CALGARY, Dec. 19, 2017 /CNW/ - Genesis Land Development Corp. ("Genesis") (TSX: GDC), announces that its Board of Directors has declared a special cash dividend of $0.25 per common share for a total of $10,813,180.25 payable to shareholders of record on December 27, 2017, which will be paid on January 5, 2018.
The ex-dividend date for the special dividend is December 22, 2017.
The special dividend is designated as an eligible dividend under the Income Tax Act (Canada)
Genesis Land Development Corp. is a land developer and residential home builder in the Calgary Metropolitan Area. The Corporation's common shares are listed on the Toronto Stock Exchange (TSX: GDC).
SOURCE Genesis Land Development Corp.
For further information: Stephen J. Griggs, Chief Executive Officer, Wayne King, CPA, CA, Chief Financial Officer, 7315 - 8 Street NE Calgary AB T2E 8A2, Phone 403-265-8079 Fax 403-984-1299, [email protected], www.genesisland.com