Joint Ventures, Repurchase Programs, Quarterly Dividends, and Other Announcements - Research Report on Zillow, American Capital, Apollo, TFS Financial, and Colony Financial
NEW YORK, October 2, 2013 /PRNewswire/ --
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Today, Investors' Reports announced new research reports highlighting Zillow, Inc. (NASDAQ: Z), American Capital, Ltd. (NASDAQ: ACAS), Apollo Global Management, LLC (NYSE: APO), TFS Financial Corp (NASDAQ: TFSL), and Colony Financial, Inc. (NYSE: CLNY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Zillow, Inc. Research Report
On September 24, 2013, Zillow, Inc. (Zillow) announced that in the Company-hosted event on Google+ Hangout, which is scheduled for October 3, 2013, 11:30 a.m. PDT (2:30 p.m. EDT), the Federal Housing Finance Agency (FHFA) will take part to answer questions about the Home Affordable Refinance Program (HARP). The Company stated that Erin Lantz, Zillow's director of mortgages, will be the moderator of the event and Meg Burns, Senior Associate Director for the Office of Housing and Regulatory Policy for the FHFA, will answer questions from homeowners who are selected by Zillow. Lantz said, "Even though HARP has been around for four years, estimates show that many more homeowners still stand to benefit from the program. We're thrilled to have the opportunity to connect these homeowners directly with the people who can answer their questions about this refinancing program." The Full Research Report on Zillow, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-29/Z]
American Capital, Ltd. Research Report
On September 26, 2013, American Capital, Ltd. (American Capital) announced that in Q3 2013, the Company made open market purchases of approximately 13.4 million shares of American Capital common stock, which is equivalent to 4.5% of its outstanding shares as of June 30, 2013. According to the Company, the shares were purchased at an average purchase price of $13.11 per share, totaling approximately $175.5 million. American Capital informed that these share purchases were completed in accordance with the Company's Share Repurchase and Dividend Policy under which the Company will consider quarterly setting an amount to be utilized for stock repurchases or dividends. The Full Research Report on American Capital, Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-29/ACAS]
Apollo Global Management, LLC Research Report
On September 23, 2013, Apollo Global Management, LLC (Apollo) announced that funds affiliated with the Company and Rickmers Group have entered into a joint venture to invest up to $500 million in container ships, with initial focus on secondary market vessels. According to the Company, the investments are expected to be made over a period of several years. Apollo informed that the joint venture may also be expanded over time to include new build tonnage and other ship related investments if the parties find attractive projects in those areas and mutually agree to pursue them. Fred Khedouri, Chief Investment Officer of Apollo's EPF Fund, commented, "This investment builds on Apollo's previous maritime investments in the debt capital markets and private equity and demonstrates Apollo EPF's continued commitment to providing creative capital solutions to a variety of European industries and asset classes." The Full Research Report on Apollo Global Management, LLC - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-29/APO]
TFS Financial Corp Research Report
On September 26, 2013, TFS Financial Corp (TFS Financial), the holding company for Third Federal Savings and Loan Association of Cleveland, announced that it has received a written non-objection from the Federal Reserve System to resume its fourth stock repurchase program. According to the Company, under the terms of the repurchase program, c.2.2 million shares of outstanding common stock are due to be purchased from period no sooner than October 1, 2013. The Full Research Report on TFS Financial Corp - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-29/TFSL]
Colony Financial, Inc. Research Report
On September 16, 2013, Colony Financial, Inc. (Colony Financial) announced that its Board of Directors has approved a Q3 2013 cash dividend of $0.35 per share on its common stock, payable on October 15, 2013, to shareholders of record as of September 30, 2013. Colony Financial also stated that its Board of Directors has declared a cash dividend of c.$0.53 per share on its 8.50% Series A Cumulative Perpetual Preferred Stock with a liquidation preference of $25 per share for the quarter ending October 15, 2013. The Company informed that the said dividend will be payable on October 15, 2013, to shareholders of record as of September 30, 2013. The Full Research Report on Colony Financial, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-29/CLNY]
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