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Tamarack Valley Energy Announces Monthly Dividend Declaration and Extension of Credit Facility
Tamarack Valley Energy Announces Monthly Dividend Declaration and Extension of Credit Facility ...
About this update from Tamarack Valley Energy Ltd.
[{"type":"text","content":"\n\n\n\n Tamarack Valley Energy Announces Monthly Dividend Declaration and Extension of Credit Facility\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n June 13, 2025\n \n\n /CNW/ - Tamarack Valley Energy Ltd. (\"\n \n Tamarack\n \n \" or the \"\n \n Company\n \n \") (TSX: TVE) is pleased to announce the declaration of its monthly dividend and extension of its Credit Facility.\n \n\n\n\n\n\n\n\n\n\n Dividend Declaration\n \n\n\n Tamarack's Board of Directors has declared a monthly cash dividend on its common shares of\n \n $0.01275\n \n per share in accordance with the Company's dividend policy. The dividend will be payable on\n \n July 15, 2025\n \n , to shareholders of record at the close of business on\n \n June 30, 2025\n \n . This monthly cash dividend is designated as an \"eligible dividend\" for Canadian income tax purposes.\n \n\n\n Credit Facility extension\n \n\n\n Tamarack has access to a covenant-based $875MM revolving lending facility (the \"Credit Facility\") that was previously maturing on\n \n April 30, 2027\n \n . In\n \n June 2025\n \n , the Credit Facility was amended primarily to extend the maturity date of the facility by one year to\n \n April 30, 2028\n \n . As of\n \n June 13, 2025\n \n , Tamarack had access to over $400MM of undrawn credit under the three-year Credit Facility and an uncommitted accordion feature that provides the Company with the ability to access an incremental $125MM million of secured debt, subject to certain conditions, including approvals from the lending syndicate.\n \n\n\n About Tamarack Valley Energy Ltd.\n \n\n\n Tamarack is an oil and gas exploration, and production company committed to creating long-term value for its shareholders through sustainable free funds flow generation, financial stability and the return of capital. The Company has an extensive inventory of low-risk, oil development drilling locations focused primarily on\n \n Clearwater\n \n and\n \n Charlie Lake\n \n plays in\n \n Alberta\n \n while also pursuing EOR upside in these core are...