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. provides royalty-based, non-dilutive financing to renewable energy companies and acquires revenue-based royalties on renewable energy facilities and technologies. Its portfolio spans solar, wind, hydro, battery storage, energy efficiency and renewable natural gas projects across multiple regions.
News about RROYF commonly covers royalty investments and funding tranches, distributed-generation solar portfolios, dividend and Series 1 Green Bond updates, equity financing actions, compensation grants, board changes and strategic capital-structure reviews.
RE Royalties Ltd (TSX.V:RE) (OTCQX:RROYF) announced a cash distribution of $0.01 per common share for Q1 2022, payable on May 11, 2022. Shareholders of record by April 20, 2022 will receive this dividend, which totals $0.01 per share for the fiscal year. Additionally, the board adopted a Shareholder Rights Plan to ensure fair treatment during any takeover bids, effective immediately and subject to shareholder ratification at the upcoming annual meeting.
RE Royalties Ltd has entered into a USD $5.6 million senior secured working capital loan agreement with Nomad Transportable Power Systems Inc. to manufacture mobile battery energy storage systems. The loan features a 12% interest rate with a bullet repayment after five years and a 3.5% gross revenue royalty on Nomad's Unit sales. This partnership aims to enhance RE Royalties' position in the battery storage market, showcasing a strong demand for innovative financing solutions in the renewable energy sector.
RE Royalties Ltd (TSXV:RE, OTCQX:RROYF) has started trading on the OTCQX Best Market as of March 31, 2022. This move enhances accessibility for U.S. investors, allowing for increased transparency and liquidity. The OTCQX is the highest tier of OTC Markets Group, requiring compliance with strict financial standards and U.S. securities laws. Bernard Tan, CEO, emphasized the benefits of improved trading ease and market awareness for shareholders. A pending application for DTCC eligibility aims to facilitate electronic trading in the U.S.
RE Royalties Ltd has filed a final short form base shelf prospectus with Canadian securities regulatory authorities, excluding Quebec. This prospectus allows the company to raise up to $100 million over the next 25 months through various securities, enhancing its financial flexibility for growth initiatives, particularly in acquiring more royalties. The filed prospectus does not constitute an offer to sell securities and aims to provide streamlined access to capital markets. Further details are available on SEDAR.