Tourmaline’s current dividend payment is as follows:
December 5, 2019
December 16, 2019
December 31, 2019
(C$ PER COMMON SHARE)
Eligibility of Dividends for Canadian Tax Purposes
All dividends paid by Tourmaline are designated as “eligible dividends” for Canadian tax purposes. This designation will apply until a notification of a change is posted on this website.
The Board of Directors has overall responsibility for the establishment and oversight of the Company’s risk management framework. The Company’s risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to market conditions and the Company’s activities. As part of its approach to risk management, the Company has entered into certain financial derivative contracts in order to manage commodity risk.
The Extractive Sector Transparency Measures Act (the Act) was enacted on December 16, 2014, and brought into force on June 1, 2015. The Act delivers on Canada’s international commitments to contribute to global efforts to increase transparency and deter corruption in the extractive sector by requiring extractive entities active in Canada to publicly disclose, on an annual basis, specific payments made to all governments in Canada and abroad.
Please see Tourmaline’s ESTMA filings below: