Matrix Asset Management Inc. Confirms Details of Previously Announced Stock Dividend
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/22/12 -- Matrix Asset Management Inc. (the "Company" or "Matrix") (TSX: MTA) announced further details of the stock dividend announced on August 7, 2012. A stock dividend of $0.015 per share will be paid on September 20, 2012 to shareholders of record on September 5, 2012. The dividend will be paid through the allotment and issuance of additional Common shares in the capital of the Company (the "Dividend Shares").
Dividend Shares will be issued at a price equal to the volume weighted average trading price of Matrix's Common shares over the ten trading days prior to the dividend payment date (the "Issue Price"). Each shareholder's dividend entitlement will be determined by multiplying the number of Common shares held by the shareholder as at the record date by $0.015, dividing the cash value by the Issue Price and rounding the resulting number of Common shares to the nearest whole Common share (with more than one-half of a share being rounded up). The TSX has conditionally approved the listing of the Dividend Shares.
About Matrix ()
Matrix (TSX: MTA) is a diversified asset and wealth management company with approximately $1.1 billion in assets under management and offices across Canada. The Company's mission is to provide a diverse array of investment choices and the best possible investment management service to Canadian investors and institutions. The Company delivers its services through three main operating subsidiaries serving institutional, high net worth, and retail investors.
Contacts:
Matrix Asset Management Inc.
David Levi
President & CEO
(604) 895-7274 and (416) 934-7700
Matrix Asset Management Inc.
Isabelle Gervasio
Vice President, Investor Relations & Business Development
(514) 227-0666 ext. 222
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Unternehmensinformation / Kurzprofil:
Datum: 22.08.2012 - 22:03 Uhr
Sprache: Deutsch
News-ID 176964
Anzahl Zeichen: 5443
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Investment Services & Trading
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