BRIEF-Bonanza Creek Energy Adopts Tax Benefits Preservation Plan Designed To Protect The Availability Of Its Tax Benefits

Reuters

2020-11-09

Nov 9 (Reuters) - Bonanza Creek Energy Inc :

* BONANZA CREEK ENERGY ADOPTS TAX BENEFITS PRESERVATION PLAN DESIGNED TO PROTECT THE AVAILABILITY OF ITS TAX BENEFITS

* BONANZA CREEK ENERGY INC - AS OF DECEMBER 31, 2019, COMPANY HAD ESTIMATED U.S. FEDERAL NOLS OF APPROXIMATELY $582.8 MILLION.

* BONANZA CREEK ENERGY INC - BOARD DECLARED A DIVIDEND OF 1 PREFERRED SHARE PURCHASE RIGHT FOR EACH OUTSTANDING SHARE

* BONANZA CREEK ENERGY INC - RIGHTS WILL BE EXERCISABLE IF A PERSON OR GROUP OF PERSONS ACQUIRES 4.95% OR MORE OF COMPANY'S OUTSTANDING COMMON STOCK

* BONANZA CREEK ENERGY INC - RIGHTS WILL TRADE WITH COMPANY'S COMMON STOCK AND WILL EXPIRE AT CLOSE OF BUSINESS ON NOVEMBER 9, 2023

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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