Rex Energy to make May 15 payment on convertible preferreds in cash

By Wendy Van Sickle

Columbus, Ohio, May 2 – Rex Energy Corp. will make the upcoming dividend payment on its series A convertible perpetual preferred stock in cash rather than the previously announced shares of common stock, according to a news release.

On April 21, the company announced a quarterly dividend of $150 per series A preferred share, payable on May 15 to holders of record as of May 1.

Based in State College, Pa., Rex Energy is an oil and gas exploration and production company.

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