TORONTO, Sept. 20, 2012 /CNW/ - Gluskin Sheff + Associates Inc. (the
"Company") today declared its regular quarterly dividend of $0.1625 per
common share payable on October 19, 2012, to shareholders of record at
the close of business on October 1, 2012.
The Company also announced today a special dividend of $0.06 per common
share payable on October 19, 2012 to shareholders of record on October
1, 2012. The special dividend relates to the receipt of Performance
Fees for the fiscal year ended June 30, 2012 (after performance-related
expenses and income tax).
The Company also announced that its regular quarterly dividend would be
increased to $0.175 ($0.70 on an annual basis) from the current
quarterly dividend of $0.1625 ($0.65 annually) per common share
commencing with the declaration of the first quarter dividend for
"We are pleased to declare our seventh special dividend and announce the
sixth increase in our regular dividend since becoming a public
company," commented Jeremy Freedman, Chief Executive Officer. "Our
balance sheet demonstrates that we have maintained a strong financial
position during what has been a challenging time for the financial
industry and has given us confidence to increase dividends as part of
our commitment to shareholders."
Founded in 1984, Gluskin Sheff + Associates Inc. is one of Canada's
pre-eminent wealth management firms serving high net worth private
clients and institutional investors. Gluskin Sheff offers equity and
fixed income investment portfolios in addition to being one of the
largest managers of alternative investments in Canada. The Company's
Subordinate Voting Shares are listed on the Toronto Stock Exchange under the symbol "GS". For more information about the Company, please visit our website at www.gluskinsheff.com.
SOURCE: Gluskin Sheff + Associates Inc.
For further information:
David R. Morris
Chief Financial Officer and Secretary