Interpublic Declares Dividend on Series A and Series B Preferred Stock
NEW YORK--(BUSINESS WIRE)--Nov. 28, 2006--The Board of Directors of The Interpublic Group of Companies, Inc. (NYSE: IPG) has declared a dividend of $0.671875 per share on its 5 3/8% Series A Mandatory Convertible Preferred Stock and a dividend of $13.125 per share on its 5 1/4% Series B Cumulative Convertible Perpetual Preferred Stock. The dividend on the Series A Preferred Stock is payable in cash on December 15, 2006 to holders of record at the close of business on December 1, 2006. There will be a maximum of 7,475,000 shares of the Series A Preferred Stock outstanding on December 1, 2006, resulting in a maximum possible aggregate dividend of $5,022,266. The dividend on the Series B Preferred Stock is payable in cash on January 16, 2007 to holders of record at the close of business on January 2, 2007. There will be a maximum of 525,000 shares of the Series B Preferred Stock outstanding on January 2, 2007, resulting in a maximum possible aggregate dividend of $6,890,625.
Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies. Major global brands include DraftFCB Group, FutureBrand, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe Worldwide, MAGNA Global, McCann Erickson, Momentum, MRM, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Carmichael Lynch, Deutsch, Hill Holliday, Mullen and The Martin Agency.
Philippe Krakowsky, 212-704-1328
Jerry Leshne, 212-704-1439
SOURCE: The Interpublic Group of Companies, Inc.