Revlon, Inc. Announces Regular Dividend on its Series A Preferred Stock
March 15 2012 - 4:24PM
Business Wire
As previously disclosed, Revlon, Inc. (NYSE: REV) issued
9,336,905 shares of Series A Preferred Stock (CUSIP No. 761525
708) on October 8, 2009. Pursuant to the terms of the Certificate
of Designation for the Series A Preferred Stock, each share of
Series A Preferred Stock is entitled to receive, when and if
declared by Revlon's Board of Directors, out of legally available
funds, cumulative preferential dividends at an annual rate of
12.75% of the $5.21 per share liquidation preference (the "Regular
Dividends").
The Regular Dividends are payable quarterly in cash in arrears
on October 8, January 8, April 8 and July 8 of each year,
or the next business day if such date is not a business day, if
declared. The full terms and conditions of the Series A Preferred
Stock are set forth in the Certificate of Designation for the
Series A Preferred Stock, which Revlon filed with the SEC on
October 8, 2009.
Revlon announced today that its Board of Directors has declared
a Regular Dividend of $0.165161 per share on the Series A Preferred
Stock for the period from January 9, 2012 through April 8, 2012
(representing 91 days out of a 366-day year).
The Regular Dividend referred to in this press release is
payable on April 9, 2012 (as the regularly scheduled dividend date
of April 8, 2012 falls on a Sunday) to holders of record of the
Series A Preferred Stock at the close of business on March 30,
2012.
About Revlon
Revlon is a global color cosmetics, hair color, beauty tools,
fragrances, skincare, anti-perspirant deodorants and beauty care
products company whose vision is Glamour, Excitement and Innovation
through high-quality products at affordable prices. Revlon® is one
of the strongest consumer brand franchises in the world. Revlon’s
global brand portfolio includes Revlon® color cosmetics, Almay®
color cosmetics, Sinful Colors® color cosmetics, Revlon ColorSilk®
hair color, Revlon® beauty tools, Charlie® fragrances, Mitchum®
anti-perspirant deodorants, and Ultima II® and Gatineau® skincare.
Websites featuring current product and promotional information can
be reached at www.revlon.com, www.almay.com and www.mitchum.com.
Corporate and investor relations information can be accessed at
www.revloninc.com.
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