On Monday, Shares of AK Steel Holding Corporation (NYSE:AKS), lost -7.45% to $4.35.
AK Steel Holding Corporation, broke ground for its world-class Research and Innovation Center at a ceremony held in Middletown, Ohio. The ceremony marked the start of construction of the company’s new 135,000 square foot facility, which is being built on a 16-acre site in the city’s Renaissance District. The site is located in the Cincinnati – Dayton growth corridor along Interstate 75.
AK Steel said that the $36 million facility will be customer-focused, providing advanced technical support to the company’s valued customers, in addition to developing new and improved steel products for a number of markets.
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.
Shares of SunEdison, Inc. (NYSE:SUNE), declined -0.92% to $31.20, during its last trading session.
On June 16, SunEdison, Inc. declared that it accomplished a $335 million private placement of membership interests in TerraForm Global, LLC., an indirect partner of SunEdison formed to own and operate contracted clean power generation assets in emerging markets. Additionally, TerraForm Global, Inc., an indirect partner of SunEdison, reached a stock purchase agreement for the sale of $67 .5 million of its Class A common stock in a private placement, conditioned upon the closing of its initial public offering. The private placements were reached with institutional investors, counting Baron Funds, Capricorn Investment Group, GE, Glenview Capital Administration, Kingdon Capital Administration and Zimmer Partners. These investments are in addition to the $175 million of private placements declared on May 7 .
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials.
Finally, American Realty Capital Properties, Inc. (NASDAQ:ARCP), ended its last trade with -0.12% loss, and closed at $8.46.
American Realty Capital Properties, declared that, following the authorization of its board of directors, it will pay a monthly dividend to holders of its 6.70% Series F Cumulative Redeemable Preferred Stock, par value $0.01 per share, in respect of the period commencing June 15, 2015 through July 14, 2015 on July 15, 2015 and in respect of the period commencing July 15, 2015 through August 14, 2015 on August 17, 2015. Holders of Series F Preferred Stock on July 1, 2015 and on August 1, 2015 will be eligible to receive the July Series F Dividend and the August 2015 Series F Dividend, respectively. The dividend for the Series F Preferred Stock accrues daily on a 360-day annual basis equal to an annualized dividend rate of $1.675 per share, or $0.1395833 per 30-day month.
American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties. As of June 20, 2012, its portfolio comprised of 118 properties. American Realty Capital Properties, Inc. was founded in 2010 and is based in Phoenix, Arizona.
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