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Macro Enterprises Inc.: Macro Enterprises Inc. Announces Dividend Declared on Class A Convertible Preference Shares

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  Published in Business and Finance on Tuesday, September 22nd 2009 at 11:53 GMT by Market Wire
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CALGARY, ALBERTA--(Marketwire - Sept. 22, 2009) - Macro Enterprises Inc. (TSX VENTURE:MCR) announces that it has declared a dividend of $32.50 per share (aggregating $211,250) on its 6,500 Class A Convertible Preference shares, payable on September 30, 2009 to the holders of record at the close of business on September 22, 2009, such dividend being the aggregate of the dividend that was originally scheduled for payment on June 30, 2009 and the dividend scheduled for payment on September 30, 2009.

On June 5, 2009 the Company announced that it had suspended the cash payment of the quarterly dividend payment due on June 30, 2009 due to the then current state of financial markets and general market conditions. The Board of Directors now believes the Company can prudently make this payment. The Board will re-examine this decision each quarter.

Macro Enterprises Inc. is a leading oilfield construction and maintenance company with operations centered in Fort St. John, B.C. Macro's activities include pipeline construction, facilities maintenance, custom fabrication and insulating services.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.