GreenHunter Energy, Inc. (NYSE MKT: GRH), (the “Company”)
announced today that it has declared a monthly cash dividend on the
Company’s 10.0% Series C Cumulative Perpetual Preferred Stock (“Series C
Preferred Stock”).
The dividend on the Series C Preferred Stock, which is for the month of
August 2012, is payable on August 31, 2012, to holders of record at the
close of business on August 20, 2012. The payment will be 10.0%
annualized per share, which is equivalent to approximately $0.208 per
share, based on the $25.00 per share liquidation preference of the
Series C Preferred Stock.
About GreenHunter Energy, Inc.
GreenHunter Energy, Inc. is a diversified renewable energy company
predominately focused on water resource management in the unconventional
oil and natural gas shale resource plays. Through its wholly owned
subsidiary, GreenHunter Water, LLC, the Company provides Total
Water Management Solutions™ in the oilfield. An understanding that
there is no single solution to E&P fluids management shapes
GreenHunter’s technology-agnostic approach to services. In addition to
licensing of and joint ventures with manufacturers of mobile water
treatment systems (Frac-CycleTM),
GreenHunter Water is expanding capacity of salt water disposal
facilities, next-generation modular above-ground storage tanks (MAG
Tank™), advanced hauling and fresh water logistics
services—including 21st Century tracking technologies (RAMCATTM)
that allow Shale producers to optimize the efficiency of their water
resource management and planning while complying with emerging
regulations and reducing cost.
Additional information about GreenHunter Water may be found at www.GreenHunterWater.com
Forward-Looking Statements
Any statements in this press release about future expectations and
prospects for GreenHunter Energy and its business and other statements
containing the words "believes," "anticipates," "plans," "expects,"
"will" and similar expressions constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. Actual results may differ materially from those indicated by such
forward-looking statements as a result of various important factors,
including the substantial capital expenditures required to fund its
operations, the ability of the Company to implement its business plan,
government regulation and competition. GreenHunter Energy undertakes no
obligation to update these forward-looking statements in the future.
