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Recent News:
TATE & LYLE TAKES MAJOR STEP TO FOCUS BUSINESS THROUGH SALE OF EU SUGAR OPERATIONSJul 1, 2010
Pink OTC Markets News Service
London, United Kingdom— 1 July 2010 – Tate & Lyle PLC
TATE & LYLE TAKES MAJOR STEP TO FOCUS BUSINESS THROUGH SALE OF EU SUGAR OPERATIONS
Tate & Lyle PLC (“Tate & Lyle”) announces today it has signed an agreement for the sale of its EU Sugar Refining operations (“EUS”) to American Sugar Refining, Inc. The consideration is £211 million payable in cash, subject to closing adjustments for net cash and working capital, with the proceeds used to reduce Tate & Lyle’s net debt[1].
On 27 May 2010, Tate & Lyle announced its clear intentions to focus, fix and grow its business. Today’s announcement is fully consistent with those intentions and will result in a more focused, less volatile business, and a solid platform to deliver sustainable long-term growth in Speciality Food Ingredients, supported by cash generated from Bulk Ingredients.
EUS consists of the cane sugar refineries in London, UK and Lisbon, Portugal, the Lyle’s Golden Syrup factory in London, UK, the associated sugar and syrup brands and the Tate & Lyle Process Technology consulting business. In the year ended 31 March 2010, these businesses had external sales of £689 million and made an adjusted[2] operating profit of £14 million (after transitional aid of £17 million), and had gross assets of £374 million at 31 March 2010. The sale excludes historic UK pension assets and liabilities and is expected to give rise to a book loss on disposal, before costs, of approximately £55 million, subject to exchange rate movements and the timing of completion. The transaction is expected to be neutral to the Group’s adjusted earnings per share on total operations in the 2011 financial year.
The completion of the transaction, which is conditional upon anti-trust clearance in Portugal, is expected to occur in approximately two months. Payment of £5 million of the consideration is contingent on the transfer of certain joint venture shareholdings that are subject to pre-emption rights held by the other shareholders.
Tate & Lyle has provided American Sugar Refining, Inc. with a perpetual worldwide licence to use the Tate & Lyle brand in connection with the retail sale of sugar and in other limited circumstances.
Tate & Lyle also announces the launch of processes to sell the remaining businesses within the Sugars division, principally Molasses and Vietnamese sugar.
The Sugars division will be classified as discontinued in the Interim Results to 30 September 2010.
Javed Ahmed, Chief Executive of Tate & Lyle said:
“Sugar refining has enjoyed a long and proud history within Tate & Lyle, but we believe the interests of this business and its employees are now best served by being part of a company for whom sugar refining is core. I sincerely thank our employees for their hard work and commitment over the years, and wish them every success in the future.
“Tate & Lyle’s clear priority is to grow its Speciality Food Ingredients business, supported by cash generated from Bulk Ingredients. This disposal will enable us to concentrate our resources on delivering our strategic objectives as we focus, fix and grow our business.”
END
For more information contact Tate & Lyle PLC:
Chris McLeish, Director of Investor Relations
Tel: +44 (0) 20 7977 6211 or Mobile: +44 (0) 7919 102 730
William Baldwin-Charles, Head of Media Relations
Tel: +44 (0) 20 7977 6165 or Mobile: +44 (0) 7810 151 425
About Tate & Lyle:
Tate & Lyle is a global provider of ingredients and solutions to the food, beverage and other industries, operating from more than 45 production facilities around the world. Through our large-scale, efficient manufacturing plants, we turn raw materials into distinctive, high quality ingredients for our customers. Our ingredients and solutions add taste, texture, nutrition and increased functionality to products that millions of people around the world use or consume every day.
Tate & Lyle’s range of leading branded food ingredients includes SPLENDA® Sucralose, PROMITOR™ Dietary Fiber and STA-LITE® Polydextrose. Tate & Lyle also produces branded industrial ingredients including Bio-PDO™, Ethylex® and Sta-Lok® paper starches; and staple ingredients such as high fructose corn syrup, ethanol, citric acid and basic starches. In addition to providing a wide range of ingredients our Innovation and Commercial Development Group supports customers by providing product development, technical advice and proprietary consumer insight studies.
Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2010, Tate & Lyle employed 5,666 people in its subsidiaries and joint ventures, and sales totalled £3.50 billion. http://www.tateandlyle.com.
SPLENDA® is a trademark of McNeil Nutritionals, LLC
--------------------------------------------------------------------------------
[1] Net debt at 31 March 2010 was £814 million.
[2] Excluding exceptional items and amortisation of acquired intangibles.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not Pink OTC Markets Inc. are solely responsible for the accuracy of such news releases.
Source: www.pinksheets.com
Contact Information:
Tate & Lyle, PLC
Sugar Quay
Lower Thames St.
London EC 3R 6DQ
United Kingdom
http://www.tateandlyle.com
Phone: +44 (0)20 7626 6525
Fax: +44 (0)20 7623 5213
Company Background
Tate & Lyle PLC is a provider of ingredients and solutions to the food beverage and other business. The Company's products from its commodity corn milling and sugar business are classified as primary. During the year ended March 31, 2010, the Company operated through three business divisions: speciality food ingredients, bulk ingredients and sugars. Tate & Lyle operates a network of corn wet mills in both North America and Europe, processing two types of corn: dent and waxy. Dent corn is used to make fructose corn syrup, basic food and industrial starches, alcohol (ethanol) and animal feed. Waxy corn is concentrated direct from the farmer and is used in adhesives and gums for the paper industry. In Europe, the Company has one wholly owned corn wet milling plant, with another four as part of its joint venture, Eaststarch. The Company also has one wholly owned corn wet milling plant in Morocco.
Falcon Oil & Gas Ltd. Announces the Filing of its Interim Financial Statements and Accompanying MD&A
DENVER, CO September 2, 2010 - Falcon Oil & Gas Ltd. (TSXV: FO) announced that it has filed its interim financial statements for the six month period ended June 30, 2010 and the accompanying management's discussion and analysis.
These filings are available at www.sedar.com and on Falcon's website at www.falconoilandgas.com.
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. is an international oil and gas exploration and production company, headquartered in Denver, Colorado, incorporated in British Columbia, Canada, and trading on the TSX Venture Exchange under the symbol "FO." The company specializes in the business of unconventional and conventional oil and gas exploration and production and holds interests in prospective properties in Australia, Hungary, and South Africa. The company is focused on discovering, acquiring, and maturing a globally diversified portfolio of drilling opportunities with a goal of maximizing shareholder value through strategic relationships. Additional information concerning Falcon Oil & Gas Ltd. is available at www.falconoilandgas.com. Investor inquiries may be directed to investor@falconoilandgas.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact: Deane Bruner
Ray Catroppa
Falcon Oil & Gas Ltd.
Cameron Associates
Corporate Communications
Investor Relations
(303) 893-1800
(212) 554-5489
investor@falconoilandgas.com
ray@cameronassoc.com
Source: www.falconoilandgas.com
Contact Information
Falcon Oil & Gas Ltd.
1875 Lawrence St.
Suite 1400
Denver, CO 80202
http://www.falconoilandgas.com
Phone: 303-893-1800
Fax: 303-572-8927
E-mail: info@falconoilandgas.com
No financials available...
"No Financial Reports have been published on the OTC Disclosure and News Service by this company."
Source: www.pinksheets.com
Pink Sheets Warning...
"This company may not be making material information publicly available."
"If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties..."
Recent News
FALCON OIL & GAS LTD. ANNOUNCES THE GRANTING OF STOCK OPTIONS, THE APPOINTMENT OF A NEW CORPORATE SECRETARY AND THE RESIGNATION OF A DIRECTOR
Tuesday 09/14/2010 7:13 PM ET - Cnw Group
Related Companies
Symbol Last %Chg
FOLGF 0.16 -1.23%
As of 3:23 PM ET 9/17/10
Falcon Oil & Gas Ltd. (the "Company" or "Falcon") announced today that, under the stock option plan approved at Falcon's annual and special shareholders meeting held on December 22, 2009, it has granted incentive stock options to purchase an aggregate of 4,725,000 common shares of Falcon to a number of recipients, including directors, officers, employees and consultants. The stock option grants are all subject to regulatory approval.
Terms of the options include an exercise price of $0.17 per common share, a vesting schedule allowing for 1/3 of the options to vest immediately with an additional 1/3 vesting each subsequent year until the options are fully vested on August 30, 2012, respectively, and an expiry date of the options of August 30, 2015.
A maximum of 10% of the issued and outstanding shares of Falcon are reserved for the issuance of the Falcon's stock option plan.
The Company is pleased to announce the appointment, subject to regulatory approval, of Daniel Bloch as the Company's corporate secretary upon the resignation of Mr. David Brody from this position. Additionally, the Company has agreed to issue, subject to regulatory approval, 1,000,000 common shares to a previous officer of the Company in consideration of past services provided and cessation of a consulting contract.
The Company also announced that it has received, and has accepted the resignation, of one of its directors Mr. Carl Stadelhofer. Marc A. Bruner, Falcon's Chief Executive Officer and a director, expressed his gratitude to Mr. Stadelhofer stating that "I would like to thank Carl on behalf of Falcon, and the other members of Falcon's board, for his years of service as a director of Falcon".
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. is an international oil and gas exploration and production company, headquartered in Denver, Colorado, incorporated in British Columbia, Canada, and trading on the TSX Venture Exchange under the symbol "FO." The company specializes in the business of unconventional and conventional oil and gas exploration and production and holds interests in prospective properties in Australia, Hungary, and South Africa. The company is focused on discovering, acquiring, and maturing a globally diversified portfolio of drilling opportunities with a goal of maximizing shareholder value through strategic relationships. Additional information concerning Falcon Oil & Gas Ltd. is available at www.falconoilandgas.com. Investor inquiries may be directed to investor@falconoilandgas.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Falcon Oil & Gas Ltd.
Source: Scottrade
10-Q (For Period Ending 06/30/10)
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7394737
Form 4 (For Period Ending 08/12/10)
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7449485
Company Background
Abbott Laboratories (Abbott) is engaged in discovery, development, manufacture, and sale of diversified line of healthcare products. The Company operates in four segments: Pharmaceutical Products, Diagnostic Products, Nutritional Products and Vascular Products. Its Pharmaceutical Products include a line of adult and pediatric pharmaceuticals manufactured, marketed, and sold. Its Diagnostic Products include a line of diagnostic systems and tests manufactured, marketed, and sold to blood banks, hospitals, commercial laboratories, clinics, physicians' offices, alternate-care testing sites and plasma protein therapeutic companies. The Company's Nutritional Products include a line of pediatric and adult nutritional products manufactured, marketed, and sold worldwide. Its Vascular Products include a line of coronary, endovascular, and vessel closure devices for the treatment of vascular disease manufactured, marketed and sold worldwide
Source: Scottrade
8-K (For Period Ending 09/07/10)
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7453039
Interim Report First Quarter Of 2010
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=31780
Contact Information
Allianz SE
Koeniginstrasse 28
Munich 80802
Germany
http://www.allianz.com
Phone: +49 89 3800-0
Fax: +49 89 3800-3425
E-mail: investor.relations@allianz.com
Source: www.pinksheets.com
Company Background
Allianz SE is an integrated financial services provider. The Company serves approximately 75 million customers in about 70 countries. Allianz SE operates and manages its activities primarily through four operating segments: Property-Casualty, Life/Health, Asset Management, and Corporate and Other. It offers a variety of insurance products to both private and corporate customers, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit and travel insurance. It offers life and health insurance products on individual and group basis. It acts as a global provider of institutional and retail asset management products and services to third-party investors. On January 12, 2009, the Company sold Dresdner Bank AG to Commerzbank. In May 2010, the Company acquired six solar parks, each with up to one megawatt peak capacity, from BP Solar Italy, a unit of BP Alternative Energy.
Source: Scottrade
Contact Information
AXA
25 avenue Matignon
75008 Paris
Paris 75008
France
http://www.axa.com
Phone: +33 (0) 1 4075 5700
Fax: +33 (0)1 40 75 57 50
Company Background
Care Investment Trust Inc. (Care) is an externally managed real estate investment trust (REIT) formed to invest in healthcare-related real estate and mortgage debt. The Company's CIT Healthcare LLC (Manager) is a healthcare finance company that offers a range of financing solutions and related strategic advisory services to companies across the healthcare industry throughout the United States. As of December 31, 2009, Care maintained a diversified investment portfolio consisting of $56.1 million in unconsolidated joint ventures that own real estate, $101.5 million invested in wholly owned real estate and $25.3 million in three investments in mortgage loans that are held at lower of cost or market (LOCOM). Its investments in healthcare real estate include medical office buildings and assisted and independent living facilities and Alzheimer facilities. Its loan portfolio consists of first mortgages on nursing facilities and mixed-use facilities.
Recent News
LIONSGATE Dives Into the RABBIT HOLE With Nicole Kidman and Aaron Eckhart
Thursday 09/16/2010 6:40 PM ET - Cnw Group
Related Companies
Symbol Last %Chg
LGF 7.30 0.41%
As of 10:56 AM ET 9/17/10
<<
Studio Acquires North American Distribution Rights
John Cameron Mitchell Directs Playwright David Lindsay-Abaire's Adaptation
of His Award Winning Drama
>>
LIONSGATE® (NYSE: LGF), the leading next generation studio, today announced that it has acquired North American distribution rights to RABBIT HOLE, starring Academy Award® winner Nicole Kidman and Aaron Eckhart, directed by John Cameron Mitchell (HEDWIG AND THE ANGRY INCH), which made its world premiere at the Toronto International Film Festival earlier this week. RABBIT HOLE is adapted by David Lindsay-Abaire from his Pulitzer Prize and Tony Award® winning play of the same name, and produced by Leslie Urdang and Dean Vanech for Olympus Pictures; Nicole Kidman and Per Saari for Blossom Films; and Gigi Pritzker for Odd Lot Entertainment. The announcement was jointly made today by Joe Drake, Lionsgate Chief Operating Officer and Motion Picture Group President, and Jason Constantine, Lionsgate President of Acquisitions and Co-Productions.
RABBIT HOLE made its world premiere at the Toronto International Film Festival on Monday, September 13. Lionsgate plans a Winter 2010 release. The film is the first release from Kidman's Blossom Films.
Said Constantine, "We are proud to be the home of RABBIT HOLE, a drama that not only has great pedigree, but passion, humor, emotion, and profound insight. We are very much looking forward to working with Nicole, Aaron, John and David to bring their extraordinary work to North American audiences."
Said producer Saari, "Nicole and I are elated. From the beginning, RABBIT HOLE has been a dream collaboration, and it continues here with Lionsgate."
"It was a joy to have worked with such a talented director and a brave and brilliant cast led by Nicole and Aaron," added producers Urdang and Vanech. "We couldn't be more excited to find a home at Lionsgate - their marketing and distribution team have long impressed us with their innovative approach to films that take creative risks," they added.
The deal was negotiated for Lionsgate by Constantine, Eda Kowan, Lionsgate Senior Vice President of Acquisitions and Co-Productions, and Wendy Jaffe, Executive Vice President Business & Legal Affairs, Acquisitions and Co-Productions. CAA, which represents Mitchell, Kidman, Eckhart and Teller, brokered the deal on behalf of Odd Lot, Blossom Films and Olympus Pictures.
<<
SYNOPSIS - RABBIT HOLE
>>
The screen adaptation of the Pulitzer Prize-winning play by David Lindsay-Abaire, RABBIT HOLE, directed by John Cameron Mitchell, is about a husband and wife who fight to save their marriage after the deepest form of loss. The film is a vivid, honest and unexpectedly funny portrait of a family searching for what remains possible in the most impossible of situations.
<<
ABOUT LIONSGATE
>>
Lionsgate is the leading next generation studio with a strong and diversified presence in the production and distribution of motion pictures, television programming, home entertainment, family entertainment, video-on-demand and digitally delivered content. The Company has built a strong television presence in production of prime time cable and broadcast network series, distribution and syndication of programming through Debmar-Mercury and an array of channel assets. Lionsgate currently has 15 shows on more than 10 networks spanning its prime time production, distribution and syndication businesses, including such critically-acclaimed hits as the Emmy Award-winning "Mad Men", "Weeds" and "Nurse Jackie" along with new series such as "Blue Mountain State" and "Running Wilde" and the syndication successes "Tyler Perry's House Of Payne", its spinoff "Meet The Browns", "The Wendy Williams Show" and the recently announced "Are We There Yet?".
Its feature film business has generated such recent hits as THE EXPENDABLES, which was #1 at the North American box office for two weeks, THE LAST EXORCISM, TYLER PERRY'S WHY DID I GET MARRIED TOO?, KICK ASS and the critically-acclaimed PRECIOUS, which won two Academy Awards(R). The Company's home entertainment business has grown to more than 7% market share and is an industry leader in box office-to-DVD revenue conversion rate. Lionsgate handles a prestigious and prolific library of approximately 12,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company's core businesses. The Lionsgate brand remains synonymous with original, daring, quality entertainment in markets around the world.
<<
ABOUT OLYMPUS PICTURES
>>
Olympus Pictures was founded in 2007 by Leslie Urdang and Dean Vanech to finance and produce low budget films and to finance the development of feature films at all budget levels. Olympus provides an extremely supportive environment for filmmakers and quality entertainment in a wide range of genres.
Olympus' first feature Adam, written and directed by Max Mayer, starring Hugh Dancy, Rose Byrne, Peter Gallagher, Frankie Faison and Amy Irving, was released by Fox Searchlight in 2009. In addition to Rabbit Hole, Olympus produced and financed Mike Mills' Beginners, starring Ewan McGregor, Christopher Plummer and Melanie Laurent that is also premiering at the 2010 Toronto International Film Festival. Olympus recently wrapped production, alongside Likely-Story, on The Oranges, a comedy directed by Julian Farino, written by Jay Reiss & Ian Helfer, starring Hugh Laurie, Catherine Keener, Leighton Meester, Oliver Platt, Allison Janney, Adam Brody, and Alia Shawkat. The company is currently developing a film with Hwy61, inspired by the life of Sal Masekela, Peony, an adaptation of Pearl S. Buck's novel, Wendy and the Lost Boys, with Michael Hoffman by Jon Robin Baitz, and Spin with Rob Morrow, adapted from the book by Robert Charles Wilson.
Olympus Pictures is affiliated with Olympus Theatricals, LLC, an independent commercial theater production company. Both companies are subsidiaries of Olympus Productions, LLC which is owned by Olympus Holdings, LLC, an independent firm engaged through its various subsidiaries and affiliates in energy, commercial finance, and entertainment.
<<
ABOUT BLOSSOM FILMS
>>
Blossom Films, a Los Angeles-based film production company founded by Nicole Kidman and run by Per Saari, is dedicated to supporting and nurturing the artistic visions of screenwriters and filmmakers. Blossom encourages creative risk-taking while seeking out entertaining stories that have strong points of view and meaningful things to say about the world.
In addition to Rabbit Hole, Blossom developed and produced Tom Bezucha's Monte Carlo for Twentieth Century Fox. Kidman and Saari are also developing Simon Kinberg's The Eighth Wonder and a remake of How to Marry a Millionaire for Fox, Lasse Halstrom's Danish Girl, an adaptation of the best-seller Little Bee for BBC Films in conjunction with Pretty Pictures, and a biography of singer Dusty Springfield, The Look of Love, currently being written by Hours author Michael Cunningham.
<<
ABOUT ODD LOT ENTERTAINMENT
>>
Founded in 2001 by Gigi Pritzker, producer of The Wedding Planner, Green Street Hooligans and Mean Creek, Odd Lot Entertainment is a Los Angeles-based company that develops, finances, produces, and arranges distribution for commercial film properties in the $5-$60 million range, both in the domestic and international markets. On its upcoming slate is Marc Platt's Drive, now in pre-production and which starts filming in September 2010, starring Ryan Gosling and Carey Mulligan, and directed by Nicolas Winding Refn, and From Prada to Nada, to be released theatrically by Lionsgate in early 2011, starring Camilla Belle, Alexa Vega and Adriana Barraza. For more information, visit www.oddlotent.com
<<
>>
For further information, contact:
<<
Stacey Mooradian
310-255-4951
smooradian@lionsgate.com
>>
For corporate inquiries, please contact:
<<
Peter D. Wilkes
310-255-3726
pwilkes@lionsgate.com
>>
SOURCE: Lionsgate
Stacey Mooradian, +1-310-255-4951, smooradian@lionsgate.com, or Peter D. Wilkes,
+1-310-255-3726, pwilkes@lionsgate.com, both of Lionsgate Web Site:
http://www.lionsgate.com http://www.oddlotent.com
Stock price fluctuates but slowly edges upward as Carl Icahn continues to press for control of the company.
Company Information
Lions Gate Entertainment Corp. (Lionsgate) is the studio with a diversified presence in the production and distribution of motion pictures, television programming, home entertainment, family entertainment, video-on-demand and digitally delivered content. During the fiscal year ended March 31, 2010 (fiscal 2010), Lionsgate released 10 motion pictures theatrically due, in part, to the marketplace. Additionally, it has delivered approximately 75 hours of television programming, primarily prime time television series for the cable and broadcast networks.
Source: Scottrade
I am surprised that there has not been any activity, considering the extent of Icahn's interest in Lionsgate.
Recent News
BlackRock is Among the Companies in the Asset Management & Custody Bank Industry With the Best Relative Performance (BLK, MCGC, BX, STT, IVZ)
Thursday 09/16/2010 5:04 AM ET - Comtex Smartrend(r)
Related Companies
Symbol Last %Chg
BLK 161.70 -1.94%
BX 10.69 -0.74%
MCGC 5.76 -3.19%
As of 1:55 PM ET 9/16/10
Below are the top five companies in the Asset Management & Custody Bank industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.
BlackRock (NYSE:BLK) ranks first with a gain of 3.35%; MCG Capital (NASDAQ:MCGC) ranks second with a gain of 2.06%; and Blackstone (NYSE:BX) ranks third with a gain of 1.99%.
State Street (NYSE:STT) follows with a gain of 1.62% and Invesco (NYSE:IVZ) rounds out the top five with a gain of 1.46%.
SmarTrend is bullish on shares of BLK and our subscribers were alerted to Buy on September 03, 2010 at $150.84. The stock has risen 9.3% since the alert was issued.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup
Recent News
Concerned by Changes to the Tax Rules on Income Trusts? BlackRock Canada has a Solution: The New iShares(R) Diversified Monthly Income Fund
90 minutes ago - Marketwire
Related Companies
Symbol Last %Chg
BLK 161.80 -1.88%
ISHAF 11.20 0.00%
As of 10:40 AM ET 8/9/10
BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc., today announced that the iShares Exchange-Traded Funds (ETFs) business, the world's largest provider of ETFs, can now provide investors looking for a consistent monthly income stream, along with full liquidity and the potential for modest long-term capital growth with an appealing-and tax-friendlier-option: the iShares Diversified Monthly Income Fund, trading on the TSX under the symbol XTR (TSX: XTR).
Managed by BlackRock Canada, XTR offers all the benefits that investors have come to expect from iShares ETFs, including reasonable management fees, full intra-day tradability, and the power of the iShares ETFs' unique and trusted product engineering.
XTR replaces the former iShares S&P(R)/TSX(R) Income Trust Fund, which traded under the same symbol. The conversion, approved by a special meeting of unitholders on August 23, 2010, is designed to provide maximum investor benefit in advance of changes to the federal tax regulations governing income trusts that will come into effect in January 2011.
"The goal here is to ensure investors continue to receive a reliable monthly income stream while still enjoying the benefits they've come to associate with iShares ETFs," said Oliver McMahon, director of product management for iShares ETFs at BlackRock Canada. "The new XTR is an income product that has the ETF's inherent advantages, including diversification, transparency, low costs, tax efficiency and the ability to use value-adding trading strategies, such as limit and stop orders."
The New iShares XTR Advantage
XTR will invest primarily (though not exclusively) in other Canadian iShares ETFs. It will offer a diversified portfolio of income-bearing asset classes including, but not limited to, dividend-paying common equities, fixed-income securities (such as corporate bonds and long-maturity vehicles) and property investments, such as real-estate investment trusts. In addition to other Canadian iShares ETFs, XTR may also hold other income-bearing investments directly and/or through the use of derivatives.
BlackRock Canada will maintain a strategic asset allocation policy for XTR that emphasizes income generation while maintaining the potential for modest long-term capital growth.
The initial target asset allocation is expected, in aggregate, to be composed of approximately 50% equities (mostly Canadian, although foreign holdings may be included for diversification) and approximately 50% fixed-income investment vehicles. XTR will rebalance its strategic asset allocation on a quarterly basis, but will do so more frequently if market conditions dictate.
The aim of XTR is to distribute net income regularly to investors in a way that maximizes benefit while minimizing the sting of the new tax rules.
How XTR Will Continue to Deliver
XTR has been specially designed to be transparent and offers a methodology that provides a consistent income stream through monthly nominal distributions, to be determined annually.
The strategy will distribute the fund's net income to the extent that the fund will not be liable for ordinary income tax on the earnings. Net capital gains will be distributed so that they, too, are not subject to ordinary income taxes.
Should XTR's net income and net realized capital gains in any year not be sufficient to fund pre-determined monthly distributions, the balance of the monthly payouts will constitute a return of capital to unitholders. Returns of capital are generally non-taxable to unitholders, but ultimately reduce the adjusted cost base of their units for tax purposes.
XTR has a management fee of 0.55%. There are balanced mutual funds in Canada with similar characteristics, but higher fees-and investors are well advised to compare the numbers. XTR's assets under management totalled $207.9 million as of August 16, 2010.
About BlackRock
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2010, BlackRock's AUM was $3.151 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares(R) (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions. Headquartered in New York City, as of June 30, 2010, the firm has approximately 8,500 employees in 24 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the company's website at www.blackrock.com.
About iShares ETFs
The iShares business is a global product leader in ETFs with over 410 funds globally across equities, fixed income and commodities, which trade on 16 exchanges worldwide. The iShares funds are bought and sold like common stocks on securities exchanges. The iShares funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell securities through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors.
Contacts:
Veritas Communications
Lisa An
416-955-4587 or 647-292-2478
an@veritascanada.com
SOURCE: BlackRock Asset Management Canada Limited (iShares)
mailto:an@veritascanada.com
Company Background
BlackRock, Inc. (BlackRock) is an investment management firm. As of December 31, 2009, the Company had 3.346 trillion of assets under management (AUM). It offers an array of equity, fixed income, multi-asset class, alternative investment and cash management products, as well as its BlackRock Solutions investment systems, risk management and advisory services. It offers its investment products directly and through intermediaries in a variety of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds1 (ETFs), collective investment trusts and separate accounts. Its clients include taxable, tax-exempt and official institutions, high net worth individuals and retail investors. BlackRock offers a spectrum of investment management and risk management products and services. Investment management offerings include single- and multi-asset class portfolios. On December 1, 2009, BlackRock acquired Barclays Global Investors from Barclays Bank PLC.
Soure: Scottrade
Where has the traffic on this board gone?
Contact Information
easyJet Plc
Hanger 89
London Luton Airport
Luton
Bedfordshire LU2 9PF
United Kingdom
http://www.easyJet.com
Phone: +44-1582-525967
Fax: +44-1582-443355
E-mail: investor.relations@easyJet.com
Source: www.pinksheets.com
Company Information
The principal activity of the company and its subsidiaries is the provision of a low cost airline service with care and convenience on short-haul and medium-haul point to point routes principally throughout Europe utilizing Europe's No. 1 air transport network.
Source: www.pinksheets.com
Interim Management Statement
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=34399
Company Background
Capital Properties Inc., through its wholly owned subsidiaries, Tri-State Displays, Inc., Capital Terminal Company and Dunellen, LLC, operates in two segments: leasing and petroleum storage. The leasing segment consists of the long-term leasing of certain of its real estate interests in downtown Providence, Rhode Island, the leasing of a portion of its building (Steeple Street Building) under short-term leasing arrangements and the leasing of locations along interstate and primary highways in Rhode Island and Massachusetts to Lamar Outdoor Advertising, LLC (Lamar), which has constructed outdoor advertising boards thereon. The petroleum storage segment consists of the operating of the petroleum storage terminal (the Terminal) and the Wilkesbarre Pier (the Pier), located in East Providence, Rhode Island, for Global Companies, LLC (Global) which stores and distributes petroleum distillates.
Source: Scottrade
News - Amerigo Q2 2010 Copper Production Up 34%
https://www.otciq.com/otciq/ajax/showFinancialReportById?id=34038
News - Amerigo Announces Q2-2010 Financial Results
https://www.otciq.com/otciq/ajax/showFinancialReportById?id=35092
News
Fundamental Research Corp Issues Update on Amerigo Resources Ltd. (TSX: ARG)
Sep 07, 2010 (ACCESSWIRE via COMTEX) -- Amerigo Resources Ltd. (TSX: ARG) - Q2 in line with expectations; Highlights of the July 2010 site visit
Fundamental Research Corp has issued an update on Amerigo Resources Ltd. (TSX: ARG) in a report entitled "Q2 in line with expectations; Highlights of the July 2010 site visit" and dated August 27, 2010. The full report is now at www.researchfrc.com.
Selected Uranium Explorers - Monthly Report August 2010
Fundamental Research Corp has released a report entitled "Selected Uranium Explorers - Monthly Report". This report will be updated monthly and includes data on Advanced Stage Uranium Explorers and Early Stage Uranium Explorers. For our universe of companies included in the report, the average advanced stage Uranium explorer is trading at $4.34/lbs using measured and indicated reserves. The full report is available at www.researchfrc.com.
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