DECLARATION DATERECORD DATEPAYMENT DATEAMOUNT (C$ PER COMMON SHARE)
November 4, 2021November 15, 2021November 30, 2021$0.06
October 1, 2021October 15, 2021October 29, 2021$0.02
September 1, 2021September 15, 2021September 30, 2021$0.02
August 4, 2021August 16, 2021August 31, 2021$0.02
June 17, 2021July 15, 2021July 30, 2021$0.02

The payment of future dividends is subject to change depending upon, among other things, the Company’s free cash flow, operating results, capital requirements and financial position.

Paramount’s Board of Directors has approved an increase in the Company’s regular monthly dividend from $0.02 to $0.06 per Common Share.  The first increased dividend will be payable on November 30, 2021to shareholders of record on November 15, 2021.  The dividend will be designated as an “eligible dividend” for Canadian income tax purposes.