Canlan Announces Continuation of Dividend Policy
BURNABY, British Columbia, Nov. 23, 2015 (GLOBE NEWSWIRE) -- Canlan Ice Sports Corp. (TSX: ICE), industry-leading providers of recreational facilities across North America, today announced it has approved the continuation of the Company's quarterly dividend policy and declared eligible dividends totaling $0.02 per common share that will next be paid on January 15, 2016 to shareholders of record at the close of business December 30, 2015. Canlan's Board of Directors reviews the Company's dividend policy on a quarterly basis.
Canlan's dividend is designated as an "eligible" dividend under the Income Tax Act (Canada) and any corresponding provincial legislation. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits, which reduce income tax otherwise payable.
About Canlan
Canlan Ice Sports Corp. is the North American leader in the development, operations and ownership of ice rink and multi-purpose recreation facilities. Canlan is the largest private sector owner and operator of multi-sport facilities in North America and currently owns and/or manages 21 facilities in Canada and the United States with 57 ice surfaces, as well as indoor soccer fields, sport courts, volleyball, and basketball courts. To learn more about Canlan please visit www.icesports.com.
CONTACT: For more information: Canlan Ice Sports Corp. Michael F. Gellard Senior Vice President & CFO 604-736-9152Source: Canlan Ice Sports Corp.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ICE Environmental Contracts Traded the Equivalent of $1 Trillion in Notional Value for the Third Consecutive Year
- AUTODESK ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Autodesk, Inc. and Encourages Investors to Contact the Firm
- ICE First Look at Mortgage Performance: Serious Delinquencies at Lowest Since Mid-2006 as Foreclosures Drop, Prepayments Rise
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!