|Bid||1.0600 x 0|
|Ask||1.1200 x 0|
|Day's Range||1.0600 - 1.0600|
|52 Week Range||0.7000 - 1.4500|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug. 31, 2020 - Sep. 07, 2020|
|Forward Dividend & Yield||0.04 (3.88%)|
|Ex-Dividend Date||Jul. 28, 2020|
|1y Target Est||N/A|
VANCOUVER, BC / ACCESSWIRE / July 13, 2020 / RE Royalties Ltd . (TSXV:RE) ("RE Royalties" or the "Company") is pleased to announce that the Board of Directors of the Company has declared ...
The Company has refinanced the existing OntarioCo loan and the new loan is a $5 Million loan for a term of one year at an interest rate of 10 percent. As part of the transaction the Company acquired gross revenue royalties (2%) on the Second Portfolio for approximately 20 years. In addition, the royalty rate on its original portfolio of 49 projects has also been increase to 2%.
The distribution is payable on May 20, 2020 to shareholders of record on April 29, 2020. The distribution is designated by the Company to be a dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation.