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Gluskin Sheff + Associates Inc. Declares Regular Quarterly Dividend Of $0.1750, Special Dividend of $1.40


Wednesday, 4 Sep 2013 07:54am EDT 

Gluskin Sheff + Associates Inc announced that it has declared its regular quarterly dividend of $0.1750, for the quarter ended June 30, 2013, per common share payable on September 23, 2013, to shareholders of record at the close of business on September 13, 2013. The Company also announced today a special dividend of $1.40 per common share payable on September 23, 2013 to shareholders of record on September 13, 2013. The special dividend relates both to Performance Fees earned during the six months ended June 30, 2013, net of related bonus expense and income tax, and to a distribution of excess cash over and above what is considered necessary to meet known commitments and maintain adequate reserves. The Company also announced that its regular quarterly dividend would be increased to $0.20 ($0.80 on an annual basis) from the current quarterly dividend of $0.1750 ($0.70 annually) per common share commencing with the declaration of the first quarter dividend for fiscal 2014. 

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