Softchoice Corporation (“Softchoice” or the “Company”) (TSX: SFTC) today announced that a cash dividend in the amount of C$0.093 per common share of the Company (each, a “Common Share”), has been declared for the period from and including the Company’s initial public offering (“IPO”) closing date of June 1, 2021 to September 30, 2021, payable as of October 15, 2021, to shareholders of record at the close of business on September 30, 2021.
The dividend to which this notice relates are eligible dividends for tax purposes.
As disclosed in the Company’s final initial public offering prospectus dated May 26, 2021, Softchoice anticipates paying quarterly cash dividends estimated to be approximately C$0.07 per Common Share on a go-forward basis. The initial C$0.093 dividend noted above is pro rata covering the approximately four-month period from the IPO closing date of June 1, 2021 to September 30, 2021.
It is expected that future dividend payments will be made to shareholders of record as at the close of business on the last business day of each calendar quarter (September 30, December 31, March 31 and June 30) and that the related payment date will be the fifteenth day of the month following the record date (October 15, January 15, April 15 and July 15), or if such day is not a business day, the immediately preceding business day.