Sanchez Energy to Pay Dividends on Series A and Series B Convertible Perpetual Preferred Stock in Common Stock
November 22 2017 - 5:00PM
Sanchez Energy Corporation (NYSE:SN) (“Sanchez Energy” or the
“Company”) today announced that the Board of Directors has declared
a quarterly dividend of $0.609375 per share on its 4.875%
Convertible Perpetual Preferred Stock, Series A and $0.812500 per
share on its 6.500% Convertible Perpetual Preferred Stock, Series B
(together, the “Convertible Perpetual Preferred Stock”). The
quarterly dividends on the Convertible Perpetual Preferred Stock
will be payable on Jan. 2, 2018 to holders of record on Dec. 15,
2017. The Company has elected to pay 100% of the dividends on
the Convertible Perpetual Preferred Stock in shares of common stock
of the Company to the extent permitted by the certificate of
designations for each series of the Convertible Perpetual Preferred
Stock. The common shares issued as dividends on the
Convertible Perpetual Preferred Stock will be listed and tradable
on the New York Stock Exchange.
ABOUT SANCHEZ ENERGY
CORPORATIONSanchez Energy Corporation (NYSE:SN) is an
independent exploration and production company focused on the
acquisition and development of U.S. onshore unconventional oil and
natural gas resources, with a current focus on the Eagle Ford Shale
in South Texas where the Company has assembled over 286,000 net
acres. For more information about Sanchez Energy Corporation,
please visit our website: www.sanchezenergycorp.com.
COMPANY CONTACT:Kevin SmithVP
Investor Relations(281) 925-4828
Cham KingInvestor Relations & Capital
Markets(713) 756-2797
General Inquiries: (713)
783-8000 www.sanchezenergycorp.com