Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

ComWest Enterprise Declares Increased Quarterly Dividend


Print article Print article
© Marketwire 2013
2013-02-28 20:37:23 -

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/13 -- ComWest Enterprise Corp. (TSX VENTURE:CWP)(TSX VENTURE:CWP.A) (the "Company") is pleased to announce that the board of directors of the Company has declared a cash dividend of $0.05 per share, payable to shareholders of record on March 7, 2013. The dividend will be paid on or about March 14, 2013. Both holders of Class A Restricted Equity Shares and Class B Common Shares will be entitled to the dividend. All dividends declared by the Company are designated as eligible dividends.



As the Company has now repaid the initial borrowings for the acquisition of a 90% limited partnership interest in Peerless Garments LP ("Peerless"), the directors have authorized this increase in the quarterly dividend from $0.02 to $0.05 per share. The Company currently has $1 million in term loans outstanding, the funds from which were used to acquire real estate related to the Peerless manufacturing facility. It is expected that this loan will be retired over the ensuing fiscal year.


ON BEHALF OF THE BOARD


Douglas F. Good, President


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


Contacts:

ComWest Enterprise Corp.

Douglas F. Good

Investor Relations Contact

778 370 1725
dgood@comwestenterprise.ca :

at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid= .. width="1" height="1" alt=" " border="0" />



Press Information:




Contact Person:


Disclaimer: (c) 2014 Market Wire. All of the press releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Market Wire's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser