IRVING, Texas, June 10, 2022 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), today announced that its Board of Directors has declared the payment of a dividend on the outstanding amount of the company 6.00% Series B Cumulative Perpetual Convertible Preferred Shares (“Series B Preferred Shares”).
Pursuant to the terms of the Series B Preferred Shares, the Board of Directors declared a dividend of $0.46 per Series B Preferred Share for the quarter ending June 30, 2022 and including the 20 days in March 2022 when the shares Series B Preferred Stock was first issued. This dividend is payable in cash on June 30, 2022 to Series B Preferred Shareholders of record as of June 20, 2022.
About Exela Technologies
Exela Technologies is a leader in business process automation (BPA), leveraging a global footprint and proprietary technology to deliver digital transformation solutions that improve quality, productivity and user experience final. With decades of experience operating mission-critical processes, Exela serves a growing list of more than 4,000 customers in 50 countries, including more than 60% of the Fortune® 100. Using core technologies spanning information management , workflow automation and integrated communications, Exela’s software and services include multi-industry and 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. With cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 17,000 employees operating in 23 countries, Exela is rapidly deploying integrated technology and operations as an end-to-end digital travel partner.
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Certain 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 are generally accompanied by words such as ” may”, “should”, “would”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “seem”, “seek”, “continue”, “future”, “will”, “expect”, “prospect” or other similar words, phrases or expressions. These forward-looking statements include statements about our industry, future events, estimated or expected 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’s management and do not constitute forecasts of actual performance. These statements are subject to a number of risks and uncertainties, including, without limitation, those discussed under “Risk Factors” in Exela’s Annual Report and other securities filings. movables. In addition, forward-looking statements provide Exela’s expectations, plans or forecasts regarding future events and beliefs as of the date of such communication. Exela anticipates that subsequent events and developments will cause Exela’s ratings 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.
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Mary Beth Benjamin
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