Andrew Peller Limited Announces Fourth Quarter Fiscal 2024 Dividend
February 12 2024 - 3:54PM
The Board of Directors of Andrew Peller Limited (ADW.A / ADW.B)
(the “Company”) announced today that it has approved a quarterly
common share dividend of $0.0615 per Class A Share and $0.0535 per
Class B Share to be paid on April 12, 2024 to shareholders of
record on March 29, 2024. The Company has consistently paid common
share dividends since 1979 and has increased dividends eight times
over the last ten years, most recently in fiscal 2022. The Company
currently designates all dividends paid as “eligible dividends” for
purposes of the Income Tax Act (Canada) unless indicated otherwise.
About Andrew Peller LimitedAndrew Peller
Limited is one of Canada’s leading producers and marketers of
quality wines and craft spirits. The Company’s award‐winning
premium and ultra‐premium Vintners’ Quality Alliance (“VQA”) brands
include Peller Estates, Trius, Thirty Bench, Wayne Gretzky,
Sandhill, Red Rooster, Black Hills Estate, Tinhorn Creek, Gray Monk
Estates, Raven Conspiracy and Conviction. Complementing these
premium brands are a number of popularly priced varietal offerings,
wine based liqueurs, craft ciders, and craft spirits. The Company
owns and operates 101 well‐positioned independent retail locations
in Ontario under The Wine Shop, Wine Country Vintners, and Wine
Country Merchants store names. The Company also operates Andrew
Peller Import Agency and The Small Winemaker’s Collection Inc.,
importers and marketing agents of premium wines from around the
world. With a focus on serving the needs of all wine consumers, the
Company produces and markets premium personal winemaking products
through its wholly‐owned subsidiary, Global Vintners Inc. (“GVI”),
the recognized leader in personal winemaking products. More
information about the Company can be found at
ir.andrewpeller.com.
Forward-Looking StatementsCertain statements in
this news release may contain “forward‐looking statements” within
the meaning of applicable securities laws, including the “safe
harbour provision” of the Securities Act (Ontario) with respect to
Andrew Peller Limited and its subsidiaries. These forward‐looking
statements are subject to the risks and uncertainties discussed in
the “Risks and Uncertainties” section and elsewhere in the
Company’s MD&A and other risks detailed from time to time in
the publicly filed disclosure documents of Andrew Peller Limited
which are available at www.sedarplus.ca. Forward‐looking statements
are not guarantees of future performance and involve risks,
uncertainties, and assumptions which could cause actual results to
differ materially from those conclusions, forecasts, or projections
anticipated in these forward‐looking statements. The Company’s
forward‐looking statements are made only as of the date of this
news release, and except as required by applicable law, the Company
undertakes no obligation to update or revise these forward‐looking
statements to reflect new information, future events or
circumstances or otherwise.
For more information, please contact: Paul Dubkowski, CFO and
Executive Vice-President, IT (905) 643-4131Source: Andrew Peller
Limited
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