PreferredStockChannel
EnerJex Resources Inc | 10% Series A Cumulative Redeemable Perpetual Preferred Stock (ENRJ.PR)

Prospectus excerpt:  We are offering 555,789 shares of our 10% Series A Cumulative Redeemable Perpetual Preferred Stock, which we refer to as the Series A preferred stock.

Dividends on the Series A preferred stock are cumulative from the date of original issue and will be payable on the last day of each calendar month commencing July 31, 2014 when, as and if declared by our board of directors. Dividends will be payable out of amounts legally available therefor at an initial rate equal to 10% per annum per $25.00 of stated liquidation preference per share, or $2.50 per share of Series A preferred stock per year.

Commencing on June 16, 2017, we may redeem, at our option, the Series A preferred stock, in whole or in part, at a cash redemption price of $25.00 per share, plus any accrued and unpaid dividends to, but not including, the redemption date. The Series A preferred stock has no stated maturity, will not be subject to any sinking fund or other mandatory redemption, and will not be convertible into or exchangeable for any of our other securities.

Full Prospectus PDF », ENRJ Page »

Series:A
Alternate symbology:ENRJ-, ENRJ-P, ENRJpr
Redeemable?:Yes
Call Date:6/16/2017 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:555,789
Overallotment:83,368
Liquidation Preference:$25
Original Coupon:10.00%
Pay Period:Monthly
CDx3 Compliance Rating: Learn ENRJ.PR's Rating
EnerJex Resources is an independent energy company engaged in the business of producing and selling crude oil and natural gas. The crude oil and natural gas is obtained by the acquisition and exploration and development of mineral leases. Development and exploration may include drilling new exploratory or development wells. These operations are conducted in Kansas, Colorado, Nebraska and Texas. As of Dec 31 2016, Co.'s total net proved oil and gas reserves were 1.6 million barrels of oil equivalents, of which 64.1% was natural gas. Of the total proved reserves, about 12.2% are proved developed producing, about 42.3% are proved developed non-producing, and about 45.5% are proved undeveloped.

Preferred: ENRJP


Open the ENRJ Information Page »
Name: 
EnerJex Resources Inc
Website: 
www.enerjex.com
Sector: 
Oil & Gas Exploration & Production

Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

EnerJex Resources Inc | 10% Series A Cumulative Redeemable Perpetual Preferred Stock (ENRJ.PR) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com

Copyright © 2010 - 2024, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.