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Investors

Freehold has a long history of providing consistent returns to its shareholders, through a unique North American strategy. From an Initial Public Offering of $10 per share, Freehold returned greater than $2.1 billion or $35 per share to its investors.

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Uniquely North American

Investor Presentation | Spring 2024

Freehold manages one of the largest non-government portfolios of oil and natural gas royalties in Canada with a sizeable land base in the U.S., uniquely positioning Freehold as a leading North American energy royalty company.

Upcoming Events

Q2-2024 Results

July 31, 2024

Important Dates
Ex-Dividend Date

Date of Payment

March 15, 2024

Our Strategy

As a leading royalty oil and gas company, Freehold’s objective is to deliver growth and lower risk attractive returns to shareholders over the long term. Freehold accomplishes this by:

01 Creating Value

  • Drive oil and gas development on our lands through our lease out programs
  • Acquire quality assets with acceptable risk profiles and long economic life
  • Generate gross overriding royalties for revenue growth

02 Enhancing Value

  • Maximize our royalty interests through a comprehensive audit program
  • Manage our debt prudently with a target of below 1.5 times net debt to funds from operations

03 Delivering Value

  • Target a dividend payout ratio of ~60%

Long-term Growth & Low-risk Returns

Reports & Filings

Dividends & Taxes

Dividends

The Board reviews and determines the dividend on a quarterly basis after considering expected commodity prices, foreign exchange rates, economic conditions, production volumes, tax payable, and our capacity to finance operating and investing obligations. The dividend rate is established with the intent of mitigating short-term market volatility over several months. It also recognizes our intention to fund capital expenditures primarily through funds generated from operations and to maintain a strong balance sheet to take advantage of acquisition opportunities.

Record dates for regular monthly dividends are the end of each month, and payment dates are approximately the 15th day of the following month.

The regular monthly dividend is currently fixed at $0.09 per share.

Direct Deposit

A Direct Deposit option is in place to provide shareholders who have Canadian bank accounts with a method of receiving cash dividends as a direct deposit into their bank account.

U.S. Currency Payment Plan

Shareholders may elect to receive their dividend payments in U.S. funds.

Taxes

Canadian Income Tax

Dividends paid on common shares are designated as eligible dividends for Canadian income tax purposes. If you have any questions regarding the taxation of eligible dividends, please contact your Canadian tax advisor or your local office of the Canada Revenue Agency.

Non-Resident Tax

Shareholders who are not residents of Canada for income tax purposes are encouraged to seek advice from a qualified tax advisor in their country of residence regarding the tax treatment of dividends.

Non-resident Withholding Tax

Dividends paid or payable to non-residents of Canada are subject, on the date of payment, to a withholding tax of 25%, as prescribed by the Income Tax Act (Canada). This withholding tax may be reduced in accordance with reciprocal tax treaties. In the cast of the Tax Treaty between Canada and the U.S., the withholding tax for U.S. residents is prescribed at 15%.

U.S. Residents

The majority of Freehold’s revenue is derived from non-operated royalty interests. Based on the nature of our assets, our dividends are not “qualified dividends” for U.S. tax purposes.

In consultation with its U.S. tax advisors, Freehold believes that it should be classified as a passive foreign investment company (“PFIC”) under U.S. federal income tax principles. As such, dividends are subject to the provisions of U.S. federal income taxation applicable to PFICs.

Analysts

Any opinions, estimates or forecasts regarding Freehold’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Freehold or its management. Freehold does not by its reference herein imply its endorsement of or concurrence with such information, conclusions or recommendations.

Acumen Capital
Trevor Reynolds

ATB Capital Markets
Patrick O’Rourke

Canaccord Genuity
Mike Mueller

CIBC World Markets Inc.
Jamie Kubik

Peters & Co. Limited
Tyler Reardon

RBC Dominion Securities Inc.
Luke Davis

Scotia Capital
Jason Bouvier

TD Securities Inc.
Aaron Bilkoski

Cormark Securities Inc.
Brent Watson

Desjardins Capital Markets
Chris MacCulloch

Eight Capital
Phil Skolnick

Haywood Securities Inc.
Christopher Jones

National Bank Financial
Travis Wood

BMO Capital Markets
Jeremy McCrea