HALIFAX, June 11, 2014 /CNW/ - Clarke Inc. ("Clarke" or the "Company")
(TSX: CKI) announced today the declaration of its 2014 second quarter
dividend of 10 cents per share payable on July 11, 2014, to
shareholders of record on June 30, 2014. The ex-dividend date will be
June 26, 2014.
After payment of the second quarter dividend, Clarke will have returned
$0.30 per share to shareholders in the form of dividends paid. In
addition, Clarke has spent $4.1 million year-to-date repurchasing
450,300 common shares under its normal course issuer bid, all at a
discount to book value. The average price of the repurchases was $9.19
per share.
Clarke has today released an updated corporate presentation which can be
found on its website. This corporate presentation will be presented at
the Company's Annual General Meeting to be held at the offices of
Bennett Jones LLP located at 3400 First Canadian Place, Toronto,
Ontario on Thursday, June 12th, 2014 at 8:30 a.m. EST. The corporate presentation will, among other
things, update Clarke's investment holdings at June 10, 2014.
About Clarke
Halifax-based Clarke invests in a variety of private and publicly-traded
businesses and participates actively where necessary to enhance the
performance of such businesses and increase its return. Clarke's
securities trade on the Toronto Stock Exchange (CKI); for more
information about Clarke Inc., please visit our website at www.clarkeinc.com.
Note on Forward-Looking Statements and Risks
This press release may contain or refer to certain forward-looking
statements relating, but not limited, to the Company's expectations,
intentions, plans and beliefs with respect to the Company. Often, but
not always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "does not expect", "is expected",
"budget", "estimates", "forecasts", "intends", "anticipates" or "does
not anticipate", "believes", or equivalents or variations of such words
and phrases, or state that certain actions, events or results, "may",
"could", "would", "should", "might" or "will" be taken, occur or be
achieved. Forward-looking statements include, without limitation, those
with respect to the future or expected performance of the Company's
investee companies, the future price and value of securities held by
the Company, changes in these securities holdings, changes to the
Company's hedging practices, currency fluctuations and requirements for
additional capital. Forward-looking statements rely on certain
underlying assumptions that, if not realized, can result in such
forward-looking statements not being achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause the actual results of the Company to be
materially different from the historical results or from any future
results expressed or implied by such forward-looking statements. Such
risks and uncertainties include, among others, the Company's investment
strategy, legal and regulatory risks, general market risk, potential
lack of diversification in the Company's investments, interest rates,
foreign currency fluctuations, the sale of Company investments, the
fact that dividends from investee companies are not guaranteed,
reliance on key executives, use of information technology and
information systems, commodity market risk, risks associated with
investment in derivative instruments and other factors. With respect to
the Company's Transportation segment, such risks and uncertainties
include, among others, competition, seasonality and weather conditions,
safety, claims and insurance, government regulation of the
transportation industry, reliance on major customers, labour relations,
and other factors.
Although the Company has attempted to identify important factors that
could cause actions, events or results not to be as estimated or
intended, there can be no assurance that forward-looking statements
will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements. Other than
as required by applicable Canadian securities laws, the Company does
not update or revise any such forward-looking statements to reflect
events or circumstances after the date of this document or to reflect
the occurrence of unanticipated events. Accordingly, readers should not
place undue reliance on forward-looking statements.
SOURCE Clarke Inc.
