On Monday, Aberdeen Asia-Pacific Income Fund, Inc. (NYSEMKT:FAX)’s shares declined -1.02% to $4.87.
Aberdeen Asia-Pacific Income Fund, Inc. (FAX) declared that it paid on May 29, 2015, a distribution of US $0.035 per share to all shareholders of record as of May 22, 2015.
Fund’s distribution policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.
Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each fiscal year can be finally determined only as of the end of the Fund’s fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”) and related Rules, the Fund may be required to indicate to shareholders the source of certain distributions to shareholders.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.”
Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the distribution policy (the “Distribution Policy”).
The amounts and sources of distributions stated in this notice are only estimates and are not being offered for tax reporting purposes. The final determination of the source of all distributions in 2015 will be made after year-end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Aberdeen Asia-Pacific Income Fund, Inc. is a close ended fixed income mutual fund launched by Aberdeen Asset Administration Inc. It is co-managed by Aberdeen Asset Administration Asia Limited, Aberdeen Asset Administration Limited, and Aberdeen Asset Managers Limited.
Celldex Therapeutics, Inc. (NASDAQ:CLDX)’s shares gained 4.64% to $25.48.
Celldex Therapeutics, Inc. (CLDX) declared the promotion of Richard Wright, Ph.D. to Senior Vice President and the newly created position of Chief Commercial Officer. Dr. Wright was formerly Vice President of Commercial Operations at Celldex and brings nearly 25 years of industry experience, counting the commercialization of six successful drug therapies. As Chief Commercial Officer, Dr. Wright is responsible for developing global business strategy and building the infrastructure required to support commercialization of Celldex’s cancer immunotherapy pipeline.
Celldex Therapeutics, Inc., a biopharmaceutical company, develops, manufactures, and commercializes novel therapeutics for human health care in the United States. The company’s lead drug candidates comprise rindopepimut (CDX-110), a targeted immunotherapeutic in a pivotal Phase III study for the treatment of front-line glioblastoma, in addition to in Phase II study for the treatment of recurrent glioblastoma; and Glembatumumab vedotin (CDX-011), a targeted antibody-drug conjugate in a randomized Phase IIb study for the treatment of triple negative breast cancer, in addition to in Phase II study for the treatment of metastatic melanoma.
At the end of Monday’s trade, Nordic American Tanker Ltd (NYSE:NAT)‘s shares surged 1.01% to $14.94.
Nordic American Tanker Ltd (NAT) anticipates to declare the dividend for 2Q2015, July 15, 2015, before NYSE opening.
NAT has paid dividends for the past 71 successive quarters. The dividend for the first quarter 2015 was $0.38 per share. As indicated in a letter to shareholders of yesterday, NAT anticipates the second quarter 2015 also to produce good results. The 2Q2015 earnings report is planned to be declared before NYSE opening August 10, 2015. Dividend for the second quarter is predictable to be paid August 12, 2015 for holders of record July 29, 2015.
Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers. As of December 31, 2014, it owned 24 Suezmax crude oil tankers, counting two new buildings under construction. The company was founded in 1995 and is based in Hamilton, Bermuda.
OM Group, Inc. (NYSE:OMG), ended its Monday’s trading session with 3.97% gain, and closed at $34.79.
OM Group, Inc. (OMG) declared the expiration of the 35-day “go shop” period following the terms of the formerly declared merger agreement dated May 31, 2015 among the Company and funds managed by associates of Apollo Global Administration, LLC (APO) and a wholly-owned partner of Platform Specialty Products (PAH).
Prior to the expiration of the “go-shop” period, the Company’s Board of Directors received a written “company takeover proposal.” After consulting with its financial advisors and legal counsel, the Company’s Board of Directors determined that the party submitting the proposal is an “excluded party” under the Merger Agreement with which the Company may continue to negotiate following the end of the “go-shop” period. There can be no assurance that the proposal or any other alternative proposal will ultimately lead to a superior proposal, as negotiations with the excluded party could terminate at any time.
The Company’s Board of Directors continues to recommend that the Company’s shareholders adopt the Merger Agreement.
OM Group, Inc. operates as a technology-driven industrial company worldwide. It operates through Magnetic Technologies, Battery Technologies, and Specialty Chemicals segments. The Magnetic Technologies segment develops, manufactures, and distributes industrial-use magnetic materials, and related products and systems. This segment provides a range of magnetic technology products, from magnetically soft products to permanent magnets for sale to end markets, such as automotive systems, electrical installation technology, energy conversion and distribution, industrial, retail, and renewable energy markets.
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