Welcome to our dedicated page for Re Royalties news (Ticker: RROYF), a resource for investors and traders seeking the latest updates and insights on Re Royalties stock.
RE Royalties Ltd. (OTCQX: RROYF; TSXV: RE) regularly publishes news about its activities in renewable energy royalty-based financing. The company’s updates describe new royalty and loan agreements, letters of intent, portfolio developments and capital markets actions related to its focus on revenue-based royalties over renewable energy facilities and technologies.
News items often highlight investment transactions, such as agreements to provide secured loans and royalties for solar, wind, battery storage and distributed generation projects. Examples include a definitive agreement with Solaris Energy Inc. for portfolio-level royalties on distributed generation solar projects in multiple U.S. states, and a letter of intent to provide a secured loan to Revolve Renewable Power Corp. to support the acquisition of an operating wind project in the United States.
Announcements also cover corporate and financing developments. These include non-brokered listed issuer financing equity offerings, decisions to cancel such offerings due to early loan repayments from clients, and updates on the company’s green bond program, including the repayment of earlier series and the issuance of new series of green bonds.
Dividend declarations are another recurring theme. RE Royalties has reported multiple cash distributions on its common shares and has discussed its approach to dividend policy as part of its broader capital allocation strategy. Corporate updates may also include information on board appointments, new stock exchange listings such as the Frankfurt Stock Exchange symbol "Y2V", and recognition in external rankings.
Investors following RROYF news can use this page to review the company’s disclosed transactions, portfolio changes, financing activities and dividend announcements, as well as management commentary on its royalty-based model and pipeline of renewable energy opportunities.
RE Royalties Ltd. (TSX.V:RE)(OTCQX:RROYF) has completed the final closing of its public offering of Series 3 senior secured green bonds, raising C$1,959,000. This concludes a total of C$16,126,000 raised through multiple closings. The green bonds, maturing on January 30, 2028, bear a 9% interest rate payable quarterly. Proceeds will be used for acquiring royalties and providing loans to renewable energy companies. Notably, the company is leveraging a Green Bond Framework aligned with the International Capital Market Association's principles. The offering was managed by Canaccord Genuity Corp. and Integral Wealth Securities Limited.
RE Royalties Ltd. (RROYF) has announced an increase in its max allocation for Canadian dollar denominated Green Bonds from C$8,000,000 to C$10,000,000, with no change to the U.S. dollar allocation of US$5,000,000.
The company aims to raise a total of C$23,000,000 through a mix of private placements and public offerings. The Green Bonds will bear a 9% interest rate and are secured against the company's portfolio of royalty investments, maturing on January 30, 2028.
Net proceeds will target acquisitions in the renewable energy sector. The offering's securities are not registered in the U.S.
RE Royalties Ltd. (RROYF) announced the initial closing of its non-brokered private placement for Series 3 senior secured green bonds. The company issued 6,599 Canadian dollar bonds, raising C$6,599,000, alongside 255 USD bonds, totaling US$255,000. The total gross proceeds from public and private offerings reached C$11,714,000 and US$272,000. These bonds mature on January 30, 2028, with a 9% annual interest rate. The funds will support revenue-based royalties and loans to renewable energy companies. A corporate advisory fee of C$461,930 and US$17,850 was paid, plus 319,853 warrants issued, exercisable at $0.75 for three years.
RE Royalties Ltd has acquired a gross revenue royalty on the 27 MW Jackson Center Solar Project Phase 2 in Pennsylvania, developed by Teichos Energy. This project will produce an estimated 42,800 MWh of clean energy annually. As part of the deal, RE Royalties committed a USD $1.8 million secured loan to Teichos, with a 13% interest rate. The company will earn a 1% royalty on gross revenues for 15 years once operational, which may rise to 2% if the loan is extended. Previously, RE Royalties financed Jackson Center Solar Project Phase 1 with a USD $2.2 million loan.
RE Royalties Ltd. (OTCQX:RROYF) has announced the initial closing of its public offering of Series 3 senior secured green bonds, raising C$5,115,000 and US$17,000. Each bond has a principal amount of C$1,000 and USD$1,000, with a five-year term and a 9% annual interest rate, payable quarterly. Proceeds will fund renewable energy investments. The offering, managed by Canaccord Genuity and Integral Wealth Securities, involves 239,493 warrants issued to agents. Final closing is expected by February 27, 2023. This financing underscores RE Royalties' commitment to supporting renewable energy projects.
RE Royalties Ltd. (OTCQX:RROYF) announced a non-brokered private placement of Green Bonds, aiming to raise up to C$8,000,000 in Canadian dollars and US$5,000,000 in U.S. dollars. The offering follows a previous news release regarding a public offering and has a maximum total target of C$23,000,000. These bonds have a five-year term and a 9% annual interest rate, secured against the company’s royalty and loan investments. Proceeds will enhance financing for renewable energy companies. The offering complies with Green Bond Principles and securities will be subject to a four-month hold period.
RE Royalties Ltd (TSXV:RE)(OTCQX:RROYF) has declared a cash dividend of $0.01 per common share for Q4 2022, payable on February 22, 2023, to shareholders recorded by February 1, 2023. The total dividend for the 2022 fiscal year is $0.04 per share. CEO Bernard Tan highlighted over $20 million in investments made in fiscal 2022, indicating ongoing revenue growth. The company continues to explore new transactions, aiming for sustained growth in upcoming quarters.
RE Royalties Ltd (TSXV:RE, OTCQX:RROYF) reported financial results for Q3 2022, showcasing a 156% year-over-year increase in quarterly revenue, reaching $1.3 million. Gross profit also surged by 177% to $1.24 million. Year-to-date revenue and income totaled $3.15 million, a 130% increase, with gross profit at $2.91 million, up 154%. The company expanded its portfolio with loans to Switch Power and ReVolve, enhancing recurring revenue streams. Cash and cash equivalents stood at $8.35 million as of the quarter-end.
RE Royalties Ltd (RROYF) announced a USD 3.9 million loan and royalty agreement with Delta Energy Partners to finance energy efficiency projects in Puerto Rico. The loan, with a 5-year term at a 12.15% interest rate, will support energy efficiency installations for government and commercial clients over a 10-year period. A 4% royalty on invested capital will commence 30 months post-closing. This marks the second collaboration with Franklin Park Investments, enhancing RE Royalties' position in renewable energy financing.
RE Royalties Ltd. announced a cash dividend of $0.01 per common share for the quarter ending September 30, 2022, payable on November 23, 2022. Shareholders of record by November 2, 2022 will be eligible for this distribution, contributing to a total of $0.03 dividends declared in the 2022 fiscal year. The company highlights a strong pipeline of financing opportunities in the renewable energy sector, ensuring continued yield growth for investors.