PHOENIX, May 29, 2014 /CNW/ - GWR Global Water Resources Corp. (TSX:
GWR) (the "Company") today announced that its board of directors has
declared, under its recently approved dividend policy, a monthly cash
dividend on the common shares of the Company (the "Shares") in the
amount of CAD$0.022 per Share (an annualized amount of CAD$0.264 per
Share), which will be payable on June 30, 2014, to holders of record at
the close of business on June 16, 2014. The 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 Resources, Inc.
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. 238