| Urbana Corporation: Amendment of Dividend Policy and Declaring Dividend | |
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TORONTO, ONTARIO--(Marketwired - Jan. 8, 2015) - NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Urbana Corporation ("Urbana") (URB.TO)(TSX:URB.A)(URB.TO)(CSE:URB.A) announces today that its Board of Directors (the "Board") has approved an amendment to its dividend policy, which amendment provides that Urbana intends to pay an annual cash dividend of five cents ($0.05) per share to the holders of common and non-voting Class A shares of Urbana (collectively, the "Shareholders") as soon as practical after the end of each year, having reviewed the previous 12 month investment performance. Previously, Urbana's dividend policy provided that the timing of the annual dividend be March of each year. The rest of Urbana's dividend policy remains unchanged. For a copy of Urbana's current dividend policy, please visit www.urbanacorp.com. Urbana further announces that today the Board declared a cash dividend of five cents ($0.05) per share on the issued and outstanding common and non-voting Class A shares of Urbana, payable on the 30th day of January, 2015, to the Shareholders of record at the close of business on the 20th day of January, 2015. Eligible Dividend Designation - pursuant to subsection 89(14) of the Income Tax Act of Canada (ITA) each dividend paid by Urbana qualifies as and is designated an eligible dividend for Canadian income tax purposes, as defined in subsection 89(1) of the ITA. On behalf of Urbana's Board of Directors, Thomas S. Caldwell, C.M.
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Urbana Corporation
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CODE : URB.TO |
ISIN : CA91707P1099 |
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Urbana est une société d’exploration minière d'or et de molybdène basée au Canada. Urbana est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 260,4 millions CA$ (193,2 millions US$, 173,6 millions €). La valeur de son action a atteint son plus bas niveau récent le 23 novembre 2012 à 0,75 CA$, et son plus haut niveau récent le 08 mars 2024 à 6,16 CA$. Urbana possède 50 760 000 actions en circulation. |