January 9, 2020, 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 December 31, 2019.
The distribution is payable on February 19, 2020 to shareholders of record on January 29, 2020.
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 $0.04 per common share.
Bernard Tan, CEO of the Company, commented, “Our investment portfolio continues to demonstrate strong results and we are happy to be able to provide another dividend. Demand for our royalty financing solutions continue to be incredibly strong and we look forward to growing our royalty portfolio in fiscal 2020, along with other accretive opportunities for our shareholders.”
On Behalf of the Board of Directors,
Bernard Tan
CEO