TORONTO, March 19, 2013 /CNW/ - The board of directors of NexC Partners
Corp. (the "Company") (TSX: NXC) has today declared an initial dividend
of $0.055 per share on Class A Shares, Class F Shares and Class J
Shares of the Company. This initial dividend covers the period from
February 20, 2013 (the closing date of the Company's initial public
offering) to March 28, 2013. The initial dividend is payable on April
2, 2013 to holders of record at the close of business on March 28,
The Company intends to declare and pay quarterly cash dividends
initially equal to $0.125 per share. On an annualized basis, this would
represent a yield on the original issue price of approximately 5.00%.
These dividends are designated as "eligible" Canadian dividends for the
purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
The Company is managed by Purpose Investments Inc., a new Canadian asset
management firm committed to enabling all investors to have access to
great investment products at reasonable fees. The Class A Shares of the
Company are listed for trading on the Toronto Stock Exchange under the
SOURCE: NexC Partners Corp.
For further information:
NexC Partners Corp.
Tel: (416) 583-3850
Vice President, Marketing
Purpose Investments Inc.
Tel: (416) 583-3853