On Monday, Manulife Financial Corporation (USA) (NYSE:MFC)’s shares declined -0.22% to $18.31.
John Hancock Financial is a division of Manulife Financial Corporation (USA) (MFC).
The five John Hancock closed-end funds listed below declared their quarterly distributions recently as follows:
Declaration Date: June 1, 2015
Ex Date: June 9, 2015
Record Date: June 11, 2015
Payment Date: June 30, 2015
John Hancock Financial Opportunities Fund
Financial Opportunities Fund (the “Fund”) declared its quarterly distribution following the Fund’s managed distribution plan (the “BTO Plan”). Under the BTO Plan, the Fund makes quarterly distributions in a fixed amount of $0.2961 per share, which will be paid quarterly until further notice. This amount was based upon an annual distribution rate of 6.50% of the Fund’s NAV of $18.22 on July 31, 2012 at the time the BTO Plan was last amended.
Distributions under the BTO Plan may comprise of net investment income, net realized long-term capital gains, net realized short-term capital gains and, to the extent necessary, return of capital. The BTO Plan intends to fund each distribution, to the extent possible, in a tax-advantaged manner through the realization of long-term capital gains where the distribution amount exceeds net investment income. The Fund will seek to realize capital gains for this purpose in a manner which the Adviser and Subadviser believe is comprising with prudent portfolio administration and the investment objective, policies and restrictions of the Fund.
Manulife Financial Corporation, together with its auxiliaries, provides financial protection and wealth administration products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. It offers various individual life and health insurance, and individual and group long-term care insurance products through insurance agents, brokers, banks, financial planners, and direct marketing.
CBL & Associates Properties, Inc. (NYSE:CBL)’s shares gained 0.74% to $17.78.
CBL & Associates Properties, Inc. (CBL) declared that its Board of Directors has declared a quarterly cash dividend for the Company’s Common Stock of $0.265 per share for the quarter ending June 30, 2015. The dividend is payable on July 16, 2015, to shareholders of record as of June 30, 2015.
The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending June 30, 2015, for the Company’s 7.375% Series D Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on June 30, 2015, to shareholders of record as of June 15, 2015.
The Board also declared a quarterly cash dividend of $0.4140625 per depositary share for the quarter ending June 30, 2015, for the Company’s 6.625% Series E Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.65625 per depositary share, is payable on June 30, 2015, to shareholders of record as of June 15, 2015.
CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and administration of properties. The fund invests in the real estate markets of United States. Its portfolio comprises of enclosed malls and open-air centers. CBL & Associates Properties is based in Oak Brook, Illinois. CBL & Associates Properties was founded in 1978 and is based in Chattanooga, Tennessee with additional offices in Waltham, Massachusetts; Chesterfield, Missouri; and Irving, Texas.
At the end of Monday’s trade, Basic Energy Services, Inc (NYSE:BAS)‘s shares dipped -1.38% to $8.59.
Basic Energy Services, Inc (BAS) declared that its administration will be presenting at the Bank of America Merrill Lynch 2015 Energy and Power Leveraged Finance Conference to be held in New York City on June 2 – 3, 2015.
Alan Krenek, Senior Vice President and Chief Financial Officer, is planned to present on Tuesday, June 2, 2015, at about 4:20 p.m. Eastern Time (3:20 p.m. Central Time). The accompanying presentation will be accessible that morning in the Investor Relations section of Basic Energy Services’ website at www.basicenergyservices.com.
Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs.
Ruckus Wireless Inc (NYSE:RKUS), ended its Monday’s trading session with 1.81% gain, and closed at $10.70.
Ruckus Wireless Inc (RKUS) declared that it is working with Smartac Group China Holdings Limited (Smartac) to assist build Ruckus Smart WiFi networks covering more than 300 passenger stations for three major railroad systems in China—Beijing, Guangzhou, and Lanzhou. The ongoing deployment is part of a long-term project to upgrade wireless networks across China’s vast passenger railway transportation system. These Ruckus Smart WiFi networks will not only provide a high-performance wireless Internet access experience for railway passengers, they will also provide comprehensive, real-time passenger data for railway station operators. The entire project is designed to make China’s railway passenger stations “Smart stations.” These new Smart stations are part of the emerging global trend to create Smart cities. The concept involves using state-of-the-art communications technology that improves municipal operations and services to enhance the way of life for residents and visitors of major urban centers.
Smartac Group is one of the most practiced ‘new-generation’ mobile Internet gateway providers in China. As one of the largest service providers of wireless networks for China’s railroad passenger stations, Smartac business comprises 379 of the busiest stations in two municipalities, Beijing and Tianjin. Smartac also provides network services to 11 other provinces and autonomous regions (Gansu, Guangdong, Guizhou, Hunan, Hubei, Hebei, Inner Mongolia, Ningxia, Shandong, Shaanxi, and Shanxi), serving 2 billion passengers a year.
China has a huge number of daily railway passengers, armed with mobile devices such as smartphones and tablets. These commuters are increasingly demanding free, reliable WiFi service in order to connect to the Internet and perform various tasks whenever, wherever. This requires a smarter WiFi network infrastructure to provide more reliable service across China’s massive railway system.
Ruckus Wireless, Inc. provides carrier-class Wi-Fi solutions to service providers and enterprises worldwide. It provides gateways, controllers, and access points with related software and services. The company offers SmartCell, a line of carrier-grade wireless access and administration products that comprise specialized hardware products, such as SmartCell Gateways and SmartCell Access Points, in addition to software solutions comprising virtualized SmartCell Gateway and SmartCell Insight software platforms.
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.
