TORONTO, ONTARIO -- (Marketwired) -- 03/10/15 -- Altus Group Limited ("Altus Group" or "the Company") (TSX: AIF) announced today that the Board of Directors has approved the payment of a cash dividend of $0.15 per common share for the first quarter ending March 31, 2015.
Payment will be made on April 15, 2015 to common shareholders of record as at March 31, 2015.
Altus Group's Dividend Reinvestment Plan ("DRIP") permits eligible shareholders to direct their cash dividends to be reinvested in additional common shares of the Company. For shareholders who wish to reinvest their dividends under the DRIP, Altus Group intends to issue common shares from treasury at a price equal to 96% of the weighted average closing price of the shares for the five trading days preceding the dividend payment date.
Full details of the DRIP program are available on the Company website through the following link: http://www.altusgroup.com/media/13903/drip-reinvestment-plan.pdf.
Altus Group confirms that all dividends paid or deemed to be paid to its common shareholders qualify as "eligible dividends" for purposes of subsection 89(14) of the Income Tax Act (Canada) and similar provincial and territorial legislation, unless indicated otherwise.
About Altus Group Limited
Altus Group Limited is a leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry. All of our five core practices - Research, Valuation and Advisory, ARGUS Software, Property Tax Consulting, Cost Consulting and Project Management, and Geomatics - embody and reflect decades of experience, a broad range of expertise, and leading edge technology. Our offerings empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world's largest real estate industry participants, spread across a broad variety of sectors.
The Company is focused on creating sustainable shareholder value that generates long-term returns by targeting organic and accretive growth while providing quarterly dividend payments of $0.15 per share. Altus Group's securities are traded on the TSX under the symbols AIF and AIF.DB.A.
For more information on Altus Group, please visit: www.altusgroup.com.
Contacts:
Altus Group Limited
Camilla Bartosiewicz
Vice President, Investor Relations
(416) 641-9773
camilla.bartosiewicz@altusgroup.com
