EDMONTON, Jan. 14 /CNW/ - K-Bro Linen Inc. (the "Corporation") announced today a dividend of 9.167 cents per common share of the Corporation for the period from January 1 to 31, 2011, to be paid on February 15, 2011 to holders of record of common shares on January 31, 2011.
The Corporation's policy is for shareholders of record on the last business day of a calendar month to receive dividends during the fifteen days following the end of such month. K-Bro designates this dividend as an eligible dividend pursuant to subsection 89(14) of the Income Tax Act (Canada) and similar provincial and territorial legislation.
K-Bro is the largest owner and operator of laundry and linen processing facilities in Canada. K-Bro provides a comprehensive range of general linen and operating room linen processing, management and distribution services to healthcare institutions, hotels and other commercial accounts. K-Bro currently has seven processing plants in six Canadian cities: Quebec City, Toronto, Edmonton, Calgary, Vancouver and Victoria.
K-Bro Linen Inc. carries on the business previously conducted by K-Bro Linen Income Fund (the "Fund"). Additional information regarding the Corporation and the predecessor Fund including required securities filings are available on our website at www.k-brolinen.com and on the Canadian Securities Administrators' website at www.sedar.com; the System for Electronic Document Analysis and Retrieval ("SEDAR").
SOURCE K-Bro Linen Inc.
For further information: Christopher Burrows, Vice-President & Chief Financial Officer, K-Bro Linen Inc., Phone: 780.453.5218, Email: firstname.lastname@example.org, Web: www.k-brolinen.com