Genesis Land Development Corp. Announces Declaration of $5.3 Million Special Dividend
December 16 2015 - 5:31PM
PR Newswire (Canada)
CALGARY,
Dec. 16, 2015 /CNW/ - Genesis
Land Development Corp. (TSX: GDC) (the "Corporation" or "Genesis")
announces that its Board of Directors has declared a special cash
dividend of $0.12 per common share
for a total of approximately $5.3
million payable to shareholders of record on December 24, 2015, and will be paid on
December 31, 2015. The ex-dividend
date for the special dividend is December
22, 2015.
The special dividend is designated as an eligible
dividend under the Income Tax Act (Canada).
About Genesis
Genesis is an integrated, award-winning land
developer and residential homebuilder, creating innovative and
successful communities in the Calgary Metropolitan Area. Genesis is
committed to supporting its communities through partnerships like
the Genesis Centre of Community Wellness and Genesis Place
Recreational Centre. Genesis owns a large portfolio of entitled
residential and mixed use land, which is exceptionally well
positioned to benefit from the Alberta economy. The Corporation's common
shares are listed on the Toronto Stock Exchange (TSX: GDC)
SOURCE Genesis Land Development Corp.
Copyright 2015 Canada NewsWire
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