Magnum Hunter Resources MHR announced today that it has priced an underwritten public
offering of depositary shares ("Depositary Shares"), each
representing a 1/1,000th interest in a share of its 8% Series E
Cumulative Convertible Preferred Stock (with a liquidation preference
of $25,000 per share, which is equivalent to $25 per Depositary
Share) (the "Series E Preferred Stock"). The Company is offering
1,000,000 Depositary Shares at a public offering price of $23.50 per
share. In connection with the offering, UBS Investment Bank, MLV &
Co. LLC and Wunderlich Securities, Inc. have acted as joint book
running managers.
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