Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share and Preferred Share Dividends

CALGARY, Alberta, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending March 31, 2020:

Shares		TSX Stock Symbol		Dividend per Share
Common Shares		BIR		$0.02625
Cumulative Redeemable Preferred Shares, Series A		BIR.PR.A		$0.523375
Cumulative Redeemable Preferred Shares, Series C		BIR.PR.C		$0.4375

The dividends are payable on March 31, 2020 to shareholders of record at the close of business on March 16, 2020. The ex-dividend date is March 13, 2020.

All of the dividends have been designated as eligible dividends for the purposes of the Income Tax Act (Canada).

About Birchcliff:

Birchcliff is a Calgary, Alberta based intermediate oil and natural gas company with operations concentrated within its one core area, the Peace River Arch of Alberta. Birchcliff’s common shares and cumulative redeemable preferred shares, Series A and Series C, are listed for trading on the Toronto Stock Exchange under the symbols “BIR”, “BIR.PR.A” and “BIR.PR.C”, respectively.

For further information, please contact:
Birchcliff Energy Ltd. Suite 1000, 600 – 3rd Avenue S.W. Calgary, Alberta  T2P 0G5 Telephone: [phone] Email: [e-mail] www.birchcliffenergy.com		Jeff Tonken – President and Chief Executive Officer Bruno Geremia – Vice-President and Chief Financial Officer