AUGUST DIVIDEND ANNOUNCEMENT - CRC ROYALTY CORPORATION
August 24, 2015
VANCOUVER, BRITISH COLUMBIA
The board of directors of CRC Royalty Corporation (“CRC”) has approved a distribution of dividends of $0.0100 per common share, payable on or about August 31, 2015, to shareholders of record on August 24, 2015, which was based upon royalty unit distributions less a provision for income taxes and expenses. Please also be advised that this dividend, for tax purposes is classified as an “ineligible dividend” which results in a lower gross dividend amount and a related lower amount of federal dividend tax credit associated with the dividend payment.
CRC’s mandate is to pay investors regular monthly distributions from the revenue realized from its investment in royalty units of Caledonian Royalty Corporation (“Caledonian”) which owns a portfolio of gross over-riding royalties.
ON BEHALF OF THE BOARD OF DIRECTORS
Hugh Cartwright, Chairman
CRC Royalty Corporation
The press release shall not constitute an offer to sell or the solicitation of any offer to buy the securities. This release is provided for information purposes only.