Freehold Royalties Ltd. announces first quarter results for the period ended March 31, 2021. OPERATING AND FINANCIAL HIGHLIGHTS Three Months Ended March 31 FINANCIAL 2021 2020 Change Royalty and other revenue 36,745 26,284 40 % Net income 5,635 nm Per share, basic 0.04 nm Cash flows from operations 24,990 30,883 -19 % Funds from operations 32,421 20,248 60 % Per share, basic 0.25 0.17 47 % Acquisitions and related [...]
Freehold Royalties Ltd. announces that its Board of Directors has declared a dividend of Cdn. $0.03 per common share to be paid on May 17, 2021 to shareholders of record on April 30, 2021. 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. announces fourth quarter and annual results for the period ended December 31, 2020. Operating and Financial Highlights Three Months Ended December 31 Twelve Months Ended December 31 FINANCIAL 2020 2019 Change 2020 2019 Change Royalty and other revenue 25,793 36,827 -30% 89,958 140,837 -36% Net income 373 6113 -94% 5,193 nm Per share, basic and diluted - 0.05 -100% 0.04 nm Cash flows from operations [...]
Freehold Royalties Ltd. announces that its Board of Directors has declared a dividend of Cdn. $0.02 per common share to be paid on March 15, 2021 to shareholders of record on February 28, 2021. 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. is pleased to announce that it has appointed David Spyker as its new President and Chief Executive Officer. Mr. Spyker joined Freehold as Vice-President, Production in November 2016 and was appointed Chief Operating Officer in March 2019. Since September 2020 Mr. Spyker has served as Freehold's Interim President and Chief Executive Officer. Mr. Spyker has over 30 years of industry experience. He [...]
Freehold Royalties Ltd. announces that its Board of Directors has declared a dividend of Cdn. $0.02 per common share to be paid on February 16, 2021 to shareholders of record on January 31, 2021. 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 it has closed its previously announced acquisition of diversified, high quality, U.S. royalty assets for US$58 million . The Acquired Assets will play a key role in strengthening the resiliency of Freehold’s portfolio, enhancing the near-term and long-term sustainability of Freehold’s dividend and providing option value to return capital to shareholders through multiple years of free [...]
Freehold Royalties Ltd. announces that its Board of Directors has declared a dividend of Cdn. $0.02 per common share to be paid on January 15, 2021 to shareholders of record on December 31, 2020. These dividends are designated as “eligible dividends” for Canadian income tax purposes. In addition to paying the dividend to holders of Freehold common shares, Freehold will also pay a dividend equivalent payment to holders of [...]
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 [...]