RE Royalties Declares 2022 Fourth Quarter Shareholders Dividend Payment

Rhea-AI Summary

RE Royalties Ltd (TSXV:RE)(OTCQX:RROYF) has declared a cash dividend of $0.01 per common share for Q4 2022, payable on February 22, 2023, to shareholders recorded by February 1, 2023. The total dividend for the 2022 fiscal year is $0.04 per share. CEO Bernard Tan highlighted over $20 million in investments made in fiscal 2022, indicating ongoing revenue growth. The company continues to explore new transactions, aiming for sustained growth in upcoming quarters.

Positive

• Declared $0.01 dividend per share for Q4 2022, with $0.04 for the fiscal year.
• Over $20 million in new investments made during 2022.
• Continued growth in revenues and income expected due to ongoing due diligence on potential transactions.

Negative

• None.

All amounts in Canadian dollars unless otherwise stated

VANCOUVER, BC / ACCESSWIRE / January 11, 2023 / RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) ("RE Royalties" or the "Company") is pleased to announce that the Board of Directors of the Company has declared a cash distribution of $0.01 per issued and outstanding common share for the quarter ending December 31, 2022.

The distribution is payable on February 22, 2023, to shareholders of record on February 1, 2023. The distribution is designated by the Company to be a dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation. The cumulative amount of dividends declared for the 2022 fiscal year has been $0.04 per common share.

Bernard Tan, CEO of the Company, commented, "With over $20 million in new investments made in fiscal 2022, we have continued to grow our revenues and income each quarter and we are pleased to provide our shareholders with another dividend. With new potential transactions currently under due diligence, we expect our revenues and income to continue growing in the coming quarters."

On Behalf of the Board of Directors,

Bernard Tan
CEO

About RE Royalties Ltd.

RE Royalties Ltd. acquires revenue-based royalties over renewable energy facilities and technologies by providing non-dilutive financing solutions to privately held and publicly traded companies in the renewable energy sector. RE Royalties is the first to apply this proven business model to the renewable energy sector. The Company currently owns over 100 royalties on solar, wind, hydro, battery storage, energy efficiency and renewable natural gas projects in North America, Mexico, and Europe. The Company's business objectives are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through re-investment and a sustainable investment focus.

For further information, please contact:

Investor and Media Contact:

RE Royalties Ltd.
Talia Beckett, VP of Communications and Sustainability
T: (778) 374‐2000
E: taliabeckett@reroyalties.com
www.reroyalties.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The offer and sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Forward Looking Statements

This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company and within the meaning of Canadian securities laws. Forward looking information includes the completion of the Loan and is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events or results and may include statements regarding the Company's financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities including financing. The reader is referred to the Company's most recent filings on SEDAR as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at www.sedar.com.

SOURCE: RE Royalties Ltd.

View source version on accesswire.com:
https://www.accesswire.com/734777/RE-Royalties-Declares-2022-Fourth-Quarter-Shareholders-Dividend-Payment

FAQ

What is the dividend amount declared by RE Royalties Ltd for Q4 2022?

The dividend amount declared is $0.01 per common share.

When will the dividend be paid to shareholders?

The dividend will be paid on February 22, 2023.

What is the total dividend for RE Royalties Ltd in the fiscal year 2022?

The total dividend for the fiscal year 2022 is $0.04 per common share.

What is RE Royalties Ltd's business focus?

RE Royalties Ltd focuses on acquiring revenue-based royalties for renewable energy facilities, providing non-dilutive financing solutions.

How does RE Royalties Ltd plan to enhance shareholder value?

The company is exploring new transactions for continued revenue growth and aims to provide shareholders with a strong yield.