Canadian General Investments Announces Quarterly Dividend Payment
Canadian General Investments, Limited Announces Dividend Payment
Canadian General Investments, Limited (TSX: CGI) has recently made an exciting announcement regarding its commitment to its shareholders. The company declared a quarterly dividend of $0.27 per share, delivering direct benefits to its loyal common shareholders.
Details of the Dividend Declaration
This newly declared dividend is scheduled to be paid on a specific date in March, rewarding shareholders who hold the shares by the end of February. This dividend payment is classified as an "eligible dividend" under the Canadian Income Tax Act, which is advantageous for tax planning for investors.
About Canadian General Investments
Canadian General Investments, Limited operates as a closed-end equity fund primarily focused on medium to long-term investments in Canadian corporations. This strategic focus allows the company to provide shareholders with returns that exceed the average market performance. The management team prides itself on making informed decisions regarding the selection of securities, recognizing both capital gains and losses in a timely manner, and utilizing effective income-generating instruments to bolster overall outcomes.
Commitment to Shareholders
The team at Canadian General Investments is dedicated to its shareholders and constantly seeks to deliver better than average returns through diligent research and investment strategies. Their approach combines a thoughtful evaluation of the current market with innovative risk management techniques, ensuring that investors are well-positioned for growth.
Contact Information for Shareholder Inquiries
For those seeking further insights into the company's operations or investment strategies, contact details are readily available. Jonathan A. Morgan, the President & CEO of Canadian General Investments, can be reached at the following phone number: (416) 366-2931. Additional inquiries can also be directed to the fax number (416) 366-2729. For email inquiries, shareholders or prospective investors may email cgifund@mmainvestments.com. More information can be found by visiting the company's official website at www.canadiangeneralinvestments.ca.
Frequently Asked Questions
What is the dividend amount declared by Canadian General Investments?
The declared dividend is $0.27 per share.
When will the dividend be paid?
It will be paid on a date in March to shareholders of record as of the end of February.
Is the dividend eligible for tax benefits?
Yes, it is designated as an "eligible dividend" for tax purposes under the Income Tax Act in Canada.
Who can shareholders contact for more information?
Shareholders can contact Jonathan A. Morgan, President & CEO, via phone at (416) 366-2931 or email at cgifund@mmainvestments.com.
What is the primary investment focus of Canadian General Investments?
The company primarily focuses on medium to long-term investments in Canadian corporations.
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