Pacific & Western declares dividend on Class "B" Preferred Shares
LONDON, ON, March 5 /CNW/ - Pacific & Western Credit Corp. (TSX:PWC) will pay a quarterly dividend on its outstanding Class "B" Preferred Shares on March 31, 2010 at the rate of $2.25 per annum. The dividend will be in the amount of $0.563 per Class "B" Preferred Share, comprised of $0.21 cash and $0.353 in common shares of PWC. The number of common shares to be issued is based on the volume weighted average trading price of PWC's common shares on the TSX, and will be released when that information is available.
The dividend to which this notice relates is payable on March 31, 2010 to Class "B" Preferred Shareholders of record at the close of business on March 19, 2010, and is an eligible dividend for tax purposes.
Pacific & Western Credit Corp.'s Class "B" Preferred Shares trade on the TSX under the symbol PWC.PR.B.
Pacific & Western Credit Corp.'s common shares trade on the TSX under the symbol PWC.
On behalf of the Board of Directors: David R. Taylor, President & C.E.O.
To receive company news releases, please contact: Carla McPhee at [email protected], (519) 675-4204
For further information: Director, Investor Relations: Wade MacBain, (800) 244-1509, [email protected]; Public Relations & Media: Tel Matrundola, Vice-President, (416) 203-0882, [email protected]; Visit our website at: http://www.pwbank.com
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