TORONTO, Sept. 18 /CNW/ - Gluskin Sheff + Associates Inc. (the "Company")
today declared its regular quarterly dividend of $0.11 per common share
payable on October 23, 2008 to shareholders of record at the close of business
on October 1, 2008.
The Company also announced today a special dividend of $0.28 per common
share payable on October 23, 2008 to shareholders of record on October 1,
2008. The special dividend relates to the receipt of Performance Fees for the
fiscal year ended June 30, 2008 (after performance-related bonuses and income
The Company also announced that its regular quarterly dividend would be
increased to $0.12 ($0.48 on an annual basis) from the current quarterly
dividend of $0.11 ($0.44 annually) per common share commencing with the
declaration of the first quarter dividend for fiscal 2009.
"We are pleased to declare our third special dividend and announce the
second increase in our regular dividend since becoming a public company,"
commented Gerald Sheff, Chairman and Chief Executive Officer.
Founded in 1984, Gluskin Sheff + Associates Inc. is one of Canada's
pre-eminent wealth management firms serving high net worth investors. 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.
This press release may contain forward-looking statements relating to
Gluskin Sheff + Associates Inc.'s business and the environment in which it
operates. These statements are based on the Company's expectations, estimates,
forecasts and projections. They are not guarantees of future performance and
involve risks and uncertainties that are difficult to control or predict.
These risks and uncertainties are discussed in the Company's regulatory
filings available on the Company's website at www.gluskinsheff.com or at
www.sedar.com. Actual outcomes and results may differ materially from those
expressed in these forward-looking statements. Readers, therefore, should not
place undue reliance on any such forward-looking statements. Further, a
forward-looking statement speaks only as of the date on which such statement
is made. The Company undertakes no obligation to publicly update any such
statement or to reflect new information or the occurrence of future events or
For further information:
For further information: Valerie Barker, Chief Financial Officer and
Secretary, (416) 681-6002