On Friday, MFA Financial, Inc. (NYSE:MFA)’s shares declined -0.13% to $7.40.
MFA Financial, Inc. (MFA) declared financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 and other highlights:
- Generated second quarter net income accessible to common shareholders of $74.3 million, or $0.20 per common share (based on 370.2 million weighted average common shares outstanding). As of June 30, 2015, book value per common share was $7.96.
- On July 31, 2015, MFA paid its second quarter 2015 dividend of $0.20 per share of common stock to shareholders of record as of June 29, 2015.
- Subsequent to June 30, 2015, MFA’s wholly-owned partner, MFA Insurance, Inc. became a member of the Federal Home Loan Bank (“FHLB”) of Des Moines. We are excited to add this partner as a counterparty and look forward to working together with FHLB Des Moines to further its core mission of supporting housing finance.
In the second quarter, both net income and dividend per common share were $0.20. Net income of $74.3 million comprises $7.6 million of gains realized on sales of MBS.
MFA Financial, Inc., a real estate investment trust (REIT), invests in residential agency and non-agency mortgage-backed securities (MBS), and residential whole loans in the United States (the U.S.). Its MBS are secured by hybrid mortgages, adjustable-rate mortgages, and 15-year and longer term fixed-rate mortgages, in addition to by mortgages that have interest rates that reset more frequently.
Intrexon Corp (NYSE:XON)’s shares dropped -3.65% to $63.26.
Intrexon Corporation (XON) declared that it has reached a partnership with an investment fund sponsored by Harvest Capital Strategies, LLC. The fund is believed to be the world’s first that is dedicated to the inventions and discoveries of a single company.
Intrexon has agreed to provide the fund a noteworthy number of investment proposals from across five sectors – Health, Energy, Food, Environment and Consumer – that are suitable for pursuit by a startup, counting several in 2015. With respect to such proposals, Intrexon will provide the fund with exclusive rights of first-look and first negotiation. Intrexon presently sees the potential to form up to ten new companies per year, each of which will have access to Intrexon’s proprietary technology platform through an Exclusive Channel Collaboration. Although the partnership with the fund will be complimentary to programs already underway at Intrexon, nothing in the arrangement will limit the Company’s ability to execute other collaborations and joint ventures.
Intrexon Corporation, a biotechnology company, operates in the synthetic biology field in the United States. The company, through a suite of proprietary and complementary technologies, designs, builds, and regulates gene programs, which are DNA sequences that comprise of key genetic components. Its technologies comprise UltraVector gene design and fabrication platform, and its associated library of modular DNA components; cell systems informatics; RheoSwitch inducible gene switch; AttSite Recombinases; protein engineering; mAbLogix; and laser-enabled analysis and processing. Intrexon Corporation has partnership agreements with ZIOPHARM Oncology, Inc.; Synthetic Biologics, Inc.; Oragenics, Inc.; Fibrocell Science, Inc.; Genopaver, LLC; AquaBounty Technologies, Inc.; S & I Ophthalmic, LLC; Biological & Popular Culture, Inc.; OvaXon, LLC; Intrexon Energy Partners, LLC; and Persea Bio, LLC; and planned partnershipand licensing agreement with Merck Serono S.A. The company was formerly known as Genomatix Ltd. and changed its name to Intrexon Corporation in 2005. Intrexon Corporation was founded in 1998 and is based in Germantown, Maryland.
At the end of Friday’s trade, Targa Resources Partners LP (NYSE:NGLS)‘s shares surged 0.32% to $31.56.
Targa Resources Corp. (TRGP) and Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NGLS) declared their respective quarterly dividend and distribution for the second quarter of 2015.
Targa Resources Corp. declared recently that its board of directors has declared a quarterly cash dividend of 87.50c per share, or $3.50 per common share on an annualized basis, for the second quarter 2015. The approved dividend represents enhances of about 5% over the previous quarter’s dividend and 27% over the dividend for the second quarter 2014. This cash dividend will be paid August 17, 2015 on all outstanding common shares to holders of record as of the close of business on August 3, 2015.
Targa Resources Partners LP owns, operates, acquires, and develops midstream energy assets in the United States. The company’s Gathering and processing division is involved in gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas; and gathering crude oil. This division gathers and processes natural gas from the Permian Basin in West Texas and Southeast New Mexico; the Fort Worth Basin, counting the Barnett Shale, in North Texas; and the Williston Basin in North Dakota, in addition to from the onshore and offshore regions of the Louisiana Gulf Coast and the Gulf of Mexico. It supplies natural gas through its gathering systems that comprise about 11,400 miles of natural gas pipelines.
TD Ameritrade Holding Corp. (NYSE:AMTD), ended its Friday’s trading session with 1.32% gain, and closed at $37.66.
Although Americans surveyed say providing monetary support to a family member is not a financial struggle, many also maintain high debt levels and have delayed major life milestones to provide this financial assistance. TD Ameritrade’s 2015 Financial Support survey explores the struggle Americans feel towards assisting a family member in need while still in debt themselves, and reveals key differences between Generation X and Baby Boomers.1
The Real Cost of Financial Support
- One in five Americans (22 percent) provide financial support to a parent and/or an adult child (“Financial Supporters”).
- Over the past year, Financial Supporters have given $12,000 of support on average – that’s an estimated $630 billion from the US economy.2
- Few report that providing this support is causing them great financial hardship: only 22 percent say they needed to use their savings to provide financial assist while 30 percent made small sacrifices and lived more frugally.
- However, Financial Supporters hold almost $100,000 in debt on average: $22,000 in unpaid credit card balances, personal lines of credit, or personal or student loans, and $75,000 in mortgage debt.
TD Ameritrade Holding Corporation provides securities brokerage services and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services comprise tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform that enables active investors and traders identify opportunities and stay informed; thinkorswim, a desktop platform for trading; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts from Web-enabled mobile devices
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