OTTAWA, Dec. 1, 2016 /CNW/ - MD Financial Management Inc., the Manager of MD Growth Investments Limited (MDG), a mutual fund corporation and member of the MD family of mutual funds, announced today that MDG has approved a dividend payment to be made on December 19, 2016. The dividend payment will be made to shareholders of record as of December 16, 2016.
The dividend is estimated to be $0.04 per share. The actual dividend amount per share may vary as it will be determined based on the number of outstanding shares at the close of business on December 16, 2016. The actual dividend amount per share will be posted to the MD website on December 20, 2016.
The above-mentioned dividend is designated as an eligible dividend for the purposes of the Income Tax Act (Canada) and any similar applicable provincial legislation.
About MD Financial Management
MD Financial Management Inc. (MD), a wealth-management organization owned by the Canadian Medical Association (CMA), is the Investment Fund Manager for MD Growth Investments Limited (MDG) and is responsible for managing the overall business and operations of MDG.
MD has more than $44 billion in assets under administration and is dedicated to serving Canada's physicians and their families. MD provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies.
For more information about MD Financial Management Inc. and the MD Group of Companies, please visit md.cma.ca, talk to an MD Advisor or call the MD Trade Centre at 1 800 267-2332.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed. Their values change frequently and past performance may not be repeated. To obtain a copy of the prospectus, please call your MD Advisor, or the MD Trade Centre at 1 800 267-2332. The MD Family of Funds is managed by MD Financial Management Inc., a CMA company.
SOURCE MD Financial Management
For further information: Media Contact: Maria Grant, Lead, External Communications, MD Financial Management, [email protected], 613 809-0657