VANCOUVER, March 11 /CNW/ - The Directors of Wall Financial Corporation (the "Company") today declared a cash dividend of $1.00 for each Common Share without par value in the capital of the Company (the aggregate of the dividend being approximately $33,113,365) to the holders of record of the Common Shares without par value on the 25th day of March 2010 to be payable on or before the 8th day of April 2010. The Company, for the purposes of the Income tax Act (Canada) and any similar provincial legislation, notifies that the dividend declared on March 11, 2010 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.
SOURCE Wall Financial Corporation
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