TORONTO, Feb. 17 /CNW/ - IBI Group Inc. (the "Company") (TSX: IBG) today
declared a cash dividend of $0.092 per Share for the month of February
2011, payable March 31, 2011 to shareholders of record on February 28,
The Company also announced that IBI Group Management Partnership will
receive a distribution before taxes of $0.1333 per Class B Unit held by
it in IBI Group for the month of February 2011 payable on March 31,
2011. As more fully described below, IBI Group is the partnership
through which the professional services business of the Company is
indirectly carried on.
About IBI GROUP INC.
IBI Group Inc. is a TSX listed company, which pays monthly dividends and
trades under the symbol "IBG". IBI Group Inc. holds an indirect 72%
interest in IBI Group, a partnership which, directly and through its
subsidiary entities, provides professional services, including
planning, design, implementation, analysis of operations and other
consulting services in relation to four main areas of development,
being urban land, building facilities, transportation networks and
systems technology. The remaining 28% of IBI Group is owned by IBI
Group Management Partnership. On a partially diluted basis, assuming
the exchange of its units of IBI Group for common shares of IBI Group
Inc., IBI Group Management Partnership together with affiliated
entities holds a combined 46% interest in IBI Group Inc.
SOURCE IBI Group Inc.
For further information:
Allan J. Kamerman
IBI Group Inc.
230 Richmond Street West, 5th Floor
Toronto, ON M5V 1V6
Tel: 416-596-1930, Fax: 416-596-8024