Hammond Power Solutions Inc.: Regular Annual Dividend Declared
28 October 2011 - 12:18AM
Marketwired
Hammond Power Solutions Inc. ("HPS") (TSX:HPS.A) today announced
that the Board of Directors of HPS has declared a regular annual
cash dividend of $0.15 per Class A Subordinate Voting Share and
$0.15 per Class B Common Share payable on December 9, 2011, to
shareholders of record at the close of business on November 18,
2011. The ex-dividend date is November 16, 2011.
Important Income-Tax Information for Canadian Resident
Shareholders
HPS designates the entire amount of this taxable dividend to be
an "eligible dividend" for purposes of the Income Tax Act (Canada),
as amended from time to time. This notice meets the requirements of
the Income Tax Act (Canada). Please contact your tax advisor if you
have any questions with regard to the designation of the eligible
dividend.
About Hammond Power Solutions Inc.
HPS is a North American leader for the design and manufacture of
dry-type custom electrical engineered magnetics and is also a
leading manufacturer of standard electrical dry-type and cast coil
transformers. Leading edge engineering capabilities, high quality
products, and fast, responsive service to customers' needs have all
served to establish HPS as a technical and innovative leader in the
electrical and electronic industries. HPS has three manufacturing
plants in Canada, two in Mexico, one in Italy and one in the United
States.
Caution Regarding Forward-Looking Information
This press release contains "forward-looking information" within
the meaning of applicable securities laws. The forward-looking
information contained in this press release is subject to known and
unknown risks, uncertainties and other factors that are not within
the control of HPS. Generally, this forward-looking information can
be identified by the use of forward- looking terminology such as
"outlook", "anticipate", "project", "target", "believe",
"estimate", "expect", "intend", "should", "scheduled", "will",
"plan" and similar expressions. Forward- looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause HPS's actual results, level of activity, performance
or achievements to be materially different from those expressed or
implied by such forward-looking information and developed based on
assumptions about such risks, uncertainties and other factors set
out herein.
A discussion of factors that may affect HPS's actual results,
performance, achievements or financial position is contained in the
filings by HPS with the Canadian provincial securities regulatory
authorities, including HPS's Annual Information Form. This list is
not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully
and readers should not place undue reliance on such forward-looking
information. HPS disclaims any intent or obligations to update or
revise publicly any forward- looking statements whether as a result
of new information, estimates or options, future events or results
or otherwise, unless required to do so by law.
Contacts: Hammond Power Solutions Inc. Dawn Henderson Manager
Investor Relations (519) 822-2441 x414
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