Jan 12 (Reuters) - Toscana Energy Income Corp TEI.TO :
* Will not proceed with the acquisition of oil assets, will decrease its
monthly dividend and confirms January dividend
* Income - "significant erosion in energy prices coupled with very soft debt
and financial markets are the main drivers in the decision"
* Income- will not proceed with acquisition of assets that produce 300 barrels
a day of light oil production, for $15,000,000 in cash
* Income - changed dividend policy to reduce monthly dividend from $0.10 per
common share of the company to $0.05 per common share
* Income -has changed its dividend policy to reduce its monthly dividend to
$0.05 per common share
* Source text for Eikon ID:nGNXMJCUKa
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