On Monday, Anworth Mortgage Asset Corporation (NYSE:ANH)’s shares inclined 2.49% to $4.94.
Anworth Mortgage Asset Corporation (ANH) declared that in accordance with the terms of Anworth’s 6.25% Series B Cumulative Convertible Preferred Stock, or Series B Preferred Stock, the conversion rate of the Series B Preferred Stock will enhance from 4.3274 shares of Anworth’s common stock to 4.3942 shares of its common stock which was effective October 1, 2015.
As formerly declared on September 17, 2015, Anworth’s board of directors declared a quarterly common stock dividend of $0.15 per share, which is payable on October 29, 2015 to holders of record of common stock as of the close of business on September 30, 2015. When Anworth pays a cash dividend during any quarterly fiscal period to its common stockholders in an amount that results in an annualized common stock dividend yield greater than 6.25% (the dividend yield on the Series B Preferred Stock), the conversion rate on the Series B Preferred Stock is adjusted based on a formula specified in the Articles Supplementary Establishing and Fixing the Rights and Preferences of the Series B Preferred Stock.
Anworth Mortgage Asset Corporation operates as a real estate investment trust in the United States. The company primarily invests in, finances, and manages a portfolio of residential agency mortgage-backed securities, which are securities guaranteed by Ginnie Mae, or by agencies or instrumentalities of the federal government, counting Fannie Mae and Freddie Mac.
Canadian Solar Inc. (NASDAQ:CSIQ)’s shares gained 4.10% to $19.54.
Canadian Solar Inc. (CSIQ), one of the world’s largest solar power companies, declared it has closed on the purchase of three operating solar projects totaling 59.8 MW AC from KKR. The total approximate enterprise value of this transaction is C$270 Million (USD$203.7 Million). In conjunction with this acquisition, Canadian Solar also closed a USD$50 Million loan with Credit Suisse, who also acted as sole financial advisor on the transaction.
The projects are located in Sault Ste. Marie, Ontario and hold long-term fixed-price contracts established following Renewable Energy Standard Offer Program. Canadian Solar plans to assume the roles of both the owner and operator of the projects, which have been connected to the grid from October 2010 to November 2011. In addition, term financing will be offered by Norddeutsche Landesbank Girozentrale, New York Branch and KfW-IPEX Bank, assumed as part of the acquisition.
Canadian Solar Inc., together with its auxiliaries, designs, develops, manufactures, and sells solar wafers, cells, and solar power products worldwide. The company operates in two segments, Module and Energy.
At the end of Monday’s trade, Pepco Holdings, Inc. (NYSE:POM)‘s shares surged 2.50% to $25.41.
Pepco Holdings Inc. (POM) and Exelon Corporation (EXC) have filed a petition for reconsideration of their merger with the Public Service Commission of the District of Columbia. The companies are working with the District of Columbia government to reach a settlement agreement.
The District of Columbia government issued a statement confirming that it is engaged in substantive talk about with the companies on a settlement agreement. It added that any settlement agreement would be presented in a new application to the PSC for review, public comment and final determination.
Joseph Rigby, chairman, president and CEO of Pepco Holdings, said, “We look forward to concluding talk about with the District that will allow for a stronger Pepco to provide improved reliability together with the other noteworthy benefits our merger will deliver to the District.”
Pepco Holdings, Inc., through its auxiliaries, engages in the transmission, distribution, and supply of electricity. The company also distributes and supplies natural gas.
Janus Capital Group Inc (NYSE:JNS), ended its Monday’s trading session with 4.72% gain, and closed at $14.65.
Janus Capital Group Inc. (JNS) will release its third quarter 2015 financial results before the market opens Thursday, October 22, 2015. The company will host a conference call and webcast that day at 10 a.m. EDT to talk about its results. To take part in the conference call, please dial (888) 397-5338 in the U.S. and Canada or (719) 325-2145 internationally.
Janus Capital Group, Inc. is a publicly owned asset administration holding company with about $167.7 billion in assets under administration. It also provides retirement planning, investment planning, tax planning, investment for college, and tax planning services to its clients.
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