SandRidge Energy (SDOC) to Suspend Preferred Stock Dividend

SandRidge Energy, Inc. (OTC: SDOC) today announced that its Board of Directors has decided to suspend payment of the $4.25 per share semi-annual dividend on shares of its 8.5% Convertible Perpetual Preferred Stock.

The dividend suspension follows the prior suspension of dividend payments on shares of the Company's 7.0% Convertible Perpetual Preferred Stock announced on September 28, 2015 and reflects the Company's continued focus on preservation of liquidity, prudent capital allocation and support of long-term enterprise value.

The Company has 2,650,000 shares of 8.5% Convertible Perpetual Preferred Stock outstanding and will continue to re-evaluate the dividend payment policy on a semi-annual basis.

The suspension of its dividend does not affect the Company's business operations and does not cause an event of default under any of its debt agreements.

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