AllianceBernstein Income Fund, Inc. (NYSE:ACG) (the “Fund”) today announced that prior to the end of 2013 it received written requests from persons purporting to own in excess of 10% of the Fund’s outstanding shares that the Fund submit a proposal to stockholders of the Fund to convert the Fund from a closed-end investment company to an open-end investment company. AllianceBernstein Income Fund Inc. (NYSE:ACG) stock opened at $7.37 in last session, and closed at $7.51, while the day range of stock is $7.37 – $7.51. The stock showed a positive weekly performance of 5.92%.
Roy Haywood and Andrew Coupe, former directors of Southwell Business Park and the Portland Spa Hotel, are forwarding their details to financial investigators who are investigating ‘unscrupulous’ practices by the Royal Bank of Scotland Group plc (ADR) (NYSE:RBS). Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) stock opened at $11.81, in last session and closed at $11.97, by gaining 0.08%. The 52 week range of the stock is $8.12 – $12.37. Company’s market capitalization is $67.16 billion.
Kimco Realty Corp. (NYSE:KIM) was downgraded by equities researchers at UBS AG from a “neutral” rating to a “sell” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. Kimco Realty Corp (NYSE:KIM) stock advanced 1.43% and finished the last session at $20.56. The EPS of the stock remained 0.36. Company’s market capitalization is $8.42 billion.
SWS Group Inc (NYSE:SWS), a Dallas-based financial services company, confirmed it had received an unsolicited acquisition proposal from Hilltop for all outstanding common stock for $7 a share. The transaction will be comprised of 50% cash and 50% Hilltop common stock. The offer puts shares at a 15.5% premium to Thursday’s close of $6.06 a share. Hilltop Holdings currently owns 24% of SWS’ common stock. SWS Group Inc (NYSE:SWS) stock opened the session at $7.20, and closed the session at $7.29. The 52 week range of the stock remained $5.19 – $7.49 and the day range was $7.20 – $7.49.