Genesis Land Development Corp. Announces Declaration of approximately $10.9 Million Special Dividend
November 15 2016 - 3:42PM
PR Newswire (Canada)
CALGARY, Nov. 15, 2016 /CNW/ - Genesis Land
Development Corp. (TSX: GDC) (the "Corporation" or "Genesis")
announces that its Board of Directors has declared a special cash
dividend of $0.25 per common share
for a total of approximately $10.9
million payable to shareholders of record on December 9, 2016, and will be paid on
December 22, 2016. The ex-dividend
date for the special dividend is December
7, 2016.
The special dividend is designated as an eligible dividend under
the Income Tax Act (Canada).
About Genesis
Genesis Land Development Corp. is a land developer and
residential home builder in the Calgary Metropolitan Area. The Corporation's
common shares are listed on the Toronto Stock Exchange (TSX:
GDC).
SOURCE Genesis Land Development Corp.
Copyright 2016 Canada NewsWire
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