Ms. Tabitha Bailey reports
TRANSATLANTIC PETROLEUM ANNOUNCES THE PAYMENT OF THE UPCOMING DIVIDEND ON ITS SERIES A PREFERRED SHARES IN COMMON SHARES
TransAtlantic Petroleum Ltd. has elected to pay the upcoming quarterly dividend on its 12.0 per cent Series A convertible redeemable preferred shares in its common shares, at a par value of 10 cents per share, as permitted by the certificate of designations for the Series A preferred shares, in order to preserve cash. The upcoming quarterly dividend is payable to holders of record on the date that is 15 business days following the filing of the company's quarterly report on Form 10-Q for the three months ended March 31, 2020. The dividend will be paid 15 business days following the dividend record date. The common shares issued as dividends on the Series A preferred shares will be listed on the NYSE American and the Toronto Stock Exchange.
About TransAtlantic Petroleum Ltd.
The company is an international oil and natural gas company engaged in the acquisition, exploration, development and production of oil and natural gas. The company holds interests in developed and undeveloped properties in Turkey and Bulgaria.
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