Notes Redemption, Managerial Changes, Upcoming Conferences, Increased Credit Commitments, and Cash Dividends - Analyst Notes on Ameriprise, Waddell & Reed, KKR, Prospect and SEI
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NEW YORK, May 28, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Ameriprise Financial, Inc. (NYSE: AMP), Waddell & Reed Financial Inc. (NYSE: WDR), Kohlberg Kravis Roberts & Co. L.P. (NYSE: KKR), Prospect Capital Corporation (NASDAQ: PSEC) and SEI Investments Co. (NASDAQ: SEIC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3007-100free.
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Ameriprise Financial, Inc. Analyst Notes
On May 21, 2014, Ameriprise Financial, Inc. (Ameriprise) announced that it will call for redemption all of its 7.75% Senior Notes due June 15, 2039. In accordance with the terms of the Notes, the redemption price will be equal to 100% of the principal amount of the Notes outstanding, plus accrued and unpaid interest to the Redemption date. The Company informed that for each $25 principal amount, the Redemption Price will be $25 in principal amount plus $0.49 in accrued and unpaid interest. Ameriprise further informed that the interest will cease to accrue on the Notes after the Redemption Date. The full analyst notes on Ameriprise are available to download free of charge at:
http://www.analystsreview.com/AMP.pdf/Register
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Waddell & Reed Financial Inc. Analyst Notes
On May 15, 2014, Waddell & Reed Financial Inc. (Waddell & Reed) announced the resignation of Ryan C. Caldwell, co-portfolio manager of the Company's Asset Strategy portfolios. Caldwell, who will be leaving the investment management industry, will remain as co-portfolio manager until June 15, 2014 and will thereafter become a consultant to the Company for a period of two years. Michael Avery, President of Waddell & Reed and co-portfolio manager of the Asset Strategy portfolios said that additional resources will be added to the Asset Strategy team from within the Waddell & Reed/Ivy organization. "We have a very deep investment organization and we will look within, as we did when we added Ryan to the Asset Strategy team in 2007, to add to our portfolio management team. Moreover, since more than any other product Asset Strategy utilizes and reflects the full capability of our entire investment management organization, we expect our investment process to go forward uninterrupted," Avery added. The full analyst notes on Waddell & Reed are available to download free of charge at:
http://www.analystsreview.com/WDR.pdf/Register
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Kohlberg Kravis Roberts & Co. L.P. Analyst Notes
On May 22, 2014, Kohlberg Kravis Roberts & Co. L.P. (KKR) announced that it will participate in Keefe, Bruyette & Woods Asset Management Conference on June 4, 2014. KKR informed that its CFO, William J. Janetscheck, and Head of Investor Relations, Craig Larson will present at the conference at 9:30 a.m. EDT. A live audio webcast of the presentation will be made available on the Company's website, while a replay will be made available shortly after the conclusion of the event. The full analyst notes on KKR are available to download free of charge at:
http://www.analystsreview.com/KKR.pdf/Register
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Prospect Capital Corporation Analyst Notes
On May 13, 2014, Prospect Capital Corporation (Prospect) announced that it has increased total commitments to its five-year $1.0 billion revolving credit facility by $45.0 million to $837.5 million in the aggregate. The Company informed that the additional commitment comes from three new lenders, bringing the total number of lenders to 27, which according to Prospect represents more lenders than any other business development company (BDC) revolving credit facility. Steven Stone, Chief Credit Officer of Prospect, said, "The addition of new lenders demonstrates a continued interest in the Facility within the bank community. These senior lenders conducted extensive due diligence, including related to the topics we discussed on our earnings call last week, before deciding to lend to us. 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/PSEC.pdf/Register
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SEI Investments Co. Analyst Notes
On May 21, 2014, SEI Investments Co.'s (SEI) board of directors declared a regular semi-annual dividend of $0.22 per share. The Company informed that the cash dividend is payable to shareholders of record on June 16, 2014 with a payment date of June 24, 2014. The full analyst notes on SEI are available to download free of charge at:
http://www.analystsreview.com/SEIC.pdf/Register
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