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On October 14, 2021, Canadian General Investments, Limited (CGI) declared a quarterly capital gains dividend of $0.22 per share. This dividend is payable on December 15, 2021, to common shareholders of record at the close of business on November 30, 2021, with non-residents of Canada not subject to Canadian withholding tax.
| Date | 15 Oct 2021 |
| Time | 07:00:02 |
| Category | Capital structure |
| ID | 1622P |
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.D
LONDON STOCK EXCHANGE: CGI
October 14, 2021
Canadian General Investments, Limited
Declares Dividend on Common Shares
TORONTO, CANADA -- Canadian General Investments, Limited ("CGI" or "the Company") has declared a quarterly dividend of $0.22 per share payable on December 15, 2021 to common shareholders of record at the close of business on November 30, 2021 ("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: [email protected]
website: www.canadiangeneralinvestments.ca