On Thursday, Franklin Resources, Inc. (NYSE:BEN)’s shares declined -2.80% to $42.06.
Templeton Global Income Fund declared its regular monthly dividend from net investment income of $0.025 per share, payable on August 31, 2015, to shareholders of record on August 17, 2015 (Ex-Dividend Date: August 13, 2015).
The Fund’s investment manager, Franklin Advisers, Inc., is a wholly owned partner of Franklin Resources, Inc. ( BEN), a global investment administration organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment administration to retail, institutional and sovereign wealth clients in over 150 countries. Through specialized teams, the company has expertise across all asset classes — counting equity, fixed income, alternative and custom solutions.
Franklin Resources, Inc. is a publicly owned asset administration holding company. Through its auxiliaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its auxiliaries.
Silvercorp Metals Inc(NYSE:SVM)’s shares dropped -12.97% to $0.717.
Silvercorp Metals Inc (SVM) was advised by the New York Stock Exchange (“NYSE”) on August 3, 2015 that the average price of its common stock for the previous 30 trading days was below US$1.00 per share, which is below the NYSE continued listing requirement.
The Company considered the fact that the NYSE listing rules with respect to the maintenance of a minimum $1.00 share price could require the Company to undertake certain corporate or other actions, such as a reverse share split, primarily to meet the NYSE listing rules, and believes that such actions are not in the best interest of the Company or its shareholders. Therefore, the Board of Directors determined that the compliance obligations, costs and burdens of maintaining a listing of the common shares on the NYSE outweigh the benefits to the Company during this downturn in the commodity cycle.
Silvercorp Metals Inc., together with its auxiliaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China and Canada. It primarily explores for silver. The company holds four silver-lead-zinc mines in the Ying Mining District in Henan Province, China, in addition to GC mine, which comprises silver, lead, and zinc exploration permits in Guangdong Province. Silvercorp Metals Inc. sells its products to local smelters or companies in the mineral products trading business. The company was formerly known as SKN Resources Ltd. and changed its name to Silvercorp Metals Inc. in May 2005. Silvercorp Metals Inc. is headquartered in Vancouver, Canada.
At the end of Thursday’s trade, Cliffs Natural Resources Inc(NYSE:CLF)‘s shares dipped -4.44% to $3.23.
Cliffs Natural Resources Inc. (CLF) declared the early results of its formerly declared offer to purchase for cash (the “Tender Offer”), subject to certain terms and conditions, certain of its outstanding 3.95% Senior Notes due 2018 (the “Notes”). The Company also declared that it raised the maximum aggregate principal amount of the Notes to be purchased following the Tender Offer from $100,000,000 to $123,694,000 (the “Maximum Amount”). Tendered Notes cannot be withdrawn after the Withdrawal deadline, which was 5:00 p.m., New York City time, on August 13, 2015.
On July 31, 2015, the Company commenced the Tender Offer in accordance with the terms and conditions set forth in the Offer to Purchase and a related Letter of Transmittal, both dated July 31, 2015 (together, the “Tender Offer Materials”). The Tender Offer will expire at midnight, New York City time, on August 27, 2015 (the “Expiration Date”), unless extended or earlier terminated by the Company. As talk abouted in more detail in the Tender Offer Materials, the Company will only accept for purchase Notes up to the Maximum Amount.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.
Mitel Netoperates Corporation (NASDAQ:MITL), ended its Thursday’s trading session with 0.76% gain, and closed at $7.99.
Mitel Networks Corp (MITL) declared that it has been named the 2014 Americas Distributor of the Year by Mitel, a global market leader in enterprise and mobile communications. Tech Data was recognized for its outstanding business performance in 2014 and its success in serving the needs of business customers across the Americas. Tech Data was also cited for its revenue growth, leadership in infrastructure solutions, and vertical specialization.
Mitel Networks Corporation provides business communications and partnership software and services worldwide. The company’s Premise segment sells and supports premise-based IP and time-division multiplexing, telephony platforms, desktop and in-building mobile devices, and UCC and contact center applications.
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