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Magnum Hunter Resources Corpora Message Board

  • roncor roncor Apr 15, 2013 2:04 PM Flag

    This Month's Dividend

    Anyone know why there has been no announcement about thie dividend this month?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Hello roncor,
      Here's a quote from the CEO's conference:
      "Let's talk about the preferred stock. As you know, we have 3 outstanding series of preferred. We are, by the bond indenture related to our senior notes, prohibited from paying dividends under our -- the preferred stock issues that we have out until our Form 10-K for this year ended December 31, 2012, and our Form 10-Q for the 3 months ended March 31 has been filed. The dividends are cumulative. It's not going anywhere, just can't get them until we file these. We anticipate paying them in 60 to 90 days and bring everybody current. So they are cumulative dividends. They're not going anywhere, we just are not allowed to pay them."

      Good luck to us both! NS

    • Per the 8-K that was filed on March 18, 2013, future dividends on the Company’s Series C, D and E Preferred Stock will be dependent upon the timing of the filing of the 2012 Form 10-K.
      Now they fired they accounting firm.

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