Jones Energy Inc.

Jones Energy Inc. said on May 14 that the previously declared contingent dividend payment on the company's 8% Series A Perpetual Convertible Preferred Stock will not be paid. The foregone dividend is for the period beginning on the last payment date of February 15, 2018 through May 14, 2018, payable to holders of Preferred Stock of record as of May 1, 2018. In order for the company to pay the dividend in full in shares of Class A common stock, the average of the daily volume weighted average price per share of Class A common stock for each day during the five consecutive day trading period ending today, May 14, 2018, must be at or above $0.76.