Birchcliff Energy Ltd.

TSX : BIR


Birchcliff Energy Ltd.

June 03, 2014 14:52 ET

Birchcliff Energy Ltd. Announces Quarterly Preferred Share Dividend

CALGARY, ALBERTA--(Marketwired - June 3, 2014) -

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.

Contact Information

  • 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)