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Appointments, Sale of Housing Portfolio, Financial Results and Dividends - Analyst Notes on Evercore, Newcastle, Parkway, Kemper, and AllianceBernstein

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SOURCE Analysts Review

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NEW YORK, May 16, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Evercore Partners Inc. (NYSE: EVR), Newcastle Investment Corp. (NYSE: NCT), Parkway Properties Inc. (NYSE: PKY), Kemper Corporation (NYSE: KMPR) and AllianceBernstein Holding L.P. (NYSE: AB). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2542-100free.

Evercore Partners Inc. Analyst Notes

On May 6, 2014, Evercore Partners Inc. (Evercore) announced that J. Stuart Francis has agreed to join the Company's Investment Banking business as a Senior Managing Director in its Technology Group. The Company stated that Mr. Francis will join the Company in August 2014. Evercore added that Francis most recently served as Vice Chairman of Investment Banking and Chairman of the Global Technology Group for Barclays since 2008. Evercore's Executive Chairman, Roger Altman, stated, "Since inception, Evercore's business philosophy has been summarized in the same two words: excellence and integrity. It would be hard to find a senior banker who better epitomizes these attributes than Stu Francis, and that's why we are so excited to have him join us. He is the ideal senior banker to lead our Silicon Valley business, where we are engaged in a long-term build-up and which is a top priority for the Firm." The full analyst notes on Evercore are available to download free of charge at:

http://www.analystsreview.com/2542-EVR-16May2014.pdf

Newcastle Investment Corp. Analyst Notes

On May 12, 2014, Newcastle Investment Corp. (Newcastle) announced that it has completed the sale of its manufactured housing portfolio. According to the Company, the portfolio had a face value of $222 million and was sold at a price of 104% of par, or $231 million of proceeds. The Company stated that part of the proceeds from the sale will be used to pay off the current debt on the portfolio at par, including $132 million of third-party debt and $20 million of debt owned by CDO VIII and CDO IX. Newscastle added that the sale resulted in total proceeds to the Company of $85 million, of which it received $79 million of proceeds relating to its equity investment in the portfolio and $6 million of net proceeds through its ownership in the senior class of CDO VIII. Lastly, the Company stated that the sale will generate a gain of approximately $20 million in Q2 2014. The full analyst notes on Newcastle are available to download free of charge at:

http://www.analystsreview.com/2542-NCT-16May2014.pdf

Parkway Properties Inc. Analyst Notes

On May 12, 2014, Parkway Properties Inc. (Parkway) reported its Q1 2014 financial results. Total revenues increased 52.7% YoY to $104.1 million. Net income was $10.8 million or $0.11 per diluted share, compared to Q1 2013 net loss of $3.9 million or $0.07 per diluted share. Parkway President and CEO, James R. Heistand, stated, "Our strong first-quarter results reflect the contribution of our recent high-quality acquisitions to our overall portfolio performance and the continued execution of our proven leasing strategy. Since the beginning of the year, we have remained creative and opportunistic in acquiring high-quality assets across a number of our core markets, as well as commenced the highly anticipated Hayden Ferry III development in the Tempe submarket of Phoenix. Further, our ability to capitalize on favorable lease economics and unlock additional value across the portfolio has resulted in core NOI growth and has positioned us well for a strong 2014." The full analyst notes on Parkway are available to download free of charge at:

http://www.analystsreview.com/2542-PKY-16May2014.pdf

Kemper Corporation Analyst Notes

On May 7, 2014, Kemper Corporation (Kemper) announced that its Board of Directors has declared a quarterly dividend of $0.24 per share. According to the Company, the quarterly dividend is payable on June 3, 2014, to shareholders of record as of May 19, 2014. The full analyst notes on Kemper are available to download free of charge at:

http://www.analystsreview.com/2542-KMPR-16May2014.pdf

AllianceBernstein Holding L.P. Analyst Notes

On May 9, 2014, AllianceBernstein Holding L.P. (AllianceBernstein) announced that it has appointed Robert Hostetter as the Company's Global Head of Product Strategy. AllianceBernstein informed that he will report to Robert Keith, Company Head of the Global Client Group and will work closely with the Company's regional product teams to assess market demand for new services, optimize new product development, and prioritize local and global product innovation opportunities throughout AllianceBernstein. Additionally, the Company stated that Hostetter will also partner with client and investment groups globally to enhance the firm's new and existing product capabilities across asset classes and channels. Keith stated, "We have brought Robert on to ensure we remain focused on providing our clients with the right solutions. With his deep industry experience and impressive track record, we are confident Robert will further elevate our strategy and ability to innovate." The full analyst notes on AllianceBernstein are available to download free of charge at:

http://www.analystsreview.com/2542-AB-16May2014.pdf

About Analysts Review

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===============
EDITOR'S NOTES:
===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

http://www.AnalystsReview.com

©2012 PR Newswire. All Rights Reserved.

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