RCS - Polaris Renewable - Polaris Renewable Declares Quarterly Dividend

Polaris Renewable EnergyAnnouncement

05/02/2025 15:00

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RNS Number : 9308V  Polaris Renewable Energy Inc  05 February 2025

Polaris Renewable Energy Declares Quarterly Dividend

TORONTO, ON / ACCESS Newswire (https://www.accessnewswire.com/)  / February
5, 2025 / 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 US$0.15 per common share outstanding.

 

This dividend will be paid on February 28th to shareholders of record at the
close of business on February 17th. The dividend is an "eligible dividend" as
designated for Canadian federal, provincial, and territorial income tax
purposes.

The board of directors of Polaris Renewable Energy remains committed to paying
a quarterly dividend and will evaluate further dividend increases, as
appropriate, going forward.

About Polaris Renewable Energy Inc.

Polaris Renewable Energy Inc. is a Canadian publicly traded company engaged in
the acquisition, development, and operation of renewable energy projects in
Latin America & the Caribbean. We are a high-performing and financially
sound contributor to the energy transition.

The Company's operations include a geothermal plant (~82 MW), four run-of
river hydroelectric plants (~40 MW), three solar (photovoltaic) projects in
operation (~35 MW) and one wind park (26 MW) following closing of the Puerto
Rico acquisition.

For more information, contact:

Investor Relations

Polaris Renewable Energy Inc.

Phone: +1 647-245-7199

Email: info@PolarisREI.com

Cautionary Statements

This press release contains certain "forward-looking information" which may
include, but is not limited to, statements with respect to future events or
future performance, the expected use of proceeds or rating(s) of any such
issuance, the Company's acquisition and other investment plans, any benefits
to the Company's financial or business performance, the settlement date of the
bonds and the listing of the bonds on the Oslo Alternative Bond Market. Such
forward-looking information reflects management's current beliefs and is based
on information currently available to management. Often, but not always,
forward-looking statements can be identified by the use of words such as
"plans", "expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "predicts", "intends", "targets", "aims", "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" be taken, occur or be
achieved. A number of known and unknown risks, uncertainties and other factors
may cause the actual results or performance to materially differ from any
future results or performance expressed or implied by the forward-looking
information. Such factors include, among others, the ability of the Company to
satisfy any interest payments, which may be affected by such factors as
general business, economic, competitive, political and social uncertainties;
the actual results of current geothermal, solar and hydro energy production,
development and/or exploration activities and the accuracy of probability
simulations prepared to predict prospective geothermal resources; changes in
project parameters as plans continue to be refined; possible variations of
production rates; failure of plant, equipment or processes to operate as
anticipated; accidents, labour disputes and other risks of the geothermal and
hydro power industries; political instability or insurrection or war; labour
force availability and turnover; delays in obtaining governmental approvals or
in the completion of development or construction activities, or in the
commencement of operations; the ability of the Company to continue as a going
concern and general economic conditions, as well as those factors discussed in
the section entitled "Risk Factors" in the Company's Annual Information Form.
These factors should be considered carefully and readers of this press release
should not place undue reliance on forward-looking information.

Although the forward-looking information contained in this press release is
based upon what management believes to be reasonable assumptions, there can be
no assurance that such forward-looking information will prove to be accurate,
as actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place undue
reliance on forward-looking information. The information in this press
release, including such forward-looking information, is made as of the date of
this press release and, other than as required by applicable securities laws,
Polaris assumes no obligation to update or revise such information to reflect
new events or circumstances.

SOURCE: Polaris Renewable Energy Inc.

 

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