Glacier Announces Quarterly Dividend
May 13 2014 - 8:20PM
Marketwired
Glacier Announces Quarterly Dividend
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2014) -
Glacier Media Inc. ("Glacier" or the "Company") (TSX:GVC) announced
today that the Board of Directors declared a quarterly dividend of
$0.02 per share to shareholders of record on June 13, 2014 and
payable on July 4, 2014.
The dividend is consistent with the Company's dividend policy of
paying $0.08 per share per annum payable quarterly.
Shares in Glacier are traded on the Toronto Stock Exchange under
the symbol GVC.
About the Company: Glacier Media Inc. is an information
communications company focused on the provision of primary and
essential information and related services through print,
electronic and online media. Glacier is pursuing this strategy
through its core businesses: the local newspaper, trade information
and business and professional information markets.
Forward-Looking Statements
This news release contains forward-looking statements that
relate to, among other things, the Company's objectives, goals,
strategies, intentions, plans, beliefs, expectations and estimates.
These forward-looking statements include, among other things,
statements relating to the payment of dividends. These forward
looking statements are based on certain assumptions, including
continued ability to pay dividends, and are subject to risks,
uncertainties and other factors which may cause results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements, and undue
reliance should not be placed on such statements.
Important factors that could cause actual results to differ
materially from these expectations include failure to continue to
generate sufficient cash flow to pay dividends and the other risk
factors listed in the Company's Annual Information Form under the
heading "Risk Factors" and in the Company's MD&A under the
heading "Business Environment and Risks", many of which are out of
the Company's control. These other risk factors include, but are
not limited to, the ability of the Company to sell advertising and
subscriptions related to its publications, foreign exchange rate
fluctuations, the seasonal and cyclical nature of the agricultural
industry, discontinuation of the Department of Canadian Heritage's
Canada Periodical Fund, general market conditions in both Canada
and the United States, changes in the prices of purchased supplies
including newsprint, the effects of competition in the Company's
markets, dependence on key personnel, integration of newly acquired
businesses, technological changes, tax risk and financing and debt
service risk.
The forward-looking statements made in this news release relate
only to events or information as of the date on which the
statements are made. Except as required by law, the Company
undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements
are made or to reflect the occurrence of unanticipated events.
Glacier Media Inc.Mr. Orest SmysnuikChief Financial
Officer604-708-3264
Glacier Media (TSX:GVC)
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