CHICAGO -- (Business Wire)
Morton's Restaurant Group, Inc. (NYSE: MRT) (the "Company") announced
today that it completed the redemption of all of its issued and
outstanding shares of Series A Convertible Preferred Stock (the
"Preferred Stock"). The redemption price was $5.00 per share of
Preferred Stock. On January 20, 2012, the Company deposited $6,000,000
with the redemption agent, American Stock Transfer and Trust Company,
LLC, for the redemption of the 1,200,000 shares of Preferred Stock
outstanding on the January 23, 2012 redemption date, and such funds have
been made available to the holders of the Preferred Stock. From the
redemption date forward, holders of the Preferred Stock will have no
rights as holders of such shares other than the right to receive the
$5.00 per share redemption price.
Holders of Preferred Stock whose shares are held through a broker (in
"street name"), should contact their broker for information about
receiving payment for their shares of Preferred Stock.
About the Company
Morton’s Restaurant Group, Inc. is the world’s largest operator of
company-owned upscale steakhouses. Morton’s steakhouses have remained
true to our founders’ original vision of combining generous portions of
high quality food prepared to exacting standards with exceptional
service in an enjoyable dining environment. As of January 23, 2012, the
Company owned and operated 77 Morton’s steakhouses located in 64 cities
across 26 states, Puerto Rico and six international locations (Hong
Kong, Macau, Shanghai, Mexico City, Singapore and Toronto), as well as
Trevi, our Italian restaurant, which is located next to the ‘Fountain of
the Gods’ at The Forum Shops at Caesars Palace in Las Vegas, NV. Please
visit the Morton’s website at www.mortons.com.
Ronald M. DiNella
Senior Vice President, Chief Financial Officer
Morton’s Restaurant Group, Inc.
Source: Morton's Restaurant Group, Inc.
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