Business
RE Royalties Declares 2023 Second Quarter Shareholders Dividend Payment
All amounts in Canadian dollars unless otherwise stated VANCOUVER, BC / ACCESSWIRE / July 12,...
About this update from Re Royalties Ltd.
[{"type":"text","content":"RE Royalties Declares 2023 Second Quarter Shareholders Dividend PaymentAll amounts in Canadian dollars unless otherwise statedVANCOUVER, BC / ACCESSWIRE / July 12, 2023 / RE Royalties Ltd. (TSX.V: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 second quarter ending June 30, 2023.The distribution is payable on August 23, 2023, to shareholders of record on August 2, 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 2023 fiscal year has been $0.02 per common share.Bernard Tan, CEO of the Company, commented, \"We remain confident in our continued growth outlook, and we are pleased to provide our shareholders with another dividend. Continuing this track record is consistent with our objective of expanding our portfolio and building a renewable energy future with our clients.On Behalf of the Board of Directors,Bernard TanCEOAbout 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 Contact:RE Royalties Ltd. Melanee Henderson, Investment RelationsT: (778) 373-6731 TF 800-667-2114E: [email protected] www.reroyalties.comMedia Contact:RE Royalties Ltd. Talia Beckett, VP of Communications T: (778) 374‐2000 E: [email protected] www.reroyalties.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), no...