Record Trading Volume, Filings Update, Pricing of Offering, Scholarship Program and Dividend - Analyst Notes on CME Group, Prospect Capital, Colony Financial, Huntington Bank and Equity Residential
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NEW YORK, June 18, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding CME Group Inc. (NASDAQ: CME), Prospect Capital Corporation (NASDAQ: PSEC), Colony Financial, Inc. (NYSE: CLNY), Huntington Bancshares Incorporated (NASDAQ: HBAN) and Equity Residential (NYSE: EQR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3839-100free.
CME Group Inc. Analyst Notes
On June 13, 2014, CME Group Inc. announced that on June 12, 2014, it reached trading volume records for both its NYMEX Brent crude oil futures and British pound futures contracts. According to the Company, trading volume reached 112,446 for NYMEX Brent crude oil futures and 337,633 contracts for British pound futures. Additionally, average daily volume for NYMEX Brent is at a record high of over 75,000 so far in June 2014, and open interest was at its fourth highest level of 96,094 contracts on June 12, 2014. The full analyst notes on CME Group are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/CME/report.pdf
Prospect Capital Corporation Analyst Notes
On June 10, 2014, Prospect Capital Corporation (Prospect Capital) announced that following its discussion with the staffs of the Division of Investment Management and the Office of the Chief Accountant (OCA) of the Securities and Exchange Commission, a restatement of the Company's prior period financial statements will no longer be required to consolidate certain wholly-owned or substantially wholly-owned holding company subsidiaries. According to the Company, the update is in relation to its differences in views with SEC staff, as disclosed in its filing on Form 10-Q for the quarter ended March 31, 2014 on May 6, 2014 in which the SEC staff had asserted certain wholly-owned holding companies were investment companies that required to be consolidated in the historical financial results and financial position of Prospect Capital and hence and restatement of such financial statements was needed. However, at that time, Prospect Capital expressed its disagreement with the SEC views and wished to appeal the conclusion through OCA. The full analyst notes on Prospect Capital are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/PSEC/report.pdf
Colony Financial, Inc. Analyst Notes
On June 12, 2014, Colony Financial, Inc. (Colony Financial) announced the pricing of 3 million shares of 7.50% Series B Cumulative Redeemable Perpetual Preferred Stock with a liquidation preference of $25.00 per share. In addition, Colony Financial has granted the underwriters a 30-day option to purchase an additional 4.5 million shares of the 7.50% Series B Preferred Stock on the same terms and conditions solely to cover over-allotments, if any. The Company expects approximately $72.4 million net proceeds from the offering, which it intends to use to repay amounts outstanding under its secured revolving credit facility, and to use any remainder to acquire its target assets, and for working capital and general corporate purposes. The offering is expected to close on or about June 19, 2014, subject to customary closing conditions. The full analyst notes on Colony Financial are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/CLNY/report.pdf
Huntington Bancshares Incorporated Analyst Notes
On June 10, 2014, Huntington Bancshares Incorporated (Huntington Bank) announced that it is awarding $600,000 in college scholarships to the children of Huntington's employees for school year 2014/15. The scholarship is offered to dependents of the Company's employees who are aged 23 and under who are either starting college or returning full-time students. Last year, the Company also awarded $500,000 to communities across the Midwest to support programs aimed at improving family involvement in college preparation and enhancing overall access to higher education. Huntington Bank Chairman, President and CEO, Steve Steinour commented, "Each year we have an impressive group of applicants, which is a testament to the hard work and aspirations of the students and the dedication of their parents. As the price of a college education continues to increase, we are pleased to help these students in their pursuit of academic and professional excellence." The full analyst notes on Huntington Bank are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/HBAN/report.pdf
Equity Residential Analyst Notes
On June 12, 2014, Equity Residential reported that its Board of Trustees has declared a common share dividend of $0.50 per share for the second quarter, payable on July 11, 2014 to shareholders of record on June 23, 2014. It also declared a quarterly dividend of c.$1.04 per share, which will be paid on June 30, 2014 to shareholders of record on June 20, 2014 of the company's Series K Preferred Shares. The full analyst notes on Equity Residential are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/EQR/report.pdf
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