Canadian General Investments, Limited Declares a Special Year-End Capital Gains Dividend
December 07, 2011 11:37 ET
Canadian General Investments, Limited Declares a Special Year-End Capital Gains Dividend
TORONTO, CANADA--(Marketwire - Dec. 7, 2011) - Canadian General Investments, Limited (TSX:CGI)(TSX:CGI.PR.B)(TSX:CGI.PR.C)(LSE:CGI) today declared a special cash capital gains dividend of $0.56 per common share. This dividend is payable on December 28, 2011 to shareholders of record on December 22, 2011.
Including the quarterly income dividends of $0.06 per common share, total cash dividend payments of $0.80 per common share in 2011 represent a yield to investors of 5.0% based on the December 6, 2011 closing market price of $15.87.
Canadian General Investments, Limited, established in 1930, is one of Canada's largest closed-end investment companies with total portfolio assets in excess of $590 million as at December 6, 2011.