September 30, 2019 Vancouver, BC – RE Royalties Ltd. (TSX.V: 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 September 30, 2019.
The distribution is payable on November 6, 2019 to shareholders of record on October 16, 2019.
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 aggregate distributions declared for the current fiscal year total $0.03 per common share.
Bernard Tan, CEO of the Company, commented, “The third quarter marked another strong period for RE Royalties as we were able to provide another dividend, continue to grow our royalty portfolio, and source new accretive opportunities for our shareholders.”
On Behalf of the Board of Directors,
Bernard Tan
CEO