FORT WORTH, Texas -- RANGE RESOURCES CORPORATION (NYSE:RRC) today announced that, prior to year-end, it had reached an agreement with the holder of its 5.9% Convertible Preferred Stock to convert the preferred stock into common stock. Under the agreement, the $50 million of preferred stock was converted into 5.9 million...
NEW YORK -- In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") of Annaly Capital Management, Inc. ("Annaly"), the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the fourth quarter of $0.492188 per share...
BUFFALO GROVE, Ill. -- Akorn, Inc. (AMEX:AKN) today announced the conversion of all 241,122 shares of outstanding Series A 6.0% Participating Convertible Preferred Stock ("Series A Preferred Stock") into 36,796,755 shares of Akorn's common stock. No shares of Series A Preferred Stock remain outstanding. This conversion is automatic and does...
RESTON, Va. -- Nextel Communications, Inc. (NASDAQ:NXTL) announced that it has commenced a consent solicitation with respect to its outstanding Zero Coupon Convertible Preferred Stock Due 2013 Preferred Stock. In order to incent the conversion of the Preferred Stock into class A common stock of Nextel, consents are being solicited...
NEW YORK -- In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") of Annaly Capital Management, Inc. ("Annaly"), (NYSE: NLY) the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the first quarter of $0.492188...
NEW YORK -- In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") of Annaly Capital Management, Inc. ("Annaly"), the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the second quarter of $0.492188 per share...
NEW YORK -- In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") of Annaly Capital Management, Inc. ("Annaly"), the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the third quarter of $0.492188 per share...
NEW YORK -- In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") of Annaly Capital Management, Inc. ("Annaly"), the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the third quarter of $0.492188 per share...
CAMBRIDGE, Mass.--BW HealthWire--Feb. 5, 1999--Alkermes, Inc. (NASDAQ:ALKS) today announced that the Company's Board of Directors has declared a quarterly dividend in the amount of $0.8125 per share on its $3.25 Convertible Exchangeable Preferred Stock (the "Preferred Stock") in accordance with the terms thereof. The Company issued 2,300,000 shares of the...
STAMFORD, Conn. -- Hexcel Corporation (NYSE/PCX: HXL) announced that, at its request, the holders of its Series A Convertible Preferred Stock converted all preferred stock held by them into Hexcel common stock, effective today.
NEW YORK -- In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") of Annaly Capital Management, Inc. ("Annaly"), the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the fourth quarter of $0.492188 per share...
NEW YORK -- Fitch has assigned an 'A' rating to Alabama Power Company's (APC's) $150 million of new 5.625% preferred stock. APC may redeem the preferred stock, in whole or in part, on or after Jan. 1, 2012. Dividends on the preferred stock are not cumulative, and accordingly, if APC's...
ORLAND PARK, Ill. -- Andrew Corporation has announced its intention to exercise its right to cause the conversion of all the outstanding Series 7.75% Convertible Preferred Stock ("Preferred Stock") into shares of Andrew Common Stock ("Common Stock"). The company has 119,114 shares of Preferred Stock outstanding. The current conversion ratio...
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, declared the regular monthly cash dividends on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred Stock, Series B (the "Series B Preferred Stock")...
PHOENIX -- Viad Corp (NYSE:VVI) announced that its board of directors yesterday approved the redemption of all issued and outstanding shares of Viad Corp $4.75 Preferred Stock ("Preferred Stock") (NYSE:VVIPr, CUSIP 92552R307). This redemption is to be effected in accordance with the terms of the Preferred Stock. Each share of...
NEW YORK -- JPMorgan Chase & Co. (NYSE: JPM) today announced that it will redeem on December 31, 2004, all outstanding shares of the following series of its Adjustable Rate Cumulative Preferred Stock: Adjustable Rate Cumulative Preferred Stock, Series A, Adjustable Rate Cumulative Preferred Stock, Series L and Adjustable Rate...
REDMOND, Wash. -- Microvision, Inc. (NASDAQ:MVIS), a leader in light scanning technologies, today announced that the holder of the Company's preferred stock converted its $5 million preferred stock holding issued in September 2004 to common equity. As consideration for the conversion of the preferred stock, the company issued a total...
NEW YORK -- Fitch Ratings has assigned an 'A+' rating to the $3.5 billion issuance of preferred stock by Wachovia Corporation WB. The perpetual preferred stock will pay a dividend of 7.98% for 10 years and thereafter change to a floating interest rate. WB may redeem the preferred stock after...
Medis Technologies Ltd. (NASDAQ: MDTL) today announced that it has completed the offering and sale of $50.0 million of its 7 1/4% Series A Cumulative Convertible Perpetual Preferred Stock (the "Preferred Stock"), to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The annual...
From the executive summary: ‘When preferred stock is issued for a price less than its redemption price, the difference or the discount may be treated as a constructive dividend. Accordingly, the discount will have to be taken into account when computing the holder's taxable income over the term of the...
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