Gear Energy Ltd. Confirms Monthly Dividend for April of $0.005 per Share

Rhea-AI Summary

Gear Energy announces the payment of a $0.005 monthly dividend per common share on April 30, 2024, designated as an 'eligible dividend' for Canadian income tax purposes.

Calgary, Alberta--(Newsfile Corp. - April 1, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) confirms that the April 2024 monthly dividend of $0.005 per common share is to be paid on April 30, 2024, to shareholders of record on April 15, 2024.

The dividend is designated as an "eligible dividend" for Canadian income tax purposes.

FOR FURTHER INFORMATION PLEASE CONTACT:

Ingram Gillmore
President & CEO
403-538-8463

David Hwang
Vice President Finance & CFO
403-538-8437

Email: info@gearenergy.com
Website: www.gearenergy.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/203309

FAQ

What is the amount of the monthly dividend per common share announced by Gear Energy ?

Gear Energy has announced a $0.005 monthly dividend per common share.

When will the monthly dividend be paid by Gear Energy ?

The monthly dividend will be paid on April 30, 2024.

What is the tax designation of the dividend for Canadian income tax purposes?

The dividend is designated as an 'eligible dividend' for Canadian income tax purposes.

Who can shareholders contact for further information?

Shareholders can contact Ingram Gillmore, President & CEO, at 403-538-8463 or David Hwang, Vice President Finance & CFO, at 403-538-8437.