Halcón Resources (HK) Suspends Conv Preferred Stock Dividend

Halcón Resources Corporation (NYSE: HK) today announced that its Board of Directors has suspended the payment of regular quarterly dividends on shares of its 5.75% Series A Cumulative Perpetual Convertible Preferred Stock.

This action will preserve liquidity and minimize dilution during this period of extraordinarily weak market conditions. Halcón’s Board of Directors intends to reassess the dividend policy on an ongoing basis.

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