Gluskin Sheff’s Common Shares are listed on the Toronto Stock Exchange under the symbol “GS”.
Gluskin Sheff became a public company in May 2006 and remains 17% owned by senior management and employees. We have public company accountability and governance with a private company commitment to innovation and service.
All quarterly and special dividends are designated as eligible dividends under the Income Tax Act (Canada) unless otherwise indicated.
On September 17, 2015, Gluskin Sheff + Associates Inc. (the “Company”) declared its regular quarterly dividend of $0.225 per Common Share, for the quarter ended June 30, 2015, payable on October 8, 2015, to shareholders of record at the close of business on September 28, 2015. A portion of this dividend amount ($0.13 per Common Share) is designated as an ‘eligible dividend’ as defined in subsection 89(1) of the Income Tax Act, while a portion ($0.095 per Common Share) is not designated as an eligible dividend (i.e. is a 'non-eligible dividend'). The treatment of a portion of the dividend as ‘non-eligible’ relates to tax treatments associated with the acquisition by the Company of Blair Franklin Asset Management Holdings Inc. The Company also announced a special dividend of $0.05 per Common Share (100% of which is designated as an ‘eligible dividend’ as defined in subsection 89(1) of the Income Tax Act) payable on October 8, 2015 to shareholders of record on September 28, 2015. The Company expects all future dividends declared by the Company to be ‘eligible dividends’ for tax purposes.
Investor Relations Contact:
Chief Financial Officer