Birchcliff Energy Ltd. Announces Quarterly Preferred Share Dividend
June 03 2014 - 2:52PM
Marketwired Canada
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 June 30, 2014, on Birchcliff's outstanding Cumulative
Redeemable Preferred Shares, Series A. The dividend is payable on June
30, 2014 to shareholders of record as at the close of business on June
16, 2014. 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 June 30, 2014, on Birchcliff's outstanding Cumulative
Redeemable Preferred Shares, Series C. The dividend is payable on June
30, 2014 to shareholders of record as at the close of business on June
16, 2014. The dividend is designated as an eligible dividend for
purposes of the Income Tax Act (Canada).
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; Cumulative Redeemable Preferred Shares,
Series A; Cumulative Redeemable Preferred Shares, Series C; and Warrants are
listed for trading on the Toronto Stock Exchange under the symbols "BIR",
"BIR.PR.A", "BIR.PR.C" and "BIR.WT" respectively.
FOR FURTHER INFORMATION PLEASE CONTACT:
Birchcliff Energy Ltd.
Jeff Tonken
President and Chief Executive Officer
(403) 261-6401
Birchcliff Energy Ltd.
Bruno Geremia
Vice-President and Chief Financial Officer
(403) 261-6401
Birchcliff Energy Ltd.
Jim Surbey
Vice-President, Corporate Development
(403) 261-6401
(403) 261-6424 (FAX)
Birchcliff Energy (TSX:BIR)
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