Chesapeake Energy Corporation Suspends Quarterly Preferred Stock Dividends

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Apr 17, 2020, 16:15 ET

OKLAHOMA CITY, April 17, 2020 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) announced today that it has suspended payment of dividends on each series of its outstanding convertible preferred stock effective immediately. Suspension of the dividend does not constitute an event of default under any of the company's debt instruments.

Headquartered in Oklahoma City, Chesapeake Energy Corporation's (NYSE: CHK) operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States.