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Thursday 23 April 2015
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Negative Closings: First Majestic Silver (NYSE:AG), Scorpio Bulkers (NYSE:SALT), General Growth Properties (NYSE:GGP), Alexandria Real Estate Equities (NYSE:ARE)

On Thursday, First Majestic Silver Corp (NYSE:AG)’s shares dwindled -1.95%, and closed at $5.03, as the FIRST MAJESTIC SILVER CORP, declared the promotion of Mr. Martin Palacios to the newly created position of Chief Transformation Officer (CTO). Since joining the Corporation in January 2012 as the Chief Information Officer (CIO), Mr. Palacios has played an integral part in diagnosing the Corporation’s information needs and crafted the Corporation’s mandate to ensure data integrity in what he defined as the “mining data value chain.

This data chain concept comprises on mapping, tracking and aggregating key data from the mine planning process all the way to finished goods and mineral sales. With this new mandate and focus, Mr. Palacios installed and implemented numerous informational systems where key data flows are digitally imported into SAP, which is the center piece of the applications portfolio. Total implementation time of SAP and most of its modules, which began in January 2013, took 25 weeks to complete.

First Majestic Silver Corp. holds in the attainment, exploration, development, and production of mineral properties with a focus on silver projects in Mexico.

Scorpio Bulkers Inc (NYSE:SALT), declined -1.94%, and closed at $2.02, during the last trading session on Thursday, as Scorpio Bulkers, declared that its Annual Report on Form 20-F for the year ended December 31, 2014 has been filed with the Securities and Exchange Commission and can be accessed on the Corporation’s website www.scorpiobulkers.com in the Investor Relations section under Financial Reports.

Scorpio Bulkers Inc., together with its auxiliaries, holds in the marine transportation of dry bulk commodities. Its fleet transports a range of major and minor bulk commodities, counting ores, coal, grains, and fertilizers along worldwide shipping routes.

At the end of Thursday’s trade, General Growth Properties Inc (NYSE:GGP), dipped -1.93%, and closed at $28.95, as Sears Holdings Corporation, and General Growth Properties, declared that they have reached a real estate joint venture under which Sears Holdings has contributed to the JV 12 Sears Holdings properties located at GGP malls, involving both existing Sears Holdings stores and certain property leased to third parties occupying former Sears Holdings stores.

As part of the transaction, GGP has contributed cash to the JV, and the JV has leased back the existing Sears Holdings stores. The transaction is designed to unlock real estate value and enhance financial flexibility for Sears Holdings while at the same time providing the JV the opportunity to create additional value through re-development and re-leasing of up to 50% of each property.

General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc is based in Chicago, Illinois.

Alexandria Real Estate Equities Inc (NYSE:ARE), ended its Thursday’s trading session with -1.91% loss, and closed at $94.27, as Alexandria Real Estate Equities, promulgated that the Corporation will conduct a symposium call and audio web cast on Tuesday, April 28, 2015, at 3:00 p.m. Eastern Time (ET), in conjunction with the release of its operating and financial results for the first quarter ended March 31, 2015.

Alexandria will release its operating and financial results after the market closes on Monday, April 27, 2015.

Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, administration, development, attainment, and redevelopment of properties for the life sciences industry.

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