GUELPH, ON, Feb. 15, 2012 /CNW/ - The Board of Directors of Co-operators
General Insurance Company ("Co-operators General") today announced a
quarterly dividend of $0.3125 per Non-Cumulative Redeemable Class E
Preference Shares, Series C, payable March 31, 2012 to shareholders of
record at the close of business on March 2, 2012.
In addition, the Board of Directors announced a quarterly dividend of
$0.453125 per Non-Cumulative Redeemable Class E Preference Shares,
Series D, payable March 31, 2012 to shareholders of record at the close
of business on March 2, 2012.
Co-operators General has designated the dividends referred to above as
eligible dividends for the purposes of the Income Tax Act (Canada).
Co-operators General is a part of The Co-operators Group Limited (CGL),
a Canadian-owned co-operative with more than $40 billion in assets
under administration. Through its group of companies CGL offers home,
auto, life, group, travel, commercial and farm insurance, as well as
investment products. CGL is well known for its community involvement
and its commitment to sustainability and is ranked #1 among the 50 Best
Corporate Citizens in Canada by Corporate Knights. It is also listed
among the 50 Best Employers in Canada.
Co-operators General Class E, Series C Preference Shares trade under
ticker symbol CCS.PR.C and the Class E Series D Preference Shares trade
under ticker symbol CCS.PR.D. Both series of shares trade on the
Toronto Stock Exchange (TSX).
Note to Editors: All figures in Canadian dollars.
SOURCE The Co-operators
For further information:
P. Bruce West
Executive Vice-President, Finance and Chief Financial Officer
Telephone: (519) 767-3036 Fax: (519) 824-0599