Revlon, Inc. Announces Regular Dividend on its Series A Preferred Stock
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130315:nBw155794a NEW YORK--(Business Wire)-- 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 a Regular Dividend of $0.163794 per share on the Series A Preferred Stock for the period from January 9, 2013 through April 8, 2013 (representing a 90-day period). The Regular Dividend referred to in this press release is payable on April 8, 2013 to holders of record of the Series A Preferred Stock at the close of business on March 28, 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, 212-527-5264 Senior Vice President, Treasurer & Investor Relations Copyright Business Wire 2013
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