Pine Cliff Energy Ltd. Declares Monthly Dividend for June 28, 2024

Rhea-AI Summary

Pine Cliff Energy (TSX: PNE, OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share, payable on June 28, 2024, to shareholders on record as of June 14, 2024. The dividends are designated as non-eligible for Canadian income tax purposes until further notice. This announcement maintains the company's commitment to providing consistent returns to its shareholders.

Positive

• Regular monthly dividend declared, indicating consistent shareholder returns.
• Dividend of $0.005 per common share ensures steady income for investors.
• Dividend payments set for June 28, 2024, providing a specific timeline for shareholders.
• Commitment to non-eligible dividends for Canadian tax purposes ensures tax clarity.

Negative

• Non-eligible dividends may result in higher tax liabilities for Canadian shareholders.

Calgary, Alberta--(Newsfile Corp. - June 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 June 28, 2024, to shareholders of record on June 14, 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/211538

FAQ

What is the dividend amount declared by Pine Cliff Energy for June 2024?

Pine Cliff Energy declared a dividend of $0.005 per common share for June 2024.

When is the record date for Pine Cliff Energy 's June 2024 dividend?

The record date for Pine Cliff Energy 's June 2024 dividend is June 14, 2024.

When will Pine Cliff Energy pay the June 2024 dividend?

Pine Cliff Energy will pay the June 2024 dividend on June 28, 2024.

What is the tax designation of Pine Cliff Energy 's dividends?

Pine Cliff Energy 's dividends are designated as non-eligible for Canadian income tax purposes.