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Sector Update: Financial

Posted
9/20/2013 8:39:00 AM
By: MT Newswires
Referenced Stocks:AGNC;AGNCP;SNH

Financial shares mixed in today's pre-market session as investors absorb this week's Federal Reserve's actions, including avoiding an immediate taper to the bond-buying program.

In financial stocks news this morning, Senior Housing Properties Trust ( SNH ) has entered an agreement to sell 2 rehabilitation hospitals it owns to a joint venture comprised of affiliates of The Sanders Trust, LLC of Birmingham, AL and Harrison Street Real Estate Capital, LLC of Chicago, IL for $90 million.

SNH currently expects to realize a gain upon completion of this sale of over $30 million. SNH is flat at $23.64 in pre-market trade.

And, American Capital Agency Corp. ( AGNC ) is down 0.7% at $23.60 in pre-market trade as it declares a cash dividend on its 8.000% Series A Cumulative Redeemable Preferred Stock ( AGNCP ) of $0.50 per share for Q3 2013. The dividend is payable October 15, 2013, to preferred shareholders of record as of October 1, 2013, with an ex-dividend date of September 27, 2013.