Phoenix Energy's First Distribution for Shareholders Explained
Initial Distribution Announcement by Phoenix Energy
Phoenix Energy One, LLC, an energy company based in Irvine, California, has announced an exciting development regarding their Series A Cumulative Redeemable Preferred Shares. This announcement comes after the company successfully completed its initial public offering, which was conducted under Regulation A of the Securities Act. As a part of this process, the shares are now listed on the NYSE American LLC under the ticker symbol NYSE:PHXE.P.
Details of the Distribution
According to the company’s announcement, shareholders will receive an initial distribution of $0.11111 per preferred share. This distribution is scheduled for payment to holders of record, confirming their eligibility for this payout, on the 15th of October. This structured approach ensures that investors are rewarded for their trust and commitment to Phoenix Energy.
Understanding Preferred Shares
Preferred shares typically offer investors a fixed dividend before any distribution is made to common shareholders. This mechanism positions Phoenix Energy's preferred shares as a more secure investment within the volatile energy sector. Investors looking for stability and regular income streams may find this arrangement particularly appealing.
Strategic Position of Phoenix Energy
Founded in 2019, Phoenix Energy is rapidly establishing itself within the oil and gas exploration industry, primarily focusing on the Williston Basin, known for its rich energy resources. The company is strategically poised to take advantage of the growing demand for energy as it employs a three-pronged strategy encompassing direct drilling, royalty acquisition, and non-operated working interests. This diversification is key to mitigating risks associated with market fluctuations.
Workforce and Operational Reach
With a dedicated workforce of over 165 employees, Phoenix Energy is not just about numbers but about fostering a strong community spirit across its multiple offices. These locations span across key areas, including Denver, Dallas, and Fort Lauderdale, ensuring efficient operations and proactive market engagement.
Contacting Phoenix Energy
Investor relations are vital for companies engaged in public offerings, and Phoenix Energy maintains a robust communication line. Investors interested in learning more about the company or in engaging with its investor relations team can reach out directly via email or phone. This open channel fosters transparency and builds investor trust.
Engagement and Corporate Transparency
It’s vital for investors to stay informed about the companies they support. Phoenix Energy facilitates this by maintaining a detailed and informative website. This platform includes comprehensive updates on corporate actions and future plans, contributing to a well-informed investor base.
About Phoenix Energy
As an energy company dedicated to oil and gas production, Phoenix Energy operates with a clear vision for growth and sustainability. By focusing on strategic exploration and production, it has positioned itself to respond effectively to market changes and demands. The company’s approach reflects a commitment to innovation in energy solutions, making it a noteworthy player in the industry.
Frequently Asked Questions
What is the significance of the preferred shares distribution?
The distribution signifies a reward to investors for their commitment and reinforces the company’s credibility as a stable investment option.
When is the payment for the initial distribution?
The payment for the initial distribution is scheduled for October 15, 2025, providing clarity and assurance for investors.
Where can I find more information about Phoenix Energy?
Additional information can be obtained by visiting Phoenix Energy's official website or through direct contact with their investor relations team.
What is the main operational area of Phoenix Energy?
Phoenix Energy primarily operates in the Williston Basin, focusing on oil and gas exploration and production.
How does the preferred shares mechanism work?
Preferred shares generally offer dividends to shareholders before common share distributions, presenting a more secure investment option.
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