Canadian General Investments Ld Dividend Declaration - Common Shares (9982M)
20 October 2016 - 5:00PM
UK Regulatory
TIDMCGI
RNS Number : 9982M
Canadian General Investments Ld
19 October 2016
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.D
LONDON STOCK EXCHANGE: CGI
October 19, 2016
Canadian General Investments, Limited
Declares Dividend on Common Shares
TORONTO, CANADA -- Canadian General Investments, Limited ("CGI"
or "the Company") has declared a quarterly dividend of $0.16 per
share payable on December 15, 2016 to common shareholders of record
at the close of business on November 30, 2016 ("the Dividend"). The
Dividend is a capital gains dividend for purposes of the Income Tax
Act (Canada).
Since CGI qualifies as an investment corporation for Canadian
income tax purposes, the payment of capital gains dividends allows
the Company to recover taxes paid, or payable, on realized capital
gains. Non-residents of Canada will not be subject to Canadian
withholding tax on the Dividend.
CGI is a closed-end equity fund, focused on medium to long-term
investments in primarily Canadian corporations. Its objective is to
provide better than average returns to investors through prudent
security selection, timely recognition of capital gains/losses and
appropriate income generating instruments.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail: cgifund@mmainvestments.com
website: www.canadiangeneralinvestments.ca
This information is provided by RNS
The company news service from the London Stock Exchange
END
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