TORONTO, ONTARIO -- (Marketwired) -- 01/16/15 -- NexC Partners Corp. (the "Company" or "NexC") (TSX: NXC) confirmed today the annual capital gains dividends for the 2014 tax year are $0.26 per Class A share, $0.48 per Class F share and $0.70 per Class J share of the Company. Please note that this is an update to the estimated annual capital gains dividends previously announced on November 27, 2014. The capital gains dividend is payable on January 23, 2015 to holders of record at the close of business on January 23, 2015. The ex-dividend date is January 21, 2015.
These are annual non-cash capital gains dividends that will be automatically reinvested in additional shares and immediately consolidated so that the number of shares held by each investor, the outstanding shares of the Company, and the net asset value of the shares of the Company, will not change as a result of the capital gains dividend. Investors holding their shares outside of registered plans will have taxable amounts to report and an increase in the adjusted cost base of their investment. The annual capital gains dividends do not include the regular quarterly cash dividends, which are reported in a separate press release.
"We are extremely proud of the performance of NexC and what it has provided to investors since its inception in February 2013. The launch of NexC represented the inception of Purpose Investments and the catalyst for what we have brought to the market - the highest quality investments for the lowest price. What makes NexC special is that it is made up of a high quality North American dividend portfolio and an equity stake in Purpose Investments, making the investors in NexC partners in our business alongside of us," said Som Seif, President & CEO of Purpose Investments.
About Purpose Investments
Purpose Investments is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees. Purpose believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors. Purpose has approximately $1 billion in assets under management and currently offers 11 exchange traded funds and mutual funds and two closed-end funds across multiple asset classes and strategies.
Contacts:
Purpose Investments Inc.
Dan Rubin
Vice President, Marketing
416-583-3853
danr@purposeinvest.com
