Petrus Resources Declares Monthly Dividend
CALGARY, Alberta -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) has exciting news for its shareholders. The Board of Directors has officially declared a monthly dividend of $0.01 per share. This dividend will be payable on a future date to all shareholders on record, encouraging investment in the company. Importantly, this dividend is categorized as an eligible dividend under Canadian income tax regulations, which can provide certain tax benefits to shareholders.
Understanding the Dividend Reinvestment Plan
Petrus offers a Dividend Reinvestment Plan (DRIP) that allows eligible shareholders to reinvest their dividends into additional common shares of the company. This option is ideal for investors looking to increase their stake in Petrus without incurring additional fees. Those who choose to participate in the DRIP will acquire shares at a 3% discount compared to the market price, enhancing the attractiveness of this reinvestment strategy.
How to Participate in the DRIP
Participation in the DRIP is straightforward but requires action. Shareholders registered with the company must submit a completed enrollment form to Odyssey Trust Company before the deadline, which is the 5th business day before the dividend record date. Meanwhile, beneficial shareholders must reach out to their respective brokers to confirm eligibility and receive guidance on enrollment procedures.
Considerations for Non-Resident Shareholders
It’s important for shareholders residing outside Canada to be aware that restrictions may apply to their participation in the DRIP. Non-resident shareholders should inquire about these restrictions before pursuing enrollment to ensure compliance with investment regulations applicable to their location.
About Petrus Resources
Petrus is a well-regarded public oil and gas company based in Canada, dedicated to property exploitation and strategic acquisitions. The company thrives on a risk-managed approach to exploration, primarily within the Alberta region. This focus has allowed Petrus to maintain a strong position in the oil and gas sector, providing consistent value to its investors.
Contact Information for Shareholders
For further inquiries regarding the DRIP or other investor-related questions, shareholders can reach out to Ken Gray, the President and CEO, at 403-930-0889 or via email at kgray@petrusresources.com. The company is committed to ensuring that all shareholder inquiries are addressed promptly and efficiently, fostering a supportive environment for its investors.
Frequently Asked Questions
What is the declared dividend amount by Petrus Resources?
The declared dividend amount is $0.01 per share.
When will the dividend be payable?
The dividend is set to be payable on a specified future date to shareholders on record.
What benefits does the DRIP offer to shareholders?
The DRIP allows shareholders to reinvest dividends into additional shares at a discount of 3% from the market price.
How can shareholders enroll in the DRIP?
Shareholders must submit an enrollment form to Odyssey Trust Company before the deadline to participate in the DRIP.
Are there restrictions for non-resident shareholders?
Yes, non-resident shareholders may face restrictions and should verify their eligibility for participation in the DRIP.
