HOUSTON, June 18, 2019 /PRNewswire/ — Callon Petroleum Company (CPE) (the “Company” or “Callon”) today announced it has given notice for the redemption (the “Redemption”) of all outstanding shares of the Company’s 10.00% Series A Cumulative Preferred Stock (CUSIP: 13123X409) (the “Preferred Shares”).
The redemption date of the Preferred Shares will be on July 18, 2019 (the “Redemption Date”). The Preferred Shares will be redeemed at a redemption price equal to $50.00 per share, plus an amount equal to all accrued and unpaid dividends in an amount equal to $0.24 per share, for a total redemption price of $50.24 per share (the “Redemption Price”). On and after the Redemption Date, the Preferred Shares will no longer be deemed outstanding, dividends on the Preferred Shares shall cease to accrue, and all rights of the holders with respect to such Preferred Shares will terminate, except the right of the holders to receive the Redemption Price, without interest.
Regular dividends on the Preferred Shares for the second quarter of 2019 will be paid on June 30, 2019 to each holder of record on June 13, 2019.