Hammond Power Solutions Inc. Declares Increased Quarterly Dividend
08 March 2014 - 9:00AM
Marketwired
Hammond Power Solutions Inc. Declares Increased Quarterly Dividend
GUELPH, ONTARIO--(Marketwired - Mar 7, 2014) - The Board of
Directors of Hammond Power Solutions Inc. ("HPS") (TSX:HPS.A)
declared an increased quarterly cash dividend of six cents ($0.06)
per Class A Subordinate Voting Share of HPS and a quarterly cash
dividend of six cents ($0.06) per Class B Common Share of HPS
payable on March 27, 2014 to shareholders of record at the close of
business on March 20, 2014. The ex-dividend date is March 18,
2014.
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.
Caution Regarding
Forward-Looking Information
This press release
contains forward-looking statements that involve a number of risks
and uncertainties, including statements that relate to among other
things, HPS's strategies, intentions, plans, beliefs, expectations
and estimates, and can generally be identified by the use of words
such as "may", "will", "could", "should", "would", "likely",
"expect", "intend", "estimate", "anticipate", "believe", "plan",
"objective" and "continue" and words and expressions of similar
import. Although HPS believes that the expectations reflected in
such forward-looking statements are reasonable, such statements
involve risks and uncertainties, and undue reliance should not be
placed on such statements. Certain material factors or assumptions
are applied in making forward-looking statements, and actual
results may differ materially from those expressed or implied in
such statements. Important factors that could cause actual results
to differ materially from expectations include but are not limited
to: general business and economic conditions (including but not
limited to currency rates); changes in laws and regulations; legal
and regulatory proceedings; and the ability to execute strategic
plans. HPS does not undertake any obligation to update publicly or
to revise any of the forward-looking statements contained in this
document, whether as a result of new information, future events or
otherwise, except as required by law.
ABOUT HAMMOND POWER
SOLUTIONS INC.
Hammond Power
Solutions Inc. (TSX:HPS.A) is a North American leader for the
design and manufacture of dry-type custom electrical engineered
magnetics, electrical dry-type and cast resin transformers. Leading
edge engineering capabilities, high quality products, and
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 operations
in Canada, the United States, Mexico, India and Italy.
Hammond Power Solutions Inc.Dawn HendersonManager Investor
Relations(519) 822-2441
x414ir@hammondpowersolutions.comwww.hammondpowersolutions.com
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