Hammond Power Solutions Declares Regular Quarterly Dividend
September 10 2013 - 5:16PM
Marketwired
The Board of Directors of Hammond Power Solutions Inc. (TSX:HPS.A)
("HPS") declared a quarterly cash dividend of five cents ($0.05)
per Class A Subordinate Voting Share of HPS and a quarterly cash
dividend of five cents ($0.05) per Class B Common Share of HPS
payable on September 26, 2013 to shareholders of record at the
close of business on September 19, 2013. The ex-dividend date is
September 17, 2013.
Important Income-Tax Information for Canadian Resident
Shareholders
HPS designates the entire amount of this taxable dividend to be
an "eligible dividend" for purposes of the Income Tax Act (Canada),
as amended from time to time. This notice meets the requirements of
the Income Tax Act (Canada). Please contact your tax advisor if you
have any questions with regard to the designation of the eligible
dividend.
Caution Regarding Forward-Looking Information
This press release contains forward-looking statements that
involve a number of risks and uncertainties, including statements
that relate to among other things, HPS's strategies, intentions,
plans, beliefs, expectations and estimates, and can generally be
identified by the use of words such as "may", "will", "could",
"should", "would", "likely", "expect", "intend", "estimate",
"anticipate", "believe", "plan", "objective" and "continue" and
words and expressions of similar import. Although HPS believes that
the expectations reflected in such forward-looking statements are
reasonable, such statements involve risks and uncertainties, and
undue reliance should not be placed on such statements. Certain
material factors or assumptions are applied in making
forward-looking statements, and actual results may differ
materially from those expressed or implied in such statements.
Important factors that could cause actual results to differ
materially from expectations include but are not limited to:
general business and economic conditions (including but not limited
to currency rates); changes in laws and regulations; legal and
regulatory proceedings; and the ability to execute strategic plans.
HPS does not undertake any obligation to update publicly or to
revise any of the forward-looking statements contained in this
document, whether as a result of new information, future events or
otherwise, except as required by law.
ABOUT HAMMOND POWER SOLUTIONS INC.
Hammond Power Solutions Inc. (TSX:HPS.A) is a North American
leader for the design and manufacture of dry-type custom electrical
engineered magnetics, electrical dry-type and cast resin
transformers. Leading edge engineering capabilities, high quality
products, and responsive service to customers' needs have all
served to establish HPS as a technical and innovative leader in the
electrical and electronic industries.
HPS has operations in Canada, the United States, Mexico, India
and Italy.
Contacts: Hammond Power Solutions Inc. Dawn Henderson Manager
Investor Relations (519) 822-2441 x414 (519) 822-4366
(FAX)ir@hammondpowersolutions.com www.hammondpowersolutions.com
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