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Magnum Hunter Resources Corp., 8.00% Series D Cumulative Preferred Stock
Ticker Symbol: MHR-D CUSIP: 55973B300 Exchange: AMEX
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Magnum Hunter Resources Corp., 8.00% Series D Cumulative Preferred Stock, liquidation preference $50 per share, redeemable at the issuer's option on or after 3/21/2014 at $50 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.00% ($4.00) per annum are paid monthly on the last day of the month to holders of record on the record date which will be the 15th day of the month in which the payment is due (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 for specified periods, the dividend rate will be increased to 10.00% (see prospectus for details). 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-55 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds 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.
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Goto Parent Company's Record (MHR)
IPO - 3/17/2011
- 913,000 Shares @ $47.00/share.
Link to IPO Prospectus
Market Value $ 42.9 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| 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
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832-203-4545
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Toll Free Phone Number |
Unknown |
| CEO - Gary C. Evans |
CFO - Ronald D. Ormand |
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