Core Viewpoint - Freehold Royalties Ltd. has declared a dividend of Cdn. $0.09 per common share, payable on August 15, 2025, to shareholders of record on July 31, 2025, designated as "eligible dividends" for Canadian income tax purposes [1]. Company Overview - Freehold Royalties Ltd. is a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and about 1.2 million gross drilling acres in the United States [2]. - The company's common shares are traded on the Toronto Stock Exchange under the symbol FRU [2]. Investor Relations Contacts - Todd McBride, CPA, CMA, Investor Relations, can be contacted at 403.221.0833 or tmcbride@freeholdroyalties.com [3]. - Nick Thomson, CFA, Investor Relations, can be reached at 403.221.0874 or nthomson@freeholdroyalties.com [3].

Core Viewpoint - Freehold Royalties Ltd. has declared a dividend of Cdn. $0.09 per common share, payable on July 15, 2025, to shareholders of record on June 30, 2025, designated as "eligible dividends" for Canadian income tax purposes [1]. Company Overview - Freehold Royalties Ltd. is a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and about 1.2 million gross drilling acres in the United States [2]. - The company's common shares are traded on the Toronto Stock Exchange under the symbol FRU [2].

Core Viewpoint - Freehold Royalties Ltd. has appointed Shaina Morihira as the new Chief Financial Officer, effective June 4, 2025, succeeding David Hendry who is retiring [1][3] Group 1: Appointment Details - Shaina Morihira brings over 20 years of experience in the energy industry, with nine years at Enerplus Corporation [2] - In her previous role as Vice President, Finance at Enerplus, she led various financial functions and supported strategic objectives [2] - Morihira is a Chartered Accountant with a Master's in Professional Accounting and a Bachelor's in Commerce [2] Group 2: Company Positioning - Freehold Royalties is a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and 1.2 million gross drilling acres in the United States [3] - The company's common shares are traded on the Toronto Stock Exchange under the symbol FRU [3]

Core Viewpoint - Freehold Royalties Ltd. has announced the commencement of a normal course issuer bid (NCIB) to repurchase up to 13,699,733 common shares, representing approximately 10% of its issued and outstanding shares, to enhance shareholder value [1][2][4]. Group 1: NCIB Details - The NCIB is set to begin on May 27, 2025, and will end on the earlier of the completion of the share repurchase or May 26, 2026 [3]. - Freehold may purchase shares at a daily limit of 185,656 shares, which is 25% of the average daily trading volume of 742,626 shares over the past six months [2]. - The shares repurchased under the NCIB will be cancelled upon purchase [2]. Group 2: Rationale for Share Repurchase - The company believes that the current share price does not reflect its underlying value, and repurchasing shares will enhance per share metrics and increase overall shareholder value [4]. - An automatic securities purchase plan has been established to facilitate share repurchases during regulatory restrictions or blackout periods [5]. Group 3: Purchase Execution - Purchases will be executed by a registered broker through the TSX and other Canadian trading platforms at prevailing market prices [3]. - The actual number of shares purchased and the timing will be determined by the company [4].

Core Points - Freehold Royalties Ltd. announced the election of all nominees as directors at its Annual Meeting of Shareholders held on May 14, 2025 [1] - The appointment of KPMG LLP as auditors was approved with 93.69% of shares voting in favor [2] - The resolution regarding executive compensation was accepted with 95.14% of shares voting in favor [3] Group 1: Director Elections - All nominees listed in the notice of meeting were elected as directors [1] - Voting results for director nominees showed high approval rates, with David M. Spyker receiving the highest at 99.16% [2] Group 2: Auditor Appointment - KPMG LLP was appointed as the auditors of Freehold with a significant majority of 93.69% voting in favor [2] Group 3: Executive Compensation - The approach to executive compensation was approved by 95.14% of shares represented at the Meeting [3] Group 4: Company Positioning - Freehold is positioned as a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and 1.2 million gross drilling acres in the United States [3]

Core Insights - Freehold Royalties Ltd. reported record production levels in Q1-2025, achieving 16,248 boe/d, marking a 10% increase year-over-year [3][11] - The company generated $91 million in revenue and $68 million in funds from operations, translating to $0.42 per share [9][11] - The U.S. operations contributed significantly, with 54% of revenue and 43% of production, driven by premium pricing and higher liquids weighting [3][4] Financial Performance - Revenue for Q1-2025 was $91 million, an 18% increase from the previous quarter and a 23% increase year-over-year [11] - Funds from operations totaled $68 million, up from $61 million in Q4-2024 and $54 million in Q1-2024 [9][11] - The average realized price was $59.29/boe, reflecting a 9% increase from Q4-2024 and an 8% increase from Q1-2024 [11][29] Production and Operations - Total liquids production reached 10,635 bbls/d, an 8% increase from the previous quarter and a 15% increase year-over-year [9][11] - The company maintained its production guidance for 2025 at 15,800 to 17,000 boe/d [6] - A total of 322 gross wells were drilled in Q1-2025, a 12% increase from the previous quarter, with 71% of drilling focused in the U.S. [12][17] Leasing and Acquisitions - Freehold signed 25 new leases in Q1-2025, generating $3.9 million in revenue, with a record $3.3 million from U.S. leases [9][19] - The company completed $13.8 million in land purchases, including $11 million in high-quality undeveloped mineral title lands [11] Dividend and Capital Management - The board declared a monthly dividend of $0.09 per share, with a payout ratio of 65% for Q1-2025 [7][21] - Net debt at the end of Q1-2025 was $272.2 million, reduced by $10.1 million compared to year-end 2024 [21][9] - The company plans to implement a Normal Course Issuer Bid (NCIB) to acquire up to 10% of its issued shares [22][24]

Core Viewpoint - Freehold Royalties Ltd. is transitioning to a fully dedicated executive team and will terminate its management agreement with Rife Resources Management Ltd. effective May 1, 2025, aiming to streamline operations and enhance governance [1][2][4]. Group 1: Management Transition - The management agreement with Rife will be terminated without any associated fees, and Freehold will not experience significant changes in its cost structure [2][5]. - A seasoned executive team will lead Freehold, including David Spyker as President and CEO, David Hendry as CFO, and Rob King as COO, supported by 46 full-time employees [3][5]. - The transition is expected to be seamless, ensuring continuity in leadership and operations as Freehold focuses on its North American royalty platform [3][5]. Group 2: Strategic Rationale - The decision to evolve from the management arrangement, in place since 1996, is based on Freehold's strategic growth and positioning over the past five years [4]. - The Board of Directors believes that a dedicated team will enhance operational efficiency and governance, driving sustained value for shareholders [4]. - CN Investment Division, the largest shareholder, supports this transition and will maintain a nomination right for one director under a new governance agreement expected by year-end 2025 [4][5].

CALGARY, Alberta, April 15, 2025 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on May 15, 2025 to shareholders of record on April 30, 2025. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and approximately 1.2 m ...