Petrus Resources Confirms Monthly Dividend Declaration
Petrus Resources Ltd. (TSX: PRQ) has recently announced that its Board of Directors has declared a monthly dividend of $0.01 per share. This dividend is set to be payable on an upcoming date to shareholders of record. Importantly, this dividend is identified as an eligible dividend for Canadian income tax purposes, which can be advantageous for shareholders when considering their tax situations.
Understanding the Dividend Reinvestment Plan
Petrus offers a Dividend Reinvestment Plan (DRIP) for eligible shareholders. This plan allows those shareholders to reinvest their dividends into additional common shares of the Company. Participation in this DRIP is optional, providing flexibility based on individual shareholder preferences. Those who choose to reinvest will be able to do so at a discounted rate, which is notably set at 3% below the market price of the common shares.
How to Participate in the DRIP
For registered shareholders interested in the DRIP, completing an enrollment form is necessary. This form must be submitted to Odyssey Trust Company before the specified deadline before a dividend record date. Shareholders who do not hold their shares directly will need to consult with their brokers or nominees for enrollment guidance. It's also important for non-resident shareholders to check for any restrictions that may apply based on their location.
Additional Resources for Shareholders
More comprehensive details regarding the DRIP can be accessed through the Company's official website and Odyssey's website. Interested individuals are encouraged to download the enrollment form and familiarize themselves with the regulations of the DRIP. For further inquiries, contacting Odyssey directly can provide clarification on any outstanding questions.
About Petrus Resources
Petrus Resources Ltd. is recognized as a public Canadian oil and gas company. The primary focus of the company lies in property exploitation, strategic acquisitions, and risk-managed exploration, all predominantly based in Alberta. Their mission continues to drive growth and enhance shareholder value through prudent financial and operational strategies.
Contact Information
For more information, shareholders can reach out to Ken Gray, President and Chief Executive Officer, at 403-930-0889. Additionally, inquiries can be sent via email to kgray@petrusresources.com.
Frequently Asked Questions
What is the declared monthly dividend amount?
The declared monthly dividend is $0.01 per share.
When will the dividends be paid?
The exact payment date will be communicated to shareholders in due course.
What is the benefit of participating in the DRIP?
Participating in the DRIP allows shareholders to reinvest dividends at a discounted price, potentially increasing their total shareholdings over time.
How can I enroll in the DRIP?
Registered shareholders need to submit an enrollment form to Odyssey Trust Company before the deadline to participate in the DRIP.
Who should I contact for more information?
Shareholders can contact Ken Gray, the CEO, at 403-930-0889 or email kgray@petrusresources.com for further details.
