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Magnum Hunter Resources Corp., 10.25% Series C Cumul Perpetual Preferred Stock
Ticker Symbol: MHRCP*     CUSIP: 55973B201     Exchange: OTOTC
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 5/09/2016

Security's Distribution is Suspended!

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Magnum Hunter Resources Corp., 10.25% Series C Cumulative Perpetual Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 12/14/2011 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 10.25% ($2.5625) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 (revised to monthly on the last day of each month as of 9/15/2010) to holders of record on the record date which will be the 10th day prior to the payment date or or the date fixed by the board, not more than 10 days or less than 30 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). In the event that the shares fail to pay dividends or are no longer listed on the NYSE, the AMEX or the Nasdaq exchanges and are also not subject to SEC reporting requirements, the dividend rate will be increased to 12.50%. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-46 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the Series C preferred shares rank junior to all of the company's existing and future indebtedness, senior to the Series D & E preferred stock, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
OTOTCn
OTOTCps
10.25%
$2.5625
$25.00
$25.00
12/14/2011
None
NF NF
11/18/2015
Suspended!
Last day of the month
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (MHRCQ)

Notes:  May 9, 2016 -- OTC Daily Deletions Updates note: Bankruptcy Plan Effective - Shares Cancelled.________________ Oct 9, 2015) - Magnum Hunter Resources Corporation announced today that it has hired PJT Partners LP (NYSE: PJT), as financial advisor, and Kirkland & Ellis LLP, as special legal advisor, to advise management and the Company's Board of Directors regarding potential strategic alternatives to enhance liquidity and address the Company's current capital structure. To preserve liquidity as the Company considers these strategic alternatives, the Board of Directors of the Company has suspended the monthly dividends on its 10.25% Series C Cumulative Perpetual Preferred Stock, 8.0% Series D Cumulative Preferred Stock and 8.0% Series E Cumulative Convertible Preferred Stock. This suspension commences with the monthly cash dividend that would otherwise have been declared and paid for the month ending October 31, 2015 and will continue indefinitely. Under the terms of the Series C, Series D and Series E Preferred Stock, any unpaid dividends, including the unpaid dividends for the month ending October 31, 2015 and any future unpaid dividends, will accumulate. ____________ Jul 29, 2013 - Magnum Hunter Resources Corporation announced today that it has declared cash dividends on the Company's 10.25% Series C Cumulative Perpetual Preferred Stock, 8.0% Series D Cumulative Preferred Stock, and 8.0% Series E Cumulative Convertible Preferred Stock, for the months of April, May, June, July and August 2013, referred to as the Declared Accumulated Dividend. The outstanding shares of Series E Preferred Stock are represented by depositary shares (Depositary Shares), each representing a 1/1,000th interest of a share of Series E Preferred Stock. The Declared Accumulated Dividend represents (i) all accumulated accrued and unpaid dividends on the Company's preferred stock for the months of April, May, June and July 2013, (ii) the to-be-accrued dividends on the preferred stock for the remainder of July 2013, and (iii) the to-be-accrued dividends on the preferred stock for August 2013. Magnum Hunter was unable to pay its preferred stock dividends for the months of April, May, June and July 2013 on the Company's normal end-of-the-month dividend payment dates due to the delay in the filing of its Annual Report on Form 10-K for the year ended December 31, 2012, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2013. The Company has now filed these reports with the Securities and Exchange Commission (June 14, 2013 and July 8, 2013, respectively). The Declared Accumulated Dividend on the Series C Preferred Stock is payable on September 3, 2013, to holders of record at the close of business on August 15, 2013. The payment will be an annualized 10.25% per share, which is equivalent to approximately $0.2135 per share, based on the $25.00 per share liquidation preference of the Series C Preferred Stock, for each of the months of April, May, June, July and August 2013. This represents a total amount payable of approximately $1.0675 per share for the five-month period ending August 31, 2013. The Series C Preferred Stock is currently listed on the NYSE MKT and trades under the ticker symbol "MHR.PRC". Following the payment of the Declared Accumulated Dividend on September 3, 2013, the Company expects to resume the monthly payment of cash dividends on all series of its preferred stock, beginning with the dividend payable for the month of September 2013. The payment by the Company of accrued cash dividends on its preferred stock is subject to the requirements of applicable law and compliance by the Company with its debt agreements. ____________ From the Form 8-K filed with the SEC on 4/16/2013 -- The Company previously disclosed that its ability to pay dividends on its Series C, D and E preferred stock for periods after March 2013 would depend on the timing of the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2012 and obtaining any required consents under its debt agreements. The Company intends to pay all accrued and unpaid dividends on its Series C, D and E preferred stock promptly after the Company has filed such Annual Report on Form 10-K and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2013 and obtained any required consents relating to the payment of such dividends arising under the indenture relating to the Company’s outstanding senior notes, which the Company expects to obtain. ____________ From the form 8-K filed with the SEC on 9/15/2010 -- On September 9, 2010, Magnum Hunter Resources Corporation amended the Certificate of Designation for the Company’s Series C Cumulative Perpetual Preferred Stock, effective as of October 1, 2010, to provide for monthly dividend payments on the Series C Preferred Stock rather than quarterly, with the first monthly dividend payment scheduled for October 31, 2010, for the monthly dividend period commencing on October 1, 2010. A copy of the amendment to the Certificate of Designation is filed as Exhibit 99.1 to this Current Report on Form 8-K.

IPO - 12/10/2009 - 4.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: MHR-C    Changed: 11/16/2015
Market Value $102.0 Million

Company's Online Information Links
HOME PAGE:     http://www.magnumhunterresources.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address ir@magnumhunterresources.com

Address and Phone Numbers
Address:   777 Post Oak Blvd., Suite 910, Houston, TX 77056
Main Phone Number 832-369-6986
Fax Number 832-203-4546
Investor Relations   M. Bradley Davis 832-203-4545
Toll Free Phone Number Unknown
CEO - Gary C. Evans CFO - Ronald D. Ormand

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