During Friday’s Current trade, Shares of Idera Pharmaceuticals Inc (NASDAQ:IDRA), gain 3.08% to $3.17.
Eaton Vance closed-end funds (the “Funds”) declared distributions recently as detailed below.
* These Funds make distributions in accordance with a managed distribution plan. Under the managed distribution plan, a Fund issues a notice to shareholders and a press release containing information about the amount and sources of the distribution and other related information on payment date of the distribution. A Fund’s distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with “yield” or “income.” Distributions in excess of Fund returns will cause its net asset value to erode. Investors should not draw any conclusions about a Fund’s investment performance from the amount of its distribution or from the terms of its managed distribution plan.
The Distribution Rate at Market Price is based on the Fund’s most recent regular distribution per share (annualized) divided by the Fund’s market price at the end of the period. The Fund’s distribution may be comprised of ordinary income, net realized capital gains and returns of capital. A Fund’s distribution rate may be affected by numerous factors, counting changes in realized and projected market returns, Fund performance and other factors. There can be no assurance that an unanticipated change in market conditions or other unforeseen factors will not result in a change in a Fund’s distribution rate at a future time.
Eaton Vance Limited Duration Income Fund is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Administration. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating-rate loans, government agency mortgage-backed securities, and corporate bonds that are rated below investment grade. The fund seeks to maintain an average duration of three and a half years and average quality BBB/BBB- in its investments.
Shares of W&T Offshore, Inc. (NYSE:WTI), declined -4.94% to $3.08, during its current trading session.
W&T Offshore, Inc. (WTI) declared that it has reached a definitive agreement with Ajax Resources, LLC for the sale of all of its interest in its Yellow Rose field in the Permian Basin. Gross pre-tax proceeds from the transaction are predictable to be about $376,100,000, subject to customary closing adjustments. W&T also reserved a one to four percent sliding scale overriding royalty interest in the field. The transaction is predictable to close during the third quarter of 2015, with an effective date of January 1, 2015.
W&T’s interest in its Yellow Rose field comprises about 25,800 net acres in Andrews, Martin, Gaines, and Dawson counties in West Texas. For the month of July 2015, net production from the Yellow Rose field averaged about 3,000 barrels of oil equivalent (“Boe”) per day.
W&T Offshore, Inc., an independent oil and natural gas producer, together with its auxiliaries, engages in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and onshore in the Permian Basin of West Texas. It holds working interests in about 63 offshore fields in federal and state waters. As of December 31, 2014, the company had interests in offshore leases covering about 1.1 million gross acres spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi, and Alabama; and onshore leasehold interests in about 50,000 gross acres in Texas.
Axiall Corp (NYSE:AXLL), during its Thursday’s current trading session decreased -0.30% to $21.93.
The Board of Directors of Axiall Corporation (AXLL) declared a regular quarterly dividend of 16 cents per share of common stock. The dividend is payable Oct. 9 to shareholders of record at the close of business on Sept. 25.
Axiall Corporation manufactures and markets chemicals and building products in the United States and internationally. The company operates through three segments: Chlorovinyls, Building Products, and Aromatics. The Chlorovinyls segment produces chlor-alkali and derivative products, counting chlorine, caustic soda, vinyl chloride monomer, and vinyl resins; other chlor-alkali and derivative products comprising chlorinated ethylene, calcium hypochlorite, hydrochloric acid, and phosgene derivatives; and compound products, such as vinyl compounds, and compound additives and plasticizers.
Finally, Canadian National Railway (USA) (NYSE:CNI), decreased -0.66%, to $55.29.
Luc Jobin , executive vice-president and chief financial officer of CN (CNI), will address two investor conferences in mid-September 2015 :
- Citi 2015 Industrials Conference, Boston, Mass. , on Sept. 16 starting at 11.45 a.m. Eastern Daylight Time (EDT), and
- CIBC 14thAnnual Eastern Institutional Investor Conference, Montreal , on Sept. 17 starting at 2.05 p.m. EDT .
Jobin will talk about CN’s ongoing focus on supply chain collaboration and Operational and Service Excellence.
Canadian National Railway Company, together with its auxiliaries, engages in rail and related transportation business in North America. It offers transportation services that comprise rail, intermodal container, and trucking services; and supply chain solutions, counting warehousing and distribution, cargoflo, logistics parks, freight forwarding, customs brokerage service, industrial development, and marine services.
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