OTCPK:TNGZF - Post by User
Comment by
pienteron Jun 22, 2015 3:20pm
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Post# 23856411
RE:Dividends
RE:Dividends
GRENVILLE DECLARES JUNE 2015 DIVIDEND
NOT FOR DISTRIBUTION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.
Toronto, Ontario, June 15, 2015 /Marketwired/ - Grenville Strategic Royalty Corp. (TSXV: GRC) (“Grenville” or the “Corporation”) announces that the board of directors of the Corporation has declared a dividend of $0.00416 per common share for the month of June 2015, representing $0.05 per share on an annualized basis. The dividend is payable on July 15, 2015 to shareholders of record on June 30, 2015. The ex-dividend date is June 26, 2015.
This dividend is designated by the Corporation to be an eligible dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.
The declaration and payment of dividends is at the discretion of the board of directors of the Corporation and any future declaration of dividends will depend on the Corporation’s financial results, cash requirements, future prospects and other factors deemed relevant by the board of directors of the Corporation.