/NOT FOR DISTRIBUTION IN THE U.S.A. OR OVER U.S. WIRE SERVICES/
MISSISSAUGA, ON, Aug. 13, 2014 /CNW Telbec/ - KP Tissue Inc. ("KPT")
(TSX:KPT) announced today that the Board of Directors has declared a
quarterly dividend of $0.18 per common share, payable on October 15,
2014 to shareholders of record at the close of business on September
30, 2014, subject to applicable law.
The dividends paid are designated as "eligible" dividends for the
purposes of the Income Tax Act (Canada) and any similar provincial and
The dividend is being declared in connection with the declaration of a
corresponding quarterly distribution by Kruger Products L.P. ("KPLP")
in which KP Tissue holds a limited partnership interest.
Dividend Reinvestment Plan
The Corporation has a Dividend Reinvestment Plan under which eligible
shareholders may elect to have their cash dividends reinvested in
additional common shares of KPT. Under the Plan, the Corporation will
automatically reinvest all cash dividends of KPT in newly issued Common
Shares at a price per Common Share equal to 97% of the 5-day weighted
average trading price of the Common Shares prior to the dividend
Only Canadian shareholders are eligible to participate in the DRIP and
the DRIP is subject to additional limitations and restrictions.
Interested shareholders are encouraged to review the full text of the
DRIP, available on KPT's website at www.kptissueinc.com.
Shareholders who wish to participate in the DRIP should contact their
broker, financial institution, or other nominee through which their
Common Shares are held to determine their eligibility and provide
appropriate enrolment instructions, and to ensure any deadlines or
other requirements that such broker, financial institution, or nominee
may impose or be subject to are met.
About KP Tissue Inc.
KP Tissue Inc. (KPT) was created to acquire, and its business is limited
to holding, a limited partnership interest in KPLP. For more
information visit www.kptissueinc.com.
About Kruger Products L.P.
Kruger Products L.P. is Canada's leading manufacturer of quality tissue
products for household, industrial and commercial use. Kruger Products
L.P. serves the Canadian consumer market with such well-known brands as
Cashmere®, Purex®, SpongeTowels®, Scotties®' and White Swan®. In the
U.S., Kruger Products L.P. manufactures the White Cloud® brand, as well
as many private label products. Kruger Products L.P. has approximately
2,500 employees across North America and operates five FSC® CoC-
certified mills (FSC® C104904), four of which are located in Canada and
one in the US. For more information visit www.krugerproducts.ca.
SOURCE: KP Tissue Inc.
For further information:
General Counsel and Corporate Secretary
KP Tissue Inc.
Director of Investor Relations
KP Tissue Inc.