Toronto, May 5, 2023.
Polaris Renewable Energy's board of directors remains committed to paying a quarterly dividend and will consider further dividend increases, as appropriate, in the future
Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris Renewable Energy" or the "Company"), is pleased to announce that its board of directors has declared a quarterly dividend of $0.15 per outstanding common share. This dividend will be paid on May 26, 2023 to shareholders of record as of the close of business on May 15, 2023. The dividend is an "eligible dividend" for Canadian federal, provincial and territorial income tax purposes. Company management also wants to remain committed to paying a quarterly dividend and will consider further dividend increases, as appropriate, in the future. About Polaris Renewable Energy Inc. Polaris Renewable Energy Inc. (formerly Polaris Infrastructure Inc.) is a Canadian publicly traded company engaged in the acquisition, development and exploitation of renewable energy projects in the Americas. "We are a high performing and financially sound contributor to the energy transition." The company operates in 5 Latin American countries and includes one geothermal power plant (~72 MW), 3 run-of-river hydropower plants (33 MW), and 3 solar (photovoltaic) projects. operating (35 MWac). This press release contains certain "forward-looking statements" which may include, but are not limited to, statements regarding future events or results, management expectations regarding the Company's ability to continue to distribute dividends in the future, etc. This forward-looking information reflects management's current beliefs and is based on information currently available to it. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "expected", "budget", "scheduled", "estimates", "foresees", "predicts" , "intends", "aims", "intends", "anticipates" or "believes" or variations (including negative variations) of such words and phrases, or may be identified by statements to the effect that certain actions "may", " could', 'should', 'would', 'might' or 'will take place', occur or be achieved.
ContactContact name: Polaris Renewable Energy Inc.Contact description: Polaris Renewable Energy Inc.Contact phone: 1 647-245-7199