Canadian General Investments Ld Dividend Declaration - Special Year-End Dividend (6072Y)
07 December 2017 - 3:17AM
UK Regulatory
TIDMCGI
RNS Number : 6072Y
Canadian General Investments Ld
06 December 2017
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.D
LONDON STOCK EXCHANGE: CGI
December 6, 2017
Canadian General Investments, Limited
Declares a Special Dividend on Common Shares
TORONTO, CANADA -- Canadian General Investments, Limited ("CGI"
or "the Company") today declared a special dividend of $0.04 per
share payable on December 27, 2017 to shareholders of record at the
close of business on December 21, 2017 ("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.
Including the quarterly dividends of $0.18 per common share,
total cash dividend payments of $0.76 per common share in 2017
represent a yield to investors of 3.3% based on the December 5,
2017 closing market price of $23.10.
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
DIVUGGAGPUPMGQQ
(END) Dow Jones Newswires
December 06, 2017 11:17 ET (16:17 GMT)
Canadian General Investm... (LSE:CGI)
Historical Stock Chart
From May 2024 to Jun 2024
Canadian General Investm... (LSE:CGI)
Historical Stock Chart
From Jun 2023 to Jun 2024