Gastar Exploration Inc (Preferred) fka GSPAQ

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Gastar Exploration Inc. Declares March Cash Dividend on 8.625% Series A Preferred Stock and 10.75% Series B Preferred Stock a...

HOUSTON, March 10, 2016 /PRNewswire/ -- Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar") announced today that it has declared monthly cash dividends on its 8.625% Series A Preferred Stock ("Series A Preferred Stock") and its 10.75% Series B Preferred Stock ("Series B Preferred Stock") for March 2016.

The dividend on the Series A Preferred Stock is payable on March 31, 2016 to holders of record at the close of business on March 21, 2016. The March 2016 dividend payment will be an annualized 8.625% per share, which is equivalent to $0.179688 per share, based on the $25.00 per share liquidation preference of the Series A Preferred Stock. The Series A Preferred Stock is currently listed on the NYSE MKT and trades under the ticker symbol "GST.PRA."

The dividend on the Series B Preferred Stock is payable on March 31, 2016 to holders of record at the close of business on March 21, 2016. The March 2016 dividend payment will be an annualized 10.75% per share, which is equivalent to $0.223958 per share, based on the $25.00 per share liquidation preference of the Series B Preferred Stock. The Series B Preferred Stock is currently listed on the NYSE MKT and trades under the ticker symbol "GST.PRB."

Effective March 9, 2016, our Revolving Credit Facility prohibits the payment of cash dividends on our preferred equity commencing April 2016. Dividends on the Series A and Series B Preferred Stock will accumulate regardless of whether any such dividends are declared.

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Marker:
GST.PA
$8.90 +.40 (4.70%)
Volume: 26,464