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Wednesday 26 August 2015
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Latest Update

Current Trade News Review: AmerisourceBergen (NYSE:ABC), NextEra Energy (NYSE:NEE), Royal Caribbean Cruises (NYSE:RCL), Franco-Nevada (NYSE:FNV)

During Monday’s Current trade, Shares of AmerisourceBergen Corp. (NYSE:ABC), lost -2.95% to $98.80.

The Board of Directors of AmerisourceBergen Corporation (ABC) declared a quarterly dividend of $0.29 per common share, payable September 1, 2015, to stockholders of record at the close of business on August 17, 2015.

AmerisourceBergen Corporation sources and distributes pharmaceutical products to healthcare providers, pharmaceutical and biotech manufacturers, and specialty drug patients in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers, counting acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.

Shares of NextEra Energy Inc (NYSE:NEE), declined -2.64% to $101.14, during its current trading session.

NextEra Energy Capital Holdings, Inc. declared that it will conduct a remarketing of its Series F Debentures due Sept. 1, 2017 (the “Debentures”) (CUSIP No. 65339K AE0), which are presently outstanding in the aggregate principal amount of $650 million, on Aug. 5, 2015 (and, if necessary, on the following two business days). The Debentures were originally issued as part of NextEra Energy, Inc.’s Corporate Units (CUSIP No. 65339F 887) on Sept. 11, 2012 (the “Corporate Units”) in conjunction with a Purchase Contract Agreement, dated as of Sept. 1, 2012 (the “Purchase Contract Agreement”). The Debentures are guaranteed by NextEra Energy Capital Holdings’ parent company, NextEra Energy, Inc. (NEE).

NextEra Energy, Inc., through its auxiliaries, generates, transmits, and distributes electric energy in the United States and Canada. The company generates electricity from gas, oil, solar, coal, petroleum coke, nuclear, and wind sources. As of December 31, 2014, it served about 9 million people through about 4.7 million customer accounts in the east and lower west coasts of Florida.

Royal Caribbean Cruises Ltd (NYSE:RCL), during its Monday’s current trading session decreased -1.72% to $84.16.

Royal Caribbean Cruises Ltd. (RCL) will amp up the adventure when the cruise line debuts Harmony of the Seas, the world’s largest cruise ship and the first to feature Splashaway Bay an interactive aqua park for kids. The Ultimate Abyss, the tallest slide at sea touting a 100 foot dramatic plunge, The Perfect Storm trio of water slides and Splashaway Bay are the latest in a thrilling collection of activities that will make Harmony of the Seas the ultimate family vacation experience starting next summer.

Royal Caribbean Cruises, Ltd. operates as a cruise company. The company operates cruisers under the Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisières de France, and TUI Cruises brand names. The Royal Caribbean International brand provides cruise itineraries ranging from 2 to 18 nights with options for onboard dining, entertainment, and other onboard activities to various destinations.

Finally, Franco-Nevada Corporation (NYSE:FNV), decreased -1.02%, to $45.82.

Franco-Nevada Corporation ( FNV) stated second quarter 2015 financial results realizing 83,040 Gold Equivalent Ounces (“GEOs”)(1) from its mineral assets and $10.3 million in revenue from its oil & gas assets. Net Income and Adjusted Net Income(2) were $21.6 million , or $0.14 per share, and $22.9 million , or $0.15 per share, respectively, with Adjusted EBITDA(3) being $82.2 million , or $0.53 per share.

Corporate Updates

  • Credit Facility: On May 22, 2015 , Franco-Nevada amended its credit facility which raised the amount accessible to $750.0 million and extended the maturity to May 2020 .
  • Candelaria: On July 29, 2015 , Franco-Nevada and Lundin Mining Corporation (“Lundin”) finalized certain post-closing items with Franco-Nevada making an additional and final $7.5 million payment due to an enhance in the reserves under the stream agreement.
  • Ring of Fire: On April 28, 2015 , Franco-Nevada attained royalty rights in the Ring of Fire mining district of Ontario by providing $28.5 million in loan and royalty financing to Noront Resources Ltd.

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, and internationally. It also has interests in silver assets and polymetallic exploration prospects; platinum group metal, including palladium; other minerals, such as base metals, iron ore, coal, and industrial and miscellaneous minerals; and oil and gas properties. As of March 25, 2015, the company had interests in 246 mineral assets and 137 oil and gas assets. It’s proved reserves is 22,899 thousand barrels of oil equivalent.

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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.

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