On Monday, Franklin Resources, Inc. (NYSE:BEN)’s shares inclined 2.41% to $38.67.
Templeton Global Income Fund declared its regular monthly dividend from net investment income of $0.025 per share, payable on October 30, 2015, to shareholders of record on October 16, 2015 (Ex-Dividend Date: October 14, 2015).
The Fund’s investment manager, Franklin Advisers, Inc., is a wholly owned partner of Franklin Resources, Inc. (NYSE: BEN).
Franklin Resources, Inc. is a publicly owned asset administration holding company. Through its auxiliaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships.
Twenty-First Century Fox Inc (NASDAQ:FOX)’s shares gained 1.41% to $28.70.
21st Century Fox (FOX) declared that its Board of Directors has nominated Jeffrey W. Ubben, Founder, Chief Executive Officer and Chief Investment Officer of ValueAct Capital, for election to the Company’s Board at the Annual Meeting of Stockholders to be held in 2015. With the nomination of Mr. Ubben, the Company would expand its Board from 12 to 13 directors.
Rod Eddington, lead independent director of 21st Century Fox’s Board said, “We are so happy about the prospect of having Jeff join our Board. Jeff and ValueAct Capital have a very strong track record of positive and collaborative engagement with the companies in which they invest. We have seen that cooperative and productive approach first-hand, and there is clear alignment with the rest of the directors on our long-term strategy. Jeff will be of great value to our Board and our stockholders.”
In conjunction with Mr. Ubben’s nomination, 21st Century Fox and ValueAct Capital have reached a contract regarding ValueAct Capital’s ongoing ownership of shares in the Company. A copy of the agreement will be comprised of as an exhibit to the Current Report on Form 8-K that 21st Century Fox will file recently with the Securities and Exchange Commission.
Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company worldwide. It operates through Cable Network Programming; Television; Filmed Entertainment; and Other, Corporate and Eliminations segments.
At the end of Monday’s trade, Tesla Motors Inc (NASDAQ:TSLA)‘s shares dipped -0.57% to $246.15.
Tesla Delivers 11,580 Vehicles in Q3 of 2015, This comprises first deliveries of Model X. Although we had one week of planned production shutdown, this delivery level represents a 49% enhance over Q3 last year in addition to the sixth successive quarter of growth.
There may be small changes to this delivery count (usually well under 1%), as Tesla only counts a delivery if it is transferred to the end customer and all paperwork is correct.
Also, this is only one measure of our financial performance and should not be relied on as an indicator of our quarterly financial results, which depend on a variety of factors, counting the cost of sales, foreign exchange movements and mix of directly leased vehicles.
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally.
Sanchez Energy Corp (NYSE:SN), ended its Monday’s trading session with 8.99% gain, and closed at $6.67.
Sanchez Energy Corporation (SN) declared that it has reached joint venture agreements with Targa Resources Partners LP (NGLS) to construct a new cryogenic natural gas processing plant and associated high pressure gathering pipelines near Sanchez Energy’s Catarina asset in the Eagle Ford Shale. The processing plant, which will be located in La Salle County, Texas, is predictable to have initial capacity of 200 million cubic feet per day (“MMcf/d”) with the ability to enhance to 260 MMcf/d. In connection with the joint venture agreements, Sanchez Energy intends to invest about $115 million and receive a 50% ownership interest in the plant and the about 45 miles of high pressure gathering pipelines that will connect SN’s existing Catarina gathering system to the plant. Targa will hold all of the transportation capacity on the pipeline, and the gathering joint venture will receive fees for transportation.
The new midstream joint ventures are predictable to provide noteworthy operational and commercial benefits and improve yields, enhance net-back prices, and lower the gathering and transportation fees SN presently pays for its Catarina production. Sanchez Energy has firm capacity for 125,000 Mcf/d of plant processing and associated pipeline capacity for the first five years and has dedicated the Catarina acreage and all production developed during the 15 year term. The Company has the option to deliver additional volumes and commit additional acreage to the new plant as production enhances.
The natural gas processing plant and gathering pipelines will be designed, built and operated by Targa. The plant is predictable to be operational by early 2017.
Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition, exploration, and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast.
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