Berry Petroleum Company (NYSE:BRY) today announced that effective January 1, 2010 it would offer its shareholders the ability to participate in a dividend reinvestment and stock purchase plan (Plan). The Plan will provide existing shareholders the option to reinvest dividends and purchase shares of Berry Petroleum Class A Common Stock, and will also provide new investors an opportunity to make an initial direct investment in Berry Petroleum Class A Common Stock. Shares issued under the Plan may be newly issued shares, treasury shares, or shares purchased in the open market or private transactions. The Plan will be administered by The Bank of New York Mellon, the Company’s transfer agent. Shareholders and others may obtain a Plan prospectus, an enrollment form and other information about the Plan by contacting BNY Mellon Shareowner services at (866) 258-7139 or at the transfer agent’s web site at www.bnymellon.com/shareowner/isd.
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.
About Berry Petroleum Company
Berry Petroleum Company is a publicly traded independent oil and gas production and exploitation company with operations in California, Utah, Colorado and Texas.
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Any statements in this news release that are not historical facts are forward-looking statements that involve risks and uncertainties. Words such as "expected," "project," and forms of those words and others indicate forward-looking statements. Important factors which could affect actual results are discussed in PART 1, Item 1A. Risk Factors of Berry's 2008 Form 10-K filed with the Securities and Exchange Commission on February 25, 2009 under the heading "Other Factors Affecting the Company's Business and Financial Results,” and updated in the Company’s Form 10-Q filings subsequent to that date.