Crexus Investment Corp. (NYSE:CXS) declared the fourth quarter 2010 common stock cash dividend of $0.22 per common share. This dividend is payable January 27, 2011 to common shareholders of record on December 28, 2010. The ex-dividend date is December 23, 2010. CreXus distributes dividends based on its current estimate of taxable earnings per common share, not GAAP earnings. Taxable and GAAP earnings will typically differ due to items such as differences in premium amortization and discount accretion, non-taxable unrealized and realized gains and losses, credit loss recognition, and non-deductible general and administrative expenses.
CreXus Investment Corporation operates as a specialty finance company in the United States. It acquires, manages, and finances commercial mortgage loans and commercial real estate debt, commercial mortgage-backed securities, and other commercial real estate-related assets.
Darling International Inc. (NYSE:DAR) a leading provider of rendering, recycling and recovery solutions to the nation's food industry, announced this month that it has completed its merger with Griffin Industries, one of the largest independent, privately owned rendering, bakery by-product and used cooking oil recycling companies in North America headquartered in Cold Spring, Kentucky. The transaction is valued at approximately $840 million in cash and stock, subject to certain purchase price adjustments. The purchase price consisted of $740 million in cash and 9,998,017 shares of Darling common stock, which approximates 12.1 percent of Darling's outstanding common shares on a fully diluted basis.
Darling International Inc. provides rendering, recycling, and recovery solutions to the food industry worldwide. It operates in two segments, Rendering and Restaurant Services. The Rendering segment engages in collecting and processing animal by-products and converting these into useable oils and proteins utilized by the agricultural, leather, and oleo-chemical industries.
Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Equity Holdings Inc. announced recently that its subsidiary company, Crown Tele Services Inc. (http://www.crownteleservices.com) is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions next year.
The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communication solutions specifically designed to meet the market needs.
Commenting on the venture, Kenneth Bosket, president said, "We are still excited with this opportunity to expand our footprint in this valuable market. The demand for internet-based voice and video services is growing exponentially and our new subsidiary Crown Tele Services Inc. has launched its new website and intends to emerge as a service provider of choice."
According to ABI Research, the latest global business VoIP services forecasts show that the value of the overall market, which includes VoIP integrated access, SIP trunking, hosted IP-PBX/IP Centrex and managed IP-PBX services, is set to double over the next five years, to exceed $20 billion by 2015.
Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing and Web sites, which bring together targeted audiences and advertisers that want to reach them. CRWE offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
CRWE announced in June of this year its 1- 10 forward stock split, as well as in August announcing that CRWE had surpassed One Million dollars (1,000,000) in sales.
To learn more about CRWE visit: http://www.crownequityholdings.com
Madison Strategic Sector Premium Fund (NYSE:MSP) declared its quarterly dividend of $0.26/share payable December 31, 2010 to shareholders of record on December 17, 2010. The ex-dividend date was December 15, 2010. If it is determined that a notification is required pursuant to Section 19(a) of the Investment Company Act of 1940, as amended, such notice will be posted to the Fund's website after the close of business three business days prior to the payable date. If a distribution rate is largely comprised of sources other than income, it may not be reflective of the Fund's performance.
Madison Strategic Sector Premium Fund is a close ended equity mutual fund launched by Madison Investment Advisors, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of United States. It typically invests in companies in technology, financial institutions, medical and pharmaceutical, and consumer and retail sectors.
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