CALGARY, May 15, 2020 /CNW/ - SECURE ENERGY Services Inc.'s ("SECURE") (TSX – SES) Board of Directors has declared a dividend for the month of June 2020 of 0.25 cents per common share payable on or about June 15, 2020, to shareholders of record on June 1, 2020. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada). To be an eligible shareholder, a shareholder must be resident in Canada and must not be a "U.S. person" within the meaning of United States ("U.S. ") federal securities laws.
Following the June 2020 dividend payment, SECURE will be moving to a quarterly dividend, with the first planned payment of 0.75 cents per share expected to be announced on September 15, 2020, and to occur on or about October 15, 2020, to shareholders of record on October 1, 2020.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in U.S., in any province or territory of Canada or in any other jurisdiction. The securities to be offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the U.S. absent registration or absent an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
ABOUT SECURE
SECURE is a TSX publicly traded energy business providing industry leading customer solutions to upstream oil and natural gas companies operating in western Canada and certain regions in the United States ("U.S.") through its network of midstream processing and storage facilities, crude oil and water pipelines, and crude by rail terminals located throughout key resource plays in western Canada, North Dakota and Oklahoma. SECURE's core midstream infrastructure operations generate cash flows from oil production processing and disposal, produced water disposal, and crude oil storage, logistics, and marketing. SECURE also provides comprehensive environmental and fluid management for landfill disposal, onsite abandonment, remediation and reclamation, drilling, completion and production operations for oil and gas producers in western Canada.
SOURCE SECURE Energy Services Inc.
