OKLAHOMA CITY, Jan. 20, 2017 /PRNewswire/ -- Chesapeake
Energy Corporation (NYSE:CHK) today announced that its Board of
Directors has reinstated the payment of dividends on its
outstanding convertible preferred stock, as stated below.
Dividends in Arrears
Holders of record on February 1,
2017 for the 4.5%, 5.0%, 5.75% and 5.75% (Series A)
Convertible Preferred Stock will receive four quarterly payments of
dividends in arrears on February 15,
2017, as stated below.
|
4.50%
|
5%
(2005B)
|
5.75%
|
5.75% (Series
A)
|
NYSE
Symbol
|
CHK Pr D
|
N/A
|
N/A
|
N/A
|
Date of Original
Issue
|
September 14,
2005
|
November 8,
2005
|
May 17,
2010
|
May 17,
2010
|
Registered
CUSIP
|
165167842
|
165167826
|
165167768
|
165167750
|
144A
CUSIP
|
N/A
|
165167834
|
165167776
|
165167784
|
RegS
CUSIP
|
N/A
|
N/A
|
U16450204
|
U16450113
|
Clean (no
legends) CUSIP
|
N/A
|
N/A
|
165167768
|
165167750
|
Par Value per
Share
|
$0.01
|
$0.01
|
$0.01
|
$0.01
|
Shares
Outstanding
|
2,558,900
|
1,810,667
|
770,528
|
463,363
|
Liquidation
Preference per Share
|
$100
|
$100
|
$1,000
|
$1,000
|
Record
Date
|
February 1,
2017
|
February 1,
2017
|
February 1,
2017
|
February 1,
2017
|
Payment
Date
|
February 15,
2017
|
February 15,
2017
|
February 15,
2017
|
February 15,
2017
|
Amount per Share
(four quarters in arrears)
|
$4.50
|
$5.00
|
$57.50
|
$57.50
|
Current Quarterly Dividend
For the current quarter, the Board of Directors also declared
dividends on each series of its outstanding preferred stock, as
stated below. Holders of outstanding 5.0% (Series 2005B),
5.75% and 5.75% (Series A) Convertible Preferred Stock on
February 1, 2017 will receive current
quarterly dividends on February 15,
2017. Holders of the 4.5% Convertible Preferred Stock on
March 1, 2017 will receive current
quarterly dividends on March 15,
2017.
|
4.50%
|
5%
(2005B)
|
5.75%
|
5.75% (Series
A)
|
NYSE
Symbol
|
CHK Pr D
|
N/A
|
N/A
|
N/A
|
Date of Original
Issue
|
September 14,
2005
|
November 8,
2005
|
May 17,
2010
|
May 17,
2010
|
Registered
CUSIP
|
165167842
|
165167826
|
165167768
|
165167750
|
144A
CUSIP
|
N/A
|
165167834
|
165167776
|
165167784
|
RegS
CUSIP
|
N/A
|
N/A
|
U16450204
|
U16450113
|
Clean (no
legends) CUSIP
|
N/A
|
N/A
|
165167768
|
165167750
|
Par Value per
Share
|
$0.01
|
$0.01
|
$0.01
|
$0.01
|
Shares
Outstanding
|
2,558,900
|
1,810,667
|
770,528
|
463,363
|
Liquidation
Preference per Share
|
$100
|
$100
|
$1,000
|
$1,000
|
Record
Date
|
March 1,
2017
|
February 1,
2017
|
February 1,
2017
|
February 1,
2017
|
Payment
Date
|
March 15,
2017
|
February 15,
2017
|
February 15,
2017
|
February 15,
2017
|
Amount per
Share
|
$1.125
|
$1.25
|
$14.375
|
$14.375
|
Headquartered in Oklahoma
City, Chesapeake Energy Corporation's (NYSE: CHK) operations
are focused on discovering and developing its large and
geographically diverse resource base of unconventional oil and
natural gas assets onshore in the United
States. The company also owns oil and natural gas marketing
and natural gas gathering and compression businesses.
INVESTOR
CONTACT:
|
MEDIA
CONTACT:
|
Brad Sylvester,
CFA
|
Gordon
Pennoyer
|
405-935-8870
|
405-935-8878
|
ir@chk.com
|
media@chk.com
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/chesapeake-energy-corporation-reinstates-payment-of-quarterly-preferred-stock-dividends-300394343.html
SOURCE Chesapeake Energy Corporation