On Monday, BB&T Corporation (NYSE:BBT)’s shares declined -0.76% to $39.17.
BB&T Corporation (BBT) declared it has accomplished its agreement to significantly enhance its partnership interest in AmRisc, LP (AmRisc). In a related declarement, BB&T Corporation accomplished the sale of American Coastal Insurance Company (AmCoastal) to certain members of the AmRisc administration team.
Administration of AmRisc will retain a minority interest in the company and continue to planned ally grow and manage the business. The sale of American Coastal Insurance Company eliminates BB&T’s exposure to potential underwriting losses in the future. The net effect of these two transactions is not predictable to have a material impact on BB&T’s earnings or capital position. These transactions were comprised of in BB&T’s capital plan as part of the 2015 Comprehensive Capital Analysis and Review (CCAR). The Federal Reserve System accepted BB&T’s 2015 CCAR submission and did not object to its projected capital actions.
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.
XPO Logistics Inc (NYSE:XPO)’s shares dropped -0.92% to $48.71.
XPO Logistics Inc (XPO) declared that it intends to issue $2.0 billion U.S. dollar equivalent of senior notes (the “Notes”). The Notes are predictable to be issued in up to four tranches that may comprise U.S. dollar-denominated senior notes due in 2022, euro-denominated fixed rate senior notes due 2021, euro-denominated floating rate senior notes due in 2020, and pounds sterling-denominated senior notes due in 2020. XPO intends to use the net proceeds from the offering, together with cash on hand and the proceeds from its separately declared private placement of $1.26 billion of equity securities, to finance the purchase of Norbert Dentressangle SA and Bridge Terminal Transport Services, Inc., to repay certain existing indebtedness of Norbert Dentressangle SA and its auxiliaries, for other unspecified acquisitions, to pay related fees and expenses, and/or for working capital and other general corporate purposes.
The Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and outside the United States, only to non-U.S. investors following Regulation S. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.
XPO Logistics, Inc. provides transportation and logistics services primarily in the United States. The company operates through two segments, Transportation and Logistics. The Transportation segment provides truckload, less-than truckload and intermodal brokerage, and last-mile delivery logistics services under the brands XPO Logistics, XPO Last Mile, and Pacer; and time-critical, time-sensitive, or high priority freight shipment services under the brand names XPO Express, XPO NLM, and XPO Air Charter.
At the end of Monday’s trade, Royal Dutch Shell plc (ADR) (NYSE:RDS.B)‘s shares dipped -1.98% to $59.49.
Royal Dutch Shell plc (ADR) (RDS.B) capital comprises of 3,894,584,881 A shares and 2,440,410,614 B shares, each with equal voting rights. Royal Dutch Shell plc holds no ordinary shares in Treasury.
The total number of A shares and B shares in issue is 6,334,995,495 and this figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Royal Dutch Shell plc under the FSA’s Disclosure and Transparency Rules.
Royal Dutch Shell plc operates as an independent oil and gas company worldwide. It operates through Upstream and Downstream segments. The company explores for and extracts crude oil, natural gas, and natural gas liquids. It also converts natural gas to liquids to provide fuels and other products; markets and trades natural gas; extracts bitumen from mined oil sands and converts it to synthetic crude oil; and generates electricity from wind energy.
Magnum Hunter Resources Corp (NYSE:MHR), ended its Monday’s trading session with -8.20% loss, and closed at $1.68.
Magnum Hunter Resources Corp (MHR) declared that it has declared a monthly cash dividend on the Company’s 10.25% Series C Cumulative Perpetual Preferred Stock (“Series C Preferred Stock”), a monthly cash dividend on the Company’s 8.0% Series D Cumulative Preferred Stock and a monthly cash dividend on the Company’s 8.0% Series E Cumulative Convertible Preferred Stock (“Series E Preferred Stock”). The outstanding shares of Series E Preferred Stock are represented by depositary shares (the “Depositary Shares”), each representing a 1/1,000th interest of a share of Series E Preferred Stock.
The dividend on the Series C Preferred Stock, which is for the month of June 2015, is payable on June 30, 2015, to holders of record at the close of business on June 15, 2015. The payment will be an annualized 10.25% per share, which is equivalent to about $0.2135 per share, based on the $25.00 per share liquidation preference of the Series C Preferred Stock. The Series C Preferred Stock is presently listed on the NYSE MKT and trades under the ticker symbol “MHR.PRC”.
The dividend on the Series D Preferred Stock, which is for the month of June 2015, is payable on June 30, 2015, to holders of record at the close of business on June 15, 2015. The payment will be an annualized 8.0% per share, which is equivalent to about $0.3333 per share, based on the $50.00 per share liquidation preference of the Series D Preferred Stock. The Series D Preferred Stock is presently listed on the NYSE MKT and trades under the ticker symbol “MHR.PRD”.
Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States. The company operates through the U.S. Upstream, Midstream, and Oilfield Services segments.
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