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CM -Callon calls over $73MM in 10% preferred for redemption - July 2019
Callon Petroleum Co. announced July 18 as the redemption date for all shares outstanding of its 10% Series A cumulative preferred stock. At the end of Q1, the company reported 1,458,948 of the shares outstanding, carried on the balance sheet with an aggregate par value of $15,000. The company will redeem its only preferred class at $50 a share plus accrued and unpaid dividends, bringing the total up to $50.24. The shares will cease to exist following their redemption. Last month, the Permian pureplay completed the sale of......
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