New Investment Funds, Restructured Agreements, Quarterly Dividends, Joint Ventures, and Common Stock Offerings - Research Report on JPMorgan Chase, American Capital, SIR, AMH and Regional Management
NEW YORK, September 26, 2013 /PRNewswire/ --
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Today, Investors' Reports announced new research reports highlighting JPMorgan Chase & Co. (NYSE: JPM), American Capital Agency Corp. (NASDAQ: AGNC), Select Income REIT (NYSE: SIR), American Homes 4 Rent (NYSE: AMH), and Regional Management Corp. (NYSE: RM). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
JPMorgan Chase & Co. Research Report
On September 23, 2013, JPMorgan Chase & Co. (JPMorgan Chase) announced that the new investment fund structured by the Company in association with the Bill & Melinda Gates Foundation, will for the first time, enable individual and institutional investors the opportunity to finance late-stage global health technologies that have the potential to save millions of lives in low-income countries. According to Jamie Dimon, Chairman and CEO of JPMorgan Chase, "The Global Health Investment Fund demonstrates the potential for innovative collaborations and thoughtful financial structures to mobilize new sources of capital for social challenges. This product brings a diverse group of investors together around the shared objective of developing life-saving technologies in a financially sustainable way." The Full Research Report on JPMorgan Chase & Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-23/JPM]
American Capital Agency Corp. Research Report
On September 19, 2013, American Capital Agency Corp. (American Capital) announced that the Company's Board of Directors has approved a cash dividend of $0.80 per share for Q3 2013. According to the Company, the dividend is payable on October 28, 2013, to common shareholders of record as of September 30, 2013, with an ex-dividend date of September 26, 2013. Additionally, American Capital also stated that in Q3 2013, it made open market purchases of approximately 11.9 million shares of the Company's common stock, or 3% of the Company's outstanding shares as of June 30, 2013, at an average price of $22.2 per share, totaling approximately $263 million, including expenses. The Full Research Report on American Capital Agency Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-23/AGNC]
Select Income REIT Research Report
On September 23, 2013, Select Income REIT (SIR) announced the restructuring of its management agreement with Reit Management & Research LLC (RMR) and the recommendation to shareholders to have annual election of all Trustees. In addition, SIR Board of Trustees has determined to recommend to shareholders that SIR's Declaration of Trust be amended to permit the annual election of all Trustees, instead of its current three year service periods. According to the joint statement, issued by SIR's Independent Trustees, "Historically, SIR's Board and management have focused on providing high quality management services to SIR at or below average costs. The changes announced today are intended to further align RMR's financial incentives with the returns realized by shareholders and enhance the Company's governance, while allowing SIR to continue receiving high quality management services at or below average costs. The SIR Board is also currently considering additional governance enhancements which may be announced during the next several months." The Full Research Report on Select Income REIT Common Share - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-23/SIR]
American Homes 4 Rent Research Report
On September 17, 2013, American Homes 4 Rent (AMH) announced the formation of American Mortgage Investment Partners, LLC (AMIP). According to the Company, AMIP, a joint venture established by the Company along with Johnson Capital Residential Investments, LLC (JCRI), aims to manage multiple investment funds focused on the acquisition and resolution of distressed residential mortgage assets in the U.S. The Company further stated that it expects AMIP to focus initially on evaluating possible acquisitions while it currently holds no residential mortgages. Commenting on the release, Chief Operating Officer of AMH, Jack Corrigan, said, "We are pleased to announce the formation of AMIP. We anticipate that this joint venture, focused on the future acquisition and resolution of residential mortgages, will help facilitate our continued growth. We also expect that our participation in AMIP will help assure that single family homes we acquire through these alternative acquisition channels will meet our underwriting standards with respect to the quality of the product and expected financial returns." The Full Research Report on American Homes 4 Rent - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-23/AMH]
Regional Management Corp. Research Report
On September 19, 2013, Regional Management Corp. (Regional Management) announced that Palladium Equity Partners III, L.P. and Parallel 2005 Equity Fund, LP, both stockholders of the Company and affiliates of Palladium Equity Partners and Parallel Investment Partners, have increased the size of the previously announced underwritten public offering of 2.9 million shares of the Company's common stock to 3.5 million shares and has priced the offering at $27.50 per share. The Company informed that it will not receive any proceeds from the offering, and the total number of shares of its outstanding common stock will not change as a result of the offering. The Company expects the offering to close on September 25, 2013, subject to satisfaction of customary closing conditions. The Full Research Report on Regional Management Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-23/RM]
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SOURCE Investors' Reports
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