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On September 21, 2021, Alvopetro announced the commencement of a quarterly dividend with the first dividend payable to shareholders of record on September 29, 2021.

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*The ex-dividend date is generally one to two business days prior to the Record Date. Shareholders who have purchased their shares before the ex-dividend date will receive the dividends on the payment date.

Alvopetro Energy Ltd. hereby advises all shareholders that all dividends paid on its common shares will be designated as “eligible dividends” for Canadian income tax purposes. This designation will apply unless and until otherwise notified by Alvopetro. Any such changes will be posted to the Company’s website.

Alvopetro dividends are declared and paid in U.S. dollars.  To the extent you hold your shares in a non-U.S. dollar denominated account, contact your broker to determine how the receipt of the U.S. dollar dividend will be addressed and whether an immediate conversion to the currency of your account will be applicable.

The amount of dividends to be paid on Alvopetro common shares remains subject to the discretion of the Board of Directors.

Information for Non-Resident Shareholders

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