Frontera’s Dividend Reinvestment Plan
Frontera adopted a Divididend Reinvestment Plan effective December 17, 2018 to provide shareholders of Frontera who are resident in Canada with the option to have the cash dividends declared on their common shares of Frontera reinvested automatically back into additional Shares, without the payment of brokerage commissions or service charges.
Participation in the Plan is option; shareholders of Frontera who do not wish to participate in the Plan will receive a cash dividend. Dividends are payable only as and when declared by Frontera’s board of directors.
Download the DRIP Enrollment Form from Computershare Trust Company of Canada or call 1-800-564-6253.
Frontera Dividend Details
|Declaration Date||Record Date||Payment Date||As Declared cents per share ($C)|
|December 6, 2018||January 3, 2019||January 17, 2019||0.33|
|March 13, 2019||April 2, 2019||April 16, 2019||0.165|
|May 30, 2019||July 3, 2019||July 17, 2019||0.205|
|August 1, 2019||August 9, 2019||August 23, 2019||0.535|
|August 1, 2019||October 2, 2019||October 16, 2019||0.205|
|November 6, 2019||January 3, 2020||January 17, 2020||0.205|
Eligibility of Dividends for Canadian Tax Purposes
All dividends paid by Frontera are designated as “eligible dividends” for Canadian tax purposes.
Information for Non-Resident Shareholders
Dividends paid by Frontera Energy Corporation will be subject to Canadian withholding tax at the rate of 25% unless the rate is reduced under the provisions of a tax treaty between Canada and the non-resident shareholder’s jurisdiction of residence.
Where the non-resident shareholder is a United States resident entitled to benefits under the Canada-U.S. tax treaty, the rate of Canadian withholding tax on dividends is generally reduced to 15%. You may be eligible to claim a credit or deduction against your local taxes with respect to these Canadian non-resident withholding taxes. In addition, qualifying tax-exempt entities may be entitled to a 0% rate of withholding tax.
To reduce future withholding, shareholders are encouraged to speak with their broker or intermediary to obtain the applicable tax forms.
For shareholders filing U.S income tax returns, Frontera Energy Corp. is a “qualified foreign corporation” and the dividends paid on common shares are considered to be “qualified dividends”.
The tax information found on this page is not intended to provide legal or tax advice. If you have any questions regarding the taxation of Canadian dividends in your local jurisdiction, please contact your local tax advisor.