Rexnord Declares Dividend on Mandatory Convertible Preferred Stock

Business Wire 21-Apr-2017 5:05 PM

MILWAUKEE--(BUSINESS WIRE)-- Rexnord Corporation (NYSE:RXN) today announced that its Board of Directors declared a quarterly dividend to holders of the 5.75% Series A Mandatory Convertible Preferred Stock of $14.375 per share, payable on May 15, 2017 to stockholders of record as of May 1, 2017.

About Rexnord

Headquartered inMilwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 8,000 employees worldwide. The Process & Motion Control platform designs, manufactures, markets and services specified, highly-engineered mechanical components used within complex systems. The Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation. Additional information about the Company can be found atwww.rexnord.com.

Forward-Looking Statements

Information in this release may involve outlook, expectations, beliefs, plans, intentions, strategies or other statements regarding the future, which are forward-looking statements. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available toRexnord Corporationas of the date of the release, andRexnord Corporationassumes no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance, and actual results could differ materially from current expectations. Numerous factors could cause or contribute to such differences. Please refer to Risk Factors and Cautionary Notice Regarding Forward-Looking Statements in the Companys Form 10-K for the fiscal year endedMarch 31, 2016as well as the Companys annual, quarterly and current reports filed on Forms 10-K, 10-Q and 8-K from time to time with theSECfor a further discussion of the factors and risks associated with the business.

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Rexnord Corporation Investor Contact: Rob McCarthy Vice President, Investor Relations414-223-1615orMedia Contact:Angela HersilDirector, Corporate Communications855-480-5050Corporate.Communications@Rexnord.com

Source: Rexnord Corporation