Canadian General Investments Declares Attractive Dividend for Investors
Canadian General Investments Announces Dividend for Shareholders
Canadian General Investments, Limited, widely known as CGI, has made an exciting announcement for its investors. The company has declared a quarterly dividend of $0.27 per share. This dividend is set to be paid out on June 15, 2025, to all common shareholders who are on record by the close of business on May 30, 2025. This declaration is significant as it is categorized as an eligible dividend under the Income Tax Act (Canada).
Understanding Dividend Types at CGI
CGI has the capacity to issue two kinds of dividends to its common shareholders: regular dividends, which can be taxable, and capital gains dividends. The distinction is crucial as CGI's status as an investment corporation allows it to recover taxes related to realized capital gains through capital gains dividends, thus optimizing returns for its shareholders.
Investment Focus of Canadian General Investments
As a closed-end equity fund, CGI primarily targets medium to long-term investments in Canadian corporations. The company aims to provide investors with returns that exceed the average through meticulous security selection, recognizing capital gains or losses promptly, and utilizing suitable income-generating instruments. This strategic approach has positioned CGI as a robust choice for investors looking for growth and sustainability.
Investor Relations and Contact Information
For those seeking more information or having inquiries, CGI encourages direct communication. The contact person is Jonathan A. Morgan, the President and CEO. He can be reached by phone at (416) 366-2931, or via fax at (416) 366-2729. Interested parties can also email cgifund@mmainvestments.com. More details are available on their official website www.canadiangeneralinvestments.ca.
Frequently Asked Questions
What is the declared dividend amount for CGI?
The declared dividend for Canadian General Investments is $0.27 per share.
When will the dividend be paid?
The dividend will be paid on June 15, 2025.
What is the record date for the dividend?
Shareholders must be on record by May 30, 2025, to receive the dividend.
What types of dividends does CGI provide?
CGI offers regular taxable dividends and capital gains dividends.
How can I contact Canadian General Investments?
You can contact the company through Jonathan A. Morgan at (416) 366-2931 or email cgifund@mmainvestments.com.
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