Pinnacle Renewable Holdings Inc. will host its annual general meeting of shareholders (the “Meeting”) at 10:00 am on Thursday, June 21, 2018 at McCarthy Tetrault LLP, Suite 2400, 745 Thurlow Street in downtown Vancouver, B.C.
Pinnacle Renewable Holdings Inc., the parent company of Pinnacle Renewable Energy, is listed on the Toronto Stock Exchange under the trading symbol “PL”.
As at October 15, 2018, Pinnacle had 33,003,713 common shares issued and outstanding.
Pinnacle intends to pay quarterly dividends to it shareholders. The current quarterly dividend is approximately $0.15 per common share, or $0.60 per share on an annualized basis. Dividends will be declared and paid in arrears.
|Period||Record Date||Payment Date||Amount per Common Share|
|Q1 2018||May 11, 2018||May 22, 2018||$0.09(1)|
|Q2 2018||August 9, 2018||August 20, 2018||$0.15|
(1) The Q1 2018 dividend is for the period beginning on February 6, 2018 (the closing date of Pinnacle’s Initial Public Offering) and ending on March 30, 2018. Subsequent quarterly dividend payments are expected to be $0.15 per share, reflecting full quarterly periods of operations as a public company.
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Pinnacle currently operates seven wood pellet production facilities throughout western Canada, and one production facility in Alabama. Pinnacle’s Canadian production facilities are all located on major rail lines allowing for efficient rail transport to one of two ocean shipping terminals on the B.C. coast: Pinnacle’s wholly-owned Westview terminal in Prince Rupert, and the Fibreco Terminal at the Port of Vancouver. The Alabama production facility utilizes inland waterways to cost-effectively transport pellets for ocean shipping via the Port of Mobile on the U.S. Gulf Coast.