Revlon, Inc. Announces Regular Dividend on its Series A Preferred Stock
NEW YORK -- March 15, 2013
As previously disclosed, Revlon, Inc. (NYSE: REV) issued 9,336,905 shares of
SeriesA 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 SeriesA 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 October8,
January8, 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 SeriesA Preferred Stock, which Revlon filed with the SEC on October
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.
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.
Investor Relations & Media:
Elise Garofalo, 212-527-5264
Senior Vice President, Treasurer & Investor Relations
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