POU GOES The FULL HOG: TAKES The MONEY & RUNS !- INTERESTING that they 'PREFER' to RETURN CAPITAL to the SHAREHOLDERS since they CAN'T FIND BETTER USES to PUT the CAPITAL to WORK
- ROUGHLY 2/3 of the PROCEEDS from the SALE of ASSETS
- MERRY CHISTMAS Paramount Resources shareholders ! The Special Distribution is expected to be comprised of a return of capital to Shareholders in the amount of $12.00 per Common Share (the “Return of Capital”) and a special dividend in the amount of $3.00 per Common Share that will be designated as an “eligible dividend” for Canadian income tax purposes. Based on the number of Common Shares issued and outstanding as at the date of this press release, the Special Distribution would amount to an aggregate distribution of approximately $2.2 billion.
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