Exela Technologies Announces Dividend on Series B Preferred Stock
September 12 2022 - 8:30AM
Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP),
today announced that its Board of Directors has declared the
payment of a dividend on the Company's outstanding 6.00% Series B
Cumulative Perpetual Convertible Preferred Stock (“Series B
Preferred Stock”).
In accordance with the terms of the Series B Preferred Stock,
the Board of Directors declared a dividend of $0.375 per
share of Series B Preferred Stock for the quarter
ending September 30, 2022. This dividend is payable in
cash on September 30, 2022, to Series B Preferred stockholders
of record as of September 20, 2022.
About Exela TechnologiesExela
Technologies is a business process automation (BPA) leader,
leveraging a global footprint and proprietary technology to provide
digital transformation solutions enhancing quality, productivity,
and end-user experience. With decades of experience operating
mission-critical processes, Exela serves a growing roster of more
than 4,000 customers throughout 50 countries, including over 60% of
the Fortune® 100. Utilizing foundational technologies spanning
information management, workflow automation, and integrated
communications, Exela’s software and services include
multi-industry, departmental solution suites addressing finance and
accounting, human capital management, and legal management, as well
as industry-specific solutions for banking, healthcare, insurance,
and the public sector. Through cloud-enabled platforms, built on a
configurable stack of automation modules, and approximately 17,000
employees operating in 23 countries, Exela rapidly deploys
integrated technology and operations as an end-to-end digital
journey partner.
For more Exela news, commentary, and
industry perspectives,
visit: https://investors.exelatech.com/
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The information posted on the Company's website
and/or via its social media accounts may be deemed material to
investors. Accordingly, investors, media and others interested in
the Company should monitor the Company's website and its social
media accounts in addition to the Company's press releases, SEC
filings and public conference calls and webcasts.
Forward-Looking
StatementsCertain statements included in this press
release are not historical facts but are forward-looking statements
for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "may",
"should", "would", "plan", "intend", "anticipate", "believe",
"estimate", "predict", "potential", "seem", "seek", "continue",
"future", "will", "expect", "outlook" or other similar words,
phrases or expressions. These forward-looking statements include
statements regarding our industry, future events, estimated or
anticipated future results and benefits, future opportunities for
Exela, and other statements that are not historical facts. These
statements are based on the current expectations of Exela
management and are not predictions of actual performance. These
statements are subject to a number of risks and uncertainties,
including without limitation those discussed under the heading
"Risk Factors" in Exela's Annual Report and other securities
filings. In addition, forward-looking statements provide Exela's
expectations, plans or forecasts of future events and views as of
the date of this communication. Exela anticipates that subsequent
events and developments will cause Exela's assessments to change.
These forward-looking statements should not be relied upon as
representing Exela's assessments as of any date subsequent to the
date of this press release.
Investor and/or Media Contacts:
Vincent KondaveetiE:
vincent.kondaveeti@exelatech.com
Mary Beth BenjaminE:
IR@exelatech.com
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