Altus Group Limited Announces Fourth Quarter Dividend
TORONTO, ONTARIO–(Marketwired – Dec. 4, 2014) – Altus Group Limited (“Altus Group” or “the Company”) (TSX:AIF) announced today that the Board of Directors has approved the payment of a cash dividend of $0.15 per common share for the fourth quarter ending December 31, 2014.
Payment will be made on January 15, 2015, to common shareholders of record as at December 31, 2014.
Altus Group’s Dividend Reinvestment Plan (“DRIP”) permits eligible shareholders to direct their cash dividends to be reinvested in additional common shares of the Company. For shareholders that wish to reinvest their dividends under the DRIP, Altus Group intends to issue common shares from treasury at a price equal to 96% of the weighted average closing price of the shares for the five trading days preceding the dividend payment date.
Full details of the DRIP program are available on the Company website through the following link: https://www.altusgroup.com/company/investor-relations.
Altus Group confirms that all dividends paid or deemed to be paid to its common shareholders qualify as “eligible dividends” for purposes of subsection 89(14) of the Income Tax Act (Canada), and similar provincial and territorial legislation, unless indicated otherwise.
About Altus Group Limited
Altus Group is a leading provider of independent commercial real estate consulting and advisory services, software and data solutions. We operate five Business Units, bringing together years of experience, a broad range of expertise and technology into one comprehensive platform: Research, Valuation and Advisory; ARGUS Software; Property Tax; Cost Consulting and Project Management; and Geomatics. Our suite of services and software enables clients to analyze, gain insight and recognize value on their real estate investments.
We have approximately 2,300 employees located in offices around the world, including North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants, including financial institutions, investment funds, insurance companies, accounting firms, real estate organizations, real estate investment trusts, healthcare institutions, industrial companies, foreign and domestic private investors, real estate developers and lenders, governmental institutions and firms in the oil and gas sector.
The Company is focused on creating sustainable shareholder value that generates long-term returns by targeting organic and accretive growth while providing quarterly dividend payments of $0.15 per share. Altus Group’s securities are traded on the TSX under the symbols AIF and AIF.DB.A.
For more information, please visit www.altusgroup.com.
Camilla BartosiewiczBartosiewiczVice President, Investor Relations