Rex Energy Declares Dividend on Series A Preferred Depository Shares
July 20 2017 - 4:01PM
Rex Energy Corporation (Nasdaq:REXX) today announced that the Board
of Directors of Rex Energy Corporation has declared a quarterly
cash dividend of $150.00 per share of its 6.0% Series A convertible
perpetual preferred stock (equivalent to $1.50 per depository
share, each representing a 1/100th interest in a share of Series A
convertible perpetual preferred stock). As a result, on August 15,
2017, a cash dividend of $150.00 per share (equivalent to $1.50 per
depository share) will be paid to holders of record as of the close
of business on August 1, 2017.
Forward-Looking Statements
This release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities and Exchange Act of 1934. Forward-looking
statements are based on current beliefs and expectations and
involve certain assumptions or estimates that involve various risks
and uncertainties, such as financial market conditions, changes in
commodities prices and the other risks discussed in detail in the
Company's Annual Report on Form 10-K for the year ended December
31, 2016 and other subsequent filings with the Securities and
Exchange Commission. Readers should not place undue reliance on any
such forward-looking statements, which are made only as of the date
hereof. Rex Energy has no duty, and assumes no obligation, to
update forward-looking statements as a result of new information,
future events or changes in the Company’s expectations.
About Rex Energy Corporation
Headquartered in State College, Pennsylvania, Rex Energy is an
independent oil and gas exploration and production company with its
core operations in the Appalachian Basin. The company’s strategy is
to pursue its higher potential exploration drilling prospects while
acquiring oil and natural gas properties complementary to its
portfolio.
For more information contact:
Investor Relations
(814) 278-7130
InvestorRelations@rexenergycorp.com