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TORONTO, Canada, Oct. 14, 2021 (GLOBE NEWSWIRE) — Canadian Common Investments, Restricted (TSX: CGI) (TSX: CGI.PR.D) (LSE: CGI) (“CGI” or “the Firm”) has declared a quarterly dividend of $0.22 per share payable on December 15, 2021 to frequent shareholders of file on the shut of enterprise on November 30, 2021 (“the Dividend”). The Dividend is a capital features dividend for functions of the Revenue Tax Act (Canada).
Since CGI qualifies as an funding company for Canadian revenue tax functions, the fee of capital features dividends permits the Firm to get better taxes paid, or payable, on realized capital features. Non-residents of Canada won’t be topic to Canadian withholding tax on the Dividend.
CGI is a closed-end fairness fund, centered on medium to long-term investments in primarily Canadian companies. Its goal is to supply higher than common returns to traders via prudent safety choice, well timed recognition of capital features/losses and acceptable revenue producing devices.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan A. Morgan
President & CEO
Telephone: (416) 366-2931
Fax: (416) 366-2729
web site: www.canadiangeneralinvestments.ca