Canadian General Investments, Limited Confirms Payment of Special Year-End Capital Gains Dividend on December 30, 2009
29 Diciembre 2009 - 4:13PM
Marketwired
Canadian General Investments, Limited (the Company) (TSX: CGI)(TSX:
CGI.PR.B)(TSX: CGI.PR.C)(LSE: CGI) confirmed today that the $0.50
per common share special year-end capital gains dividend declared
on December 14, 2009 to shareholders of record at the close of
business on December 24, 2009 would be paid as scheduled on
December 30, 2009.
Previously, it was not certain whether the Company would be
permitted to pay the aforementioned dividend as a result of market
conditions and a dividend payment restriction contained in its
Class A, Series 2 and Series 3 Preference Share provisions, which
preclude payment of a common share dividend unless, after giving
effect thereto, the ratio of its Assets to Obligations (both as
defined in the Preference Share provisions) exceeds 2.5 times. As
at the close of business on December 29, 2009, such ratio was
approximately 3.6 times and therefore the common share dividend can
be paid as scheduled.
Contacts: Canadian General Investments, Limited Jonathan A.
Morgan President & CEO (416) 366-2931 (416) 366-2729 (FAX)
cgifund@mmainvestments.com www.mmainvestments.com
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