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  • PR Newswirelast year

    Harvest Natural Resources Confirms Payment Of Dividend, Termination Of Trading, And Time Of Dissolution

    HOUSTON, May 3, 2017 /PRNewswire/ -- Harvest Natural Resources, Inc. (Harvest or the Company) (HNR) today announced that, in accordance with its previously articulated plan, it expects that the payment of a cash dividend (characterized for U.S. federal tax purposes as a liquidating distribution) of $5.75 per share to the stockholders of record on April 24, 2017 will be completed on May 4, 2017, and trading in Harvest's stock on the New York Stock Exchange will be terminated after the close of business on May 4.  Since the record date of April 24, the stock has been trading on a due bill (rather than an ex dividend) basis and will continue to do so until the close of business on May 4. As soon as possible after the close of business on May 4, Harvest will effect its stockholder-approved dissolution by filing its certificate of dissolution with the Delaware Secretary of State.  At that time, Harvest will cease to be an operating company and will continue to exist, as required by Delaware law, only for the purpose of winding up its affairs.

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