On Friday, ARMOUR Residential REIT, Inc. (NYSE:ARR)’s shares inclined 1.05% to $2.89.
RMOUR Residential REIT, Inc. (ARR) confirmed the Q3 2015 monthly cash dividend rates for the Company’s Common Stock and Series A and Series B Preferred Stock.
Common Stock 1-for-8 Reverse Split and Q3 2015 Dividend Information
As formerly declared on June 18, 2015, the Company’s Board of Directors has approved a reverse stock split of ARMOUR’s outstanding shares of common stock at a ratio of one-for-eight, which is planned to take effect at about 5:00 p.m. Eastern Time on July 31, 2015. The July 2015 dividend rate of $0.04 per common share, which is the same as the Q2 2015 dividend rate, does not reflect the effect of the reverse stock split and would be equivalent to $0.32 per common share on a basis reflecting the one-for-eight reverse stock split. After the completion of the reverse stock split on July 31, 2015, ARMOUR’s August 2015 and September 2015 dividend rates will be $0.33 per share. The following table summarizes the Q3 2015 dividend information for the Company’s Common Stock:
ARMOUR Residential REIT, Inc. invests in and manages a portfolio of residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Administration LP. Its securities portfolio primarily comprises of agency securities backed by fixed rate, hybrid adjustable rate, and adjustable rate home loans, in addition to unsecured notes and bonds issued by the government-sponsored entities and the United States treasuries; and money market instruments.
King Digital Entertainment PLC (NYSE:KING)’s shares gained 0.14% to $14.68.
King Digital Entertainment PLC (KING) declared the launch of its first word-based ‘Saga’ game, AlphaBetty Saga. Now accessible to download for free from the AppStore and Google Play, this new game challenges players to take an exciting journey into the world of words, accompanied by an adventurous band of mice.
AlphaBetty Saga sets players off on a bold new quest as Betty, a young mouse living in the 1930s, follows her grandfather, Professor Alpha, and his loyal assistant, Barney, to discover lost words to complete the “Encyclopedia of Everything”. As the world’s authority on collecting words, Professor Alpha will call on players to assist him complete the legendary book.
This vibrant word-based game uses non-linear gameplay to enhance creative word play and planned opportunities for players as they are tasked with connecting adjacent letters to create words, score points and ultimately advance through a world very much like our own except for one small detail – it’s inhabited by mice and much of it is made of cheese!
King Digital Entertainment plc, an interactive entertainment company, produces and distributes digital games on multiple platforms in the United States, the United Kingdom, Germany, and internationally. The company primarily provides Candy Crush Saga, Candy Crush Soda Saga, Farm Heroes Saga, Pet Rescue Saga, and Bubble Witch 2 Saga games.
At the end of Friday’s trade, Starwood Property Trust, Inc. (NYSE:STWD)‘s shares surged 1.01% to $22.08.
Starwood Property Trust (STWD) declared that the Company will release its second quarter financial results on Tuesday, August 4, 2015 before the opening of trading on the New York Stock Exchange. A conference call will be held on Tuesday, August 4, 2015 at 10:00 a.m. Eastern Time.
Starwood Property Trust, Inc. originates, acquires, finances, and manages commercial mortgage loans, other commercial real estate debt investments, commercial mortgage-backed securities, and other commercial real estate-related debt investments in the United States and Europe.
McEwen Mining Inc (NYSE:MUX), ended its Friday’s trading session with -4.20% loss, and closed at $0.786.
McEwen Mining Inc. (MUX) declared that it has fallen below the New York Stock Exchange (“NYSE”) continued listing requirement related to the price of its common stock. The NYSE requires that the average closing price of a listed company’s common stock be above US$1.00 per share, calculated over a period of 30 successive trading days. The Company was advised by the NYSE on July 1, 2015 that the average price of our common stock for the previous 30 trading days was below US$1.00 per share
Under the NYSE’s rules, McEwen Mining has a period of six months from July 1, 2015, the date of the Company’s acknowledgement, to bring its share price and 30 day average closing share price back above US$1.00. During this period, McEwen Mining’s common stock will continue to trade on the NYSE, subject to all other continued listing requirements. The Company’s listing on the Toronto Stock Exchange (“TSX”) is unaffected by any actions of the NYSE.
McEwen Mining Inc. explores for, develops, produces, and sells precious and base metals in Argentina, Mexico, and the United States. It primarily explores for gold, silver, and copper. The company’s principal assets comprise of a 49% interest in the San José Mine in Santa Cruz, Argentina; the El Gallo 1 mine and El Gallo 2 project in Sinaloa, Mexico; the Gold Bar project in Nevada, the United States; and the Los Azules copper project in San Juan, Argentina.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
