Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred Stock, Series D Preferred Stock and Series E

Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred 
Stock, Series D Preferred Stock and Series E Preferred
Stock 
HOUSTON, TX -- (Marketwire) -- 02/01/13 --  Magnum Hunter Resources
Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE
MKT: MHR.PRE) (the "Company") announced today that it has declared a
monthly cash dividend on the Company's 10.25% Series C Cumulative
Perpetual Preferred Stock ("Series C Preferred Stock"), a monthly
cash dividend on the Company's 8.0% Series D Cumulative Preferred
Stock ("Series D Preferred Stock") and a monthly cash dividend on the
Company's 8.0% Series E Cumulative Convertible Preferred Stock
("Series E Preferred Stock"). The outstanding shares of Series E
Preferred Stock are represented by depositary shares (the "Depositary
Shares"), each representing a 1/1,000th interest of a share of Series
E Preferred Stock.  
The dividend on the Series C Preferred Stock, which is for the month
of February 2013, is payable on February 28, 2013, to holders of
record at the close of business on February 15, 2013. The payment
will be an annualized 10.25% per share, which is equivalent to
approximately $0.2135 per share, based on the $25.00 per share
liquidation preference of the Series C Preferred Stock. The Series C
Preferred Stock is currently listed on the NYSE MKT and trades under
the ticker symbol "MHR.PRC".  
The dividend on the Series D Preferred Stock, which is for the month
of February 2013, is payable on February 28, 2013, to holders of
record at the close of business on February 15, 2013. The payment
will be an annualized 8.0% per share, which is equivalent to
approximately $0.3333 per share, based on the $50.00 per share
liquidation preference of the Series D Preferred Stock. The Series D
Preferred Stock is currently listed on the NYSE MKT and trades under
the ticker symbol "MHR.PRD". 
The dividend on the Series E Preferred Stock, which is for the month
of February 2013, is payable on February 28, 2013, to holders of
record at the close of business on February 15, 2013. The payment
will be an annualized 8.0% per share of Series E Preferred Stock,
which is equivalent to approximately $166.6667 per share, based on
the $25,000.00 per share liquidation preference of the Series E
Preferred Stock (equivalent to approximately $0.1667 per Depositary
Share, based on the $25.00 per Depositary Share liquidation
preference). The Depositary Shares are currently listed on the NYSE
MKT and trade under the ticker symbol "MHR.PRE". The payment of
dividends to holders of the Depositary Shares will be made in
accordance with the terms of the Deposit Agreement which governs the
Depositary Shares.  
About Magnum Hunter Resources Corporation  
Magnum Hunter Resources Corporation and subsidiaries are a Houston,
Texas-based independent exploration and production company engaged in
the acquisition, development and production of crude oil, natural gas
and natural gas liquids, primarily in the states of West Virginia,
Kentucky, Ohio, Texas and North Dakota, and Saskatchewan, Canada. The
Company is presently active in five of the most prolific
unconventional shale resource plays in North America, namely the
Marcellus Shale, Utica Shale, Eagle Ford Shale, Pearsall Shale and
Williston Basin/Bakken Shale.  
For more information about Magnum Hunter, please visit
www.magnumhunterresources.com. 
Contact: 
Chris Benton
Assistant Vice President of Finance and Capital Markets
ir@magnumhunterresources.com
832-203-4539 
 
 
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