Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Thursday, March 28, 2024 · 699,439,837 Articles · 3+ Million Readers

Canadian General Investments, Limited Declares Dividend on Common Shares

TORONTO, CANADA , Oct. 17, 2018 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (“CGI” or “the Company”) has declared a quarterly dividend of $0.19 per share payable on December 15, 2018 to common shareholders of record at the close of business on November 30, 2018 (“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

cgi transparent.png

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release