Imperial Equities declares quarterly dividend

EDMONTON, June 2, 2014 /CNW/ - Imperial Equities Inc. (TSX-V:IEI) through its Board of Directors declared its Q2, 2014 quarterly dividend of $0.025 per share payable on June 30, 2014 to shareholders of record on June 13, 2014. The ex-dividend date has been set for June 11, 2014.

Net income at Q2, 2014 was $3,029,328 or $0.32 per share on revenue of $34,601,208. The revenues were generated from both segments of Imperial Equities being real estate and pharmaceutical distribution.

"The Board of Directors of Imperial Equities is pleased to reward its loyal shareholder base with this Q2 dividend", said Sine Chadi, President and CEO of Imperial Equities.

This dividend is an eligible dividend for the purposes of the income tax act.

About Imperial Equities Inc.:

Imperial Equities Inc. is based in Edmonton, Alberta. A diversified company anchored by commercial and industrial real estate properties in its targeted Edmonton and Alberta markets. Imperial also distributes pharmaceutical products to the institutional and retail customers through its wholly owned subsidiary, Imperial Distributors Canada Inc. Additional information is available at: www.imperialequities.com.

Imperial's common shares are listed on the TSX Venture Exchange under symbol IEI.

Neither TSX Venture nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE Imperial Equities Inc.

For further information: Editorial Contact: Sine Chadi, CEO, Imperial Equities Inc., Phone: 780-424-7227, Email: askus@imperialequities.com