Petrus Resources Declares Monthly Dividend for Shareholders
Petrus Resources Ltd. is excited to announce the recent approval by its Board of Directors regarding a monthly dividend. The dividend, set at $0.01 per share, is set to be distributed on December 30 to all shareholders who have their names on the record as of December 15. This dividend is classified as an eligible dividend, offering benefits under Canadian income tax regulations.
Understanding the Dividend Reinvestment Plan (DRIP)
Petrus also provides a Dividend Reinvestment Plan, affectionately known as the DRIP, which offers eligible shareholders a unique opportunity. Instead of receiving cash dividends, shareholders can choose to reinvest all or part of their dividends into new common shares of the company. This initiative is entirely optional, yet it provides a compelling incentive for investors to increase their stake in the company.
Participation Process
For those looking to join the DRIP, registered shareholders must send in a completed enrollment form to Odyssey Trust Company, the designated agent, by 4:00 p.m. Calgary time on the fifth business day before a dividend record date. Beneficial shareholders interested in participating should reach out to their brokers or the nominees through which they hold their shares to get information on their eligibility and guidance on completing the enrollment.
Discount Benefits for Participants
One of the appealing aspects of participating in the DRIP is the discount offered to shareholders. Participants who choose to reinvest their dividends can receive common shares directly from the treasury at a 3% discount compared to the current market price. This makes it an attractive option for investors aiming to enhance their investment with minimized costs.
Contact Information for More Details
Those with any questions regarding the DRIP or the dividend declaration can find more information on the official website of Petrus Resources. Complete details about the DRIP, including the enrollment form for registered shareholders, can be easily accessed. For additional queries, Odyssey can be reached at 1-888-290-1175, available at no charge in North America, or at 1-587-885-0960 for those outside this region.
About Petrus Resources Ltd.
Petrus Resources Ltd. is a publicly traded Canadian company focused on acquiring and exploiting oil and gas properties, primarily within Alberta. The company diligently works on strategic acquisitions and manages exploration risks to maximize shareholder value.
Frequently Asked Questions
What is the declared dividend amount by Petrus Resources?
The Board of Directors declared a dividend of $0.01 per share.
When will the dividend be paid?
The dividend will be payable on December 30 to shareholders on record as of December 15.
What is the Dividend Reinvestment Plan (DRIP)?
The DRIP allows shareholders to reinvest their dividends to purchase additional shares at a discount.
How can I participate in the DRIP?
Registered shareholders must submit an enrollment form to Odyssey Trust Company before the specified deadline.
Who can I contact for further information about the DRIP?
For more details, you can contact Odyssey at 1-888-290-1175 or 1-587-885-0960.
