Revlon, Inc. Announces Regular Dividend on its Series A Preferred Stock
Revlon, Inc. Announces Regular Dividend on its Series A Preferred Stock
NEW YORK--(BUSINESS WIRE)-- As previously disclosed, Revlon, Inc. (NYS: REV) issued 9,336,905 shares of Series A Preferred Stock (CUSIP No. 761525 708) on October 8, 2009. Pursuant to the terms of the Certificate of Designation for the Series A Preferred Stock, each share of Series A Preferred Stock is entitled to receive, when and if declared by Revlon's Board of Directors out of legally available funds, cumulative preferential dividends at an annual rate of 12.75% of the $5.21 per share liquidation preference (the "Regular Dividends").
The Regular Dividends are payable quarterly in cash in arrears on October 8, January 8, April 8 and July 8 of each year, or the next business day if such date is not a business day, if declared. The Series A Preferred Stock is mandatorily redeemable on October 8, 2013. The full terms and conditions of the Series A Preferred Stock are set forth in the Certificate of Designation for the Series A Preferred Stock, which Revlon filed with the SEC on October 8, 2009.
Revlon announced today that its Board of Directors has declared a Regular Dividend of $0.165614 per share on the Series A Preferred Stock for the period from April 9, 2013 through July 8, 2013 (representing a 91-day period).
The Regular Dividend referred to in this press release is payable on July 8, 2013 to holders of record of the Series A Preferred Stock at the close of business on June 27, 2013.
About Revlon
Revlon is a global color cosmetics, hair color, beauty tools, fragrances, skincare, anti-perspirant deodorants and beauty care products company whose vision is Glamour, Excitement and Innovation through high-quality products at affordable prices. Revlon® is one of the strongest consumer brand franchises in the world. Revlon's global brand portfolio includes Revlon® color cosmetics, Almay® color cosmetics, SinfulColors® color cosmetics, Pure Ice® color cosmetics, Revlon ColorSilk® hair color, Revlon® beauty tools, Charlie® fragrances, Mitchum® anti-perspirant deodorants, and Ultima II® and Gatineau® skincare. Websites featuring current product and promotional information can be reached at www.revlon.com, www.almay.com and www.mitchum.com. Corporate and investor relations information can be accessed at www.revloninc.com.
Revlon, Inc.
Investor Relations & Media:
Elise Garofalo
Senior Vice President, Treasurer & Investor Relations
212-527-5264
KEYWORDS: United States North America New York
INDUSTRY KEYWORDS:
The article Revlon, Inc. Announces Regular Dividend on its Series A Preferred Stock originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
