AvenEx Energy Corp AVNDF

AVF Monthly Dividend Declaration

[jjeerryy]

August 17, 2011 18:00 ET
AvenEx Energy Corp. Monthly Dividend Declaration

CALGARY, ALBERTA--(Marketwire - Aug. 17, 2011) - AvenEx Energy Corp. (TSX:AVF) ("AvenEx"), formerly Avenir Diversified Income Trust, is pleased to announce that its Board of Directors have declared its regular monthly dividend for August 2011 of
.045 per common share payable on September 15, 2011 to shareholders of record at the close of business on August 31, 2011.
The Board of Directors reviews the dividend on a monthly basis with monthly dividends expected to be paid on the 15th of the month. Shareholders are entitled to receive dividends only when any such dividends are declared by the Board of Directors and there is no entitlement to any dividend prior thereto.
For Canadian resident shareholders the dividend declared is designated as an "eligible dividend" for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.
An electronic copy of this press release may be obtained on AvenEx's SEDAR profile at www.sedar.com.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

[gwplant]

Is it really necessary to post this information considering there is almost zero chance of them not paying out the usual dividend every month...hasn't changed from last month or the month before that and likely won't change next month, next year or likely 10 years from now....please post relevant information not meaningless stuff that we all know is going to happen.

[jjeerryy]

gwplant, you posted:"Is it really necessary to post this information considering there is almost zero chance of them not paying out the usual dividend every month...hasn't changed from last month or the month before that and likely won't change next month, next year or likely 10 years from now....please post relevant information not meaningless stuff that we all know is going to

[quinn2]

Just bought and the settlement date was the 30th so does this mean I do receive the dividend?

[spazzman]

 NO, August 28 (August 26 due to the weekend) was the last day to own the stock and still get the dividend.  Take the date of record August 31 and subtract 3 days for settlement gives you a x-dividend date of Aug 29.Therefore sellers of AVF on Aug. 29 will get the dividend on September 15.  Hope this helps.

[waldom5]

If you just bought today the settlement will not be the 30th if you bought a few days ago then yes it could be

[jjeerryy]

Ex-date is cute to work with. If record date is the 30th you can find ex-date on your broker's pages and on the TMX pages at: https://tmx.quotemedia.com Ex-date is the third business day prior to record date. When the record date is the 30th, during the week then the ex-date can be the 27th., but adds days over the weekends. We can buy the stock near the end of the 27th and sell it in the

[themangokid]

if anyone wants to double check they can go to globeinvestor.  under the "stocks" tab there is a drop down menu.  select "dividends" and it will tell you all the stocks going ex-dividend for the next two weeks.