Steel Reef Announces $0.0225 per Common Share Dividend
May 23 2019 - 11:14AM
Steel Reef Infrastructure Corp. (“
Steel Reef”) is
pleased to announce the declaration of a dividend of $0.0225 per
common share for the first quarter of 2019 payable on June 14, 2019
to shareholders of record at the close of business on June 4, 2019.
The dividend is considered to be an “eligible dividend” for
Canadian tax purposes.
About Steel Reef Infrastructure
Corp.:
Steel Reef is a midstream company focused on
strategically partnering with oil and gas exploration, development
and production companies to develop a portfolio of midstream
assets, through acquisition or construction, with a view to
generating a regular dividend for its investors.
CONTACT INFORMATION Scott Southward
President and Chief Executive Officer
(587) 391-1320
www.steelreef.ca
William ChampionChief Financial Officer(587) 391-1319
Forward-Looking Information
Certain statements contained in this release are
forward-looking in nature, including with respect to the payment of
dividends in the future. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or are
not statements of historical fact and should be viewed as
“forward-looking statements”. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
Steel Reef to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements.
In particular, the declaration of dividends is
subject to any further resolution of the board of directors of
Steel Reef and the payment of dividends in the future is dependent
on the satisfaction of the applicable solvency test in Steel Reef’s
governing statute (the Business Corporations Act (Alberta)). Steel
Reef’s ability to pay dividends can be adversely affected by many
factors beyond Steel Reef’s control including commodity
supply/demand balances and prices; construction and input costs;
activities of producers, competitors, customers, business partners
and others; access to third party facilities; overall economic and
market conditions; operational risks associated with Steel Reef's
business and operations; potential delays or changes in plans with
respect to development projects or capital expenditures or the
results therefrom; the legislative, regulatory and tax environment;
and other known or unknown factors.
Dividend payments to shareholders will be
subject to applicable statutory deductions and tax withholdings
prescribed by applicable law.
There can be no assurance that such
forward-looking statements will prove to be accurate as actual
results and future events could vary or differ materially from
those anticipated in such statements. Accordingly, readers should
no place undue reliance on forward-looking statements contained in
this release. The forward-looking statements contained herein are
expressly qualified by this cautionary statement.
Forward-looking statements are made based on
management’s beliefs, estimates and opinions on the date the
statements are made and Steel Reef undertakes no obligation to
update forward-looking statements and if these beliefs, estimates
and opinions or other circumstances should change, except as
required by applicable law.