REGINA, Dec. 20 /CNW/ - Alliance Grain Traders Inc. ("AGTI") (TSX:AGT)
today announced a cash dividend for the quarter ending December 31,
2010 of $0.135 per common share. The dividend will be payable on
January 6, 2011 to shareholders of record on December 31, 2010. This
dividend is an eligible dividend for Canadian income tax purposes.
AGTI's current annualized cash dividend rate is approximately $0.54 per
Alliance Grain Traders Inc. Profile
Alliance Grain Traders Inc. (AGTI) is a pulse processor and exporter
engaged in the business of value-added processing (cleaning, splitting,
sorting and bagging) of pulses and specialty crops, for export and
domestic markets. Through its offices and processing facilities located
in some of the best pulse growing regions in Canada, the U.S., Turkey,
Australia and China and trading and sales offices in the UK and the
Netherlands, AGTI handles a full range of pulses and specialty crops
including lentils, peas, chickpeas, beans and canary seed. Through its
subsidiaries in Turkey, the Arbel Group, AGTI also produces staple
foods such as Arbella Pasta, rice, and milled wheat products, including
bulgur and semolina.
Certain statements in this press release are forward-looking statements.
The reader is cautioned that assumptions used in the preparation of
such information, although considered reasonable by AGTI at the time of
preparation, may prove to be incorrect. Forward-looking statements
involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of AGTI
(including its operating subsidiaries) to be materially different from
any future results, performance or achievements expressed or implied by
the forward-looking statements. Such risks and uncertainties include,
among others, the actual results of harvests, fluctuations in the price
of lentils and other crops, failure of plant, equipment or processes to
operate as anticipated, accidents or labour disputes, risks relating to
the integration of acquisitions or to international operations as well
as those factors referred to in the section entitled "Risk Factors" in
the Annual Information Form of AGTI dated March 30, 2010 which is
available on SEDAR at www.sedar.com, and which should be reviewed in conjunction with this document.
Although AGTI has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. AGTI expressly disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except in
accordance with applicable securities laws.
SOURCE AGT Food and Ingredients Inc.
For further information: For further information:
Omer Al-Katib, Investor Relations