PHOENIX, AZ, Aug. 28, 2015 /CNW/ - GWR Global Water Resources
Corp. (TSX: GWR) (the "Company") announced today that its board of
directors declared, under its approved dividend policy, a monthly
cash dividend on the common shares of the Company (the "Shares") in
the amount of CAD $0.0283 per Share
(an annualized amount of CAD $0.3396
per Share), which will be payable on September 30, 2015, to holders of record at the
close of business on September 16,
2015. The dividend on the Shares is being made as a result
of the cash dividend declared by Global Water Resources, Inc.,
which will be paid to all its shareholders. The Company owns
a 48.1% interest in Global Water Resources, Inc.
Pursuant to subsection 89(1) of the Canadian
Income Tax Act ("ITA"), the dividend being paid is designated as an
"eligible dividend", as defined in subsection 89(1) of the ITA.
Holders of Shares who are non-residents of
Canada will be subject to
withholding taxes in respect of any distributions made by GWR
Global Water Resources Corp.
About GWR Global Water Resources Corp.
The Company was incorporated in British
Columbia to acquire shares of U.S. based Global Water
Resources, Inc. ("Global Water") and to actively participate in the
management, business and operations of Global Water through its
representation on the board of directors of Global Water and its
shared management of Global Water.
About Global Water
Global Water is a pure-play, high-growth water resources company
located in Phoenix, Arizona, that
owns and operates regulated water, wastewater and recycled water
utilities in the metropolitan Phoenix area.
SOURCE GWR Global Water Resources Corp.