Pine Cliff Energy Ltd. Declares Monthly Dividend for October 31, 2024

Pine Cliff Energy (TSX: PNE) (OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share for October 2024.

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Rhea-AI Summary

Pine Cliff Energy (TSX: PNE) (OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share for October 2024. The dividend is scheduled to be paid on October 31, 2024, to shareholders of record as of October 15, 2024. Pine Cliff has indicated that this dividend, along with future dividends, are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. This announcement demonstrates the company's commitment to providing regular returns to its shareholders.

Positive

Regular monthly dividend payment of $0.005 per share
Consistent dividend policy indicating financial stability

Negative

Dividends designated as non-eligible for Canadian tax purposes

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News Market Reaction – PIFYF

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10/02/2024 - 11:27 AM

Calgary, Alberta--(Newsfile Corp. - October 2, 2024) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.005 per common share to be paid October 31, 2024, to shareholders of record on October 15, 2024. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice.

About Pine Cliff

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on sedarplus.ca as well as on Pine Cliff's website at www.pinecliffenergy.com.

For further information, please contact:

Philip B. Hodge – President and CEO
Kristopher B. Zack – CFO and Corporate Secretary
Telephone: (403) 269-2289
Fax: (403) 265-7488
Email: info@pinecliffenergy.com

The TSX does not accept responsibility for the accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225365

FAQ

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What is the dividend amount declared by Pine Cliff Energy (PIFYF) for October 2024?

Pine Cliff Energy (PIFYF) has declared a regular monthly dividend of $0.005 per common share for October 2024.

When will Pine Cliff Energy (PIFYF) pay its October 2024 dividend?

Pine Cliff Energy (PIFYF) will pay its October 2024 dividend on October 31, 2024, to shareholders of record on October 15, 2024.

How are Pine Cliff Energy (PIFYF) dividends classified for Canadian income tax purposes?

Pine Cliff Energy (PIFYF) dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice.

What is the frequency of dividend payments for Pine Cliff Energy (PIFYF)?

Pine Cliff Energy (PIFYF) pays regular monthly dividends to its shareholders.

Pine Cliff Energy Ltd. Declares Monthly Dividend for October 31, 2024