Altus Group Limited Announces Fourth Quarter Dividend
December 12 2012 - 8:59AM
Marketwired
Altus Group Limited ("Altus") (TSX:AIF) is pleased to announce its
Board of Directors has approved the payment of a cash dividend of
$0.15 per share for the quarter ending December 31, 2012.
Payment will be made on January 15, 2013 to shareholders of
record as at December 31, 2012.
Altus Group Limited hereby designates all dividends paid or
deemed to be paid as "eligible dividends" for purposes of
subsection 89(14) of the Income Tax Act (Canada), and similar
provincial and territorial legislation, unless indicated
otherwise.
About Altus Group Limited
Altus leads the global real estate industry in offering
professional real estate advisory services, data solutions and
intelligence about an organization's assets, generating a wealth of
knowledge and insight. With a staff of over 1,700, Altus has a
network of over 50 offices in a number of countries worldwide,
including Canada, the United Kingdom, the United States, Australia
and China. We operate five interrelated Business Units, bringing
years of experience and a broad range of expertise together into
one comprehensive platform: Research, Valuation and Advisory; Cost
Consulting and Project Management; Realty Tax Consulting;
Geomatics, and ARGUS Software. Altus' clients include banks,
financial institutions, governments, pension funds, asset and fund
managers, developers and landlords and companies engaged in the oil
and gas industry.
Forward-Looking Information
Certain information in this press release may constitute
"forward-looking information" within the meaning of applicable
securities legislation. Generally, forward-looking information can
be identified by use of words such as "may", "will", "expect",
"believe", "plan", "would", "could" and other similar terminology.
Inherent in the forward-looking information are known and unknown
risks, uncertainties and other factors which could cause actual
results, performance or achievements of Altus, or industry results,
to differ materially from any results, performance or achievements
expressed or implied by such forward-looking information. Those
risks, uncertainties and other factors that could cause actual
results to differ materially from the forward-looking information
include: general state of the economy; competition in the industry;
ability to attract and retain professionals; integration of
acquisitions; dependence on oil and gas sector; dependence on
Canadian multi-residential market; customer concentration; currency
risk; interest rate risk; reliance on larger software transactions
with longer and less predictable sales cycles; success of new
product introductions; ability to respond to technological change
and develop products on a timely basis; ability to maintain
profitability and manage growth; revenue and cash flow volatility;
credit risk; protection of intellectual property or defending
against claims of intellectual property rights of others; weather;
fixed-price and contingency engagements; operating risks;
performance of obligations/maintenance of client satisfaction;
appraisal mandates; legislative and regulatory changes; risk of
future legal proceedings; insurance limits; income tax matters;
ability to meet solvency requirements to pay dividends; leverage
and restrictive covenants; unpredictability and volatility of
common share price; capital investment; and issuance of additional
common shares diluting existing shareholders' interests, as well as
those described in Altus' publicly filed documents, including the
Annual Information Form (which are available on SEDAR at
www.sedar.com).
Given these risks, uncertainties and other factors, investors
should not place undue reliance on forward-looking information as a
prediction of actual results. The forward-looking information
reflects Altus' and management's current expectations and beliefs
regarding future events and operating performance and is based on
information currently available to management. Although Altus has
attempted to identify important factors that could cause actual
results to differ materially from the forward-looking information
contained herein, there are other factors that could cause results
not to be as anticipated, estimated or intended. The
forward-looking information contained herein is current as of the
date of this press release and, except as required under applicable
law, Altus does not undertake to update or revise it to reflect new
events or circumstances. Additionally, Altus undertakes no
obligation to comment on analyses, expectations or statements made
by third parties in respect of Altus, its financial or operating
results, or its securities.
Contacts: Altus Group Limited Sayla Nordin VP, Investor
Relations and Corporate Communications (416) 557-0939
www.altusgrouplimited.com
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