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Tamarack Valley Energy Announces Monthly Dividend Declaration and NCIB Renewal
Tamarack Valley Energy Announces Monthly Dividend Declaration and NCIB Renewal Canada N...
About this update from Tamarack Valley Energy Ltd.
[{"type":"text","content":"\n\n\n\n Tamarack Valley Energy Announces Monthly Dividend Declaration and NCIB Renewal\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 Jan. 14, 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 renewal of its normal course issuer bid (\"\n \n NCIB\n \n \").\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 (\"\n \n Common Shares\n \n \") of\n \n C$0.01275\n \n per share in accordance with the Company's dividend policy. The dividend will be payable on\n \n February 14, 2025\n \n , to shareholders of record at the close of business on\n \n January 31, 2025\n \n . This monthly cash dividend is designated as an \"eligible dividend\" for Canadian income tax purposes.\n \n\n\n NCIB Renewal\n \n\n\n The Toronto Stock Exchange (the \"\n \n TSX\n \n \") has approved Tamarack's application to renew its NCIB.\n \n\n The Company had 523,051,704 Common Shares issued and outstanding as at\n \n January 6, 2025\n \n . The NCIB allows Tamarack to purchase up to 51,279,652 Common Shares of the Company (representing approximately 10% of the 512,796,526 issued and outstanding Common Shares that comprise the public float as of\n \n January 6, 2025\n \n ) over a period of twelve months commencing on\n \n January 19, 2025\n \n . The NCIB will expire no later than\n \n January 18, 2026\n \n . The actual number of Common Shares which may be purchased pursuant to the NCIB will be determined by management of the Company. Any Common Shares that are purchased by Tamarack under the NCIB will be cancelled.\n \n\n Under the NCIB, Common Shares may be repurchased in open market transactions on the TSX or alternative Canadian trading system in accordance with the rules of the TSX governing NCIBs. The price paid by the Company for any such common shares will be the prevailing market price at the time of purchase.\n...