During Monday’s Afternoon trade, Shares of Annaly Capital Management, Inc. (NYSE:NLY), gained 0.40% to $9.93.
The Board of Directors of Annaly Capital Management, declared the second quarter 2015 common stock cash dividend of $0.30 per common share. This dividend is payable July 31, 2015, to common shareholders of record on June 30, 2015. The ex-dividend date is June 26, 2015.
Dividends may be reinvested through the Company’s Dividend Reinvestment and Share Purchase Plan. Plan information may be obtained from the Plan Administrator, Computershare at 1-800-301-5234, at www.annaly.com, or by contacting the Company.
Annaly’s principal business objective is to generate net income for distribution to its shareholders from its investments. Annaly is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”). Annaly is managed and advised by Annaly Administration Company LLC.
Annaly Capital Management, owns a portfolio of real estate related investments in the United States. The company invests in various types of agency mortgage-backed securities and related derivatives to hedge these investments; acquires, finances, and manages commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities, and other commercial real estate-related assets; and operates as a broker-dealer.
Shares of MGM Resorts International (NYSE:MGM), declined -1.69% to $19.17, during its current trading session.
On June 12, MGM Resorts International, declared that MGM China Holdings Limited, a 51%-owned partner, has accomplished its formerly declared refinancing transaction of its Hong Kong Dollar denominated senior credit facilities agreement. The amended and restated credit agreement is comprised of a US$1.55 billion equivalent term loan, an enhance from the previous $550 million term loan, and US$1.45 billion equivalent revolving credit facility. The amended and restated credit agreement extends the term of the original facilities for an eighteen month period ending April 29, 2019.
“We are very happy with the support from our lenders which allowed us to upsize the credit facility to US$3 billion,” said Grant Bowie, CEO and Executive Director of MGM China. “This financing will provide our Company the financial flexibility to invest in MGM Macau and develop our second property, MGM Cotai, in the world’s largest gaming market.”
The amended and restated credit agreement will bear interest at a fluctuating rate per annum based on HIBOR plus a margin, initially set for a six month period at 1.75% per annum, but thereafter the margin (in the range of 1.375% to 2.50% per annum) will be determined by MGM China’s leverage ratio.
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations comprise slots, table games, and race and sports book wagering.
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