Callon Petroleum to redeem all 10% series A cumulative preferreds

By Sarah Lizee

Olympia, Wash., June 18 – Callon Petroleum Co. plans to redeem all outstanding shares of its 10% series A cumulative preferred stock on July 18, according to a press release.

The redemption price will be equal to $50.00 per preferred share, plus all accrued dividends in an amount equal to $0.24 per preferred share, for a total redemption price of $50.24 per preferred share.

Regular dividends on the preferred shares for the second quarter of 2019 will be paid on June 28 to each holder of record on June 14.

Callon is a Natchez, Miss.-based independent energy company focused on the acquisition, development, exploration and operation of oil and gas properties in the Permian Basin in West Texas.

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