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$CNP has closed its investment in 14,520,000 units of 10% Series A preferred units representing limited partner interests in $ENBL at $25 per unit. $ENBL redeemed $363MM of notes payable to $CNP subsidiary, CenterPoint Energy Resources. $CNP used the proceeds to invest in $ENBL's preferred units. The deal is expected to add to $CNP's earnings.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.