CALGARY, ALBERTA, September 27, 2017 – Critical Control Energy Services Corp. (“Critical Control” or the “Corporation”) (TSX:CCZ.PR.A) announces that the directors of the Corporation declared a quarterly cash dividend on its series A preferred shares of $0.0376986 per share, payable on or about October 2, 2017 to shareholders of record at the close of business on September 15, 2017. This dividend has been prorated to account for the series A preferred shares being issued on July 6, 2017, and as such, would represent a cash dividend of $0.16 per series A preferred share on an annualized basis.
Critical Control expects this dividend to be designated as an “eligible dividend” for Canadian income tax purposes.
About Critical Control
Critical Control provides solutions for the collection, control and analysis of measurement and operational data related to oil and gas wells across North America. We provide services to capture the data, cloud-based software to visualize and manage it and the business intelligence to make quicker and more informed operational decisions.
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President & CEO
Tel (403) 705-7500