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IBI Group Inc Announces Suspension Of Quarterly Dividend To Shareholders


Wednesday, 22 May 2013 06:41pm EDT 

IBI Group Inc announced after careful consideration that the quarterly dividend on its common shares for the quarter commencing March 1st, 2013 and henceforth will be suspended, effective immediately. The distributions on the 5,025,778 Class B units of the IBI Group partnership (which are exchangeable for common shares), held by IBI Group Management Partnership, will similarly be suspended with respect to the quarter commencing March 1st 2013 and henceforth. This decision is based on the Company's commitment to manage cash to strengthen its balance sheet and manage its operations through a difficult period. 

Company Quote

1.84
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24 Dec 2014