Petrus Resources Monthly Dividend Declaration
Petrus Resources Ltd. (TSX: PRQ) is excited to share that its Board of Directors has declared a new monthly dividend. This dividend is set at $0.01 per share and is designated for the shareholders of record. The scheduled payment date is set for December 30, and this announcement comes with important information for shareholders regarding participation in the Dividend Reinvestment Plan (DRIP).
Understanding the Dividend Reinvestment Plan (DRIP)
The Dividend Reinvestment Plan, or DRIP, is designed to allow eligible shareholders the option to reinvest all or part of their dividends into additional common shares of Petrus Resources. It's a fantastic way for shareholders to increase their investment in the company while taking advantage of a discount. If you choose to participate, you will benefit from acquiring shares at a 3% discount to their market price, providing a valuable incentive.
How to Participate in the DRIP
Participation in the DRIP is entirely optional. For registered shareholders interested in this program, it is essential to submit a completed enrollment form to Odyssey Trust Company by 4:00 p.m. Calgary time, five business days before the record date for dividends. If you are a beneficial shareholder, it's recommended to contact your broker or nominee for guidance on your eligibility and enrollment procedures. Please be aware that participation from shareholders outside Canada might come with certain restrictions.
Important DRIP Information
For detailed information about the DRIP, including enrollment forms and terms, shareholders can find resources on the official Petrus Resources website. Odyssey Trust Company also provides useful details and forms on its own website. Should any questions arise about the DRIP or its procedures, shareholders are encouraged to contact Odyssey directly.
Petrus Resources: Company Overview
Petrus Resources is a publicly traded oil and gas company based in Canada, primarily engaged in the exploitation and exploration of properties within Alberta. Focused on strategic acquisitions and risk-managed exploration, Petrus continues to drive its mission to create value for shareholders through efficient management and growth strategies.
Contact Information
If you have additional questions or require further information, please feel free to reach out to Ken Gray, President and Chief Executive Officer of Petrus Resources. He is available through telephone or via email to assist you with any inquiries you might have.
Frequently Asked Questions
What is the monthly dividend amount declared by Petrus Resources?
The monthly dividend amount declared by Petrus Resources is $0.01 per share.
What is the payment date for the new dividend?
The payment date for the new dividend is set for December 30.
How can I participate in the Dividend Reinvestment Plan?
If you wish to participate in the DRIP, you must complete and submit an enrollment form to Odyssey Trust Company by the designated deadline.
What is the discount offered through the DRIP?
Eligible shareholders who participate in the DRIP can acquire common shares at a 3% discount from the market price.
Who should I contact for more information about the DRIP?
For further inquiries regarding the DRIP, you can contact Odyssey Trust Company directly at the numbers provided or visit their website.
