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CYS Investments, Inc. Board of Directors Declares First Quarter 2012 Dividend of $0.50 Per Share
Date(s): 8-Mar-2012 4:01 PM
Then, you'll REALLY LIKE this one from the previous day:
The Government Wants to Steal Your 401k
By Teeka Tiwari - Creator: ETF Master Trader
4.3 Trillion dollars sits in our nation's 401k Retirement Plans. It’s too big a temptation for the Federal government to ignore, and we may be on the verge of a full scale attack against our citizens' privately held wealth.
I'll get to the details of that in a moment. For the benefit of our foreign readers, a 401k is a retirement plan. The advantage of a 401k is that all money put into it can be taken as a tax deduction against your income. So, in effect, the government subsidizes a good portion of your retirement savings. This is one of the greatest gifts the Federal government has ever given us, because our money is allowed to compound completely tax free!
Now it's not all gravy -- you can't touch this money until you are 59 1/2, and when you start pulling money out you are taxed at ordinary income levels. This is regardless of whether your gains came from long term capital gains or dividend income. At this time, ordinary income rates are, generally speaking (depending upon your tax bracket), higher than capital gains rates and dividend income rates.
So the government gets their money in the end, which is why these are considered tax deferred plans, not tax free plans.
The advantage for the saver to contributing to a 401k is that contributions are tax deductible, meaning they get to grow their money for decades without the relentless performance drag of having to pay capital gains and dividend income tax each year.
This means that the government is providing you with an ongoing interest free loan for the life of your 401k. This "loan" allows you to compound more money... faster... for free. You are using other peoples' money (OPM) -- in this case the government's money -- to boost your gains.
For years this has been a phenomenal wealth creation tool for everyday Americans, but this great gift could be under serious threat.
The Unions Want Your Money
The unions have a problem: They have massive pension obligations that are woefully under funded. Some reports indicate that their pension funds are only 62% funded, with total shortfalls approaching $165 billion.
Their approach is to convince the government to take custody of ALL 401k assets and effectively nationalize them into a government guaranteed annuity that will pay about 3%. That's a rate that will guarantee that you lose money after inflation.
One of the largest contributors to the Obama cause is the Services Employees International Union (SEIU). They are the "face" organization behind this plan to centralize America's savings into "Guaranteed Retirement Accounts" (GRA's).
Now, guess where those 4 trillion 401k dollars will end up being invested?
The recipient of all this largesse will be US treasuries. This is a triple win for the Obama administration, the Federal government, and the unions:
The unions get to bail out their under funded pension funds by delivering guaranteed returns which, as measly as they are, are better than zero returns. The democrats get to return the favor back to the unions for their long term support. And the Federal government gets to use our money to help fund the federal deficit.
The sales pitch being used is that this should be done to save Americans from the "emotional ups and downs" of the stock market! How galling is that?
But even if this nationalization effort fails to pass, savers are still being assaulted by the Obama administration.
Let me explain...
In the most recent budget, the President is proposing restricting the amount of money investors can put into 401k's! The President's administration apparently feels that the best way forward is to PUNISH SAVERS!
Not only that, but we also saw that the President wants to boost dividend taxes from the current 15% to a whopping 40%! The actual top bracket with the inclusion of the Obama Care tax will be 43.5%. Oh, but don't worry, because this is just for those evil blood suckers making $250k a year.
Let me tell you something, depending upon where you live, $250k is not a lot of money. Even if you live in a low cost area of the country, $250k does not make you one of the glittering rich.
You might not be rich right now, but it is every American's right to strive to become rich if they so desire. That's a big part of the American dream -- work hard, build a business, live beneath your means and enjoy the fruits of your labor. It is precisely that striving for personal greatness that makes our entire country great.
Why should the entire nation be held to the standards of people who can't make good decisions for themselves? It is not only wrong, but it is destructive to our way of life. We are a people that firmly believe in the right to determine the direction of our own lives. We don't need a bunch of narrow minded Washington pukes telling us what's good for us.
It is not unimaginable that this legislation will pass, because crazier things have happened in our country's history. For instance, back in 1933 under Executive Order 6102, all privately held gold was confiscated by the US government.
You were compelled to sell your gold to the Federal Reserve for $20 an ounce under penalty of 10 years in prison. The Federal Reserve then promptly sold the bulk of the gold for $35 an ounce to the Europeans while pocketing the difference.
What's to say that they won't do the same thing with our 401ks?
and basically screwing over investors in companies like this
and these same companies themselves
arrrrrrrrgh
Obama's Budget is Every Investor's Worst Nightmare
By Louis Basenese, Chief Investment Strategist, WALL STREET DAILY
It doesn't matter what political party you pledge your allegiance to.
If you're a dividend investor - heck, if you're an investor of any sort - you need to adamantly oppose President Obama's proposed 2013 budget.
Again, this isn't about politics. It's about investing. Read on to find out why... and then, speak up!
Higher Taxes and Lower Yields, Here We Come!
Earlier this week, President Obama unveiled his proposed budget for the 2013 fiscal year. It includes roughly $2 trillion in new taxes and fees. And the bulls-eye is squarely positioned on investors, particularly dividend investors.
Specifically, the budget calls for increasing the top tax rate on qualified dividends to 39.6%, up from 15%. If we factor in the surcharge included in the healthcare reform package, the top dividend tax rate jumps to 43.4%.
At face value, you already know that the impact on after-tax yields would be significant. But let me show how much of a pay cut we're talking about.
PRE-TAX YIELD/AFTER TAX CURRENT/ WH 2013 BUDGET 2013/ BUDGET+ 2013 OBAMACARE
3% 2.55% 1.81% 1.7%
4% 3.4% 2.42% 2.26%
5% 4.25% 3.02% 2.83%
6% 5.1% 3.12% 3.4%
7% 5.95% 4.23% 3.96%
And as I'll explain, the timing for these proposed hikes couldn't be more terrible...
Kiss Corporate Generosity Goodbye
As you're well aware, conventional and safe saving mechanisms, like money market funds, CDs and U.S. Treasuries, offer paltry yields. Which has everybody hunting for a little more meat. And that's putting high-quality dividend stocks in high demand.
Thankfully, corporations are responding positively to the increased attention. Companies are actively upping their payouts to shareholders. The dividend payout ratio for the S&P 500 Index is up 32% since August 2009. And this year analysts expect the total dollar amount of dividends to reach a record high of $63 billion.
However, the proposed budget promises to stop this trend of increasing payouts dead in its tracks.
It's ironic, but true. The government's effort to get its hands on more dividend income is actually going to lead to less dividend income. Why? Because if the budget passes, the dividend tax rate will exceed the capital gains tax rate. By almost 20 percentage points (43.4% vs. 23.8%).
Under such circumstances, companies would be fools to pay out their profits via dividends. They'd be giving away their profits to the government. Instead, they'll reinvest the money in the business to try to increase share prices. That way, both the company (via higher profits) and shareholders would benefit (via lower taxes rates).
Or, as Gina Martin Adams, an institutional equities strategist for Wells Fargo, says, if the taxation of dividends is raised above the capital gains tax rate, "the dividend theme could die on the vine."
Amen, sister! And the last thing any investor wants is for companies to shutter their dividends payments.
Here's Why Every American Should Care
It's true that the proposed tax increases only apply to families earning over $250,000 per year or individuals earning over $200,000 per year. Since the majority of Americans don't earn that much money, they're probably thinking they won't be impacted.
Wrong!
The law of unintended consequences ensures all Americans are going to suffer from the higher dividend tax rates.
As I said before, the higher dividend tax rates are going to force companies to cut back on their dividend increases. And that means all dividend investors are going to be putting less income into their pockets.
Remember, dividend income accounts for roughly 90% of total stock market returns over the long term. So the President's proposed budget actually threatens the long-term prosperity of all investors.
Not to mention, taxing the "rich" more on dividends is merely a sales pitch.
Right now the White House Press Secretary, Jay Carney, is saying that the proposed tax increases amount to "asking those who have done exceptionally well over the last 10 years, the wealthiest Americans, pay a little bit extra... pay their fair share."
Nonsense! Taxing the rich first is simply the path of least resistance. So take heed: If these tax increases go through it will be much easier to push them through on all Americans in the not so distant future.
Bottom line: This isn't about class warfare or politics. The President's proposed budget threatens to cut into all investors' returns. So exercise your right in our wonderful democracy to speak up! Before it's too late.
CYS Investments, Inc. Annual Shareholder Meeting Scheduled:
Date(s): 10-May-2012 9:30 AM
CYS Investments, Inc. has added a new event to its Investor Relations calendar.
Title: CYS Investments, Inc. Annual Shareholder Meeting
Date(s): 10-May-2012 9:30 AM
CYS Investments, Inc. Announces Record Date for 2012 Annual Meeting of Stockholders
Cys Investments Common Stock (NYSE:CYS)
Today : Saturday 11 February 2012
CYS Investments, Inc. (NYSE: CYS) (the "Company") announced today that its Board of Directors has established March 8, 2012, as the record date for determining stockholders entitled to vote at the 2012 Annual Meeting of Stockholders. The annual meeting will be held on Thursday, May 10, 2012, at 9:30 AM Eastern Time at the offices of K & L Gates LLP, State Street Financial Center, One Lincoln Street, 19th Floor, Boston, Massachusetts 02111.
About CYS Investments, Inc.
CYS Investments, Inc. is a specialty finance company that invests on a leveraged basis in residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. The Company refers to these securities as Agency RMBS. The Company has elected to be taxed as a real estate investment trust for federal income tax purposes.
Please visit the Company's website at http://www.cysinv.com.
CYS has filed a new 8K and has submitted two PRs involved with their financials:
http://www.cysinv.com/phoenix.zhtml?c=211651&p=irol-news&nyo=0
well that's good news imo
wonder how many shares they sold
CYS Investments, Inc. has added a news release to its Investor Relations website.
Title: CYS Investments, Inc. Announces Closing of Common Stock Offering
Date(s): 1-Feb-2012 10:03 AM
http://www.cysinv.com/phoenix.zhtml?c=211651&p=irol-news&nyo=0
no problema. CYS has filed a new 8K:
http://www.cysinv.com/phoenix.zhtml?c=211651&p=irol-sec
thanks for the updates
A Form 424B5 regarding CYS Investments, Inc. has been filed with the United States Securities and Exchange Commission
If it does, I'll be jumping on it to avg down, get that payout percent popping, unless something catches my eye as a warning. They've been making changes here and there, including the name change, not sure what they're up to.
the public offering will drop the sp imo
probably by 1/2
CYS has 3 PRs/announcements/filings this morning: http://www.cysinv.com/phoenix.zhtml?c=211651&p=irol-news&nyo=0
they should and would if the economy wasn't in the toilet
Uncle Ben said interest rates will be held at present rate for next 3 years. REITs will have positive reaction, IMO.
CYS has announced a conference call to discuss financials
http://www.cysinv.com/phoenix.zhtml?c=211651&p=irol-news&nyo=0
though the article is about a different mREIT, the story is the same for CYS: http://seekingalpha.com/article/318855-annaly-capital-a-buy-in-spite-of-the-naysayers?source=email_rt_article&ifp=0
Sounds good to me. Good Luck.
well like that so called market correction jan 22 '09
I'll wait until past then
12:55 PM As Bank of America soared Thursday on chatter of a mass-refinancing plan, mortgage REITs slid on worries of prepayments slashing returns on their holdings of MBS. The trend was reversed on Friday after an administration official denied the rumors, but mREIT investors remain wary as NY Fed chief Dudley suggests intervention to reduce obstacles to refinancing. For now, many continue to offer double-digit dividends.
SEEKING ALPHA
well then the news is positive
at least it isn't negative
I believe I was half-right, it is for one year by definition, and I believe they re-evaluate after each financial release (qtrly)
http://www.investopedia.com/terms/p/pricetarget.asp#axzz1ihpUZHcp
I think they do it based on the released financials so it should be qtrly, but I could be wrong.
was that a 90 day forecast?
Top 10 Specialty Finance Stocks with Highest Short Interest: SFI, CYS, TAL, CISG, HTS, AGM, TWO, AYR, RRR, NCT (Dec 29, 2011) CHINA ANALYST
Below are the top 10 Specialty Finance stocks with the highest short interest as a percentage of total shares outstanding. Stocks with very low market caps are excluded. Significant Short Covering can cause these stocks to rise sharply. One Chinese company (CISG) is on the list.
iStar Financial Inc. (NYSE:SFI) has the 1st highest short interest in this segment of the market. Its short interest is 24.5% of its total shares outstanding. Its Days to Cover is 19.86, calculated as current short interest divided by average daily volume.
CYS Investments Inc (NYSE:CYS) has the 2nd highest short interest in this segment of the market. Its short interest is 15.7% of its total shares outstanding. Its Days to Cover is 11.58, calculated as current short interest divided by average daily volume.
TAL International Group, Inc. (NYSE:TAL) has the 3rd highest short interest in this segment of the market. Its short interest is 10.0% of its total shares outstanding. Its Days to Cover is 11.42, calculated as current short interest divided by average daily volume. CNinsure Inc. (ADR) (NASDAQ:CISG) has the 4th highest short interest in this segment of the market. Its short interest is 7.7% of its total shares outstanding. Its Days to Cover is 11.09, calculated as current short interest divided by average daily volume. Hatteras Financial Corp. (NYSE:HTS) has the 5th highest short interest in this segment of the market. Its short interest is 5.1% of its total shares outstanding. Its Days to Cover is 5.04, calculated as current short interest divided by average daily volume.
Federal Agricultural Mortgage Corp. (NYSE:AGM) has the 6th highest short interest in this segment of the market. Its short interest is 4.7% of its total shares outstanding. Its Days to Cover is 7.42, calculated as current short interest divided by average daily volume. Two Harbors Investment Corp (NYSE:TWO) has the 7th highest short interest in this segment of the market. Its short interest is 4.5% of its total shares outstanding. Its Days to Cover is 3.59, calculated as current short interest divided by average daily volume. Aircastle Limited (NYSE:AYR) has the 8th highest short interest in this segment of the market. Its short interest is 4.4% of its total shares outstanding. Its Days to Cover is 7.45, calculated as current short interest divided by average daily volume. RSC Holdings Inc. (NYSE:RRR) has the 9th highest short interest in this segment of the market. Its short interest is 4.4% of its total shares outstanding. Its Days to Cover is 5.35, calculated as current short interest divided by average daily volume. Newcastle Investment Corp. (NYSE:NCT) has the 10th highest short interest in this segment of the market. Its short interest is 3.9% of its total shares outstanding. Its Days to Cover is 4.24, calculated as current short interest divided by average daily volume.
you're welcome and Merry Xmas.
nice find!
thanks for the post!
well that's an influential level imo
right where I would call it borderline
on the edge so to speak
I'd like to see it become less than 3%
thanks for the welcome
and I don't mind a quiet thread
well for me, my concern would be shorts hitting this hard
and most of that would probably come through computer trades
once that starts, it just gets gets worse
maybe there just isn't enough shares available to the computers' algorithm software to justify shorting or there's more risk than reward for it
Welcome to a very quiet thread. Divvie will be paid on Dec 28th. What will really affect the pps is the next declare. From there, as we near the end of the promise of fed rates not increasing, IMO- investors will continue to flee the REITs in general, myself included. The fed rates cannot continue as they are, but being held there because of the 2012 election.
wonder what the fallout is going to be there.....
could be the sp will take a big hit
nice they're still paying the dividend
I'm not in yet, but I've been watching for a while
want to see what happens to the sp once the next divvy is paid out
and that's another good take on it
thanks for the update
many high dividend payers have been slammed
and investors could see this as a target for shorts on a super bad day
and poof, suddenly you could be down to $2
just my opinion
A Form 4 regarding CYS Investments, Inc. has been filed with the United States Securities and Exchange Commission.
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CYS is a specialty finance company that was created with the objective of achieving consistent risk-adjusted investment income. We seek to achieve this objective by investing on a leveraged basis in residential mortgage pass-through securities for which the principal and interest payments are guaranteed by the Federal National Mortgage Association, or Fannie Mae, the Federal Home Loan Mortgage Corporation, or Freddie Mac, or the Government National Mortgage Association, or Ginnie Mae, and collateralized by single-family residential mortgage loans. We refer to these securities as Agency RMBS. We have elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Our Chief Executive Officer and President, Kevin E. Grant, was a senior portfolio manager and member of the Aggregate Bond Team at Fidelity Investments, where he managed fixed income assets including the Mortgage Securities Fund, the Investment Grade Bond Fund, the Total Bond Fund, the fixed income portion of the Fidelity Puritan Fund and the Strategic Income Fund. Our investment team averages over 20 years' experience in the fields of MBS, structured finance, and corporate finance. Our portfolio managers have experience managing assets through the various interest rate and credit cycles since the early 1980s, and have the proven ability to generate risk-adjusted investment income in these environments. The Company was founded in January 2006, and is managed by Cypress Sharpridge Advisors LLC, a joint venture between Cypress CSI Advisors LLC, a sponsor of private equity funds and leveraged buyouts of U.S. companies, and Sharpridge Capital Management, L.P., a specialist fixed income asset management company founded by Kevin E. Grant, our Chief Executive Officer. Dividend History: http://ir.cypresssharpridge.com/phoenix.zhtml?c=211651&p=irol-dividends Recent Yield Data: http://www.dividendinvestor.com/?chk=572151307223246&symbol=cys&submit=GO NOTE: The Company has changed its name from "Cypress Sharpridge Investments, Inc." to "CYS Investments, Inc." and began trading under this name on September 1, 2011. The Company's ticker symbol on the New York Stock Exchange remains "CYS."
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