Molycorp (NYSE: MCP) Declares Preferred Dividend
(Thomson Reuters ONE) -
GREENWOOD VILLAGE, Colo. (November 5, 2013) - Molycorp, Inc. (NYSE: MCP) today
announced that its Board of Directors has elected to declare a cash dividend on
outstanding shares of its 5.50% Series A mandatory convertible preferred stock
in an amount equal to $1.375 per share. Molycorp will pay the dividend on
December 1, 2013 to the holders of record of shares of Series A mandatory
convertible preferred stock at the close of business on November 15, 2013. As of
November 1, 2013, there were a total of 2,070,000 shares of Series A mandatory
convertible preferred stock outstanding.
# # #
Source: Molycorp, Inc. ($MCP)
For more information:
Jim Sims, +1 (303) 843-8062
Vice President, Corporate Communications
Jim.Sims(at)Molycorp.com
Brian Blackman, +1 (303) 843-8067
Vice President, Investor Relations
Brian.Blackman(at)Molycorp.com
About Molycorp, Inc.
Molycorp is the only advanced material manufacturer in the world that both
controls a world-class rare earth resource and can produce high-purity, custom
engineered rare earth products to meet increasingly demanding customer
specifications. A globally integrated manufacturer, the Company produces a wide
variety of specialized products from 13 different rare earths (lights and
heavies), five rare metals (gallium, indium, rhenium, tantalum and niobium), and
the transition metals yttrium and zirconium. With 27 locations across 11
countries, Molycorp produces rare earth magnetic materials through its Molycorp
Magnequench subsidiary, including neodymium-iron-boron (NdFeB) magnet powders,
used to manufacture bonded NdFeB permanent rare earth magnets. Through its joint
venture with Daido Steel and the Mitsubishi Corporation, Molycorp manufactures
next-generation, sintered NdFeB permanent rare earth magnets. The Company also
markets and sells a line of rare earth-based water treatment products through
its Molycorp Advanced Water Technologies subsidiary. For more information please
visit www.molycorp.com.
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Copyright © 2013 Molycorp, Inc., All rights reserved.
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originality of the information contained therein.
Source: Molycorp, Inc. via Thomson Reuters ONE
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Datum: 05.11.2013 - 22:01 Uhr
Sprache: Deutsch
News-ID 313153
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