MONTREAL, June 1, 2021 /CNW Telbec/ - Yellow Pages Limited (TSX: Y) (the "Company"), a leading Canadian digital media and marketing company, declares a quarterly cash dividend(1) and confirms the full redemption of its Exchangeable Debentures at par, plus accrued and unpaid interest, an amount that totals $111,314,320.
"As we announced on April 23, 2021, we are pleased to confirm that the Company fully redeemed its Exchangeable Debentures yesterday and now has officially reached the milestone of becoming debt-free" said David A. Eckert, President and CEO of Yellow Pages Limited. "Further, the Board of Directors has declared a cash dividend of $0.15 per common share, payable on June 30, 2021 to shareholders of record as at June 9, 2021".
| (1) The dividend will be designated as an eligible dividend pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends. |
About Yellow Pages Limited
Yellow Pages Limited (TSX: Y) is a Canadian digital media and marketing company that creates opportunities for buyers and sellers to i