TransAtlantic Petroleum Announces the Payment of Dividends on its Series A Preferred Shares in Common Shares
TRANSATLANTIC PETROLEUM (TAT)
NASDAQ:AMEX Investor Relations:
transatlanticpetroleum.com
Company Research
Source: GlobeNewswire
HAMILTON, Bermuda, Nov. 25, 2019 (GLOBE NEWSWIRE) -- TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced that it has elected to pay the upcoming quarterly dividends on its 12.0% Series A Convertible Redeemable Preferred Shares (“Series A Preferred Shares”) in its Common Shares, par value $0.10 per share (“Common Shares”), as permitted by the certificate of designation for the Series A Preferred Shares, in order to preserve cash for its drilling program in late 2019 and 2020. The upcoming quarterly dividends are payable on December 31, 2019 to holders of record on December 15, 2019. The Common Shares issued as dividends on the Series A Preferred Shares will be listed on the NYSE American and the Toronto Stock Exchange. About TransAtlantic The Company is an international oil and natural gas company engaged in the acquisition, exploration, development, and production of oil and natural gas. The Company holds interests in dev
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