Rex Energy Declares Dividend on Series A Preferred Depository Shares
April 21 2017 - 4:01PM
Rex Energy Corporation (Nasdaq:REXX) today announced that the Board
of Directors of Rex Energy Corporation has declared a quarterly
dividend of $150.00 per share of its 6.0% Series A convertible
perpetual preferred stock. As a result, on May 15, 2017, a dividend
of $1.50 per depository share, each representing a 1/100th interest
in a share of Series A convertible perpetual preferred stock, will
be paid to holders of record at the close of business on May 1,
2017.
The Company intends to pay the dividend by delivery of shares of
the Company’s common stock, with the number of shares delivered to
be calculated in accordance with the terms of the applicable
Certificate of Designation. The dividend payment will apply
to the earliest dividend period for which dividends have accrued
and are unpaid.
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