Freehold Royalties (TSE:FRU) has released an update.
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Freehold Royalties Ltd. has successfully closed a significant acquisition in the Midland Basin, enhancing its oil production capabilities with an expected net royalty revenue of $37 million in 2025. Additionally, the company has increased its credit facilities to $450 million to support the acquisition, alongside declaring a monthly dividend of $0.09 per share for December 2024.
For further insights into TSE:FRU stock, check out TipRanks’ Stock Analysis page.
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