GUELPH, ON, April 18, 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 June 30, 2012 to shareholders of record at the close of business on June 1, 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 June 30, 2012 to shareholders of record at the close of business on June 1, 2012.
Co-operators General has designated the dividends referred to above as eligible dividends for the purposes of the Income Tax Act (Canada).
With assets of more than $5.1 billion, Co-operators General is a leading Canadian-owned multi-product insurance company. Co-operators General is part of The Co-operators Group Ltd. (CGL), a Canadian-owned co-operative. Through its group of companies it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is ranked #1 among the 50 Best Corporate Citizens in Canada by Corporate Knights, and 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.
For further information:
P. Bruce West
Executive Vice-President, Finance and Chief Financial Officer
Telephone: (519) 767-3036 Fax: (519) 824-0599