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Stock Market & Financial Investment News

News Breaks
May 13, 2014
08:14 EDTFDUS, PLDFidus Investment appoints Shelby Sherard as CFO
Fidus Investment (FDUS) announced that it has appointed Shelby E. Sherard as CFO and secretary, effective June 2. Sherard replaces Cary L. Schaefer, who will remain the company's Chief Compliance Officer in addition to assuming a senior investment professional role. Sherard most recently was a financial executive at Prologis (PLD).
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September 2, 2014
09:06 EDTPLDPrologis announces PELP acquired portfolio of facilities and land in Barcelona
Prologis announced that Prologis European Logistics Partners Sarl, or PELP, has acquired a portfolio of more than 1.6M square feet of high-quality logistics facilities and development land in Madrid and Barcelona from SABA Parques Logisticos. PELP is a 50-50 joint venture between Prologis and Norges Bank Investment Management.
August 26, 2014
05:35 EDTPLDPrologis announces Nippon Prologis REIT issuance of new investment units
Prologis announced that Japanese real estate investment trust Nippon Prologis REIT, or NPR, will issue new investment units. Prologis will retain its 15% ownership interest in NPR. NPR intends to use the net proceeds from the issuance, estimated at $374M, for the repayment of the bridge loans used to acquire five Class-A properties for approximately $448M. The properties will be acquired from Prologis' wholly owned Japan portfolio. The assets, totaling approximately 2.4M square feet, were offered to NPR through its sponsor support agreement with Prologis. The acquisition is expected to close September 1 in Japan. NPR is managed by a wholly owned subsidiary of Prologis.
August 22, 2014
06:28 EDTFDUSFidus Investment enters $50M equity distribution agreement
Fidus Investment has entered into a $50M equity distribution agreement with Raymond James and Robert W. Baird acting as sales agents.

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