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Tamarack Valley Energy Announces Declaration of Monthly Dividend and Approval of Normal Course Issuer Bid
Tamarack Valley Energy Announces Declaration of Monthly Dividend and Approval of Normal Course Is...
About this update from Tamarack Valley Energy Ltd.
[{"type":"text","content":"\n \n \n \n Tamarack Valley Energy Announces Declaration of Monthly Dividend and Approval of Normal Course Issuer Bid\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt initial; BORDER-RIGHT:black 0pt initial; BORDER-BOTTOM:black 0pt initial; BORDER-LEFT:black 0pt initial\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 0pt initial; BORDER-RIGHT:black 0pt initial; BORDER-BOTTOM:black 0pt initial; BORDER-LEFT:black 0pt initial\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX: TVE\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Jan. 16, 2023\n \n \n /CNW/ - Tamarack Valley Energy Ltd. (\"\n \n Tamarack\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that the Board of Directors has declared a monthly cash dividend on its common shares of\n \n C$0.0125\n \n per share in accordance with the Company's dividend policy. The dividend will be payable on\n \n February 15, 2023\n \n , to shareholders of record at the close of business on\n \n January 31, 2023\n \n . This monthly cash dividend is designated as an \"eligible dividend\" for Canadian income tax purposes. In addition, the Toronto Stock Exchange (the \"\n \n TSX\n \n \") has approved the Company's application for a normal course issuer bid (the \"\n \n NCIB\n \n \"). Tamarack purchased an aggregate of 4,362,700 common shares at a volume weighted average price per share of\n \n $4.24\n \n , through the TSX and alternative Canadian trading systems, under the previous NCIB which permitted repurchases of up to 20,354,360 common shares.\n \n \n \n \n \n \n \n \n \n The NCIB allows Tamarack to purchase up to 27,847,033 common shares of the Company (representing approximately 5% of the 556,940,664 outstanding common shares as of\n \n January 9, 2023\n \n ) over a peri...