Series E Preferred Stock - Dividend Payment
December 21 2015 - 6:00AM
PR Newswire (US)
HOUSTON, Dec. 21, 2015 /PRNewswire/ -- In connection with
Goodrich Petroleum Corporation's (NYSE: GDP) (the "Company")
recent tender offer and issuance of depositary shares, each
representing a 1/1000th ownership interest in a share of the
Company's new 10.00% Series E Cumulative Convertible Preferred
Stock (the "Series E Preferred Stock"), the Company has arranged
for the filing of Form 211 with the Financial Industry Regulatory
Authority ("FINRA") to initiate the listing of the Series E
Preferred Stock on the OTC Global Markets, Inc. (the "OTC"). After
FINRA authorizes listing of the Series E Preferred Stock on the
OTC, the Company will set a record date for the payment of the
initial dividend on the Series E Preferred Stock within three days
of the authorization date and dividend payment date within three
days of the record date, which dividend will be paid in shares of
the Company's common stock. In addition, according to the terms of
the Series E Preferred Stock, it may be converted at any time into
shares of the Company's common stock at a rate of 5.0 shares of the
Company's common stock for each depositary share of Series E
Preferred Stock. To convert the Series E Preferred Stock the holder
should contact their broker or our transfer agent, American Stock
Transfer & Trust Company LLC, at (800) 937-5449.
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SOURCE Goodrich Petroleum Corporation
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