MONTREAL, March 27, 2012 /CNW Telbec/ - Canadian Helicopters Group Inc. ("Canadian Helicopters") (TSX: CHL.A CHL.B) announced today that its Board of Directors has declared monthly dividends of $0.091875 per Common Share and Variable Voting Shares, payable on each of May 15, 2012, June 15, 2012 and July 13, 2012 to holders of record at the close of business April 30, 2012, May 31, 2012 and June 29, 2012, respectively.
The foregoing dividends are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.
Canadian Helicopters' Board of Directors reviews the applicable dividend rates on a quarterly basis. Shareholders are entitled to receive dividends only when any such dividends are declared by Canadian Helicopters' Board of Directors, and there is no entitlement to any dividend prior thereto.
ABOUT CANADIAN HELICOPTERS GROUP INC.
Canadian Helicopters Group is an international provider of helicopter transportation and related support services with fixed primary operations in Canada, Australia, New Zealand and regions of Southeast Asia. The group also delivers contracted on demand support in Afghanistan and Antarctica. Charter operations are provided under two brands: Helicopters New Zealand (HNZ) in the Asia Pacific and Antarctica regions and Canadian Helicopters Limited (CHL) in Canada and Afghanistan. In addition to charter services, the Company provides flight training and third party repair and maintenance services. With headquarters near Montreal, Canada, the Company operates approximately 160 helicopters and employs approximately 800 personnel.
For further information:
Canadian Helicopters Group Inc.
President and Chief Executive Officer