Tetragon Financial Group Limited (TFG) Announces Update on its Share Repurchase Program - Yahoo Finance
LONDON, May 18, 2012 /PRNewswire/ --
TFG today announces in furtherance of its share repurchase program announced on November 30, 2007, that for the period of May 14, 2012 through May 18, 2012 TFG purchased 115,511 of its shares for an average price of U.S. $7.60 per share.
About Tetragon:
Tetragon Financial Group Limited (TFG) is a Guernsey closed-ended investment company traded on Euronext Amsterdam by NYSE Euronext under the ticker symbol "TFG" that currently invests primarily through long-term funding vehicles such as collateralized loan obligations in selected securitized asset classes and aims to provide stable returns to investors across various credit, equity, interest rate and real estate cycles.
This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction.
The securities of TFG have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act"), as amended, and may not be offered or sold in the United States or to US persons unless they are registered under applicable law or exempt from registration.
TFG does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States.
In addition, TFG has not been and will not be registered under the US Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act.
TFG is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act as a collective investment scheme from a designated country.
For further information, please contact:
TFG:
David Wishnow/Yuko Thomas
Investor Relations
ir@tetragoninv.com
Press Inquiries:
Brunswick Group
Gill Ackers/Pip Green
+44-(0)20-7404-5959
tetragon@brunswickgroup.com
Resource stocks mirror global economy - Financial Times
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GLOBAL MARKETS-World stocks fall into negative territory for year - Reuters UK
* Euro zone crisis fears intensify flight to safety
* German 2-yr bond yield hits record low, close to zero
* U.S. stock market focus on Facebook debut
* Brent crude at lowest level in 2012 (Updates prices, adds details)
NEW YORK, May 18 (Reuters) - World stocks erased the year's gains o n F riday as investors fled risky investments for safe-haven assets on concerns about the euro zone's deepening debt woes, while U.S. stocks lost ground after the market debut of social network Facebook failed to lift optimism.
Brent crude briefly slipped below $107 per barrel to its lowest in 2012 as the euro zone crisis raised fears of a global slowdown that could dent oil demand, while German borrowing costs hit record lows.
World stocks, as measured by the MSCI index, dropped 1.1 percent and to a level below where they began the year, having given up all the first-quarter gains fueled by the European Central Bank's injection of more than 1 trillion euros. The index was on track for a sixth day of losses.
Riskier assets were all heading for big weekly losses.
Investors were unnerved by a ratings downgrade of 16 Spanish banks by Moody's Investors Service, which deepened worries about the euro zone contagion. U.S.-listed shares of Spain's Banco Santander, however, were up 3.1 percent at $5.73.
Spain's banks, saddled with bad loans after a property boom collapsed, may need a bailout that would strain Madrid's already stretched finances and possibly require an international bailout regardless of any contagion threat from Greece.
Ongoing political and financial turmoil in Greece has kept investors worried about its ability to remain in the euro zone.
In addition, a G8 meeting of leaders of major industrial economies takes place over the weekend, possibly making some investors wary of holding positions until Monday.
On Wall Street, the Dow Jones industrial average was down 65.35 points, or 0.53 percent, at 12,377.14. The Standard & Poor's 500 Index was down 8.91 points, or 0.68 percent, at 1,295.95. The Nasdaq Composite Index was down 19.50 points, or 0.69 percent, at 2,794.19.
U.S. stocks were higher in early trading, but lost ground after midday. Facebook's debut was hit with glitches. Initial trading was delayed, and the stock is struggling to hold above its $38 offering price. It traded as high as $45 and was last up 1.5 percent at $38.57.
The S&P has fallen 6.7 percent so far in May, and while volatility is expected to continue, some analysts were forecasting a near-term rebound as valuations become more attractive.
The FTSEurofirst 300 of leading European shares slid 1.1 percent, falling for a fifth day.
In the foreign exchange market, the euro rose from a four-month low against the dollar o n F riday as investors pared bets against the single currency after a 4 percent drop this month.
NYMEX crude for June delivery settled at $91.48 a barrel, falling $1.08, or 1.17 percent. For the week, it slid 4.84 percent. Brent crude was down 45 cents at $107.04 a barrel.
GERMAN BOND YIELDS HIT RECORD LOW
Benchmark 10-year German bond yields hit a record low of 1.396 percent and two-year yields also fell to their lowest-ever level at just 0.028 percent.
U.S. Treasury prices were lower. The benchmark 10-year U.S. Treasury note was down 7/32 in price, the yield at 1.71 percent. Gold prices rose more than 1 percent, with spot gold at $1,591.10 an ounce.
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