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NEW YORK, Feb 22- A judge handed outspoken hedge fund manager David Einhorn a victory in his court battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock.
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NEW YORK, Feb 22- A judge handed hedge fund star David Einhorn a victory in his court battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock.
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James Sullivan, Head of ASEAN / Singapore Research at JP Morgan tells us why Singapore's cap on immigration will effectively hobble the nation's economy.
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David Einhorn reiterated his arguments that a judge should block a shareholder vote on Apple's proposal to eliminate its ability to issue preferred shares without investor approval.
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NEW YORK, Feb 15- David Einhorn reiterated his arguments Friday that a judge should block a shareholder vote on Apple Inc's proposal to eliminate its ability to issue preferred shares without investor approval, days before a court hearing.
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NEW YORK, Feb 13- David Einhorn tried to dissuade Apple Inc last week from eliminating its ability to issue preferred shares at will, saying the need to first obtain shareholder approval would be an unnecessary roadblock to any such future plans, the iPhone maker said in a court filing on Wednesday.