Canadian General Investments Announces Dividend for Shareholders
Canadian General Investments Declares Quarterly Dividend
Canadian General Investments, Limited (CGI) has declared a quarterly dividend of $0.27 per share, which will be payable to common shareholders on a specified date. This announcement is particularly exciting for investors looking for dependable income from their investments.
Details of the Dividend
The dividend will be distributed on a forthcoming date, rewarding shareholders who hold their shares as of the designated record date. This action signifies CGI’s commitment to providing returns to its shareholders and reflects the company’s robust financial health.
Understanding Eligible Dividends
This dividend has been categorized as an 'eligible dividend' under the Income Tax Act in Canada, meaning shareholders may benefit from favorable tax treatment. It’s a smart move for investors navigating their tax obligations.
About Canadian General Investments
CGI operates as a closed-end equity fund, primarily focusing on medium to long-term investments within Canadian corporations. The company's strategy is designed to achieve better than average returns for investors through careful security selection and capital gain management.
Investment Strategy and Goals
The aim of CGI is not just to provide returns but to do so by recognizing investment opportunities in a timely manner. Their strategy includes appropriate income-generating instruments, ensuring a balanced and prudent approach to investing.
Contact Information for Further Inquiries
For additional information or queries regarding investments, shareholders or potential investors can reach out directly to the CGI President & CEO, Jonathan A. Morgan. Here are the contact details:
Phone: (416) 366-2931
Fax: (416) 366-2729
Email: cgifund@mmainvestments.com
Website: www.canadiangeneralinvestments.ca
Frequently Asked Questions
What is the declared dividend per share by CGI?
The declared dividend is $0.27 per share.
When will the dividend be payable?
The dividend will be payable to shareholders on March 15, 2025.
What does 'eligible dividend' mean?
An 'eligible dividend' is one that qualifies for preferential tax treatment under the Income Tax Act in Canada.
What type of investments does CGI focus on?
CGI primarily invests in Canadian corporations and focuses on medium to long-term equity investments.
Who can shareholders contact for more information?
Shareholders can contact Jonathan A. Morgan, President & CEO, for further inquiries.
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