RICHMOND, BC, Jan. 9, 2012 /CNW/ - Huntingdon Capital Corp.
("Huntingdon" or the "Corporation") (TSX: HNT, HNT.DB and HNT.WT)
announced today the initiation of a monthly dividend to shareholders.
The monthly dividend will be $0.02 per share and will begin in February
Huntingdon's Board of Directors believes this dividend policy balances
the Corporation's interests of returning capital to shareholders and
maintaining a conservative balance sheet to provide for future
The annualized dividend payout ratio stated in terms of third quarter
2011 adjusted funds from operations is approximately 33%. Huntingdon's
annualized dividend reflects a yield of 2.8% based on the January 6th, 2012 closing price of the Corporation's shares.
The February 2012 dividend will be payable on February 1, 2012 to
shareholders of record as at January 13, 2012. These dividends are
eligible dividends for tax purposes.
About Huntingdon Capital Corp.:
Huntingdon Capital Corp. owns, directly or indirectly, 75 income
producing office, industrial and retail properties that have a total
gross leasable area of 5.5 million square feet.
The Toronto Stock Exchange has not reviewed nor approved the contents of
this press release and does not accept responsibility for the adequacy
or accuracy of this press release.
SOURCE Huntingdon Capital Corp.
For further information:
Zachary R. George, Director, President and Chief Executive Officer
Tel: (604) 249-5119
Fax: (604) 249-5101