Headline News: Preferred Stocks

• HSBC Finance Corporation Declares Dividends for Holders of Series B . Preferred Stock (InfoBolsa)
  Preferred Stock 09/05/2008 20:04:00 Business Wire US5637711046 HSBC Finance Corporation announced today that its board of directors declared the regular quarterly cash dividend on the company s Series B preferred stock of $0.3975 per depositary share payable June 16, 2008, to shareholders of record on May 31, 2008.
  
• HSBC Finance Corporation Declares Dividends for Holders of Series B Preferred Stock (Centre Daily Times)
  HSBC Finance Corporation announced today that its board of directors declared the regular quarterly cash dividend on the company's Series B preferred stock of $0.3975 per depositary share payable June 16, 2008, to shareholders of record on May 31, 2008.
  
• The South Financial Group Successfully Completes Previously Announced Convertible Preferred Stock Offering; Declares ... (Centre Daily Times)
  The South Financial Group, Inc. (NASDAQ: TSFG) ("TSFG") completed its previously announced offering of 250,000 shares of mandatory convertible non-cumulative preferred stock with a purchase price and liquidation value of $1,000 per share. TSFG plans to use the net proceeds of approximately $239 million for general corporate purposes, including increasing its liquidity and overall capital ...
  
• HSBC Finance Corporation Declares Dividends for Holders of Series B Preferred Stock (Business Wire via Yahoo! Finance)
  METTAWA, Ill.----HSBC Finance Corporation announced today that its board of directors declared the regular quarterly cash dividend on the company's Series B preferred stock of $0.3975 per depositary share payable June 16, 2008, to shareholders of record on May 31, 2008.
  
• Updated Information Regarding Auction Preferred Securities Market Available on MFS Investment Management's Web Site (Centre Daily Times)
  MFS Investment Management(R) (MFS(R)) today announced the availability of information on the results of the weekly auctions for the week ending May 9, 2008, that determine the dividend rate payable on the auction rate preferred shares issued by the closed-end funds identified below. The data is posted online at www.mfs.com and can be accessed by clicking on "News & Commentary," then "News ...
  
• Duff & Phelps Utility and Corporate Bond Trust Inc. Board Authorizes Action on Preferred Stock (Centre Daily Times)
  The Boards of Directors of DNP Select Income Fund Inc. (DNP) and Duff & Phelps Utility and Corporate Bond Trust Inc. (DUC) approved a proposal by the Funds' investment adviser, Duff & Phelps Investment Management Co., to proceed with securing a syndicated bank loan facility to enable both Funds to redeem their outstanding preferred stock. The action taken today reflects the Boards' continued ...
  
• The South Financial Group Successfully Completes Previously Announced Convertible Preferred Stock Offering; Declares ... (Business Wire via Yahoo! Finance)
  GREENVILLE, S.C.----The South Financial Group, Inc. completed its previously announced offering of 250,000 shares of mandatory convertible non-cumulative preferred stock with a purchase price and liquidation value of $1,000 per share.
  
• Updated Information Regarding Auction Preferred Securities Market Available on MFS Investment Management's Web Site (Business Wire via Yahoo! Finance)
  BOSTON----MFS Investment Management® today announced the availability of information on the results of the weekly auctions for the week ending May 9, 2008, that determine the dividend rate payable on the auction rate preferred shares issued by the closed-end funds identified below.
  
• Beirut Stock Exchange mirrors political roller-coaster of past two weeks (The Daily Star Lebannon)
  Over the past two weeks, the Beirut Stock Exchange (BSE) underwent a significant amount of trading activity characterized by a one-week rally making an about face as political tensions flared. Optimism in the first week of rival political parties reaching an agreement on the election of a president drove the BLOM Stock Index (BSI) to a 52-week high of 1,691points.
  
• Duff & Phelps Utility and Corporate Bond Trust Inc. Board Authorizes Action on Preferred Stock (Business Wire via Yahoo! Finance)
  CHICAGO----The Boards of Directors of DNP Select Income Fund Inc. and Duff & Phelps Utility and Corporate Bond Trust Inc. approved a proposal by the Funds' investment adviser, Duff & Phelps Investment Management Co., to proceed with securing a syndicated bank loan facility to enable both Funds to redeem their outstanding preferred stock.