Sonor Investments Limited Announces Appointment of New President and Notice of Dividend
19 December 2013 - 2:18AM
Marketwired Canada
Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today announced the appointment
of Thomas B. Vandepeer as President of the Company effective immediately.
Michael Gardiner, Chairman and Chief Executive Officer, previously held the
position of President and remains as Chairman and CEO. Mr. Gardiner commented
that Mr. Vandepeer has had several years of experience in the investment
industry and that his proficiency in this area will help to enhance Sonor's
management team.
Sonor's commitment to preserving capital while achieving reliable income through
investment in senior stocks, bonds and other income producing investments
remains unchanged.
Mr. Gardiner also noted that a semi-annual eligible dividend of $0.225 per share
on the Corporation's 9% First Preference Shares payable on March 15, 2014 has
been declared at a meeting of its Board of Directors. The dividend will be paid
to shareholders of record at the close of business on March 1, 2014.
The Company continues to maintain net assets and qualified investments in excess
of the amounts prescribed under the share conditions pertaining to the First
Preference Shares in its capital stock.
Sonor Investments Limited is an investment company located in Toronto, Canada.
The First Preference Shares of Sonor trade on The TSX Venture Exchange under the
symbol SNI.PR.A.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sonor Investments Limited
Mr. Michael Gardiner
Chairman and CEO
(416) 369-1499
Sonor Investments Limited
Mr. Stephen Mills
Treasurer & CFO
(416) 369-1499
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