Quarterly Dividend Payment VANCOUVER, BC / ACCESSWIRE / January 17, 2022 / RE Royalties Ltd. (TSXV:RE) ("RE Royalties" or the "Company") is pleased to announce that the Board of Directors of the Company has declared a cash distribution of $0.01 per issued and outstanding common share for the quarter ending December 31, 2021.
The distribution is payable on February 23, 2022, to shareholders of record on February 2, 2022. The distribution is designated by the Company to be a dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation. The cumulative amount of dividends declared for the 2021 fiscal year has been $0.04 per common share.
Bernard Tan, CEO of the Company, commented, "Demand for our royalty financing solutions continues to be strong and we are very pleased to announce another dividend payment. Our diversified royalty portfolio continues to remain resilient and perform as expected, and our team is committed to making additional investments to grow this portfolio."
The Company also announces that it has granted an aggregate of 24,501 deferred share units, ("DSUs") to the directors of the Company and 38,011 restricted share units ("RSUs") to senior management of the Company. The RSUs have a one-year vesting period from the date of grant. The DSUs and RSUs are granted pursuant to the Company's plans, which were approved by shareholders at the Company's annual general meeting.
About RE Royalties Ltd.
RE Royalties acquires revenue-based royalties from renewable energy generation facilities by providing a non-dilutive financing solution to privately held and publicly traded renewable energy generation and development companies. RE Royalties is the first to apply this proven business model to the renewable energy sector. The Company currently owns 99 royalties on solar, wind and hydro projects in Canada, Europe, and the United States. The Company's business objectives are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through re-investment and a sustainable investment focus.
www.reroyalties.com
Instagram: https://www.instagram.com/reroyalties
Facebook: https://www.facebook.com/RERoyalties
LinkedIn: https://www.linkedin.com/company/28133045
Twitter: https://twitter.com/RERoyalties
https://www.accesswire.com/683822/RE-Royalties-Declares-Quarterly-Dividend-Payment-to-Shareholders 