As previously disclosed, Revlon, Inc. (NYSE: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 the final Regular Dividend of $0.167434 per share on the Series A Preferred Stock for the period from July 9, 2013 through October 8, 2013 (representing a 92-day period).
The Regular Dividend referred to in this press release is payable on October 8, 2013 to holders of record of the Series A Preferred Stock at the close of business on September 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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts