TORONTO, Sept. 15, 2011 /CNW/ - Gluskin Sheff + Associates Inc. (the
"Company") today declared its regular quarterly dividend of $0.1375 per
common share payable on October 21, 2011, to shareholders of record at
the close of business on September 28, 2011.
The Company also announced today a special dividend of $0.80 per common
share payable on October 21, 2011 to shareholders of record on
September 28, 2011. The special dividend relates to the receipt of
Performance Fees for the fiscal year ended June 30, 2011 (after
performance-related expenses and income tax).
The Company also announced that its regular quarterly dividend would be
increased to $0.1625 ($0.65 on an annual basis) from the current
quarterly dividend of $0.1375 ($0.55 annually) per common share
commencing with the declaration of the first quarter dividend for
"Despite ongoing volatility in global capital markets, we continue to
see opportunities to build our business," commented Jeremy Freedman,
President& Chief Executive Officer. "We continue to focus on individual
company research and bottom-up security selection, as we have for the
past 27 years. Our successful efforts at this in addition to our strong
balance sheet continue to demonstrate that we are well positioned
during what remains a challenging time for the financial industry."
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