CALGARY, April 3 /CNW/ - TD Mortgage Investment Corporation ("TDMIC")
today announced that a dividend at the rate of thirty-two dollars and thirty
cents ($32.30) per fully paid Preferred Share, Series A ("HYBRIDs") in the
capital stock of TDMIC has been declared for the period ending October 31,
2007, payable on October 31, 2007 to shareholders of record at the opening of
business on October 26, 2007.
As set out in the prospectus issuing the HYBRIDs, each HYBRIDs has a face
value of $1,000 and is entitled to a non-cumulative preferential cash
dividend, if, as and when declared by the Board of TDMIC, at an annual rate of
$64.60, or 6.46% annualized. Holders of HYBRIDs are urged to consult with
their financial and tax advisors regarding this dividend, which will generally
be treated as interest income for Canadian federal income tax purposes.
Notwithstanding the October 26, 2007 record date, The Canadian Depository
for Securities Limited will monitor settlements of trades in HYBRIDs following
the record date until the close of business on October 30, 2007 so that a
party acquiring HYBRIDs as a result of the settlement of a trade on or before
5:00 p.m. (Toronto time) on October 30, 2007 will receive the dividend.
For further information:
For further information: Jane Rooney, TD Mortgage Investment
Corporation, (403) 292-1002