Workflow
Energy Infrastructure
icon
Search documents
Kayne Anderson Energy Infrastructure Fund Announces Appointment of New Independent Directors
Globenewswire· 2025-05-27 20:15
Core Viewpoint - Kayne Anderson Energy Infrastructure Fund, Inc. has appointed Holli C. Ladhani and Michael N. Mears as independent directors, restoring the Board to eight members, seven of whom are independent [1][6]. Group 1: Appointments and Board Composition - Holli C. Ladhani and Michael N. Mears have been appointed as independent directors effective immediately [1]. - The appointments follow the retirements of Anne K. Costin and Albert L. Richey earlier in the year [1]. - The Board now consists of eight members, with seven being independent [1]. Group 2: Holli C. Ladhani's Background - Holli C. Ladhani has extensive experience in the energy, chemicals, power, and infrastructure sectors [2]. - She previously served as President and CEO of Select Energy Services, Inc. and held various executive roles at Rockwater Energy Solutions and Dynegy Inc. [2][3]. - Ladhani is currently on the boards of Quanta Services, Inc., AmSpec, and the forthcoming Amrize spin-off from Holcim [3]. Group 3: Michael N. Mears' Background - Michael N. Mears is an accomplished executive in the energy infrastructure sector, having served as Chairman, President, and CEO of Magellan Midstream Partners, L.P. until April 2022 [4]. - He has held several senior leadership roles at Magellan since its formation in 2002 and began his career at Williams Pipeline Company [4]. - Mears currently serves on the boards of Devon Energy Corporation and Sempra, where he chairs the Corporate Governance Committee [5]. Group 4: Company Overview - Kayne Anderson Energy Infrastructure Fund, Inc. is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940 [7]. - The company's investment objective is to provide a high after-tax total return with an emphasis on cash distributions to stockholders, investing at least 80% of its total assets in securities of Energy Infrastructure Companies [7].
SEI Shareholders Have the Right to Lead the Solaris Energy Infrastructure, Inc. Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - SEI
Prnewswire· 2025-05-27 14:01
Core Viewpoint - A class action lawsuit has been filed against Solaris Energy Infrastructure, Inc. for alleged violations of federal securities laws related to misleading statements made during the acquisition of Mobile Energy Rentals LLC [1] Group 1: Lawsuit Details - The lawsuit claims that Solaris made false and misleading statements regarding the acquisition of Mobile Energy Rentals LLC, which lacked significant corporate experience in mobile turbine leasing [1] - It is alleged that Mobile Energy Rentals did not possess the diversified earnings stream that Solaris promoted to investors [1] - The co-owner of Mobile Energy Rentals is identified as a convicted felon facing fraud allegations in the energy sector, raising concerns about the integrity of the acquisition [1] - Solaris is accused of overstating the commercial prospects from the acquisition and improperly depreciating its turbines to inflate profitability [1]
2 Ultra-High-Yield Dividend Stocks to Skip, and 1 You Should Buy for Income
The Motley Fool· 2025-05-26 12:38
Core Insights - High-yield dividend stocks can provide attractive income but often come with higher risk profiles [1] - Enbridge is highlighted as a more reliable option for dividend income compared to Ford and UPS, which face uncertainties [2][11] Enbridge - Enbridge operates a diversified energy infrastructure platform with stable utility and pipeline operations, generating 98% of its cash flow from cost-of-service or contracted frameworks [4] - The company has maintained its annual financial guidance for 19 consecutive years, demonstrating resilience through economic downturns [4] - Enbridge pays out 60% to 70% of its stable cash flow in dividends and has a strong investment-grade balance sheet, allowing for significant annual investment capacity [5] - The company has a multibillion-dollar backlog of expansion projects and expects to grow cash flow per share at a rate of 3% to 5% annually, supporting continued dividend increases [5] Ford - Ford has a history of inconsistent dividend payments, having suspended its dividend twice in the past due to adverse market conditions [7] - The company aims to return 40% to 50% of its adjusted free cash flow to investors, but its cash flow is projected to decline from $6.7 billion to between $3.5 billion and $4.5 billion this year [8] - Analysts predict that Ford may cut its dividend to $0.12 per share as early as the next quarter due to its uncertain financial outlook [9] UPS - UPS has a strong track record of maintaining or increasing dividends since going public in 1999, emphasizing its commitment to dividend payments [10] - However, UPS's free cash flow has decreased from $2.3 billion to $1.5 billion year-over-year, raising concerns about its ability to sustain its nearly $1.4 billion dividend outlay [10] - The loss of business with Amazon to FedEx has further pressured UPS's margins and earnings growth, making it a riskier option for income-focused investors [10]
SEI IMPORTANT DEADLINE: ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Solaris Energy Infrastructure, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important May 27 Deadline in Securities Class Action – SEI
GlobeNewswire News Room· 2025-05-25 19:26
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Solaris Energy Infrastructure, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on May 27, 2025 [1]. Group 1: Class Action Details - Investors who purchased Solaris Energy securities between July 9, 2024, and March 17, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The lead plaintiff must file a motion with the Court by May 27, 2025, to represent other class members in the litigation [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked in the top 4 for securities class action settlements since 2013 and recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that Solaris Energy made false and misleading statements regarding Mobile Energy Rentals LLC, including its lack of corporate history and diversified earnings [5]. - It is claimed that Solaris Energy overstated the commercial prospects of the MER acquisition and inflated profitability metrics by failing to properly depreciate its turbines [5]. - The misleading statements led to investor damages when the true details were revealed [5].
SEI Deadline: SEI Investors with Losses in Excess of $100K Have Opportunity to Lead Solaris Energy Infrastructure, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-05-23 22:42
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Solaris Energy Infrastructure, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on May 27, 2025 [1]. Group 1: Class Action Details - Investors who purchased Solaris Energy securities between July 9, 2024, and March 17, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The lead plaintiff must file a motion with the Court by May 27, 2025, to represent other class members in the litigation [3]. Group 2: Case Allegations - The lawsuit alleges that Solaris Energy made false and misleading statements regarding Mobile Energy Rentals LLC (MER), including its lack of corporate history in mobile turbine leasing and its non-diversified earnings stream [5]. - It is claimed that MER's co-owner has a criminal background associated with turbine-related fraud, which was not disclosed, leading to an overstatement of the commercial prospects from the MER acquisition [5]. - The lawsuit also asserts that Solaris Energy inflated profitability metrics by failing to properly depreciate its turbines, resulting in materially misleading statements about its business and operations [5].
SEI DEADLINE: ROSEN, LEADING INVESTOR COUNSEL, Encourages Solaris Energy Infrastructure, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important May 27 Deadline in Securities Class Action – SEI
GlobeNewswire News Room· 2025-05-22 20:09
Group 1 - The Rosen Law Firm is reminding purchasers of Solaris Energy Infrastructure, Inc. securities of the lead plaintiff deadline on May 27, 2025, for a class action lawsuit [1] - Investors who purchased Solaris Energy securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the deadline [3] Group 2 - The lawsuit alleges that Solaris Energy made false and misleading statements regarding its acquisition of Mobile Energy Rentals LLC, including the lack of corporate history and diversified earnings [5] - It is claimed that Solaris Energy inflated profitability metrics and overstated the commercial prospects of the MER acquisition, leading to materially misleading statements about its business and operations [5] - The lawsuit asserts that when the true details were revealed, investors suffered damages as a result of these misleading statements [5] Group 3 - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4] - The firm has recovered hundreds of millions of dollars for investors and was ranked No. 1 for securities class action settlements in 2017 [4] - Founding partner Laurence Rosen has been recognized as a leading figure in the plaintiffs' bar, further establishing the firm's credibility [4]
5 Top Dividend Stocks Yielding Over 5% to Buy for Passive Income
The Motley Fool· 2025-05-21 08:42
Core Viewpoint - Investing in dividend stocks provides a significant opportunity for generating passive income, with several companies currently offering yields above 5%, substantially higher than the S&P 500's sub-1.5% yield [1] Group 1: Alexandria Real Estate Equities - Alexandria Real Estate Equities focuses on life science properties and has a current dividend yield exceeding 7% [3] - The company allocates 57% of its funds from operations to dividends and has achieved a 4.5% annual dividend growth since the end of 2020 [3] Group 2: Clearway Energy - Clearway Energy owns clean energy generation assets and currently offers a dividend yield of nearly 6% [4] - The company aims to distribute 70% to 80% of its stable cash flow as dividends and projects cash available for distribution to grow from $2.08 per share this year to over $2.60 per share by 2027 [5][6] Group 3: Enbridge - Enbridge is a leading North American pipeline and utility company with a current dividend yield of 6% [7] - The company pays out 60% to 70% of its steady cash flow in dividends and has plans for 3% to 5% annual growth in earnings and dividends, having increased its dividend for 30 consecutive years [8] Group 4: NNN REIT - NNN REIT focuses on income-generating freestanding net lease retail properties and currently has a dividend yield of around 5.5% [9] - The REIT expects to generate sufficient cash to cover its dividend with approximately $200 million to spare this year, having raised its dividend for 35 consecutive years [10] Group 5: Verizon - Verizon is one of the largest mobile and broadband companies in the U.S., with a dividend yield exceeding 6% [11] - The company generated $19.8 billion in free cash flow last year, covering its $11.2 billion dividend outlay, and plans to continue investing heavily in growth, including a $20 billion acquisition of Frontier Communications [12] Group 6: Common Features of Dividend Stocks - The highlighted dividend stocks share characteristics of generating stable cash flow, which supports high-yielding dividends while allowing for business growth and routine dividend increases [13]
Solaris Energy Infrastructure, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before May 27, 2025 to Discuss Your Rights - SEI
Prnewswire· 2025-05-20 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Solaris Energy Infrastructure, Inc. due to alleged securities fraud affecting investors between July 9, 2024, and March 17, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Solaris Energy Infrastructure, Inc. made false statements and concealed critical information regarding its acquisition of Mobile Energy Rentals LLC (MER), including MER's lack of corporate history in mobile turbine leasing and its non-diversified earnings stream [3]. - It is alleged that MER's co-owner has a criminal background associated with turbine-related fraud, which misled investors about the commercial prospects of the acquisition [3]. - The complaint also states that Solaris inflated its profitability metrics by failing to properly depreciate its turbines, leading to materially misleading statements about the company's business and operations [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating a no-cost participation model [4]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [5].
Solaris Energy Infrastructure, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before May 27, 2025 to Discuss Your Rights – SEI
GlobeNewswire News Room· 2025-05-19 17:29
NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Solaris Energy Infrastructure, Inc. ("Solaris Energy Infrastructure, Inc." or the "Company") (NYSE: SEI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Solaris Energy Infrastructure, Inc. investors who were adversely affected by alleged securities fraud between July 9, 2024 and March 17, 2025. Follow the link below to get more information and be contacted by a memb ...
TXNM Energy (TXNM) Earnings Call Presentation
2025-05-19 14:35
Transaction Overview - Blackstone Infrastructure 将以每股 61.25 美元的价格收购 TXNM Energy,总企业价值为 115 亿美元[10] - 该价格较未受影响的股价溢价 23%[10] - TXNM Energy 预计在交易完成前发行 8 亿美元的股权[10] Benefits and Commitments - TXNM Energy、PNM 和 TNMP 将保持本地管理和运营[10, 16, 17] - 总部将保留在新墨西哥州和德克萨斯州[10, 17] - 员工将被保留,工会合同将得到尊重[10, 16] - 现有管理团队将留任[10, 17] - 承诺保持 PNM 和 TNMP 的投资级信用评级[10] Financing Details - Blackstone Infrastructure 将通过购买 800 万股 TXNM 新发行的普通股投资 4 亿美元的股权[18] - 预计 TXNM Energy 在交易完成前额外发行 4 亿美元的股权[18] - 该交易以股权和现有债务承担提供资金,不会发行增量债务[18] Approval Process and Timeline - 预计在获得监管部门批准后,将于 2026 年下半年完成[19] - 预计在 60 天内发出委托书[21] - 需要股东批准[19, 21] - 需要获得多个监管机构的批准,包括 NMPRC、PUCT、FERC、司法部和核管理委员会[20, 21]