Canadian General Investments, Limited Declares Dividend on Common Shares
October 15 2020 - 03:59PM
Canadian General Investments, Limited (“CGI” or “the Company”)
(TSX: CGI, CGI.PR.D) (LSE: CGI) has declared a quarterly
dividend of $0.21 per share payable on December 15, 2020 to common
shareholders of record at the close of business on November 30,
2020 (“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. Morgan President & CEO Phone: (416) 366-2931 Fax: (416)
366-2729 e-mail: cgifund@mmainvestments.com website:
www.canadiangeneralinvestments.ca
Canadian General Investm... (TSX:CGI)
Historical Stock Chart
From Feb 2024 to Mar 2024
Canadian General Investm... (TSX:CGI)
Historical Stock Chart
From Mar 2023 to Mar 2024