Redwood Trust Inc. (NYSE:RWT) announced tax information regarding its dividend distributions for 2010.Shareholders should check the tax statements they receive from brokerage firms to make sure the Redwood dividend distribution information reported in those statements conforms to the information reported here. Set forth in this press release are Redwood's expectations with respect to federal income tax. Shareholders should consult their tax advisors to determine the amount of taxes that should be paid on Redwood's dividend distributions for federal, state, and other income tax purposes.
Redwood Trust, Inc., a financial institution, together with its subsidiaries, invests in, finances, and manages residential and commercial real estate loans and securities. The company's real estate investments primarily include investments in residential and commercial loans and securities, an investment in a private fund that it sponsors, and investments in the company-sponsored securitization entities.
Orofino Gold Corp. (PINK:ORFG) is a China based Gold and Silver Exploration Company founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. A total of 165,000 tonnes of gold have been mined in human history, as of 2009. This is roughly equivalent to 5.3 billion troy ounces or, in terms of volume, about 8,500 m³, or a cube 20.4 m on a side. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry. It is known to all that the primary use of gold is associated to jewelry. About 78% of the gold consumed each year goes in the manufacture of different jewelry products.
The Senderos de Oro Project is comprised of more than 3000 hectares of Gold and other mineral concessions in the minera mining area of central Sur de Bolivar. The Project resembles the La Bodega and Vetas California Projects, currently being explored and developed by Canadian Exploration Company Ventana Gold, for which EBX recently extended an unsolicited tender offer of $1.3 Billion. Although primarily used as a store of value, gold has many modern industrial uses including dentistry and electronics. Gold has traditionally found use because of its good resistance to oxidative corrosion and excellent quality as a conductor of electricity.
American Video Teleconferencing Corp. (PINK:AVOT) is pleased to announce that American Video has signed an option agreement to acquire two claim blocks in townships of Mekinac and Lajuene, Province of Quebec. Québec also has tremendous mineral potential for other commodities, as illustrated by ore deposits at Mont Wright (iron) in Fermont, Lac Tio (iron and titanium) in Havre-Saint-Pierre, Niobec (niobium) in the Saguenay region, Stratmin (graphite) in Mont-Laurier, Jeffrey (chrysotile asbestos) in the Estrie region, and Raglan (nickel-copper) in Ungava. In 2004, large-scale projects such as Casa-Berardi to the west of Matagami and Foxtrot in the Monts Otish area generated substantial investments. These claim blocks are approximately 3600 acres in total and are located 120 miles east of Montreal P.Q. and 50 miles north of Three Rivers P.Q. They are accessible year round with infrastructure in the immediate vicinity.
The claims adjoin a property that had one of the highest readings of Rare Earths in North America. Sampling in the 1950s gave readings of 48% combined Cerium, Lanthanum, Neoymium and Yttrium. That property has remained dormant for over 50 years but the new owners plan an extensive exploration program this fall. American Video, after a lengthy search and after careful due diligence, believes this is going to be one of the most active areas for Rare Earths exploration and our holdings are in the same geological setting as the 48% Rare Earths showing.
Pampa Energia SA (NYSE:PAM) announced that it has accepted an offer to acquire, subject to the fulfillment of certain conditions precedent and to obtaining the relevant regulatory approvals, all of the shares issued by Enron Pipeline Company Argentina S.A. ("EPCA"), a company which owns 10% of the share capital of Compania de Inversiones de Energia S.A. ("CIESA"), which in turn owns 55.3% of the share capital of Transportadora de Gas del Sur S.A. ("TGS"). The total agreed price is US$ 29,000,000.
Pampa Energia S.A., an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. It has an installed generation capacity of approximately 2,000 megawatts.
AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) declared a monthly distribution of $0.10 per share of Common Stock, payable February 18, 2011 to shareholders of record at the close of business on February 4, 2011 and Ex-date February 2, 2011.
AllianceBernstein Global High Income Fund, Inc. is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in the fixed income markets across the globe. The fund invests in fixed income securities like sovereign debt obligations issued or guaranteed by foreign governments.
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