High Arctic Energy Services Inc. announced the dates for a distribution of $0.76 per share to its shareholders by way of return of capital (the Return of Capital), which was approved by shareholders at the annual general and special meeting held on June 17, 2024. The record date for the Return of Capital will be July 9, 2024 and the payment date will be July 17, 2024. The Return of Capital is expected to be generally more tax advantageous to shareholders than a dividend.

The ex-distribution date will be July 18, 2024.