CALGARY, ALBERTA–(Marketwired – Sept. 1, 2016) –
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Birchcliff Energy Ltd. (“Birchcliff”) (TSX:BIR) today announced that its Board of Directors has declared the following dividends on its outstanding preferred shares:
- a quarterly cash dividend of $0.50 per share for the calendar quarter ending on September 30, 2016, on Birchcliff’s outstanding Cumulative Redeemable Preferred Shares, Series A. The dividend is payable on September 30, 2016 to shareholders of record as at the close of business on September 15, 2016. The dividend is designated as an eligible dividend for purposes of the Income Tax Act (Canada); and
- a quarterly cash dividend of $0.4375 per share for the calendar quarter ending on September 30, 2016, on Birchcliff’s outstanding Cumulative Redeemable Preferred Shares, Series C. The dividend is payable on September 30, 2016 to shareholders of record as at the close of business on September 15, 2016. The dividend is designated as an eligible dividend for purposes of the Income Tax Act (Canada).
About Birchcliff:
Birchcliff is a Calgary, Alberta based intermediate oil and gas company with operations concentrated within its one core area, the Peace River Arch of Alberta. Birchcliff’s Common Shares and Cumulative Redeemable Preferred Shares, Series A and Series C are listed for trading on the Toronto Stock Exchange under the symbols “BIR”, “BIR.PR.A” and “BIR.PR.C”, respectively.
Jeff Tonken
President and Chief Executive Officer
Birchcliff Energy Ltd.
Bruno Geremia
Vice-President and Chief Financial Officer
Birchcliff Energy Ltd.
Jim Surbey
Vice-President, Corporate Development
Birchcliff Energy Ltd.
Suite 500, 630 – 4th Avenue S.W.
Calgary, AB T2P 0J9
Tel: (403) 261-6401
(403) 261-6424 (FAX)
[email protected]
www.birchcliffenergy.com
