Paramount Resources (TSE:POU) has released an update.
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Paramount Resources Ltd. has announced a significant $15.00 per share special distribution for its shareholders, pending shareholder approval, following its asset sale to Ovintiv Inc. Worth approximately $2.2 billion in total, this distribution includes a return of capital and a special dividend. The company has also revealed its plans for a post-transaction dividend policy and 2025 financial guidance.
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