On Friday, Shares of Ford Motor Co. (NYSE:F), lost -0.20% to $14.80.
Ford Motor is donating seven Ford Flex utility vehicles to the DAV, extending a strong relationship that has assisted disabled military veterans for 93 years.
The vehicles will become part of the DAV Transportation Network that enlists volunteer drivers to take sick and disabled veterans to VA medical centers across the country. They will be deployed to DAV locations in Little Rock, Arkansas, Iowa City, Iowa, Iron Mountain, Michigan, Omaha, Nebraska, Portland, Oregon, Salt Lake City, Utah and Seattle, Washington. Since 1996, Ford has donated 199 vehicles to the DAV fleet.
In addition to the new Ford Flex vehicles, Ford Fund, the philanthropic arm of Ford Motor Company, is sponsoring DAV 5K walks this fall in Atlanta, Cincinnati and San Diego. Ford Fund also is ongoing support for the Jesse Brown Memorial Youth Scholarship Program, which provides scholarships to deserving young men and women who have generously volunteered their time to assist disabled veterans in their community.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
Shares of American Equity Investment Life Holding Co. (NYSE:AEL), inclined 0.15% to $26.05, during its last trading session.
American Equity Investment Life Holding declared that it has priced an underwritten public offering of 8,600,000 shares of common stock, of which 4,300,000 are subject to the forward sale agreement, at a public offering price of $25.25 per share. The underwriters have been granted a 30-day option to purchase up to 1,290,000 additional shares of common stock.
The offering is predictable to close on or about August 12, 2015, subject to customary closing conditions.
In connection with the offering of its common stock, the Company has reached a forward sale agreement (and, to the extent that the underwriters exercise their option to purchase additional shares, the Company will enter into an additional forward sale agreement) with an associate of RBC Capital Markets, LLC (the “Forward Counterparty”), under which the Forward Counterparty or its associate has agreed to, subject to the satisfaction of certain conditions, borrow from third parties and sell to the underwriters 4,300,000 shares of the Company’s common stock.
American Equity Investment Life Holding Company, through its auxiliaries, develops and sells fixed index and fixed rate annuity products in 50 states and the District of Columbia. It issues fixed index annuities and fixed rate annuities, in addition to single premium immediate annuities.
Finally, The Blackstone Group L.P. (NYSE:BX), ended its last trade with -1.59% loss, and closed at $37.83.
Blackstone Mortgage Trust, Inc. (BXMT) stated its second quarter 2015 results. Net income for the second quarter was $29 million, or $0.36 per share.
Stephen D. Plavin, Chief Executive Officer, said, “This was a landmark quarter for BXMT. We closed $6.5 billion of loans, counting the entire $4.9 billion GE portfolio, and added $1.73 to our book value primarily from the equity we issued to fund new investments. We enter the second half of the year with all of the drivers for noteworthy growth in Core Earnings and dividends already in place.”
BXMT is a real estate investment trust headquartered in New York City and is externally managed by BXMT Advisors L.L.C., a partner of Blackstone.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations.
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