Rex Energy Declares Dividend on Series A Preferred Depository Shares
January 19 2018 - 4:01PM
Rex Energy Corporation (the “Company”) (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 (the “Preferred
Stock”). As a result, on February 15, 2018, a dividend of $1.50 per
depository share, each representing a 1/100th interest in a share
of Preferred Stock, will be paid to holders of record at the close
of business on February 1, 2018.
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 Certificate of Designations of the Preferred Stock.
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 otherwise.
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)
278-7130InvestorRelations@rexenergycorp.com