REG - Canadian General Inv - Dividend Declaration

Canadian General InvestmentsAnnouncement

20/10/2023 07:00

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RNS Number : 7347Q  Canadian General Investments Ld  19 October 2023

FOR:   CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

October 19, 2023

 

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 $0.24 per share payable on
December 15, 2023 to common shareholders of record at the close of business on
November 30, 2023 ("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: cgifund@mmainvestments.com (mailto:cgifund@mma-investmgr.com)

website: www.canadiangeneralinvestments.ca
(http://www.canadiangeneralinvestments.ca)

 

 

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