Investors

DIVIDENDS

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Dividend Strategy

Enhancing total shareholder return through the return of capital is a key component in the Company’s five-year plan, which can be achieved through a combination of dividends and share buybacks.

Tamarack’s dividend policy undergoes a periodic review by the Board of Directors and is subject to change at any time depending upon the earnings of the Company, its financial requirements and other factors existing at the time. Prior to 2022, dividends had not been paid on the common shares of the Company. On October 27, 2021, the Board of Directors approved a dividend policy for the payment of Tamarack’s first regular monthly dividend.

DIVIDEND HISTORY
Declaration Date
Record Date
Payment Date
Dividend per Common Share
January 16, 2023
January 31, 2023
February 15, 2023
C$0.0125
December 16, 2022
December 30, 2022
January 16, 2023
C$0.0125
November 15, 2022
November 30, 2022
December 15, 2022
C$0.0125
October 14, 2022
October 31, 2022
November 15, 2022
C$0.0100
September 15, 2022
September 30, 2022
October 14, 2022
C$0.0100
August 15, 2022
August 31, 2022
September 15, 2022
C$0.0100
July 15, 2022
July 29, 2022
August 15, 2022
C$0.0100
June 15, 2022
June 30, 2022
July 15, 2022
C$0.0100
May 17, 2022
May 31, 2022
June 15, 2022
C$0.0083
April 14, 2022
April 29, 2022
May 13, 2022
C$0.0083
March 15, 2022
March 31, 2022
April 14, 2022
C$0.0083
February 14, 2022
February 28, 2022
March 15, 2022
C$0.0083
January 13, 2022
January 31, 2022
February 15, 2022
C$0.0083
Dividend Tax Information

This summary is of a general nature only and is not intended to be nor should it be construed to be legal or tax advice to any particular shareholder. Shareholders are encouraged to consult their own tax advisors regarding the tax consequences and reporting obligations to them of receiving cash dividends.

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An operator standing next to a fence looking to the right into a field
Canadian Resident Individual Shareholders

Unless otherwise indicated, dividends paid by Tamarack will be designated as “eligible dividends” for Canadian income tax purposes. An eligible dividend paid to a Canadian resident is entitled to the enhanced dividend credit.