Pine Cliff Energy Ltd. Declares Monthly Dividend for July 31, 2024

Rhea-AI Summary

Pine Cliff Energy (TSX: PNE, OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share. Shareholders on record by July 15, 2024, will receive the dividend on July 31, 2024.

This dividend, along with future ones, is classified as non-eligible for Canadian income tax purposes.

Positive

• Monthly dividend payment ensures regular income for shareholders.
• Maintaining consistent dividend payments indicates company stability.

Negative

• Dividends are non-eligible for Canadian income tax purposes, potentially reducing the tax benefits for shareholders.

Calgary, Alberta--(Newsfile Corp. - July 3, 2024) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.005 per common share to be paid July 31, 2024, to shareholders of record on July 15, 2024. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice.

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/215374

FAQ

What is the dividend amount declared by Pine Cliff Energy (PIFYF) for July 31, 2024?

Pine Cliff Energy declared a monthly dividend of $0.005 per common share to be paid on July 31, 2024.

When is the record date for Pine Cliff Energy's (PIFYF) July 2024 dividend?

The record date for Pine Cliff Energy's July 2024 dividend is July 15, 2024.

Are the dividends declared by Pine Cliff Energy (PIFYF) eligible for Canadian income tax purposes?

No, the dividends declared by Pine Cliff Energy are non-eligible for Canadian income tax purposes.

When will Pine Cliff Energy (PIFYF) pay the declared dividend for July 2024?

Pine Cliff Energy will pay the declared dividend for July 2024 on July 31, 2024.