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PetroQuest Energy, 6.875% Series B Cumul Conv Perp Preferred Stock
Ticker Symbol: PTQEQ*     CUSIP: 716748207     Exchange: OTOTC
* NOTE: This security is no longer trading as of 1/31/2019

Security's Distribution is Suspended!

QUANTUMONLINE.COM SECURITY DESCRIPTION:  PetroQuest Energy Inc., 6.875% Series B Cumulative Convertible Perpetual Preferred Stock, liquidation preference $50 per share, and with no stated maturity. Distributions of 6.875% ($3.4375) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date of 1/1, 4/1, 7/1 & 10/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). 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-41 of the prospectus for further information). The preferred shares are convertible any time at the holder's option into 3.4433 common shares of PetroQuest Energy Inc. (NYSE: PQ), an initial conversion price of $14.52 per common share. On or after 10/20/2010, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price. 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 convertible preferred stock and the conversion provisions 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
Conv Shrs
Conv Price
Distribution Dates 15%
Tax Rate
OTOTCn
OTOTCps
6.88%
$3.44
$50.00
$50.00
10/20/2010
None
WR NF
10/09/2019
3.4433
$14.52
Suspended!
1/15, 4/15, 7/15 & 10/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (QWST)

Notes:  January 31, 2019 -- the United States Bankruptcy Court for the Southern District of Texas entered an Order confirming the First Amended Chapter 11 Plan of Reorganization, as Immaterially Modified on January 28, 2019 (the “Plan”), of PetroQuest Energy, Inc. (the “Company”) and certain of the Company’s wholly-owned direct and indirect subsidiaries under Chapter 11 of Title 11 of the United States Code, which approved and confirmed the Plan. The Plan became effective on February 8, 2019. In connection with the effectiveness of the Plan, among other things, all previously issued and outstanding shares of common stock, par value $0.001 per share, and 6.875% Series B Cumulative Convertible Perpetual Preferred Stock of the Company were extinguished. _________________ Nov. 07, 2018 -- PetroQuest Energy, Inc. (OTCQX: PQUE) today announced that it and certain of its direct and indirect subsidiaries entered into a restructuring support agreement ("RSA") with its first lien lenders and second lien noteholders to permanently reduce its debt and the related interest expense in ways that support the long-term growth and success of the business. To implement the RSA and thus achieve its financial goals, the Company also filed for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division. The RSA, which was executed on November 6, 2018, contemplates a comprehensive restructuring of the Company's capital structure, has the support of certain holders of 81.83% of its 10% Second Lien Secured Senior Notes due 2021 (the "2021 Notes"), certain holders of 84.76% of its 10% Second Lien Senior Secured PIK Notes due 2021 and the lenders under the Company's multi-draw term loan agreement. ____________ January 26, 2016 - PetroQuest Energy, Inc. 6.875% Series B Preferred Stock Update. The Company has 1,495,000 shares of its 6.875% Series B Cumulative Convertible Perpetual Preferred Stock outstanding. As required by the terms of the recent amendment to the Company’s credit facility and consistent with the Company’s continued focus on preserving liquidity, the Company will suspend the quarterly cash dividend on its Series B Preferred Stock beginning with the dividend payment due on April 15, 2016. Suspension of the dividends on the Series B Preferred Stock will save approximately $5.1 million annually. ____________ They do not intend to apply for listing of the Series B Preferred Stock on any securities exchange or for inclusion of the Series B Preferred Stock in any automated quotation system.

IPO - 9/21/2007 - 1.30 Million Shares @ $50.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: PTQEP    Changed: 11/07/2018
Market Value $65.0 Million

Company's Online Information Links
HOME PAGE:     http://www.petroquest.com/
Company's Investor Relations Information
(Website programming precludes a direct InvRel link.)
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 mquantz@petroquest.com

Address and Phone Numbers
Address:   400 East Kaliste Saloon Road, Suite 6000, Lafayette, LA 70508
Main Phone Number 337-232-7028
Fax Number 337-232-0044
Corporate Communications   Matt Quantz 337-232-7028
Toll Free Phone Number Unknown
CEO - Charles T. Goodson CFO - James Bond Clement

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