The board of directors of CRC Royalty Corporation (“CRC”) has approved a distribution of dividends of $0.0200 per common share, payable on or about June 30, 2015, to shareholders of record on June 19, 2015, which was based upon royalty unit distributions less a provision for income taxes and expenses. Please also be advised that this dividend, for tax purposes is classified as an “ineligible dividend” which results in a lower gross dividend amount and a related lower amount of federal dividend tax credit associated with the dividend payment.
CRC’s mandate is to pay investors regular monthly distributions from the revenue realized from its investment in royalty units of Caledonian Royalty Corporation (“Caledonian”) which owns a portfolio of gross over-riding royalties. ON BEHALF OF THE BOARD OF DIRECTORS
Hugh Cartwright, Chairman
CRC Royalty Corporation