TORONTO, Sept. 17 /CNW/ - Gluskin Sheff + Associates Inc. (the "Company") today declared its regular quarterly dividend of $0.12 per common share payable on October 22, 2009, to shareholders of record at the close of business on September 30, 2009.
The Company also announced today a special dividend of $0.10 per common share payable on October 22, 2009 to shareholders of record on September 30, 2009. The special dividend relates to the receipt of Performance Fees for the fiscal year ended June 30, 2009 (after performance-related bonuses and income tax).
The Company also announced that its regular quarterly dividend would be increased to $0.125 ($0.50 on an annual basis) from the current quarterly dividend of $0.12 ($0.48 annually) per common share commencing with the declaration of the first quarter dividend for fiscal 2010.
"We are pleased to declare our fourth special dividend and announce the third 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 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: For further information: Valerie Barker, Chief Financial Officer and Secretary, (416) 681-6002