Pine Cliff Energy Ltd. Declares Monthly Dividend for December 31, 2024 and Extension of Increased Demand Loan
Pine Cliff Energy has announced a regular monthly dividend of $0.005 per common share, payable on December 31, 2024, to shareholders of record on December 16, 2024. These dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes.
The company has also extended its temporary increased demand loan facility with a Canadian chartered bank, maintaining it at $15.0 million until April 30, 2025. This extension modifies the previous arrangement that would have reduced the loan to $12.0 million on December 1, 2024.
Pine Cliff Energy ha annunciato un dividendo mensile regolare di $0,005 per azione ordinaria, che sarà pagato il 31 dicembre 2024, agli azionisti registrati il 16 dicembre 2024. Si prevede che questi dividendi siano designati come dividendi non idonei ai fini dell'imposta sul reddito canadese.
L'azienda ha inoltre esteso la sua linea di credito temporaneamente aumentata con una banca canadese, mantenendola a $15,0 milioni fino al 30 aprile 2025. Questa estensione modifica l'accordo precedente che avrebbe ridotto il prestito a $12,0 milioni il 1° dicembre 2024.
Pine Cliff Energy ha anunciado un dividendo mensual regular de $0.005 por acción ordinaria, que será pagado el 31 de diciembre de 2024, a los accionistas registrados el 16 de diciembre de 2024. Se espera que estos dividendos sean designados como dividendos no elegibles para fines fiscales en Canadá.
La empresa también ha ampliado su línea de préstamo aumentada temporalmente con un banco canadiense, manteniéndola en $15.0 millones hasta el 30 de abril de 2025. Esta extensión modifica el acuerdo anterior que habría reducido el préstamo a $12.0 millones el 1 de diciembre de 2024.
파인 클리프 에너지는 주식 1주당 $0.005의 정기 월배당금을 발표하였으며, 2024년 12월 31일에 배당금이 지급되고, 2024년 12월 16일 기준 주주에게 지급됩니다. 이 배당금은 캐나다 소득세 목적에 따라 비적격 배당금으로 분류될 것으로 예상됩니다.
회사는 또한 캐나다의 은행과 함께 임시로 증가된 대출 시설을 2025년 4월 30일까지 $15.0 백만으로 유지하기로 연장했습니다. 이 연장은 2024년 12월 1일에 대출 금액이 $12.0 백만으로 줄어들 것으로 예상되던 이전 합의를 수정합니다.
Pine Cliff Energy a annoncé un dividende mensuel régulier de 0,005 $ par action ordinaire, qui sera payable le 31 décembre 2024 aux actionnaires inscrits le 16 décembre 2024. Ces dividendes devraient être désignés comme des dividendes non admissibles aux fins de l'impôt canadien sur le revenu.
L'entreprise a également prolongé sa facilité de prêt temporaire augmentée auprès d'une banque canadienne, en maintenant celle-ci à 15,0 millions $ jusqu'au 30 avril 2025. Cette prolongation modifie l'accord précédent qui aurait réduit le prêt à 12,0 millions $ le 1er décembre 2024.
Pine Cliff Energy hat eine regelmäßige monatliche Dividende von 0,005 $ pro Stammaktie angekündigt, die am 31. Dezember 2024 an die Aktionäre ausgezahlt wird, die am 16. Dezember 2024 registriert sind. Diese Dividenden sollen voraussichtlich als nicht anrechenbare Dividenden für kanadische Einkommenssteuerzwecke ausgewiesen werden.
Das Unternehmen hat außerdem seine vorübergehend erhöhte Kreditlinie bei einer kanadischen Bank bis zum 30. April 2025 auf 15,0 Millionen $ verlängert. Diese Verlängerung ändert die vorherige Vereinbarung, die den Kredit am 1. Dezember 2024 auf 12,0 Millionen $ reduziert hätte.
- Maintained consistent monthly dividend distribution
- Successfully extended demand loan facility at $15.0 million instead of reducing to $12.0 million
- Secured additional $3.0 million in available credit facility until April 2025
- Low dividend amount of $0.005 per share indicates cash distribution to shareholders
- Need for continued elevated loan facility might suggest ongoing liquidity management challenges
Calgary, Alberta--(Newsfile Corp. - December 3, 2024) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of
On November 29, 2024, Pine Cliff extended a temporary increase in its demand loan with a Canadian chartered bank to
About Pine Cliff
Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on sedarplus.ca as well as on Pine Cliff's website at www.pinecliffenergy.com.
For further information, please contact:
Philip B. Hodge - President and CEO
Kristopher B. Zack -CFO and Corporate Secretary
Telephone: (403) 269-2289
Fax: (403) 265-7488
Email: info@pinecliffenergy.com
The TSX does not accept responsibility for the accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232400
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