CALGARY, ALBERTA–(Marketwired – Nov. 30, 2016) – 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 December 31, 2016, on Birchcliff’s outstanding Cumulative Redeemable Preferred Shares, Series A. The dividend is payable on January 3, 2017 to shareholders of record as at the close of business on December 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 December 31, 2016, on Birchcliff’s outstanding Cumulative Redeemable Preferred Shares, Series C. The dividend is payable on January 3, 2017 to shareholders of record as at the close of business on December 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 1000, 600 – 3rd Avenue S.W.
Calgary, AB T2P 0G5
(403) 261-6401
(403) 261-6424 (FAX)
[email protected]
www.birchcliffenergy.com
