On Tuesday, Shares of Ares Capital Corporation (NASDAQ:ARCC), lost -2.36% to $14.06.
Ares Capital Corporation, declared that its Board of Directors has approved a stock repurchase program. Following the program, Ares Capital is authorized to repurchase up to $100 million in the aggregate of its outstanding common stock in the open market at certain thresholds below its net asset value per share, in accordance with the guidelines specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing, manner, price and amount of any share repurchases will be determined by Ares Capital, in its discretion, based upon the evaluation of economic and market conditions, stock price, applicable legal and regulatory requirements and other factors.
Ares Capital anticipates that the program will be in effect until September 30, 2016, or until the approved dollar amount has been used to repurchase shares. The program does not require Ares Capital to repurchase any specific number of shares and Ares Capital cannot assure you that any shares will be repurchased under the program. The program may be suspended, extended, modified or suspended at any time.
Ares Capital Corporation is a specialty finance company that is engaged in closed-end, non-diversified administration investment businesses. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments, investing invest primarily in United States middle-market companies.
Shares of Public Service Enterprise Group Inc. (NYSE:PEG), inclined 0.79% to $40.91, during its last trading session.
The New Jersey Association of Energy Engineers (NJAEE) has selected Public Service Electric and Gas Company’s (PSE&G’s) Kinsley Solar Farm as their 2014 renewable energy project of the year. The award was presented at the NJAEE annual awards gala held in Woodbridge, NJ.
The 11.18 megawatt-dc Kinsley Solar Farm is located on the closed Kinsley landfill in Deptford, NJ. It is part of PSE&G’s Solar 4 All® Program which is building 125 megawatts-dc of grid connected solar in the utility’s electric service territory.
“New Jersey public policy supports solar development in the state that maintains our scarce open space,” said Joe Forline, vice president – customer solutions, PSE&G. “We are honored that the NJAEE recognized the Kinsley Solar Farm because it allows PSE&G to support that policy aim. We are building enough grid-connected solar generation to power thousands of homes while giving precedingity to projects that reclaim landfill space that has otherwise limited development opportunities.”
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of about 13,146 megawatts.
At the end of Tuesday’s trade, Shares of ConAgra Foods Inc (NYSE:CAG), lost -0.89% to $40.06.
ConAgra Foods, declared the appointment of David Biegger as Executive Vice President and Chief Supply Chain Officer, effective Monday, Oct. 5.
“We are happy to welcome Dave to ConAgra,” said ConAgra CEO Sean Connolly. “He has a wealth of relevant experience and will be a terrific leader of our talented supply chain team.”
Connolly added, “We are committed to building stronger brands, enhancing margins and delivering more compriseent results. Against this backdrop, Dave and his team will continue to enhance our supply chain capabilities to give us a competitive advantage.”
ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through three segments: Consumer Foods, Commercial Foods, and Private Brands.
Finally, American Capital Agency Corp. (NASDAQ:AGNC), ended its last trade with -1.79% loss, and closed at $18.63.
American Capital Agency Corp., declared recently that its Board of Directors has declared a cash dividend of $0.20 per share of common stock for September 2015. The dividend is payable on October 9, 2015 to common stockholders of record as of September 30, 2015, with an ex-dividend date of September 28, 2015.
The Company also declared its estimated net book value of $23.79 per share of common stock as of August 31, 2015. The estimated net book value per common share is the Company’s total estimated stockholders’ equity after deducting the Company’s common stock dividend declared on August 12, 2015, which was paid on September 8, 2015, less the preferred stock liquidation preference, divided by the number of common shares outstanding as of month end. The estimated net book value is unaudited and has not been verified or reviewed by any third party. The Company’s current net book value may also be materially different from its estimated net book value as of August 31, 2015. The Company undertakes no obligation to update or revise its estimated net book value.
American Capital Agency Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by government-sponsored enterprise or by the United States government agency.
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