Freehold Royalties Ltd. announces that it has completed its previously announced bought deal financing, issuing 9,856,000 subscription receipts at a price of $4.80 per Subscription Receipt for gross proceeds of approximately $47.3 million, which included the full exercise of the over-allotment option granted to the underwriters. The bought deal offering was completed through a syndicate of underwriters led by RBC Capital [...]
Freehold Royalties Ltd. has entered into a definitive agreement with a private seller to acquire a diversified, high quality, U.S. royalty package for US$58 million . The Acquired Assets will play a key role in strengthening the resiliency of our portfolio in a volatile oil price environment, enhancing the near-term and long-term sustainability of Freehold's dividend and providing option value to return capital to our [...]
Freehold Royalties Ltd. announces third quarter results for the period ended September 30, 2020. Results at a Glance Three Months Ended September 30 Nine Months Ended September 30 FINANCIAL 2020 2019 Change 2020 2019 Change Royalty and other revenue 23,123 33,068 -30 % 64,165 104,010 -38 % Net income 139 2,729 -95 % -1455 % Per share, basic and diluted - 0.02 -100 % -1100 % Cash flows from operations 1,130 30,711 -96 [...]
Freehold Royalties Ltd. announces that it will be releasing operating and financial results for the third quarter of 2020 after market close on Tuesday, November 10th, 2020. A results conference call will be hosted by Freehold’s Interim President and CEO, David Spyker, and other members of management at 4:00 PM MST on November 10th, 2020 to discuss these results. Details of the conference call are noted below. Third [...]
Freehold Royalties Ltd. announces that its Board of Directors has declared a dividend of Cdn. $0.015 per common share to be paid on November 16, 2020 to shareholders of record on October 31, 2020. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold’s focus is on acquiring and managing oil and gas royalties. Freehold’s common shares trade on the Toronto Stock Exchange in Canada [...]
Freehold Royalties Ltd. announces that its Board of Directors has declared a dividend of Cdn. $0.015 per common share to be paid on October 15, 2020 to shareholders of record on September 30, 2020. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold’s focus is on acquiring and managing oil and gas royalties. Freehold’s common shares trade on the Toronto Stock Exchange in [...]
Freehold Royalties Ltd. announces that Thomas Mullane, President and Chief Executive Officer of the Company, has resigned effective as of today. David Spyker, Chief Operating Officer, has been appointed to the role of Interim President and Chief Executive Officer during the formal process of identifying a permanent Chief Executive Officer. Mr. Mullane joined Freehold in July 2012 and was appointed President and Chief [...]
Freehold Royalties Ltd. announces second quarter results for the period ended June 30, 2020. Results at a Glance Three Months Ended June 30 Six Months Ended June 30 FINANCIAL 2020 2019 Change 2020 2019 Change Royalty and other revenue 14,758 35,333 -58 % 41,042 70,942 -42 % Net income 3,430 -258 % -296 % Per share, basic and diluted 0.03 -267 % -300 % Cash flows from operations 13,144 27,816 -53 % 44,027 47,136 -7 % Funds [...]
Freehold Royalties Ltd. announces that its Board of Directors has declared a dividend of Cdn. $0.015 per common share to be paid on August 17, 2020 to shareholders of record on July 31, 2020. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold’s focus is on acquiring and managing oil and gas royalties. Freehold’s common shares trade on the Toronto Stock Exchange in Canada [...]
As a result of the quarterly review, S&P Dow Jones Indices will make the following changes in the S&P/TSX Composite Index and S&P/TSX 60 Index prior to the open of trading on Monday, June 22, 2020: S&P/TSX 60 INDEX – June 22, 2020 COMPANY GICS SECTOR GICS SUB-INDUSTRY ADDED Algonquin Power & Utilities Corp. Utilities Multi-Utilities ADDED Canadian Apartment Properties REIT Real Estate Residential REITs DELETED BlackBerry [...]
Freehold Royalties Ltd. announces that its Board of Directors has declared a dividend of Cdn. $0.015 per common share to be paid on July 15, 2020 to shareholders of record on June 30, 2020. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold’s focus is on acquiring and managing oil and gas royalties. Freehold’s common shares trade on the Toronto Stock Exchange in Canada under [...]
Freehold Royalties Ltd. previously announced that in 2019 it received a proposal letter from Canada Revenue Agency wherein CRA stated that it intended to re-assess and deny Freehold’s deduction of certain non-capital losses claimed and carried forward in the tax returns filed for the years 2015 through 2018. Freehold has now received notices of reassessment from the CRA in which the CRA has denied the deduction of certain [...]
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