May 5 (Reuters) - Freehold Royalties Ltd FRU.TO :
* FREEHOLD ROYALTIES LTD. ANNOUNCES FIRST QUARTER 2020 RESULTS
* FREEHOLD ROYALTIES LTD - QTRLY ROYALTY AND OTHER REVENUE $26.3 MILLION VERSUS $35.6 MILLION
* FREEHOLD ROYALTIES LTD - QTRLY BASIC FFO PER SHARE $0.17
* FREEHOLD ROYALTIES LTD - Q1 ROYALTY PRODUCTION 10,618 BOE/D, UP 5%
* FREEHOLD ROYALTIES LTD - "OUR OUTLOOK FROM Q1-2020 HAS CHANGED MATERIALLY"
* FREEHOLD ROYALTIES LTD - EXPECT CRUDE OIL FUNDAMENTALS TO IMPROVE THROUGH SECOND HALF OF 2020 AND INTO 2021
* FREEHOLD ROYALTIES LTD - PRICES ARE FORECAST TO RECOVER SLOWLY
* FREEHOLD ROYALTIES LTD - REDUCED ITS DIVIDEND FROM $0.0525 PER SHARE TO $0.015 PER SHARE, EFFECTIVE WITH MAY 15
* FREEHOLD ROYALTIES LTD - WITHDRAWN 2020 GUIDANCE
* FREEHOLD ROYALTIES - EXPECT NEXT 3-6 MONTHS TO REPRESENT CHALLENGING PERIOD FOR NORTH AMERICAN E&P