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Dividend Declaration - Common Shares

Released 07:00 27-Jul-2017

RNS Number : 2191M
Canadian General Investments Ld
26 July 2017
 

FOR:   CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

 

July 26, 2017

 

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 $0.18 per share payable on September 15, 2017 to common shareholders of record at the close of business on August 31, 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.

 

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
 
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Dividend Declaration - Common Shares - RNS