NOT FOR DISTRIBUTION IN THE
The dividends paid are designated as "eligible" dividends for the purposes of the Income Tax Act (
The dividend is being declared in connection with the declaration of a corresponding quarterly distribution by
Dividend Reinvestment Plan
The Corporation has a Dividend Reinvestment Plan under which eligible shareholders may elect to have their cash dividends reinvested in additional common shares of KPT. Under the Plan, the Corporation will automatically reinvest for participating shareholders the cash dividends of KPT in newly issued Common Shares at a price per Common Share equal to the 5-day weighted average trading price of the Common Shares prior to the dividend payment date. The Plan was recently amended to increase the price per Common Share issued pursuant to the Plan from 97% of the 5-day weighted average trading price of the Common Shares prior to the dividend payment date to 100% of the 5-day weighted average trading price of the Common Shares prior to the dividend payment date. The amendment is subject to approval by the
Only Canadian shareholders are eligible to participate in the DRIP and the DRIP is subject to additional limitations and restrictions. Interested shareholders are encouraged to review the full text of the DRIP, available on KPT’s website at www.kptissueinc.com.
Shareholders who wish to participate in the DRIP should contact their broker, financial institution, or other nominee through which their Common Shares are held to determine their eligibility and provide appropriate enrolment instructions, and to ensure any deadlines or other requirements that such broker, financial institution, or nominee may impose or be subject to are met.
About
KPT was created to acquire, and its business is limited to holding, a limited partnership interest in KPLP, which is accounted for as an investment on the equity basis. KPT currently holds a 14.8% interest in KPLP. For more information visit www.kptissueinc.com.
About
KPLP is
INFORMATION:
General Counsel and Corporate Secretary
Tel.: 905.812.6936
Francois.Paroyan@krugerproducts.ca
INVESTORS:
Director of Investor Relations
Tel.: 905.812.6962
IR@kptissueinc.com
SOURCE
Source:
2020 GlobeNewswire, Inc., source