PHOENIX, July 31, 2015 /CNW/ - GWR Global Water Resources Corp. (TSX:
GWR) (the "Company") announced today that its board of directors
declared, under its approved dividend policy, an increased monthly cash
dividend on the common shares of the Company (the "Shares") in the
amount of CAD $0.0283 per Share (an annualized amount of CAD $0.3396
per Share). The dividend payment reflects an increase in the annual
dividend of CAD $0.0276 or nearly 9%. The dividend will be payable on
August 28, 2015, to holders of record at the close of business on
August 14, 2015.
"This announcement marks our third dividend increase since we initiated
the dividend last year," said Ron Fleming, President and CEO of Global
Water. "Throughout 2015, we've continued to achieve meaningful results
and have resurfaced the underlying value of Global Water's assets. This
progress is a true reflection of our commitment in creating sustainable
The increased dividend on the Shares is being made as a result of the
cash dividend declared by Global Water Resources, Inc., which will be
paid to all its shareholders. The Company owns a 48.1% interest in
Global Water Resources, Inc.
Pursuant to subsection 89(1) of the Canadian Income Tax Act ("ITA"), the
dividend being paid is designated as an "eligible dividend", as defined
in subsection 89(1) of the ITA.
Holders of Shares who are non-residents of Canada will be subject to
withholding taxes in respect of any distributions made by GWR Global
Water Resources Corp.
About GWR Global Water Resources Corp.
The Company was incorporated in British Columbia to acquire shares of
U.S. based Global Water Resources, Inc. ("Global Water") and to
actively participate in the management, business and operations of
Global Water through its representation on the board of directors of
Global Water and its shared management of Global Water.
About Global Water
Global Water is a pure-play, high-growth water resources company located
in Phoenix, Arizona, that owns and operates regulated water, wastewater
and recycled water utilities in the metropolitan Phoenix area.
SOURCE GWR Global Water Resources Corp.
For further information:
Tel: 416.815.0700 ext. 288