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Rex Energy Declares Dividend on Series A Preferred Depository Shares

STATE COLLEGE, Pa., Oct. 20, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today announced that the Board of Directors of Rex Energy Corporation has declared a quarterly cash dividend of $145.00 per share on its 6.0% Series A convertible perpetual preferred stock, which is the dividend payable from the original issue date of August 18, 2014 through November 14, 2014. As a result, on November 15, a dividend of $1.45 per depository share, each representing a 1/100th interest in a share of Series A convertible perpetual preferred stock will be paid to holders of record at the close of business on November 1, 2014.

Forward-Looking Statements

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Forward-looking statements are based on current beliefs and expectations and involve certain assumptions or estimates that involve various risks and uncertainties, such as financial market conditions, changes in commodities prices and the other risks discussed in detail in the Company's Annual Report on Form 10-K for the year ended December 31, 2013 and other subsequent filings with the Securities and Exchange Commission. Readers should not place undue reliance on any such forward-looking statements, which are made only as of the date hereof. Rex Energy has no duty, and assumes no obligation, to update forward-looking statements as a result of new information, future events or changes in the Company's expectations.

About Rex Energy Corporation

Rex Energy is headquartered in State College, Pennsylvania and is an independent oil and gas exploration and production company operating in the Appalachian and Illinois Basins within the United States. The company's strategy is to pursue its higher potential exploration drilling prospects while acquiring oil and natural gas properties complementary to its portfolio.

CONTACT: Mark Aydin Manager, Investor Relations (814) 278-7249 maydin@rexenergycorp.com

Source:Rex Energy Corporation