CNO Financial Group Declares Quarterly Dividend and Announces Conversion of
$25.7 Million of its 7.0% Convertible Senior Debentures due 2016
CARMEL, Ind., July 31, 2013
CARMEL, Ind., July 31, 2013 /PRNewswire/ --CNO Financial Group, Inc. (NYSE:
CNO) announced today that its board of directors has declared a quarterly cash
dividend of $0.03 per share on the Company's common shares.
The dividend will be payable September 24, 2013, to shareholders of record at
the close of business on September 10, 2013.
The Company also reported that as a result of the Company's previously
announced election to terminate the conversion right of its 7.0% Convertible
Senior Debentures due 2016, holders of $25.7 million principal amount of the
Debentures exercised their conversion right in July and will receive
approximately 4.7 million shares of our common stock. The conversion rate was
equal to 184.3127 shares of common stock per $1,000 principal amount of
Debentures converted. The remaining principal amount outstanding of the
Debentures is $3.5 million. The conversion right terminated at the close of
business on July 30, 2013.
CNO is a holding company. Our insurance subsidiaries – principally Bankers
Life and Casualty Company, Washington National Insurance Company and Colonial
Penn Life Insurance Company – serve pre-retiree and retired Americans by
helping them protect against financial adversity and provide for a more secure
retirement. For more information, visit CNO online at www.CNOinc.com.
SOURCE CNO Financial Group, Inc.
Contact: News Media: Barbara Ciesemier, +1.312.396.7461; Investors: Erik
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