GDC Genesis Land Development Corp

CALGARY, Dec. 19, 2017 ­/CNW/ - Genesis Land Development Corp. ("Genesis") (TSX: GDC), announces that its Board of Directors has declared a special cash dividend of $0.25 per common share for a total of $10,813,180.25  payable to shareholders of record on December 27, 2017, which will be paid on January 5,  2018.

The ex-dividend date for the special dividend is December 22, 2017.

The special dividend is designated as an eligible dividend under the Income Tax Act (Canada)

About Genesis

Genesis Land Development Corp. is a land developer and residential home builder in the Calgary Metropolitan Area. The Corporation's common shares are listed on the Toronto Stock Exchange (TSX: GDC).

SOURCE Genesis Land Development Corp.