On Tuesday, New York Mortgage Trust Inc (NASDAQ:NYMT)’s shares showed no change to $6.56.
New York Mortgage Trust Inc (NYMT) declared that it is planned to present at the JMP Securities Financial Services & Real Estate Conference on Monday, September 21, 2015 at The St. Regis in New York, New York. The Company’s presentation is planned to start at 10:00 am. Presentation materials will be accessible on the Company’s website at www.nymtrust.com in the “Events & Presentations” section starting at 9:00 am on September 21, 2015.
New York Mortgage Trust, Inc., a real estate investment trust (REIT), engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the United States. It primarily invests in residential mortgage-backed securities comprising adjustable-rate, hybrid adjustable-rate, fixed-rate, interest only and inverse interest only, and principal only mortgage-backed securities; multifamily commercial mortgage-backed securities; and residential mortgage loans, counting loans sourced from distressed markets.
Axalta Coating Systems Ltd (NYSE:AXTA)’s shares dropped -0.11% to $28.00.
Axalta Coating Systems Ltd. (AXTA) has priced a secondary offering of 30,000,000 of its common shares at $29.75 per share. All of the shares are being offered by certain associates of The Carlyle Group. The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 4,500,000 common shares. Axalta will not receive any proceeds from the offering, counting from any exercise by the underwriters of their option to purchase additional common shares.
Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Credit Suisse, Jefferies and UBS Investment Bank. Co-managers are Morgan Stanley, BB&T Capital Markets, Nomura, SMBC Nikko and Academy Securities.
Axalta Coating Systems Ltd., through its auxiliaries, manufactures, markets, and distributes high performance coatings products primarily for the transportation industry. It operates through two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various waterborne and solventborne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
At the end of Tuesday ‘s trade, Memorial Production Partners LP (NASDAQ:MEMP)‘s shares dipped -2.31% to $5.49.
Memorial Production Partners LP (MEMP) declared its operating and financial results for the three and six months ended June 30, 2015. In addition, MEMP offered an update of its commodity hedge positions presented in the Hedge Summary table below together with updated 2015 guidance.
Key Highlights
- Average daily production raised 10% to 247.8 MMcfe for the second quarter 2015, contrast to 224.8 MMcfe for the second quarter 2014.
- Revolver availability of about $642 million as of July 31, 2015.
- Strong commodity hedge portfolio with 85% of current predictable total production hedged in 2015, 84% in 2016, 70% in 2017, 64% in 2018 and 49% in 2019.
- Mark-to-market hedge book value of about $609 million as of July 31, 2015. All of MEMP’s current hedges are costless, fixed price swaps and collars.
Memorial Production Partners LP, through its partner, engages in the acquisition, development, exploitation, and production of oil and natural gas properties. Its properties comprise of operated and non-operated working interests in producing and undeveloped leasehold acreage, and working interests in identified producing wells located in Texas, Louisiana, Colorado, Wyoming, New Mexico, and offshore Southern California.
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