The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Filing Services Canada

Molycorp Declares Preferred Dividend

Tuesday, February 05, 2013

Molycorp Declares Preferred Dividend07:00 EST Tuesday, February 05, 2013FSC / Press ReleaseMolycorp Declares Preferred DividendGreenwood Village, CO, February 05, 2013 /FSC/ - 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 March 1, 2013 to the holders of record of shares of Series A mandatory convertible preferred stock at the close of business on February 15, 2013. As of February 5, 2013, there were a total of 2,070,000 shares of Series A mandatory convertible preferred stock outstanding.For More Information:Jim Sims, +1 (303) 843-8062 Vice President Corporate Communications Jim.Sims@Molycorp.comorBrian Blackman, +1 (303) 843-8067 Senior Manager, Investor RelationsBrian.Blackman@Molycorp.comABOUT MOLYCORP, INC.One of the world's leading manufacturers of custom engineered rare earth and rare metal products, Molycorp is vertically integrated from its world-class rare earth resource to its advanced downstream processing facilities. With 26 locations across 11 countries, the Company also 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 Intermetallics Japan joint venture with Daido Steel and the Mitsubishi Corporation, Molycorp manufactures next-generation, sintered NdFeB permanent rare earth magnets. Through its Molycorp Advanced Water Technologies subsidiary, the Company markets and sells its proprietary, cerium-based advanced water purification technology called SorbX(tm) for use in municipal and industrial wastewater treatment, recreational water, and pool and spa water treatment markets. For more information please visit www.molycorp.com.To view this release as a web page, please click on the following link:http://www.usetdas.com/pr/molycorp02052013.htmMaximum News Dissemination by FSCwire. http://www.fscwire.com