Increased Credit Facility Commitments, Positions Moved, Survey Results, LEED Certification, and New Board Member Election - Analyst Notes on Prospect, Waddell & Reed, SEI, Alexandria and RPAI
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NEW YORK, June 10, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Prospect Capital Corporation (NASDAQ: PSEC), Waddell & Reed Financial, Inc. (NYSE: WDR), SEI Investments Company (NASDAQ: SEIC), Alexandria Real Estate Equities Inc (NYSE: ARE) and Retail Properties of America Inc (NYSE: RPAI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3547-100free.
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Prospect Capital Corporation Analyst Notes
On May 30, 2014, Prospect Capital Corporation (Prospect) announced that it has increased its total commitments by $20.0 million to $857.5 million in the aggregate on its five-year $1.0 billion revolving credit facility. According to the Company, the $20.0 million commitment comes from a new lender, bringing the total number of lenders to 28, more lenders than any other business development company revolving credit facility. According to the Company, the facility, which also has an investment grade Moody's rating of Aa3, includes an accordion feature, allowing the Company to accept revolving commitments of up to an aggregate of $1.0 billion. Steven Stone, Prospect's Chief Credit Officer, said, "The addition of a new lender demonstrates a continued interest in the Facility within the bank community. We continue to identify potential new participants for the Facility and look forward to increasing the commitments to our $1.0 billion target." The full analyst notes on Prospect are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/PSEC/report.pdf
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Waddell & Reed Financial, Inc. Analyst Notes
On May 27, 2014, Waddell & Reed Financial, Inc. (Waddell & Reed) reported that Waddell & Reed Advisors Asset Strategy Fund, along with Ivy Asset Strategy Fund, and Ivy Funds Asset Strategy VIP, have sold all holdings in Sands China Ltd, in a transaction with Merrill Lynch International. According to the Company, together, the funds have established a similar position with Sands China Ltd's parent company, Las Vegas Sands (LVS) of 16.9 million shares. The portfolio managers notified that the transaction will improve the overall liquidity of the Asset Strategy portfolios. Lastly, the Company stated that with the transaction, LVS is now one of the largest holdings in the Asset Strategy portfolios. The full analyst notes on Waddell & Reed are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/WDR/report.pdf
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SEI Investments Company Analyst Notes
On June 4, 2014, SEI Investments Company (SEI) released its survey results on advisors view on expected economic growth in 2014. SEI stated that around 79% of advisors are cautiously optimistic that the US economy will exhibit slow and steady growth in 2014. Meanwhile, 93% anticipated only a modest level of growth for the Dow Jones Industrial Average. Overall, results show that respondents pointed out two concerns, with 59% saying that they are worried about geo-political issues and 20% showed concern about Federal debt. Among other matters of concern include 9% were concerned about social security, 6% about state of Chinese economy, and 5% about unemployment. Steve Onofrio, Senior Vice President, Sales and Service, SEI, said, "It seems like the psychological after-effects of the recession are finally starting to wear off and advisors are becoming more optimistic about the market. It will be critical for advisors to now start communicating that optimism to their clients." The full analyst notes on SEI are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/SEIC/report.pdf
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Alexandria Real Estate Equities Inc Analyst Notes
On June 2, 2014, Alexandria Real Estate Equities Inc (Alexandria) announced that 225 Binney St., an about 305,000 rentable-square-foot (RSF) space fully leased to Biogen Idec Inc. in Cambridge, Massachusetts, has received Leadership in Energy & Environmental Design (LEED) Gold Certification from the US Green Building Council (USGBC). The Company informed that 225 Binney St. was recognized for its excellence in design, energy consumption, water efficiency, and environmental quality. Joel S. Marcus, Chairman, CEO and Founder of Alexandria, said, "As the leading REIT uniquely focused on developing sustainable and collaborative science and technology campuses in AAA locations, Alexandria continues to deliver highly efficient, state-of-the-art facilities designed to support the mission-critical research of our cutting-edge client tenants." The full analyst notes on Alexandria are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/ARE/report.pdf
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Retail Properties of America Inc Analyst Notes
On May 28, 2014, Retail Properties of America Inc (RPAI) announced the election of Peter L. Lynch, former Chairman, President and CEO of Winn-Dixie Stores, Inc., to the RPAI's Board of Directors. Lynch was the CEO of Winn-Dixie Stores, Inc., from 2004 through 2006, and Chairman of the Board of Directors, President and CEO, from 2006 through March 2012. Lynch also held various executive positions from 1998 through 2003 including President and Chief Operating Officer and Executive Vice President-Operations in Albertson's Inc. The full analyst notes on RPAI are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/RPAI/report.pdf
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