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  4. Pine Cliff Energy Ltd. Declares Monthly Dividend for June 30, 2025 and Announces Renewal and Extension of Debt Facilities

Pine Cliff Energy Ltd. Declares Monthly Dividend for June 30, 2025 and Announces Renewal and Extension of Debt Facilities

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Pine Cliff Energy (PIFYF) has announced a monthly dividend of $0.00125 per common share, payable on June 30, 2025, to shareholders of record as of June 16, 2025. The company has successfully renewed its debt facilities, including maintaining its demand loan at $15 million, eliminating a previously planned reduction to $12 million. Additionally, Pine Cliff has modified its term debt agreement, reducing annual scheduled amortization payments from 15.0% to 7.5% of the initial principal balance and extending the maturity date to January 3, 2028. The company has also eliminated the dividend-linked amortization payments that were introduced in late 2024.
Pine Cliff Energy (PIFYF) ha annunciato un dividendo mensile di 0,00125 dollari per azione ordinaria, pagabile il 30 giugno 2025 agli azionisti registrati al 16 giugno 2025. L'azienda ha rinnovato con successo le sue linee di credito, mantenendo il prestito a richiesta a 15 milioni di dollari, eliminando cos矛 la riduzione precedentemente prevista a 12 milioni. Inoltre, Pine Cliff ha modificato il contratto di debito a termine, riducendo i pagamenti annuali di ammortamento programmato dal 15,0% al 7,5% del capitale iniziale e prorogando la scadenza al 3 gennaio 2028. La societ脿 ha anche eliminato i pagamenti di ammortamento legati al dividendo introdotti alla fine del 2024.
Pine Cliff Energy (PIFYF) ha anunciado un dividendo mensual de 0,00125 d贸lares por acci贸n com煤n, pagadero el 30 de junio de 2025 a los accionistas registrados al 16 de junio de 2025. La compa帽铆a ha renovado con 茅xito sus facilidades de deuda, manteniendo su pr茅stamo a demanda en 15 millones de d贸lares, eliminando as铆 una reducci贸n previamente planificada a 12 millones. Adem谩s, Pine Cliff ha modificado su acuerdo de deuda a plazo, reduciendo los pagos anuales de amortizaci贸n programada del 15,0% al 7,5% del saldo principal inicial y extendiendo la fecha de vencimiento al 3 de enero de 2028. La empresa tambi茅n ha eliminado los pagos de amortizaci贸n vinculados al dividendo que se introdujeron a finales de 2024.
Pine Cliff Energy (PIFYF)電� 氤错喌欤� 1欤茧嫻 鞗� 氚半嫻旮� 0.00125雼煬毳� 2025雲� 6鞗� 30鞚检棎 歆�旮夗暊 鞓堨爼鞚措┌, 2025雲� 6鞗� 16鞚� 旮办 欤检＜鞐愱矊 歆�旮夒惄雼堧嫟. 須岇偓電� 攵�毂� 鞁滌劋鞚� 靹标车鞝侅溂搿� 臧膘嫚頄堨溂氅�, 靾橃殧 雽�於滌潉 1,500毵� 雼煬搿� 鞙犾頃橃棳 鞚挫爠鞐� 瓿勴殟霅橃棃雿� 1,200毵� 雼煬搿滌潣 臧愳唽毳� 鞐嗢暣鞀惦媹雼�. 霕愴暅 Pine Cliff電� 毵岅赴 攵�毂� 瓿勳暯鞚� 靾橃爼頃橃棳 鞐瓣皠 鞓堨爼 靸來櫂鞎§潉 齑堦赴 鞗愱笀鞚� 15.0%鞐愳劀 7.5%搿� 欷勳澊瓿� 毵岅赴鞚检潉 2028雲� 1鞗� 3鞚茧 鞐办灔頄堨姷雼堧嫟. 鞎勳毟霟� 2024雲� 毵愳棎 霃勳瀰霅� 氚半嫻 鞐瓣硠 靸來櫂旮堧弰 韽愳頄堨姷雼堧嫟.
Pine Cliff Energy (PIFYF) a annonc茅 un dividende mensuel de 0,00125 $ par action ordinaire, payable le 30 juin 2025 aux actionnaires enregistr茅s au 16 juin 2025. La soci茅t茅 a renouvel茅 avec succ猫s ses facilit茅s d鈥檈ndettement, en maintenant son pr锚t 脿 la demande 脿 15 millions de dollars, supprimant ainsi une r茅duction initialement pr茅vue 脿 12 millions. De plus, Pine Cliff a modifi茅 son accord de dette 脿 terme, r茅duisant les paiements annuels d鈥檃mortissement programm茅s de 15,0 % 脿 7,5 % du solde principal initial et prolongeant la date d鈥櫭ヽh茅ance au 3 janvier 2028. La soci茅t茅 a 茅galement supprim茅 les paiements d鈥檃mortissement li茅s au dividende introduits fin 2024.
Pine Cliff Energy (PIFYF) hat eine monatliche Dividende von 0,00125 USD pro Stammaktie angek眉ndigt, zahlbar am 30. Juni 2025 an Aktion盲re, die zum 16. Juni 2025 im Register stehen. Das Unternehmen hat seine Kreditfazilit盲ten erfolgreich erneuert, darunter die Beibehaltung des Abrufkredits in H枚he von 15 Millionen USD und die Streichung einer zuvor geplanten Reduzierung auf 12 Millionen USD. Zus盲tzlich hat Pine Cliff seine Terminschuldenvereinbarung ge盲ndert, indem die j盲hrlichen planm盲脽igen Tilgungszahlungen von 15,0 % auf 7,5 % des urspr眉nglichen Kapitalbetrags gesenkt und das F盲lligkeitsdatum auf den 3. Januar 2028 verl盲ngert wurden. Das Unternehmen hat au脽erdem die im Sp盲therbst 2024 eingef眉hrten dividendenabh盲ngigen Tilgungszahlungen abgeschafft.
Positive
  • Maintenance of $15M demand loan facility, avoiding previously planned reduction to $12M
  • Reduced annual amortization payments from 15% to 7.5% of initial principal balance
  • Extension of debt maturity to January 2028, providing longer-term financial stability
  • Elimination of dividend-linked amortization payments, offering more financial flexibility
Negative
  • Monthly dividend remains at a relatively low amount of $0.00125 per share
  • Dividends designated as non-eligible dividends, which may have less favorable tax treatment for Canadian shareholders

Calgary, Alberta--(Newsfile Corp. - June 2, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid June 30, 2025, to shareholders of record on June 16, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice.

Renewal and Extension of Debt Facilities

Pine Cliff is pleased to announce it has finalized the renewal of its demand loan with a Canadian chartered bank at $15 million. The reduction to $12 million that was previously scheduled for May 31 has been eliminated.

The Company has also amended the agreement with its term debt holder to reduce its annual scheduled amortization payments to 7.5% of the initial principal balance from 15.0% previously, while also extending the maturity date on the facility to January 3, 2028. The dividend-linked amortization payments introduced in late 2024 have been eliminated.

About Pine Cliff

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on sedarplus.ca as well as on Pine Cliff's website at .

For further information, please contact:

Philip B. Hodge - President and CEO
Kristopher B. Zack - CFO and Corporate Secretary
Telephone: (403) 269-2289
Fax: (403) 265-7488
Email: [email protected]

The TSX does not accept responsibility for the accuracy of this release.

To view the source version of this press release, please visit

FAQ

What is Pine Cliff Energy's (PIFYF) monthly dividend amount for June 2025?

Pine Cliff Energy declared a monthly dividend of $0.00125 per common share, payable on June 30, 2025, to shareholders of record on June 16, 2025.

What changes did Pine Cliff Energy make to its debt facilities in 2025?

Pine Cliff maintained its demand loan at $15M (avoiding reduction to $12M), reduced annual amortization payments from 15% to 7.5%, extended debt maturity to January 2028, and eliminated dividend-linked amortization payments.

When is the record date for PIFYF's June 2025 dividend?

The record date for Pine Cliff Energy's June 2025 dividend is June 16, 2025.

How are Pine Cliff Energy's dividends designated for Canadian tax purposes?

The dividends are designated as non-eligible dividends for Canadian income tax purposes until further notice.

What is the new maturity date for Pine Cliff Energy's term debt facility?

The maturity date for Pine Cliff Energy's term debt facility has been extended to January 3, 2028.
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Pine Cliff Energy Ltd

OTC:PIFYF

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PIFYF Stock Data

191.65M
276.36M
11%
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Oil & Gas E&P
Energy
Canada
Calgary

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