Most Active Stocks Alert: Rexford Industrial Realty Inc (REXR), Citigroup Inc (C)


Rexford Industrial Realty Inc (NYSE:REXR)

Stock’s Trading Stats:

Rexford Industrial Realty Inc (NYSE:REXR) is trading up with a percentage change of 1.00% and is at $18.19 right now. The Company’s market capitalization stands at $1.02 Billion in the current trading Session whereas, its outstanding shares are 55.66 Million.

Recent Press Release:

Rexford Industrial Realty Inc (REXR) on April 11, 2016 declared the pricing of an underwritten public offering of 9,000,000 shares of its common stock at a public offering price of $17.65 per share, for net proceeds of about $152,246,000 after deducting the underwriting discount and estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of its common stock. Settlement of the offering is subject to customary closing conditions and is predictable to occur on April 15, 2016.

The Company intends to contribute the net proceeds from the offering to its operating partnership, which intends to use the net proceeds from the offering to repay amounts outstanding under its unsecured revolving credit facility, fund potential acquisition opportunities, counting the formerly declared pending acquisition of a private REIT, for general corporate purposes, or a combination of the foregoing.

BofA Merrill Lynch, Citigroup, Wells Fargo Securities, J.P. Morgan and Jefferies are acting as joint book-runners of this offering.

Citigroup Inc (NYSE:C)

Stock’s Trading Stats:

Citigroup Inc (NYSE:C) is surging 1.53% percent and is at $41.75 in the Real-Time trading session. The stock’s market capitalization stands at $124.77 Billion with outstanding shares of 2.94 Billion.

Recent Press Release:

Citigroup Inc (C) declared on April 8, 2016 it was recognized as an industry Leader in Structured Products at the annual mtn-i Americas Structured Note Showcase and Awards Gala in Miami. The Bank received top honors in two categories: U.S. Shareholder Solutions and House of the Year.

The award for U.S. Shareholder Solutions was given to Citi for its successful Citi Market Strategy (CMS) Floating-Rate Note Series. In a rising rate environment, Citi spotted the market opportunity for CMS floaters and made a big push throughout 2015.

The bank was also named House of the Year for its Latin America Structured Products. Citi’s structured funds platform facilitates shareholders in Brazil to keep their assets in the country, in local currency, while accessing international markets. This offering resulted in Citi being ranked #1 in structured funds for Brazil in 2015. In Mexico, Citi maintains an onshore issuance platform for warrants, certificates of deposit and banking bonds serving high-net worth and broad retail shareholders. For high-net worth shareholders in Mexico, Citi also accomplished one of the industry’s leading warrants transactions in 2015.