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Miller Energy Resources, 10.75% Series C Cumulative Redeemable Preferred Stock
Ticker Symbol: MILPQ*     CUSIP: 600527204     Exchange: OTOTC
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 3/30/16

Security's Distribution is Suspended!

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Miller Energy Resources, 10.75% Series C Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 11/1/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 10.75% per annum ($2.6875 per annum or $0.671875 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be 2/15, 5/15, 8/15 & 11/15 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the 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-34 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, 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.
Cpn Rate
Ann Amt
Call Date
Matur Date
Distribution Dates 15%
Tax Rate
3/1, 6/1, 9/1 & 12/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date

Goto Parent Company's Record (MILLQ)

Notes:  3/30/2016 -- OTC Daily Updates Deletions notes: Bankruptcy Plan Effective/Shares Cancelled_______________October 01, 2015 - Miller Energy Resources, Inc. (OTC PINK: MILL) announced today that it and certain of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Alaska. Miller Energy has agreed upon a term sheet with Apollo Investment Corp. and certain affiliates of Highbridge Capital Strategies (together, the "Second Lien Lenders") for a comprehensive financial restructuring that would substantially reduce the Company's indebtedness, provide a long-term solution for its balance sheet, enable the Company to operate with minimal disruption and loss of productivity, and protect and preserve its going-concern value for all stakeholders. ____________ May 06, 2015 - Miller Energy Resources, Inc. announced today that its Board of Directors has voted to defer the cash payment of the quarterly dividend on the Company's 10.75% Series C Cumulative Redeemable Preferred Stock and its 10.5% Series D Fixed Rate / Floating Rate Cumulative Redeemable Preferred Stock.

IPO - 9/28/2012 - 685,000 Shares @ $23.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: MILL-C    Changed: 7/31/15
Market Value $ 17.1 Million

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Address and Phone Numbers
Address:   9721 Cogdill Road, Suite 302, Knoxville, TN 37932
Main Phone Number 865-223-6575
Fax Number 865-691-8209
Investor Relations   Robert L. Gaylor 865-223-6575
Toll Free Phone Number Unknown
CEO - Scott M. Boruff CFO - David J. Voyticky

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