During Wednesday’s current trade, CYS Investments Inc (NYSE:CYS)’s shares dropped -0.79%, to $112.30.
CYS Investments, Inc. (CYS) declared that Kevin E. Grant, CFA, the Company’s CEO and President, will deliver a presentation at the KBW Mortgage Finance Conference at the Millennium Broadway Hotel in New York City at about 9:45 a.m. (ET). A copy of the presentation slides is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.
CYS Investments, Inc., a specialty finance company, invests in residential mortgage pass-through securities in the United States. It also focuses on investing in residential mortgage-backed securities that are issued and the principal and interest of which are guaranteed by a federally chartered corporation (Agency RMBS); debt securities issued by the United States Department of Treasury or a government sponsored entity; and collateralized mortgage obligations issued by a government agency or government-sponsored entity that are collateralized by Agency RMBS.
SunPower Corporation (NASDAQ:SPWR)’s shares jumped 1.56% to $31.30, during the current trading session Wednesday’s, hitting its highest level.
The Kern High School District (KHSD) and SunPower Corp. (SPWR) declared a contract recently to design and build 22 megawatts of solar power systems at 27 district sites. According to data offered by The Solar Foundation, the agreement is the largest contracted commitment to solar power by any school district in the U.S. Once the systems are operational in 2016, the district estimates that it will achieve $80 million in savings in electricity costs over 25 years.
Construction will start on the solar power systems this summer. The project is predictable to be complete by the end of 2016, and will be financed through a power purchase agreement. For no upfront capital investment, the agreement provides the district with both competitive electricity rates and a hedge against potential utility rate enhances. KHSD will own the renewable energy credits associated with the systems.
Sage Renewable Energy Consulting, Inc., an independent energy consulting firm, was retained by the district to assist guide the vendor selection process and ensure that district aims are met from design through implementation.
SunPower Corporation designs, manufactures, and delivers solar systems to residential, commercial, and utility-scale power plant customers worldwide. The company offers solar power components, counting panels, balance of system components, and inverters.
In a mid-morning trade, Principal Financial Group Inc (NYSE:PFG)‘s shares climbed 1.60%, to $53.21.
Agenda and webcast details for the 2015 Des Moines Insurance Conference are now accessible. Participating companies comprise American Equity Investment Life Holding Company (AEL), EMC Insurance Group Inc. (EMCI), FBL Financial Group, Inc. (FFG), Fidelity & Guaranty Life (FGL), Principal Financial Group (PFG) and Symetra Financial Corporation (SYA). The conference will be held at the offices of Employers Mutual Casualty Company located at 700 Walnut St., Des Moines, IA on Thursday, June 11, 2015 with presentations startning at 7:30 a.m. CT.
The program comprises individual company fireside chats with Q&A sessions, in addition to special guest speaker Brian Hemesath with the Global Insurance Accelerator. The event is hosted in partnership with the CFA Society Iowa.
Principal Financial Group, Inc. provides retirement, asset administration, and insurance products and services. It operates through Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Investor Services segment provides a portfolio of asset accumulation products and services for retirement savings and investment to businesses, institutional clients, and employees of business and other individuals.
LinnCo LLC (NASDAQ:LNCO), during its Wednesday’s current trading session declined -0.74% to $10.69.
LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) declared monthly distributions and dividends, respectively.
LINN Energy, LLC declared a monthly cash distribution of $0.1042 per unit, or $1.25 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable June 17, 2015, to unitholders of record as of the close of business on June 11, 2015.
LinnCo, LLC, through its limited liability company interests in Linn Energy, LLC, focuses on the acquisition and development of oil and natural gas properties in the United States. The company was founded in 2012 and is headquartered in Houston, Texas.
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