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Cimarex Energy Co. 8 1/8% Ser A Cumul Perpetual Convertible Preferred Stock
Ticker Symbol: CIMXP     CUSIP: 171798200     Exchange: OTOTC
* NOTE: This security has been delisted at the request of the issuer and is no longer trading
but to our knowledge is still paying distributions to holders.
The security may start trading on the Other OTC market but to date it has not (to our knowledge).

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Cimarex Energy Co., 8 1/8% Series A Cumulative Perpetual Convertible Preferred Stock liquidation preference $1000 per share, not redeemable at the issuer's option at any time.

Cumulative distributions of 8.125% per annum ($81.25 per annum or $20.3125 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on 1/1, 4/1, 7/1 & 10/1 (NOTE: the ex-dividend date is one business day prior to the record date).

The preferred shares are convertible any time at the holder’s option into 8.0421 shares of Cimarex Energy Co.(NYSE: XEC) common stock plus a cash consideration rate (see Prospectus for further information). The preferred shares are convertible any time at the holder’s option into (i) the Cash Consideration, to the fullest extent permitted by law, and (ii) 34.10078 shares of fully paid and nonassessable shares of Coterra Common Stock, subject to adjustment.

On or after 10/15/2021, if the Closing Sale Price of the Common Stock as adjusted to add thereto the Cash Consideration Factor equals or exceeds 150% of the Conversion Price for 20 of any 30 consecutive trading days, the company may, at their option, cause the preferred shares to be converted into common shares at the then prevailing conversion price. Upon the occurance of a Fundamental Change of control the company may cause a Manditory Conversion of the preferred shares into common stock at the conversion rate plus a make-whole amount (see prospectus for more details). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Conv Shrs
Conv Price
Distribution Dates 15%
Tax Rate
Delisted
8.13%
$81.25
$1,000.00
n.a.
Not Redeemable
None
NR NR
6/28/2022
34.10078
n.a.
1/15, 4/15, 7/15 & 10/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (CTRA)

Notes:  September 29, 2021 -- Terms of the Series A Preferred Amended after the merger with Cabot Oil & Gas Corporation and Cimarex Energy Co.

October 1, 2021 -- Cimarex Energy Co. (“Cimarex”) completed its previously announced merger involving Cabot Oil & Gas Corporation (“Cabot”), pursuant to the Agreement and Plan of Merger, dated as of May 23, 2021, as amended on June 29, 2021 (the “Merger Agreement”), among Cabot, Double C Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Cabot (“Merger Sub”), and Cimarex. Upon the terms and subject to the conditions of the Merger Agreement, on October 1, 2021, at the effective time of the Merger (the “Effective Time”), Merger Sub merged with and into Cimarex (the “Merger”), with Cimarex continuing as the surviving corporation in the Merger as a subsidiary of Cabot. Each share of Cimarex’s 8.125% Series A Cumulative Perpetual Convertible Preferred Stock (“Cimarex Preferred Stock”) issued and outstanding immediately prior to the Effective Time remained outstanding following the Merger.

   Link to IPO Prospectus
Market Value $62.5 Million

Company's Online Information Links
HOME PAGE:     https://coterra.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address IR@coterra.com
Email Contact Form on Website Go to Email Form

Address and Phone Numbers
Address:   Three Memorial City Plaza, 840 Gessner Road, Suite 1400, Houston, TX 77024
Main Phone Number 281-589-4600
Fax Number Not Available
Investor Relations   Matt Kerin 303-295-3995
CEO - Thomas E. Jorden CFO - Scott C. Schroeder

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