Canadian General Investments, Limited Declares Dividend on Common Shares
October 17 2018 - 12:04PM
Canadian General Investments, Limited (“CGI” or “the Company”) has
declared a quarterly dividend of $0.19 per share payable on
December 15, 2018 to common shareholders of record at the close of
business on November 30, 2018 (“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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