January 20, 2017 - 4:30 PM EST
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Chesapeake Energy Corporation Reinstates Payment Of Quarterly Preferred Stock Dividends

OKLAHOMA CITY, Jan. 20, 2017 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has reinstated the payment of dividends on its outstanding convertible preferred stock, as stated below.

Dividends in Arrears

Holders of record on February 1, 2017 for the 4.5%, 5.0%, 5.75% and 5.75% (Series A) Convertible Preferred Stock will receive four quarterly payments of dividends in arrears on February 15, 2017, as stated below.


4.50%

5% (2005B)

5.75%

5.75% (Series A)

NYSE Symbol

CHK Pr D

N/A

N/A

N/A

Date of Original Issue

September 14, 2005

November 8, 2005

May 17, 2010

May 17, 2010

Registered CUSIP

165167842

165167826

165167768

165167750

144A CUSIP

N/A

165167834

165167776

165167784

RegS CUSIP

N/A

N/A

U16450204

U16450113

Clean (no legends)  CUSIP

N/A

N/A

165167768

165167750

Par Value per Share

$0.01

$0.01

$0.01

$0.01

Shares Outstanding

2,558,900

1,810,667

770,528

463,363

Liquidation Preference per Share

$100

$100

$1,000

$1,000

Record Date

February  1, 2017

February 1, 2017

February 1, 2017

February 1, 2017

Payment Date

February 15, 2017

February 15, 2017

February 15, 2017

February 15, 2017

Amount per Share (four quarters in arrears)

$4.50

$5.00

$57.50

$57.50

 

Current Quarterly Dividend

For the current quarter, the Board of Directors also declared dividends on each series of its outstanding preferred stock, as stated below. Holders of outstanding 5.0% (Series 2005B), 5.75% and 5.75% (Series A) Convertible Preferred Stock on February 1, 2017 will receive current quarterly dividends on February 15, 2017. Holders of the 4.5% Convertible Preferred Stock on March 1, 2017 will receive current quarterly dividends on March 15, 2017.


4.50%

5% (2005B)

5.75%

5.75% (Series A)

NYSE Symbol

CHK Pr D

N/A

N/A

N/A

Date of Original Issue

September 14, 2005

November 8, 2005

May 17, 2010

May 17, 2010

Registered CUSIP

165167842

165167826

165167768

165167750

144A CUSIP

N/A

165167834

165167776

165167784

RegS CUSIP

N/A

N/A

U16450204

U16450113

Clean (no legends)  CUSIP

N/A

N/A

165167768

165167750

Par Value per Share

$0.01

$0.01

$0.01

$0.01

Shares Outstanding

2,558,900

1,810,667

770,528

463,363

Liquidation Preference per Share

$100

$100

$1,000

$1,000

Record Date

March  1, 2017

February 1, 2017

February 1, 2017

February 1, 2017

Payment Date

March 15, 2017

February 15, 2017

February 15, 2017

February 15, 2017

Amount per Share

$1.125

$1.25

$14.375

$14.375

 

Headquartered in Oklahoma City, Chesapeake Energy Corporation's (NYSE: CHK) operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. The company also owns oil and natural gas marketing and natural gas gathering and compression businesses.

INVESTOR CONTACT:

MEDIA CONTACT:

Brad Sylvester, CFA

Gordon Pennoyer

405-935-8870

405-935-8878

[email protected]

[email protected]

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chesapeake-energy-corporation-reinstates-payment-of-quarterly-preferred-stock-dividends-300394343.html

SOURCE Chesapeake Energy Corporation


Source: PR Newswire (January 20, 2017 - 4:30 PM EST)

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