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November 8, 2012
18:50 EDTNNINelnet declares special dividend of $1 per share
Nelnet's board declared a cash dividend on the company's outstanding shares of Class A and Class B common stock of $1.10 per share. The dividend consists of a regular quarterly dividend of 10c per share, and a special cash dividend of $1 per share. Both dividends will be paid on November 27 to shareholders of record at the close of business on November 19.
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November 10, 2014
09:09 EDTNNIFirst Marblehead, Firstmark Services form strategic partnership
The First Marblehead Corporation (FMD) and Firstmark Services, a Nelnet (NNI) company, have formed a strategic partnership pursuant to which Firstmark Services will provide certain private student loan origination services for the Monogram-based loan programs offered by First Marblehead's lender clients. First Marblehead will continue to perform all of the quantitative and analytical related activities for all of the Monogram-based loan programs, such as product design, credit decisioning, pricing and portfolio management functions. Firstmark Services will perform application intake, call center services, the majority of loan processing services and certain program support functions. Daniel Meyers, First Marblehead's Chairman and CEO, said, "[We] believe that this will make our operating budget materially more efficient, shifting costs from fixed to variable, and in the first full operating year we expect that our overall financial results will improve by $3M-4M dollars." First Marblehead expects that the transition of loan processing functions to Firstmark Services will be completed during the third quarter of fiscal 2015.
November 6, 2014
17:12 EDTNNINelnet reports Q3 EPS ex-items $1.45, consensus $1.48
The company said, "Historically low interest rates continue to provide the opportunity for the company to generate substantial near-term value and cash flow from its student loan portfolio."

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