Archive for 'Stock market'

Basic Energy Services, Inc. (NYSE: BAS) (“Basic”) today announced the commencement of a secondary public offering of 9,000,000 shares of common stock owned by DLJ Merchant Banking Partners III, L.P. and affiliated funds (the “Selling Stockholders”).  The underwriters are expected to be granted a 30-day option to purchase up to 1,350,000 additional shares from the Selling Stockholders.

Basic will not receive any proceeds from the offering and the number of outstanding shares of Basic’s common stock will remain unchanged.  The offering will be made pursuant to an automatically effective shelf registration statement on Form S-3, which was filed with the Securities and Exchange Commission today.

Goldman, Sachs & Co., Jefferies & Company, Inc. and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering. A copy of the preliminary prospectus supplement and accompanying base prospectus relating to this offering may be obtained from:

  • Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282; (866) 471-2526; prospectus-ny@ny.email.gs.com;
  • Jefferies & Company, Inc., Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022; (888) 449-2342; prospectus_department@jefferies.com; or
  • Credit Suisse Securities (USA) LLC Prospectus Department, One Madison Avenue, Level 1B, New York, NY 10010; (800) 221-1037.

 

This press release does not constitute an offer to sell or a solicitation of any offer to buy any securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.  The offer is being made only through the prospectus supplement and accompanying base prospectus.

This press release contains forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events based on assumptions and estimations that management believes are reasonable given currently available information.  Forward-looking statements in this press release relate to, among other things, the pending offering.  Information on risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements is available in Basic’s filings with the Securities and Exchange Commission.

Contacts: Alan Krenek, Chief Financial Officer
Basic Energy Services, Inc.
432-620-5510
Jack Lascar/Sheila Stuewe
DRG&L / 713-529-6600

http://basicenergyservices.com

OTC Markets Group Inc. (OTCQX: OTCM) is pleased to announce the appointment of Wendy Fraulo to serve as the Company’s Chief Financial Officer effective July 25, 2011. Ms. Fraulo will oversee the financial operations of OTC Markets Group, the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks.

“We are excited to bring Wendy on board,” said R. Cromwell Coulson, President and CEO.  “Wendy’s strong accounting background and extensive experience analyzing complex financial systems make her a valuable asset to our team.  I look forward to working with Wendy as we continue to build better marketplaces for investors, create innovative solutions for our subscribers, and grow value for our shareholders.”

Ms. Fraulo comes to OTC Markets Group with 12 years of public accounting experience, the last 9 at Deloitte & Touche LLP where she most recently served as a Senior Manager in M&A Transaction Services.  Prior to her role in M&A, she was a Senior Manager in the Assurance practice, serving Deloitte’s technology, media and telecommunications clients.  Previously, Wendy spent three years in the Technology, Media and Telecommunications group at Arthur Andersen LLP.  Wendy is a graduate of Fairfield University and is qualified as a Certified Public Accountant in Massachusetts and New York.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks.  Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities.  In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange.  We categorize the wide spectrum of OTC-traded companies into three tiers – OTCQX® (the quality controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies) and OTC Pink™ (the speculative trading marketplace) – so investors can identify the level and quality of information companies provide.  To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
http://www.otcmarkets.com

Having the right mindset is crucial in any kind of undertaking. And market trading is just one of the many examples of career paths where having a clear and focus state of mind can make the difference between disaster and success. Market trading is a risky business and not knowing more about the ins and outs makes success even more difficult to attain. But with the right attitude you get ahead. But what are the right attitudes in trading the market?

One of the more important tips in market trading is to keep your emotions at bay. There’s no need to be emotional in a business where facts and numbers are all that matters. For example, you need not invest on stocks or trade stocks based on personal estimations. You based your decisions on known facts and calculated projections. You don’t decide because you hope the stocks will improve or you hope your investment will be a good one. Stick with the facts.

Some will disagree that instincts play a good deal in making calls in market trading. To a point it is indeed accurate. Nonetheless what will aid you in making the right calls are the instincts that you developed thru your time and experience in the market. But instincts alone won’t make you a great and successful trader .

If you’ve been experiencing a streak of good luck, it’d be a great thing to be taught how to slow down since it’s not actually a smart idea to keep counting on your instincts or good luck. You can become so full of your self that you started to expand and trade on higher payoffs. This naturally is an exceedingly commonplace mistake and I am letting you know now you need to avoid these types of calls. Organize and make your own set of trading rules to observe. This will permit you to step back if you find yourself in a pool of good luck and a lot of successes.

Also look or cook your own recipe for success. Sure, a sound financial and educational base is needed to make a big start. Learning from others is imperative but relying on them is a mistake. And eventually, you need to accept loss. Remember that the best traders learn to lose and learn a thoughts become actions, actions become habits and habits give you the results. lot when they loss. Trading pushes you to your limit and capabilities.

Being pushed hard, traders need to maintain focus. A focus mind comes only with a clear head. The best traders think like a winner. Thinking like a winner turns you into a winner. Identify the thoughts that you need to reinforce and focus on them constantly.

Even with pressures, you still need to go easy on yourself. There are traders who tend to be tough on themselves. A positive self-criticism is different from slapping your face too hard whenever you make mistakes. Learn from you mistakes and then let them go. Self-inflicted psychological damage is difficult to overcome, so it is best to avoid it totally.

Trading is a troublesome and significant business. But never be too harsh on yourself. Relax. The best traders still know how to smile, they even giggle on themselves. Having a good time and relaxing your mind also keep your consciousness clear and centered. Having the proper trading attitude can offer you immense results and at the exact same time have a great time while you earn your greenbacks. Definitely, you merit it.

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Zacks Investment Research: Free Trial. Buy the BEST stocks, Sell the Worst Stocks, Stock Screens and more!

PG&E Corporation (NYSE: PCG) is recommending that shareholders reject an unsolicited “mini-tender offer” by TRC Capital Corporation (TRC) to purchase less than 0.628 percent (up to 2.5 million shares) of the outstanding PG&E Corporation common stock at a below-market price of $40.25 per share. According to an advisory by the U.S. Securities and Exchange Commission (SEC): “‘Mini-tender’ offers – tender offers for less than five percent of a company’s stock – have been increasingly used to catch investors off guard. Many investors who hear about mini-tender offers surrender their securities without investigating the offer, assuming that the price offered includes the premium usually present in larger, traditional tender offers.” The SEC’s advisory is available at www.sec.gov/investor/pubs/minitend.htm.

As stated in TRC’s offer documentation, the offer price is 3.96 percent less than the closing price on the New York Stock Exchange (NYSE) on July 19, 2011, the day before the offer was made.  Mini-tender offers, such as this one by TRC, do not give investors the same level of protection afforded by tender offers for at least 5% of a company’s outstanding shares. For example, in making this offer, TRC is not required to file disclosure and other offer documents with the SEC or adhere to additional procedures mandated by U.S. securities laws.

PG&E Corporation does not endorse TRC’s unsolicited mini-tender offer and recommends that shareholders not tender their shares in response. PG&E Corporation is not associated with TRC, this mini-tender offer or the offer documentation.  PG&E Corporation urges investors to obtain current market quotes for their shares of common stock.

PG&E Corporation encourages stockbrokers and dealers as well as other market participants to review the SEC’s and the NYSE’s recommendations on mini-tender offers. These recommendations are available at www.sec.gov/divisions/marketreg/minitenders/sia072401.htm and in the Information Memo Number 01-27, issued by the NYSE on Sept. 28, 2001, which can be found under the “Regulation — NYSE — Rules & Interpretations — Information Memos” tab at www.nyse.com.

PG&E Corporation shareholders who have already tendered shares in the offer are advised that they may withdraw their shares as described in TRC’s offer documentation before the expiration of the offer, which is currently scheduled for 12:01 a.m., New York City time, on Thursday, August 18, 2011.

About PG&E Corporation

PG&E Corporation (NYSE: PCG) is a Fortune 200 energy-based holding company, headquartered in San Francisco. It is the parent company of Pacific Gas and Electric Company, California’s largest investor-owned utility. PG&E serves more than 15 million Californians throughout a 70,000 square-mile service area in northern and central California. For more information, visit the Web site at http://www.pgecorp.com.

http://www.pgecorp.com

Zacks Enters Long Term Partnership With WRDS

The Wharton School of the University of Pennsylvania and Zacks Investment Research, Inc. a leading provider of research, historical market data and workflow solutions announced today that Wharton Research Data Services (WRDS) will now carry the Zacks data on its platform. The select datasets consist of earnings, sales estimates and surprises, pre-announcements, analyst ratings, and target prices for all listed and non-listed issues. WRDS is the leading, comprehensive, internet-based data research service used by academic, government, and corporate firms.  The Zacks database will be hosted on the powerful WRDS Cloud, optimized to effectively meet research needs for the extraction and analysis of financial and economic data.

“Zacks is proud and honored to commence this long-term partnership with WRDS,” said Ausra Di Raimondo, EVP of Academic/Non-Profit data services at Zacks. “This type of data plays a critical role in in-depth academic equity trading research and corporate analytics and back-testing strategies. We are excited to be recognized by WRDS as a valuable data partner in fulfilling its mission to continue to be the leading business intelligence tool for a global research community.”

Robert Zarazowski, WRDS Senior Director, added, “”WRDS is delighted to announce this partnership with Zacks Investment Research. Their data enhances the depth and breadth of analyst databases available through WRDS, and allows us to complement our existing products to meet the needs of academic researchers and commercial clients. The value of Zacks data have been proven over the years, as research work using Zacks’ data have been published in both premier academic journals and widely circulated practitioner oriented publications.”

About WRDS

Wharton Research Data Services (WRDS) is the leading, comprehensive, internet-based data research service used by academic, government, non-profit institutions, and corporate firms. WRDS provides the user with one location to access over 200 terabytes of data across multiple disciplines including Finance, Marketing, and Economics. WRDS provides flexible data delivery options including a powerful web query method that reduces research time.  WRDS provides flexible data delivery options including a simple but powerful web query method, and provides Researchers with the ability to reduce their research time and execute strategy development on the powerful WRDS Cloud.  Developed in 1993 to support faculty research at The Wharton School of the University of Pennsylvania, WRDS has since evolved to become the standard tool for a global research community of 30,000 users at over 300 institutions in 27 countries. http://wrds.wharton.upenn.edu

About The Wharton School

The Wharton School of the University of Pennsylvania — founded in 1881 as the first collegiate business school — is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. The most comprehensive source of business knowledge in the world, Wharton bridges research and practice through its broad engagement with the global business community. The School has 5,000 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 annual participants in executive education programs; and an alumni network of 88,000 graduates.

About Zacks

Zacks Investment Research, based in Chicago, Ill., has been a leading provider of research, market data, and quantitative models to institutional investment management firms in the US and Canada for over 30 years. Recognized for quality, consistency and reliability, Zacks provides institutional and individual investors with the analytical tools and financial information necessary to the success of their investment process. Founded in 1978, Zacks’ early contribution to investment analysis was the discovery that earnings per share estimate revisions are the most powerful force affecting stock prices. This discovery is built into the Zacks Rank proprietary methodology for predicting stock price performance. The Zacks Rank has produced average annual returns in excess of 28% since 1988. The premier source of analysts’ earnings forecasts, today Zacks produces data feeds for estimates, ratings, earnings report data, fundamental data, and institutional holdings for US and Canadian traded equities, as well as investment research reports and research software tools for investors. For more Zacks expertise, look for Dr. Zacks “The Handbook of Equity Market Anomalies: Translating Market Inefficiencies into Effective Investment Strategies” which will be in bookstores on October 4th, 2011. To learn more about performance information, please go to http://www.zacks.com/performance/.

Wharton Research Data Services (WRDS) Contact:
Robin Gold – 877-438-9737, wrds@wharton.upenn.edu

Zacks Contact:
Ausra Di Raimondo – (312) 265-9214, adiraimondo@zacks.com

http://www.zacks.com

Walt Disney Company (NYSE: DIS) Gets Top Stock Pick

Walt Disney Company (NYSE: DIS) Gets Top Stock Pick-Image via CrunchBase

Walt Disney Company (NYSE: DIS) ($39) has been picked by Standard & Poor’s Equity Research as its Focus Stock of the Week.  DIS carries S&P’s highest investment recommendation of 5-STARS, or Strong Buy.

“Our investment opinion reflects expectations that the company will be a major beneficiary of a continued macroeconomic rebound, as well as improving business fundamentals across virtually all of its globally diversified core businesses,” said Tuna Amobi, Media & Entertainment Equity Analyst at Standard & Poor’s Equity Research.  “Over the years, we believe Disney has refined an innovative strategy, predicated on a virtuous cycle of content creation that has spawned a veritable stable of franchises such as Mickey Mouse, Disney Princess, Toy Story, Pirates of the Caribbean, Cars and others for repeatable exploitation across multiple platforms.”

Amobi believes that Disney has remained at the forefront of embracing newer digital outlets, while fomenting further shifts in traditional distribution windows through increased content exploitation across emerging platforms, and credits a strong management team led by CEO Robert Iger.  Also reflecting Disney’s strategic priorities, Amobi says concerted efforts are underway to leverage continued advancements in digital technology, and to sustain an expansion into higher-growth international territories across emerging markets such as China, India, Russia, and Latin America.

To view a video of Mr. Amobi discussing DIS, paste the following link into your browser.

http://link.delvenetworks.com/media/?mediaId=d8bf809373f54f58910c9d4e1f141f47&width=480&height=411&playerForm=DelvePlayer&autoplay=true

About Standard & Poor’s Equity Research Services

As one of the world’s largest producers of independent equity research, Standard & Poor’s licenses its research to global institutions for their investors and advisors.  Standard & Poor’s team of experienced U.S., European and Asian equity analysts use a fundamental, bottom-up approach to assess a global universe of equities across industries worldwide.  Follow Standard & Poor’s equity analysts’ U.S. market commentary each day at http://www.equityresearch.standardandpoors.com/.

Standard & Poor’s keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of Standard & Poor’s may have information that is not available to other Standard & Poor’s business units. Standard & Poor’s has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process. Standard & Poor’s does not trade for its own account.  The analytical and ethical conduct of Standard & Poor’s equity analysts is governed by the firm’s Research Objectivity Policy, a copy of which may be found at www.standardandpoors.com.

For more information contact:

Marc Eiger, Communications, Tel.: 212-438-1280
marc_eiger@standardandpoors.com

All information provided by Standard & Poor’s is impersonal and not tailored to the needs of any person, entity or group of persons.  Past performance is no indication of future results. Standard & Poor’s and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only current as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested. Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate. Where an investment or security is denominated in a different currency to the investor’s currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.

This material is based upon information that we consider to be reliable, but neither S&P nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. With respect to reports issued to clients in Japan and in the case of inconsistencies between the English and Japanese version of a report, the English version prevails. With respect to reports issued to clients in German and in the case of inconsistencies between the English and German version of a report, the English version prevails. Neither S&P nor its affiliates guarantee the accuracy of the translation. Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Neither S&P nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance is not necessarily indicative of future results.

http://www.standardandpoors.com

Trading The Markets

If you have trading experience and have actually studied the data, you should know that Rising Volatility and Declining Volume on rallies are always associated with Bear Markets Rallies. Bull Markets are always accompanied by Rising Volume and steadily Increasing Prices.

For nearly 100 years, there was a standard rule for gauging long term Entry and Exit points in the Stock Market. If the DJIA Dividend Yield fell to 3%; sell and don’t come back until it was over 6%. This simple Rule of Thumb worked wonderfully until Doctor Greenspan became Wall Street’s Keynesian Master Bubble Maker in 1987. What ever happened to his belief in the GOLD STANDARD that he held up until he became Chairman? At the top of the 2000 Bull Market, the DJIA was only yielding 1.32%, not that anyone but me and a few others cared or even noticed. It’s a scary thought, but at the March 2009 Bottom, the DJIA Dividend Yield had only increased to 4.6%, and now it’s back below 3%. Dividends matter, especially during Bear Markets. When Capital Gains and decent Bond Yields become Distant Memories, the only logical reason for investors to buy stocks is to get higher and safer dividend yields than can be had from Treasuries because below the surface, there is nothing positive going on.

FINREG:

THE FRANK – DODD, SCREW AMERICA, BILL EXAMINED

Without blinking an eye the Administration did more yesterday to guarantee the next financial crisis than FDR did with his New Deal. With the single stroke of a pen, President Barack Obama set in motion 243 new formal rule-making bodies and 11 different federal agencies. Each of the 243 new bodies will create employment for hundreds of banking lobbyists as they try to shape what the final laws will actually look like. And when the rules are finally written, thousands of lawyers will bill millions of hours as the richest incumbent financial firms that caused the last crisis figure out how to manipulate the new system.

Yesterday, the Washington law firm, Jones Day snapped up the Securities and Exchange Commission head enforcement division lawyer, and J.P. Morgan Chase assigned more than 100 teams to examine the legislation. By delegating so much to the regulators, Congress is inviting everyone interested in the outcome to make more and more campaign contributions, as they will try and succeed in intervening in the regulatory process to influence the regulators. Nothing is settled.

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A Better Look At The Courses Of Options School

Whether you are looking forward to venturing into options trading or want to take your skill to the next level, the products and services offered by Options University is worth your consideration.

Established in 2004, the company is managed by Bret Fogle and Ron Ianieri, who are pro and experienced options floor traders themselves. The previous has a heavy experience in stocks and option trading while the second is without question one of the most seasoned and professionally trained option traders in the business. He has coached and coached some of the most renowned Wall Street traders over the years.

The courses being offered by the company is aimed at options dealers from all talent levels. If you’re a total amateur looking to leap into option trading or a professional trader who is planning to increase your profits, the company can certainly offer a course that may satisfy your requirements.

The official web site of the company provides you an high level view of their distance learning course as well as their net classes. Here’s a passing rundown of the assorted courses you can consider if you would like to find out more about trading options.

The Options 101 distance learning course is designed for the noob who would like to learn the ropes of trading options. It is among the best option trading courses that newbies can find in the market. The home learning course was designed by Ron Ianieri for helping greenhorn traders gain understanding of option dealing and teach them to utilize the established secrets the Corporation has been using over time.

Once amateurs have mastered the rudimentary talents in options dealing, the complicated Home Study Course carries on where Options 101left off. This course is designed for option traders who are prepared to take their newly bought trading experience to a higher level.

Sophisticated home learning course includes more complicated subjects like Greeks, Options Pricing Model, and Manmade Positions. Similarly , it focuses on particular subjects like condors, butterflies, straddles, and spreads which are subjects that you need to already be acquainted with if you’re keen with option dealing.

At the moment the course is being promoted as a very special offer when you purchase Options 101 Course, nonetheless it can still be bought as a separate product.

The Options Mastery Series completes the options dealing home learning course. This is designed for seasoned traders who wants to further hone their abilities or leap into pro floor trading. In 2007, Ron Ianieri mentored twenty-three greenhorns and transformed them into option trading professionals in a span of twelve weeks thru a collection of live web classes. Luckily, a corresponding material is now available to the general public. It is composed of twenty-seven CD distance learning courses.

The Options Mastery Series contains various topics which can be difficult to list down so you can check it out at the official website of the company.

The biggest advantage of both the Home Study and Advanced Courses is that you can participate in these classes without leaving the comforts of your home. From your computer, you can download the webinar platform that comes with a chatbox where you can communicate with your instructor.

The various courses of Options University offers convenience and ease of learning as you can take the classes at your own pace. With this technology, you need not attend a live event and worry about paying for the cost of travel and lodging.

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Azteca Acquisition Corporation (the “Company”)(OTCBB: AZTAU) announced today that it has closed its initial public offering for gross proceeds of $100,000,000. The Company sold 10,000,000 units at a price of $10.00 per unit. Each unit issued in the initial public offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $12.00 per share. In addition the Company has granted the underwriter a 45 day over-allotment option to purchase up to an additional 1,500,000 units.

The Company is a newly-organized blank check company formed for the purpose of acquiring or merging with an operating business.

Initially, the units will be the only security trading. The Company’s units began trading on the Over-the-Counter Bulletin Board quotation system under the ticker symbol “AZTAU” on June 30, 2011. The common stock and warrants comprising the units will begin separate trading on August 22, 2011 (or such earlier date as the underwriter may permit), subject to the Company’s filing a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting its receipt of the gross proceeds of the offering and issuing a press release announcing when such separate trading will begin.

The Company has deposited $100,500,000 (including $3,500,000 from a private placement of 4,666,667 warrants to the Company’s sponsor), or approximately $10.05 per share, into a trust account maintained by Continental Stock Transfer & Trust Company acting as the trustee. The funds will not be released from the trust account except under certain limited circumstances as described in the prospectus relating to the offering.

Deutsche Bank Securities Inc. acted as sole book-running manager of the offering.

A registration statement relating to these units and the underlying securities was declared effective by the Securities and Exchange Commission on June 29, 2011. This press release shall not constitute an offer to sell nor the solicitation of an offer to buy any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.  Copies of the final prospectus relating to the offering can be obtained from the U.S. Securities and Exchange Commission website at http://www.sec.gov. Alternatively, a copy of the prospectus related to this offering may be obtained from Deutsche Bank Securities Inc., 100 Plaza One, Jersey City, NJ 07311 (Attn: Prospectus Department), (800) 503-4611, or email:  prospectus.cpdg@db.com.

Company Contact:

Gabriel Brener
Chief Executive Officer
(310) 553-7009

ETF Fund Declares Dividend

Global X Funds, the New York based provider of exchange traded funds, today announced the first monthly distributions for the Global X Canada Preferred ETF (CNPF) and the Global X SuperDividend™ ETF (SDIV). The funds started trading on May 25, 2011 and June 9, 2011 respectively. It is anticipated that future ex-divided dates will the first of the month. Please consult www.globalxfunds.com to verify pay dates.

CNPF is the first ETF to target Canadian companies that issue preferred stock. For investors seeking income, preferred shares are an asset class worth considering due to their unique combination of bond and equity characteristics. SDIV provides exposure to 100 companies worldwide that rank among the highest dividend yielding equity securities in the world.  It offers exposure to a broad range of countries and sectors.

The table below summarizes the distribution schedule for each ETF, as of July 1, 2011.

For all Funds: Ex-Date: 7/1/2011 Record Date: 7/6/2011    Payable Date: 7/13/2011

Ticker ETF Name Income Distribution Per Share
CNPF Global X Canada Preferred ETF $0.064906
SDIV Global X SuperDividend™ ETF $0.101054696*

*Note: This payment covers a partial month from inception June 9, 2011.

ABOUT GLOBAL X FUNDS

Global X Funds is a New York-based provider of exchange-traded funds that facilitates access to investment opportunities across the global markets. With $1.6 billion in managed assets as of June 30, 2011, Global X Funds currently offers exchange-traded funds that target Developed Markets, Emerging Markets, Commodity Producers, Income Producers and Special Opportunities fund suites. The firm has been awarded “Most Innovative North American ETF Provider,” ETF Express 2011 Awards and “Most Innovative ETF- Americas,” 7th Annual Global ETF 2010 AWARDS®.  For more information, please visit www.globalxfunds.com

DISCLOSURE

To receive a distribution, you must be a registered shareholder of the fund on the record date. Distributions are paid to shareholders on the payment date.  There is no guarantee that capital gains distributions will not be made in the future.  Your own trading will also generate tax consequences and transaction expenses. Past distributions are not indicative of future distributions. Please consult your tax professional or financial adviser for more information regarding your tax situation.

Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Narrowly focused investments may be subject to higher volatility. High yielding stocks are often speculative, high risk investments. Companies may reduce or stop paying dividends at any time, which could have an adverse effect on performance.

Carefully consider the Funds’ investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds’ prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com. Read the prospectus carefully before investing.

Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company or any of its affiliates.

ETF Express awards were decided by the votes of ETF express subscribers, who include investors as well as managers and other industry professionals at firms including fund administrators, custodians, advisers and distributors.

The 7th Annual Global ETF Awards were determined by votes sent out to ETP industry participants across the globe.

http://www.globalxfunds.com

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