Sanchez Energy to Pay Dividends on Series A and Series B Convertible Perpetual Preferred Stock in Common Stock
May 23 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 July 3, 2017 to holders of record on June 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, as of March 31, 2017, the Company has
assembled approximately 360,000 net acres. For more information
about Sanchez Energy Corporation, please visit our website:
www.sanchezenergycorp.com.
COMPANY CONTACT:
Kevin Smith
VP Investor Relations
(281) 925-4828
Cham King
Investor Relations & Capital Markets
(713) 756-2797
General Inquiries: (877) 847-0008
www.sanchezenergycorp.com