Steel Reef Infrastructure Corp. Announces Special Dividend
Steel Reef Infrastructure Corp. ("Steel Reef"), a leader in associated gas capture in Saskatchewan, has declared a special dividend of $0.11 per common share. The dividend will be payable on September 15, 2023, to shareholders of record as of September 4, 2023. This dividend is classified as an "eligible dividend" for Canadian tax purposes.
Steel Reef, formed in 2012, operates essential infrastructure in the Western Canadian Sedimentary Basin and Bakken Resource Play. The company focuses on capturing, processing, and transporting associated natural gas while reducing carbon intensity and converting gas into usable energy sources. With a portfolio of infrastructure assets, Steel Reef aims to maximize long-term shareholder value.
Dividend payments will be subject to applicable statutory deductions and tax withholdings as prescribed by law. It is important to note that forward-looking statements have inherent risks and uncertainties, and actual results may differ from anticipated outcomes. Steel Reef will update forward-looking statements as necessary, based on changing circumstances and applicable laws.
In conclusion, Steel Reef Infrastructure Corp.'s announcement of a special dividend reflects the company's commitment to delivering value to its shareholders. The dividend payment underscores the company's focus on sustainable energy practices and its dedication to maximizing long-term shareholder value.
Impact of Steel Reef's Special Dividend Announcement on New Businesses
The announcement by Steel Reef Infrastructure Corp. of a special dividend is a significant move that carries implications for new businesses, particularly those in the energy sector. This action demonstrates Steel Reef's commitment to delivering value to its shareholders, a principle that is vital for all businesses, regardless of their stage of development.
For new businesses, this announcement underscores the importance of having a clear strategy for maximizing shareholder value. Whether through dividends, share buybacks, or reinvestment into the business, companies need to have a plan for how they will use their profits to benefit their shareholders.
Furthermore, Steel Reef's focus on sustainable energy practices offers a model for new businesses in the energy sector. The company's work in capturing, processing, and transporting natural gas, while reducing carbon intensity and converting gas into usable energy sources, shows how businesses can be both profitable and environmentally responsible.
In conclusion, Steel Reef's special dividend announcement serves as a reminder to new businesses of the importance of delivering shareholder value and the potential of sustainable practices in the energy sector.
.svg)
