Rexnord Declares Dividend on Mandatory Convertible Preferred Stock
September 25 2017 - 05:05PM
Business Wire
Rexnord Corporation (NYSE:RXN) today announced that its Board of
Directors declared a quarterly dividend to holders of the 5.75%
Series A Mandatory Convertible Preferred Stock of $14.375 per
share, payable on November 15, 2017 to stockholders of record as of
November 1, 2017.
About Rexnord
Headquartered in Milwaukee, Wisconsin, Rexnord is comprised
of two strategic platforms, Process & Motion Control and Water
Management, with approximately 8,000 employees worldwide. The
Process & Motion Control platform designs, manufactures,
markets and services specified, highly-engineered mechanical
components used within complex systems. The Water Management
platform designs, procures, manufactures and markets products that
provide and enhance water quality, safety, flow control and
conservation. Additional information about the Company can be found
at www.rexnordcorp.com.
Forward-Looking Statements
Information in this release may involve outlook, expectations,
beliefs, plans, intentions, strategies or other statements
regarding the future, which are forward-looking statements. These
forward-looking statements involve risks and uncertainties. All
forward-looking statements included in this release are based upon
information available to Rexnord Corporation as of the
date of the release, and Rexnord Corporation assumes no
obligation to update any such forward-looking statements. The
statements in this release are not guarantees of future
performance, and actual results could differ materially from
current expectations. Numerous factors could cause or contribute to
such differences. Please refer to “Risk Factors” and “Cautionary
Notice Regarding Forward-Looking Statements” in the Company’s Form
10-K for the fiscal year ended March 31, 2017 as well as
the Company’s annual, quarterly and current reports filed on Forms
10-K, 10-Q and 8-K from time to time with the SEC for a
further discussion of the factors and risks associated with the
business.
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version on businesswire.com: http://www.businesswire.com/news/home/20170925006382/en/
Rexnord CorporationInvestor Contact:Rob McCarthyVice
President, Investor Relations414-223-1615orMedia
Contact:Angela HersilDirector, Corporate
Communications855-480-5050Corporate.Communications@Rexnord.com
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