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Foresight Energy pays cash dividend to unit holders, lowers warrant price

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Foresight Energy pays cash dividend to unit holders, lowers warrant price

Foresight Energy LP notified holders of warrants that it paid a cash dividend to common unit holders of 5.65 cents per unit, which resulted in a decrease in the exercise price of each warrant.

The exercise price for the warrants is now 83.94 cents, down from 85.31 cents, and the number of common units issuable once the warrants are exercised has been increased to 13.6, from 13.4, according to a June 1 SEC filing.

The coal producer posted a net loss of $21.6 million, or 12 cents per unit, in the first quarter, compared with a loss of $111.2 million, or 85 cents per unit, in the year-ago period.