On Wednesday, CYS Investments Inc (NYSE:CYS)’s shares declined -1.61% to $8.56.
CYS Investments Inc (CYS) declared a quarterly dividend of $0.28 per share of common stock for the second quarter of 2015. The common stock dividend will be paid on July 15, 2015 to stockholders of record of common stock on June 22, 2015.
In accordance with the terms of the 7.75% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) of the Company, the Board of Directors of the Company has declared a Series A Preferred Stock cash dividend of $0.484375 per share of Series A Preferred Stock for the quarterly period that began on April 15, 2015, and ends on July 14, 2015. This dividend is payable on July 15, 2015 to stockholders of record of Series A Preferred Stock as of July 1 CYS Investments, Inc., a specialty finance company, invests in residential mortgage pass-through securities in the United States. It also focuses on investing in residential mortgage-backed securities that are issued and the principal and interest of which are guaranteed by a federally chartered corporation (Agency RMBS); debt securities issued by the United States Department of Treasury or a government sponsored entity; and collateralized mortgage obligations issued by a government agency or government-sponsored entity that are collateralized by Agency RMBS.
Vodafone Group Plc (ADR) (NASDAQ:VOD)’s shares dropped -0.68% to $36.27.
Vodafone Group Plc (ADR) (VOD)’s introducing changes to out-of-plan charges this August, and it’s giving customers who could be particularly affected by new pricing an opportunity to ditch their contract without penalty. The carrier’s revised pricing model is pretty simple: come August 10th, every multimedia text you send and every minute you’re on the phone beyond your monthly allowance will add 45p to your bill. In some use cases, like video calling a friend on a rival network, the new flat rate will be cheaper; but, in several more instances, 45p is higher than the charge presently in place. For most customers, the changes are likely to go unnoticed, but in a strangely altruistic move, Vodafone is reaching out to those at risk of being negatively affected and giving them the option to exit their contract, no questions asked.
All credit to Vodafone here, because while the move might inspire brand loyalty, it doesn’t make much business sense. Not only is Vodafone passing up free money by letting customers who regularly exceed their allowances leave, but the option is also open to abuse. For example, let’s say you’re four months into a new, £50-plus per month iPhone 6 contracts and Vodafone profiles you as an at-risk customer. Well, you can jump ship, handset and all, with no repercussions. Vodafone hopes the people it’s reaching out to won’t dump their contracts, of course, because a smaller subscriber base is the last thing you need when you’ve just launched a new broadband offering for existing customers.
Vodafone Group Plc operates as a telecommunications company worldwide. The company offers voice, messaging, and data services across mobile and fixed networks; fixed broadband and TV services; cloud and hosting, in addition to Internet protocol-virtual private network services; roaming services; and unified communications services.
At the end of Wednesday’s trade, Mosaic Co (NYSE:MOS)‘s shares surged 0.61% to $44.87.
Mosaic Co (MOS) formerly Hybrid Paytech World Inc. (HPT), a technology leader in the digital incentives, couponing and payment space, declared recently that on June 5 th, 2015, the Autorité des Marchés Financiers (the “AMF”) issued a partial revocation of the cease trade order issued on May 19 th, 2015 solely to permit the closing of a financing. The cease trade order was issued because Mobi724 was unable to file its annual financial statements, MD&A and related CEO and CFO certificates for its fiscal year ended December 31, 2014 (the “Year End Filings”) by the filing deadline of April 30, 2015 as prescribed by National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102). The partial revocation of the cease trade order will allow Mobi724 to complete a private placement to issue a maximum of 36 363 637 common shares at a price of $ 0.0825 for the aggregate amount of $3,000,000 . The subscribers shall also be issued one common share purchase warrant for every common share issued on the first $2,000,000 at an exercise price of $0.0825 exercisable between November 15, 2015 and March 31 st 2016 after which they shall expire. The distribution will only take place in Quebec .
The funds raised shall permit Mobi724 to prepare and finalize Year End Filings, to prepare its interim financial statements, interim MD&A and related CEO and CFO certificates for the interim period ended March 31, 2015 (the “Interim Filings”), to file a full revocation order within 60 days from the closing of the private placement, to satisfy ongoing debt obligations, to pay past due payroll expenses and to satisfy minimum overhead expenses to sustain ongoing operations.
The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash.
xG Technology Inc (NASDAQ:XGTI), ended its Wednesday’s trading session with 15.09% gain, and closed at $0.328.
DirectView Holdings, Inc. (DIRV) (“DirectView” or the “Company”), a company focused on ownership and administration of leading video and security technology companies, recently declared the completion of successful initial testing of its body-worn camera integrated with the xMax private mobile broadband technology developed by xG Technology, Inc. (“xG”) (XGTI) (XGTIW), a developer of wireless communications and spectrum sharing technologies.
DirectView and xG conducted initial integration and testing of the new DirectView body-worn camera units at xG’s central engineering facility in Sunrise, FL. Initial test results showed that DirectView’s camera hardware was easily recognized by the xMax system, and that video transmissions were seamlessly supported over the xMax network. Both companies intend to expand the beta phase of testing to comprise field testing of the merged DirectView/iMax solution with law enforcement and other security related agencies in the coming months in preparation for a full product launch later this year.
xG Technology, Inc. develops communications technologies for wireless networks worldwide. The company’s intellectual property is embedded in proprietary software algorithms designed to offer cognitive interference mitigation and spectrum access solutions to organizations in a various industries, counting national defense and rural broadband.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
