Paramount Resources Ltd. Announces Special Meeting Voting Results and Asset Sale Update
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2025
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Source: Yahoo Finance
Shareholder Approval: Paramount Resources Ltd. announced that 97.29% of shareholders approved a special resolution to reduce the stated capital of its common shares, allowing for a cash return of capital to shareholders following an asset sale to Ovintiv Inc.
Special Distribution Details: The company plans to distribute $15.00 per common share, consisting of a $12.00 return of capital and a $3.00 eligible dividend, contingent upon the successful closing of the transaction and formal declaration by the Board of Directors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
