On Monday, Shares of Atlas Resource Partners, L.P. (NYSE:ARP), lost -14.67% to $0.853.
Atlas Resource Partners, declared its monthly distribution for the month of November 2015 of $0.0125 per common unit, or $0.15 per unit on an annual basis. The November 2015 distribution is payable Thursday, January 14, 2016 to holders of record as of Thursday, January 7, 2016.
Atlas Resource Partners, L.P. operates as an independent developer and producer of natural gas, crude oil, and natural gas liquids in the United States. The company operates in three segments: Gas and Oil Production, Well Construction and Completion, and Other Partnership Administration.
Shares of Invesco Ltd. (NYSE:IVZ), inclined 0.12% to $32.96, during its last trading session.
Invesco Power Shares Capital Administration LLC, a leading global provider of exchange-traded funds (ETFs) with more than $100 billion in franchise assets, declared recently changes to its product lineup.
As part of the firm’s commitment to aligning its fund offerings to meet an evolving investment landscape, Invesco Power Shares declared it will change the underlying indexes, but not the index provider for four ETFs. Two of these affected ETFs will also receive new product tickers. There will be no administration fee changes to the affected ETFs.
Four other ETFs are planned to close on Monday, March 21, 2016, with the last day of trading planned for Friday, March 18, 2016. These closures may enable Invesco PowerShares to better align its product line with the changing investment landscape and allow the firm to continue to introduce value-added ETF solutions that meet investor needs going forward.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
Finally, Patriot National, Inc. (NYSE:PN), ended its last trade with -14.29% loss, and closed at $7.02.
In addition, the Company will exchange the warrants formerly issued to the investors for new warrants to purchase up to an aggregate of 3,250,000 shares of common stock, which shares will be purchased from the selling stockholder. This exchange will also result in no dilution to existing stockholders. Other than modest legal expenses, the rescission was closed at no incremental cost to the Company.
Steven M. Mariano, Patriot National Chairman and Chief Executive Officer noted, “The decline in our stock price since the closing of the original transaction has had a meaningful impact to our stockholders. Following many productive conversations with our investors, the Company worked diligently with the private placement investors and mutually agreed to rescind the Company portion of the transaction. Patriot National has no plans to raise equity capital in 2016, and, as formerly declared, I have no plans to sell any additional shares in the coming year.”
Patriot National, Inc. (PN), recently declared that the Company has closed a rescission and exchange agreement with certain institutional investors, following which the Company will repurchase all of the 1,666,666 shares of common stock (in the form of 666,666 shares of common stock and a prepaid warrant for 1,000,000 shares of common stock) formerly issued on December 16, 2015, for an aggregate purchase price of about $20 million, thereby eliminating any dilutive effect on existing stockholders.
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