NEW YORK, October 4, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting American International Group, Inc. (NYSE: AIG), The Hanover Insurance Group Inc. (NYSE: THG), Apollo Global Management, LLC (NYSE: APO), CommonWealth REIT (NYSE: CWH), and Cathay General Bancorp (NASDAQ: CATY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
American International Group, Inc. Research Report
On October 1, 2013, American International Group, Inc. (AIG) announced that it will report its financial results for Q3 2013 on October 31, 2013, after the market closes. According to the Company, it will also host a conference call on November 1, 2013, at 8:00 a.m. to review results. Â AIG informed that the call can be accessed via a live, listen-only webcast at the Company's website, while its replay will be available after the call at the same location. The Full Research Report on American International Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9065_AIG]
The Hanover Insurance Group Inc. Research Report
On October 1, 2013, The Hanover Insurance Group Inc. (The Hanover) announced that it will release its Q3 2013 financial results on October 30, 2013, after the market closes. The Hanover informed that it will webcast the discussion of its results on October 31, 2013, at 10:00 a.m. ET via the Company's website. The Full Research Report on The Hanover Insurance Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/50c1_THG]
Apollo Global Management, LLC Research Report
On September 23, 2013, Apollo Global Management, LLC (Apollo) announced that the funds affiliated with the Company has entered into a joint venture agreement with Rickmers Group to invest in container ships, with an initial focus on secondary market vessels. According to Apollo, the joint venture has the capacity to invest up to $500 million, and investments are expected to be made over a period of several years. Commenting on the release, Fred Khedouri, Chief Investment Officer of Apollo's EPF Fund said, "This investment builds on Apollo's previous maritime investments in the debt capital markets and private equity and demonstrates Apollo EPF's continued commitment to providing creative capital solutions to a variety of European industries and asset classes." Skardon Baker, Partner of Apollo European Principal Finance Fund, added , "The Rickmers Group is a recognized leader in the German shipping community, and it has the scale, operating strength and industry knowledge to take advantage of growth opportunities at this challenging inflection point for the shipping industry." The Full Research Report on Apollo Global Management, LLC - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0099_APO]
CommonWealth REIT Research Report
On October 1, 2013, CommonWealth REIT (CWH) reported an update on its business plan to reposition its portfolio towards high quality office buildings located in central business districts, or CBDs, and away from suburban office and industrial properties. The Company informed that it has recently received an approval from its Board of Trustees to sell 110 non-core properties with approximately 8.4 million square feet, which it expects to be substantially completed by June 30, 2014. Commenting on the update, Adam Portnoy, Managing Trustee and President of CWH said, "CWH's success in reaching agreements to sell the 94 non-core properties listed for sale earlier this year, together with the substantially improved market to sell suburban and industrial properties, has encouraged our Board to accelerate the sale of the remainder of CWH's non-core properties. When the 110 properties recently identified for sale are sold, the portfolio repositioning that the Company began several years ago will be substantially completed." The Full Research Report on CommonWealth REIT - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: Â [http://www.analystscorner.com/r/full_research_report/629d_CWH]
Cathay General Bancorp Research Report
On September 30, 2013, Cathay General Bancorp announced that it has redeemed all 129,000 remaining shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series B that were issued under the U.S. Treasury's TARP Capital Purchase Program, for $129 million, plus accrued and unpaid dividends. The Company informed that the shares of Series B Preferred Stock were redeemed at their stated liquidation preference of $1,000 per share, plus accrued and unpaid dividends. According to Dunson K. Cheng, Chairman of the Board, President, and CEO of the Company, "This redemption marks a key milestone in our progress. We have now completed repayment of our TARP obligation, which provided us with extra capital as protection against the impact of the economic downturn. We are very pleased that our retained earnings and liquidity have enabled us to complete this repayment, which continues to demonstrate our financial strength." The Full Research Report on Cathay General Bancorp - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7b90_CATY]
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