HOUSTON, Sept. 06, 2016 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE MKT:EPM) today declared a
monthly cash dividend on its perpetual non-convertible 8.5% Series A Cumulative Preferred Stock. The dividend is for the month of
September 2016 and is payable on September 30, 2016 to holders of record at the close of business on September 16, 2016. The
payment will be 1/12th of the 8.5% annualized amount, or approximately $0.177083 per share, based on the $25.00 per
share liquidation preference.
Expected Tax Treatment
Based on our current projections for the fiscal year ending June 30, 2017, we expect preferred stock dividends
will be treated as qualified dividend for income tax purposes.
The Series A Preferred Stock is listed on the NYSE MKT under the ticker symbol “EPM.PRA.”
About Evolution Petroleum
Evolution Petroleum Corporation develops petroleum reserves and shareholder value by applying conventional and
specialized technology to known oil and gas resources, onshore in the United States. Our principal asset is our interest in a
CO2-EOR project in Louisiana's Delhi Field. Additional information, including the Company's annual report on Form 10-K
and its quarterly reports on Form 10-Q, is available on its website at www.evolutionpetroleum.com.
Cautionary Statement
All statements contained in this press release regarding potential results and future plans and objectives of
the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such
statements. The Company undertakes no obligation to update or review any forward-looking statement, whether as a result of new
information, future events, or otherwise. Important factors that could cause actual results to differ materially from our
expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in
our documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
Statements regarding our ability to complete transactions, successfully apply technology applications in the re-development of oil
and gas fields, realize future production volumes, realize success in our drilling and development activity and forecasts of legal
claims, prices, future revenues, income, cash flows, dividends and other comments that are not historical facts contain
predictions, estimates and other forward-looking statements. Although the Company believes that its expectations are based on
reasonable assumptions, it can give no assurance that its goals will be achieved and these statements will prove to be accurate.
Many factors could cause actual results to differ materially from those included in the forward-looking statements.
Company Contact: Randy Keys, President & CEO (713) 935-0122 rkeys@evolutionpetroleum.com
