Canadian General Investments, Limited Declares Dividend on Common Shares
October 18 2017 - 12:06PM
Canadian General Investments, Limited (TSX:CGI) (TSX:CGI.PR.D)
(LSE:CGI) (“CGI” or “the Company”) has declared a quarterly
dividend of $0.18 per share payable on December 15, 2017 to common
shareholders of record at the close of business on November 30,
2017 (“the Dividend”). The Dividend is a capital gains dividend for
purposes of the Income Tax Act (Canada).
Since CGI qualifies as an investment corporation for Canadian
income tax purposes, the payment of capital gains dividends allows
the Company to recover taxes paid, or payable, on realized capital
gains. Non-residents of Canada will not be subject to Canadian
withholding tax on the Dividend.
CGI is a closed-end equity fund, focused on medium to long-term
investments in primarily Canadian corporations. Its objective is to
provide better than average returns to investors through prudent
security selection, timely recognition of capital gains/losses and
appropriate income generating instruments.
FOR FURTHER INFORMATION PLEASE CONTACT:Jonathan A.
MorganPresident & CEOPhone: (416) 366-2931Fax: (416)
366-2729e-mail: cgifund@mmainvestments.comwebsite:
www.canadiangeneralinvestments.ca
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