On Thursday, Shares of Citigroup Inc. (NYSE:C), lost -0.83% to $56.19.
The C-Tracks Exchange-Traded Notes Based on the Performance of the Miller/Howard MLP Fundamental IndexTM (NYSE Arca: MLPC) will pay a quarterly coupon of $0.2796 per note on July 2, 2015 to holders of record as of the close of business on July 1, 2015. This coupon reflects the ordinary cash distributions of the MLPs underlying the Miller/Howard MLP Fundamental IndexTM net of fees over this past quarter.
Based on their closing price on June 25, 2015 and the declared quarterly coupon, the annualized indicated yield of the ETN is 4.77%. The annualized indicated yield is equal to the declared quarterly coupon multiplied by four, divided by the closing price of the ETN on June 25, 2015.
The annualized indicated yield is not indicative of future coupon payments, if any, on the ETN. Holders of the ETN are not guaranteed a coupon. Moreover, the annualized indicated yield does not take into account the effect of changes in the closing price of the ETN on the total return realized by an investor in the ETN. The total return realized by an investor in the ETN will depend on the coupons paid, if any, in addition to on fluctuations in the price of the ETN. The price of the ETN may decline, resulting in a negative total return to an investor even if the ETN continues to pay a quarterly coupon.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of UnitedHealth Group Incorporated (NYSE:UNH), inclined 2.65% to $122.33, during its last trading session.
UnitedHealthcare is donating 20 UnitedHealthcare Children’s Foundation (UHCCF) reading stations, nearly 800 Oliver & Hope children’s books and 2,000 activity worksheets as part of a Sacramento summer reading initiative.
The declaration was made at Wellspring Women’s Center where UnitedHealthcare employees joined more than 50 children and families, community leaders and UnitedHealthcare mascot Dr. Health E. Hound for a reading circle.
Throughout the summer, UnitedHealthcare employees will lead reading circle events and deliver the reading stations to various community-based organization and health care facilities in the region. The reading stations provide children a colorful place to read or draw, making doctor’s visits more enjoyable.
UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services.
Finally, IAC/InterActiveCorp (NASDAQ:IACI), ended its last trade with 5.09% gain, and closed at $81.19, hitting its highest level.
IAC/InterActiveCorp, declared that its Board of Directors has approved the pursuit of an initial public offering (IPO) of newly-issued shares of common stock of The Match Group. IAC also declared that Joey Levin, formerly CEO of its Search & Applications business, has been named CEO of IAC and joined its Board of Directors. Greg Blatt will remain Chairman, and Sam Yagan CEO, of The Match Group.
IAC anticipates The Match Group to issue less than 20% of its common stock in the initial public offering, with IAC’s remaining stake in The Match Group represented by both high- and low-vote common shares. The IPO is predictable to be accomplished during the fourth quarter of this year.
IAC also declared that Chief Financial Officer Jeff Kip is resigning from the company to spend more time with his family in Boston, and to pursue other interests. Mr. Kip will remain with IAC for an interim period and will assist with transition to a new CFO.
IAC/InterActiveCorp operates as a media and Internet company in the United States and internationally. It operates through four segments: The Match Group, Search & Applications, Media, and eCommerce. The Match Group segment provides subscription-based and ad-supported online personals services through its Websites and applications.
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