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.