TORONTO, Feb. 19, 2013 /CNW/ - IBI Group Inc. (the "Company") (TSX: IBG) today declared a cash dividend of $0.1375 per Share for the three months ending February 28, 2013, payable March 31 2013 to shareholders of record on February 28, 2013. This is consistent with the decision of the Company announced on December 12, 2012.
The Company is continuing to make available its Dividend Reinvestment Plan (the "DRIP"), under which eligible shareholders may direct that their cash dividends be reinvested in additional common shares of the Company. As previously announced, the Company may from time to time change the amount of the discount from the five day volume-weighted average trading price of the common shares on the Toronto Stock Exchange at which shares may be issued from treasury under the DRIP. The Company has determined it appropriate to set, until further notice, the discount at 2%, a change from the 5% initially offered. The details of the Company's DRIP are available on the Company's website (www.ibigroup.com).
About IBI GROUP INC. AND IBI GROUP
IBI Group Inc. is a TSX listed company, which pays monthly dividends and trades under the symbol "IBG". IBI Group Inc. holds an indirect 77% interest in IBI Group, a partnership (of a subsidiary of IBI Group Inc. and IBI Group Management Partnership) which, directly and through its subsidiary entities, provides professional services, including planning, design, implementation, analysis of operations and other consulting services in relation to four main areas of development, being urban land, building facilities, transportation networks and systems technology. The remaining 23% of IBI Group is owned by IBI Group Management Partnership. On a partially diluted basis, assuming the exchange of its partnership units of IBI Group for common shares of IBI Group Inc., IBI Group Management Partnership together with affiliated entities holds a combined 42% interest in IBI Group Inc.
SOURCE: IBI Group Inc.
For further information:
IBI Group Inc.
230 Richmond Street West, 5th Floor
Toronto, ON M5V 1V6
Tel: 416-596-1930, Fax: 416-596-8024