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Revlon, Inc. Announces Regular Dividend on its Series A Preferred Stock

^{Published on 2010-06-17 15:05:36 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--As previously disclosed, Revlon, Inc. (NYSE: REV) issued 9,336,905 shares of Series A Preferred Stock (CUSIP No. 761525 708) on October 8, 2009. Pursuant to the terms of the Certificate of Designation, each share of Series A Preferred Stock is entitled to receive, when and if declared by Revlon's Board of Directors out of legally available funds, cumulative preferential dividends at an annual rate of 12.75% of the $5.21 per share liquidation preference (the "Regular Dividends").

The Regular Dividends are payable quarterly in cash in arrears on October 8, January 8, April 8 and July 8 of each year, if declared. The full terms and conditions of the Series A Preferred Stock are set forth in the Certificate of Designation for the Series A Preferred Stock, which Revlon filed with the SEC on October 8, 2009.

Revlon today announced that its Board of Directors has declared this Regular Dividend of $0.165614 per share on the Series A Preferred Stock for the period from April 8, 2010 through and including July 8, 2010 (representing 91 days out of a 365-day year).

The Regular Dividend referred to in this press release is payable on July 8, 2010 to holders of record of the Series A Preferred Stock at the close of business on June 25, 2010.

About Revlon

Revlon is a global color cosmetics, hair color, beauty tools, fragrances, skincare, anti-perspirant / deodorants and beauty care products company whose vision is Glamour, Excitement and Innovation through High-quality Products at Affordable Prices. Revlon® is one of the strongest consumer brand franchises in the world. Revlona™s global brand portfolio includes Revlon® color cosmetics, Almay® color cosmetics, Revlon Colorsilk® hair color, Revlon® beauty tools, Charlie® fragrances, Mitchum® anti-perspirant / deodorants, and Ultima II® and Gatineau® skincare. Websites featuring current product and promotional information can be reached at [ www.revlon.com ], [ www.almay.com ] and [ www.mitchumman.com ]. Corporate and investor relations information can be accessed at [ www.revloninc.com ].