Orlando, FL -- (SBWIRE) -- 10/16/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Yamana Gold Inc. (USA)(NYSE:AUY), Interpublic Group of Companies Inc(NYSE:IPG).
Yamana Gold Inc. (USA)(NYSE:AUY) shares gained 3.83% to $9.48. The company will release its third quarter 2013 results after market close on October 29, 2013 followed by a conference call and webcast on October 30, 2013 at 9:00 a.m. ET. The company is a gold producer, engaged in gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia.
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Interpublic Group of Companies Inc(NYSE:IPG) shares dropped 0.41% to $16.86. The company on Oct. 15 announced that it is exercising its option to force conversion of all outstanding shares of its 5 1/4% Series B Cumulative Convertible Perpetual Preferred Stock (the "Series B Preferred Stock") into common stock of the Company. The conversion will be effective October 17, 2013 (the "Forced Conversion Date"). The Company is acting pursuant to Section 5 of the Certificate of Designations governing its Series B Preferred Stock.
Dividends on the Series B Preferred Stock, in aggregate $2.9 million quarterly or $11.6 million annually, will cease to accumulate on the Forced Conversion Date. On the Forced Conversion Date holders of the Series B Preferred Stock will receive 77.8966 shares of common stock per share of Series B Preferred Stock.
Is IPG going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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