Jones Energy, Inc. Declares Convertible Preferred Stock Dividend
July 17 2017 - 4:15PM
Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or “the Company”)
today announced that its Board of Directors has declared a
quarterly dividend per share equal to 8.0% on an annualized basis
based on the liquidation preference of $50.00 per share, or $1.00
per share, on the Company’s 8.0% Series A Perpetual Convertible
Preferred Stock. The dividend will be paid in the Company’s Class A
common stock. The price per share of the Class A common stock used
to determine the number of shares to be issued will be equal to 95%
of the average volume-weighted average price per share for each day
during the 5-consecutive day trading period ending immediately
prior to the payment date. This dividend is for the period
beginning on the last payment date of May 15, 2017 through August
14, 2017 and will be payable on August 15, 2017 to shareholders of
record as of August 1, 2017.
About Jones Energy
Jones Energy, Inc. is an independent oil and natural gas company
engaged in the development and acquisition of oil and natural gas
properties in the Anadarko and Arkoma basins of Texas and
Oklahoma. Additional information about Jones Energy may be
found on the Company’s website at: www.jonesenergy.com.
Investor Contact:
Page Portas, 512-493-4834
Investor Relations Associate
Or
Robert Brooks, 512-328-2953
Executive Vice President & CFO