Vornado Realty Trust (NYSE:VNO) (“Vornado”) announced today that its
Board of Trustees approved the spin-off of its subsidiary, Urban Edge
Properties (“UE”), by way of a distribution of all of UE’s outstanding
common shares to Vornado’s common shareholders and to the holders of
common limited partnership units of Vornado Realty L.P. (“VRLP”).
Following the distribution, UE will be an independent, publicly-traded
company listed on the New York Stock Exchange (the “NYSE”) under the
symbol “UE”. Vornado common shares will continue to trade on the NYSE
under the ticker symbol “VNO”.
The distribution of UE common shares is expected to occur on January 15,
2015 (the “Distribution Date”). Vornado will distribute all of its UE
common shares by way of a pro rata special distribution to Vornado
Sign-up for EQUITY ALERT: Rosen Law Firm Announces Filing of Class Action on Behalf of Cole Real Estate Investments Shareholders Who Exchanged Their Shares for American Realty Capital Properties, Inc. Stock -- ARCP - COLE investment picks
Nuveen Investments, a leading global provider of investment services to
institutions as well as individual investors, today announced that
Nuveen California AMT-Free Municipal Income Fund (NYSE: NKX ) has
filed with the Securities and Exchange Commission notice of intention to
redeem all of its outstanding MuniFund Term Preferred (MTP) shares.
Arrowhead Research Corporation (NASDAQ: ARWR), a biopharmaceutical
company developing targeted RNAi therapeutics, today announced financial
results for its fiscal 2014 fourth quarter and year ended September 30,
Increased total daily production to 73.5 MBoe/d, up 44 percent versus 2013 and 20 percent quarter-over-quarter
Increased Permian daily production to 8.2 MBoe/d, up 82 percent quarter-over-quarter
Successfully completed seven Delaware Basin horizontal wells
Announces 2014 fourth quarter capital, volume and expense guidance
2014 full-year capital guidance remains unchanged
2014 full-year production expected to be at the high end of prior guidance; updated range to 65 – 66 MBoe/d
Announces 2015 preliminary capital and production plans
Public University System (APUS) today announced that its
undergraduate programs have been named for the third consecutive year to
U.S. News & World Report’s annual
qualitative ranking of top online degree programs.
By Amy Harder
WASHINGTON--The Senate on Monday took its first steps toward approving the Keystone XL pipeline, starting a debate that is expected to be Capitol Hill's most extensive consideration of energy and climate-change policy in years.
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