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Dolan Co., 8.50% Series B Cumulative Preferred Stock
Ticker Symbol: DONPQ*     CUSIP: 25659P501     Exchange: OTOTC
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 10/20/2015

Security's Distribution is Suspended!

QUANTUMONLINE.COM SECURITY DESCRIPTION:  The Dolan Co., 8.50% Series B Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 1/31/2018 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.50% per annum ($2.125 per annum or $0.53125 per quarter) will be paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the record date which will be the 15th day of the month previous to the payment date, or such other date as designated by the board that is not more than 90 days nor less than 10 days prior to the payment date. (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-26 of the prospectus for further information). This security was not rated by Moody’s or S&P at the time of its IPO. 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
OTOTCn
OTOTCps
8.50%
$2.125
$25.00
$25.00
1/31/2018
None
NF NF
5/12/2015
Suspended!
1/1, 4/1, 7/1 & 10/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (DOLNQ)

Notes:  5/10/2014 -- The Dolan Company has been given the green light to proceed with its planned bankruptcy reorganization plan—and the Minneapolis-based firm, formerly one of Minnesota’s 50 largest public companies, will become privately owned and its stock will be cancelled. Dolan provides an array of business information and professional services to the legal, financial, and real estate industries, and it owns the Finance & Commerce newspaper, among other publications. The company filed for Chapter 11 bankruptcy protection in March, at which time its founder, James Dolan, stepped down from his role as CEO. The company announced this week that the United States Bankruptcy Court for the District of Delaware has approved its “prepackaged” reorganization plan, describing the approval as “a critical step toward the company’s emergence from bankruptcy, which the company anticipates will occur later this week. Under the terms of the reorganization plan, Dolan’s secured lenders will assume ownership of Dolan Company and its “e-discovery” business, DiscoverReady LLC, each of which will be operate as distinct entities. Bayside Capital, Inc., an affiliate of private investment firm H.I.G. Capital, will be the majority owner. Dolan’s stock, which was previously delisted by the New York Stock Exchange and moved to the “over-the-counter” marketplace, will be cancelled. (Read more about the events that led to Dolan’s bankruptcy here and about James Dolan's severance package here.) Dolan said its bankruptcy plan will allow it and its subsidiaries to cut their debt by more than $100 million to roughly $50 million. Dolan's initial bankruptcy plans did not call for shareholder compensation, but as it sought approval for its reorganization plan, Dolan reached a settlement with its “Official Committee of Equity Security Holders,” a deal that requires Dolan to pay about $3.2 million to a trust designed to benefit stockholders. Approximately 20 percent of the proceeds of the trust will subsequently be distributed pro rata to holders of the company’s preferred stock; the balance will be distributed pro rata to holders of the company’s common stock, Dolan said. ____________ March 20, 2014 -- The Dolan Company (OTC:DOLN) and its subsidiaries announced that it, along with certain of its subsidiaries, has agreed to a comprehensive balance-sheet restructuring with its secured lenders that, among other things, will allow the Company to continue honoring obligations of its employees, customers, and vendors in the ordinary course of business. The proposed restructuring will allow the Company to achieve a capital structure that will allow the Company to grow its business into the future. To implement the restructuring, the Company and certain of its subsidiaries intend to file voluntary petitions for a prepackaged chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. The Dolan Company’s e-discovery business, DiscoverReady LLC, will not file a chapter 11 petition and its operations will not be affected by the proposed chapter 11 process. The filing subsidiaries and DiscoverReady will continue to operate their businesses as usual in all respects and the restructuring is not expected to have a negative effect on the Company’s operations. ____________ Jan. 28, 2014-- The Dolan Company (NYSE:DM) announced today that it has received written notice from NYSE Regulation, Inc. that trading of The Dolan Company’s common stock and preferred stock on the New York Stock Exchange will be suspended before the NYSE opens on January 29, 2014. The Company expects to commence trading on the over-the-counter (OTC) market that same day under the symbol DOLN for its common stock and DOLNP for its preferred stock.

IPO - 1/25/2013 - 700,000 Shares @ $23.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: DOLNP    Changed: 3/25/2014
Market Value $17.5 Million

Company's Online Information Links
HOME PAGE:     http://www.dolanmedia.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 bob.evans@thedolancompany.com
Email Request Form on Website Go to Email Form

Address and Phone Numbers
Address:   222 South Ninth Street, Suite 2300, Minneapolis, MN 55402
Main Phone Number 612-317-9420
Fax Number 612-321-0563
Investor Relations   Bob Evans 612-317-9430
Toll Free Phone Number Unknown
CEO - James P. Dolan CFO - Vicki J. Duncomb

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