VANCOUVER, Sept. 25 /CNW/ - The Directors of Wall Financial Corporation
(the "Company") today declared a cash dividend of $0.15 for each Common Share
without par value in the capital of the Company (the aggregate of the dividend
being approximately $4,967,004.75) to the holders of record of the Common
Shares without par value on the 9th day of October, 2008 to be payable on or
before the 23rd day of October, 2008. The Company, for the purposes of the
Income tax Act (Canada) and any similar provincial legislation, notifies that
the dividend declared on September 25, 2008 is designated as an eligible
dividend, and that all future dividends are designated as "eligible
dividends", unless indicated otherwise.
The above information is expressed in Canadian dollars and is prepared in
accordance with Canadian generally accepted accounting principles.
Wall Financial Corporation is a B.C. based real estate company active in
the development and management of residential rental apartments, development
and construction of residential housing for resale, and the development and
management of hotel properties.
The Toronto Stock Exchange does not accept responsibility for the
adequacy and accuracy of this release. The Toronto Stock Exchange has neither
approved nor disapproved of the contents of this release.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: Bruno Wall, President, WALL FINANCIAL
CORPORATION, (TSX:WFC), 3502 - 1088 Burrard Street, Vancouver, British
Columbia, V6Z 2R9, (604) 893-7131