CALGARY, ALBERTA--(Marketwired - March 12, 2014) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) today announced that its Board of Directors has declared the following dividends on its outstanding preferred shares:
-- A quarterly cash dividend of $0.50 per share for the calendar quarter
ending on March 31, 2014, on Birchcliff's outstanding Cumulative
Redeemable Preferred Shares, Series A. The dividend is payable on March
31, 2014 to shareholders of record as at the close of business on March
24, 2014. The dividend is designated as an eligible dividend for
purposes of the Income Tax Act (Canada); and
-- A quarterly cash dividend of $0.4375 per share for the calendar quarter
ending on March 31, 2014, on Birchcliff's outstanding Cumulative
Redeemable Preferred Shares, Series C. The dividend is payable on March
31, 2014 to shareholders of record as at the close of business on March
24, 2014. The dividend is designated as an eligible dividend for
purposes of the Income Tax Act (Canada).Birchcliff is a Calgary, Alberta based intermediate oil and gas company with operations concentrated within its one core area, the Peace River Arch of Alberta. Birchcliff's Common Shares; Cumulative Redeemable Preferred Shares, Series A; Cumulative Redeemable Preferred Shares, Series C; and Warrants are listed for trading on the Toronto Stock Exchange under the symbols "BIR", "BIR.PR.A", "BIR.PR.C" and "BIR.WT" respectively.