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That announced dividend was $0.15 per common share outstanding.

Toronto, May 2, 2024.- Polaris Renewable Energy Inc. (TSX:PIF) (“Polaris Renewable Energy” or the “Company”), is pleased to announce that its board of directors has declared a quarterly dividend of $0.15 per common share outstanding.

This dividend will be paid on May 24, 2024 to shareholders of record at the close of business on May 13, 2024. The dividend is a “qualifying dividend” for Canadian federal, provincial and territorial income tax purposes.

The board of directors of Polaris Renewable Energy remains committed to paying a quarterly dividend and will evaluate further dividend increases, as appropriate, in the future.

“Since initiating a dividend policy in 2016, we now have a track record of thirty-three consecutive dividends,” said Polaris CEO Marc Murnaghan. “Business growth and diversification, while continuing to return capital to shareholders, will continue to be the model going forward.”

Sobre Polaris Renewable Energy Inc.

Polaris Renewable Energy Inc. (formerly Polaris Infrastructure Inc.) is a publicly traded Canadian company engaged in the acquisition, development and operation of renewable energy projects in Latin America. “We are a high-performing and financially sound contributor to the energy transition.”

The company operates in 5 Latin American countries and includes one geothermal plant (82 MW), 3 run-of-river hydroelectric plants (33 MW) and 3 solar (photovoltaic) projects in operation (35 MW).

This press release contains “forward-looking information” that may include, but is not limited to, statements regarding future events or results, as well as management’s expectations regarding the company’s ability to continue to distribute dividends in the future. This forward-looking information reflects management’s current beliefs and is based on information currently available to it.


Contact name: Polaris Renewable Energy

Contact description: Polaris Renewable Energy

Contact phone: 1 647-245-7199