CALGARY, March 16, 2015 /CNW/ - Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX: TEI) confirms the cash dividend of $0.135 per common share (or the equivalent of $0.405 per common share on a quarterly basis) of the Company ("Common Share") to be paid on April 15, 2015 in respect of March 2015 production of the Company for shareholders of record on March 31, 2015. The ex-dividend date is March 27, 2015. Once paid, total cash dividends distributed by the Company to holders of Common Shares during the 2015 calendar year will be $0.405 per Common Share. This dividend is an eligible dividend for purposes of the Income Tax Act (Canada).
About Toscana Energy Income Corporation
Toscana Energy is a conventional oil and gas producer with the mandate to acquire high quality, long life oil and gas assets including royalties, non-operated working interests and unitized production for yield and capital appreciation. Toscana Energy is managed by Sprott Toscana through Toscana Energy Corporation. Sprott Toscana is a member of the Sprott Group of Companies.
SOURCE Toscana Energy Income Corporation
For further information: please visit our website at www.sprott-toscana.com or contact: Joseph S. Durante, Chief Executive Officer, Tel: (403) 410-6793, Fax: (403) 444-0090