April 29 (Reuters) - Rocky Mountain Dealerships Inc RME.TO :
* REVISES DIVIDEND POLICY; ADDS NEW AND AMENDED LENDING FACILITIES; REPORTS FIRST QUARTER 2020 RESULTS
* Q1 ADJUSTED LOSS PER SHARE C$0.24
* Q1 EARNINGS PER SHARE ESTIMATE C$-0.10 -- REFINITIV IBES DATA
* Q1 SALES FELL 24.7 PERCENT TO C$133.7 MILLION
* REDUCTION OF ITS QUARTERLY DIVIDEND TO AN ANTICIPATED $0.06 PER COMMON SHARE
* ROCKY MOUNTAIN DEALERSHIPS - EXPECTED NET $30.0 MILLION OF ADDITIONAL BORROWING CAPACITY
* COVID-19 HAS ALSO IMPACTED Q1 OPERATIONS
* ROCKY MOUNTAIN DEALERSHIPS - RME DID NOT RECOGNIZE $11.2 MILLION OF REVENUE FROM Q1 SALES BECAUSE OEM WORK-FORCE REDUCTIONS TRAPPED EQUIPMENT
* PARTS INVENTORIES ARE STOCKED FOR SEEDING SEASON, WITH RME MONITORING SUPPLY CHAIN CLOSELY