Miller Energy's 10.5% preferreds admitted to begin trading on NYSE

By Tali David

Minneapolis, Oct. 1 - Miller Energy Resources, Inc.'s 10.5% series D fixed-rate/floating-rate cumulative redeemable preferred stock have been admitted to trading on the New York Stock Exchange, according to a notice.

The notes trade under the symbol "MILL PRD."

The company priced $35 million, or 1 million shares, of the preferreds on Sept. 25.

MLV & Co. LLC and Maxim Group LLC are the joint bookrunning managers.

As reported, proceeds will be used for general corporate purposes, including to make dividend payments on the company's outstanding preferred stock.

Miller Energy is a Knoxville, Tenn.-based oil and gas exploration and production company.

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