/C O R R E C T I O N -- PNM Resources, Inc./

In the news release, PNM Declares Preferred Dividend, issued 07-Dec-2017 by PNM Resources, Inc. over PR Newswire, we are advised by the company that the first paragraph, last sentence, should read, "The preferred stock dividend is payable January 15, 2018, to shareholders of record at the close of business January 3, 2018, rather than, "The preferred stock dividend is payable January 15, 2018, to shareholders of record at the close of business January 2, 2018.", as originally issued inadvertently. The complete, corrected release follows:

ALBUQUERQUE, N.M., Dec. 7, 2017 /PRNewswire/ -- The Board of Directors of PNM, a subsidiary of PNM Resources (NYSE: PNM), has declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable January 15, 2018, to shareholders of record at the close of business January 3, 2018.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2016 consolidated operating revenues of $1.4 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,791 megawatts of generation capacity and provides electricity to more than 767,000 homes and businesses in New Mexico and Texas. For more information, visit the company's website at www.PNMResources.com.

View original content with multimedia:http://www.prnewswire.com/news-releases/pnm-declares-preferred-dividend-300568598.html

SOURCE PNM Resources, Inc.