Taxation in Australia

Atrium Mortgage Investment Corporation Announces Election of Directors

Thursday, May 13, 2021 - 10:22pm

b"Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high.

Key Points: 
  • b"Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high.
  • Atrium's objectives are to provide its shareholders with stable and secure dividends and preserve shareholders' equity by lending within conservative risk parameters.\nAtrium is a Mortgage Investment Corporation (MIC) as defined in the Income Tax Act (Canada), so is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year.
  • Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the company had been made directly by the shareholder.
  • For further information, please refer to regulatory filings available at www.sedar.com or Atrium's website at www.atriummic.com .\n"

ECN Capital Reports US$0.08 in Adjusted Net Income per Common Share in Q1-2021 Solid Q1 Results Across Businesses

Wednesday, May 12, 2021 - 9:25pm

b'TORONTO, May 12, 2021 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (\xe2\x80\x9cECN Capital\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) today reported financial results for the three-month period ended March 31, 2021.\nFor the three-month period ended March 31, 2021, ECN Capital reported Adjusted net income applicable to common shareholders from continuing operations of $19.7 million or $0.08 per share (basic) versus $19.7 million or $0.08 per share (basic) for the previous three-month period and $14.5 million or $0.06 per share (basic) for the same period last year.\n\xe2\x80\x9cECN had strong Q1 results across each of the businesses\xe2\x80\x9d, said Steven Hudson, CEO of ECN Capital Corp. \xe2\x80\x9c$0.08 per share is at the high end of our Q1 guidance of $0.07-$0.08 from our Investor Day.

Key Points: 
  • b'TORONTO, May 12, 2021 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (\xe2\x80\x9cECN Capital\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) today reported financial results for the three-month period ended March 31, 2021.\nFor the three-month period ended March 31, 2021, ECN Capital reported Adjusted net income applicable to common shareholders from continuing operations of $19.7 million or $0.08 per share (basic) versus $19.7 million or $0.08 per share (basic) for the previous three-month period and $14.5 million or $0.06 per share (basic) for the same period last year.\n\xe2\x80\x9cECN had strong Q1 results across each of the businesses\xe2\x80\x9d, said Steven Hudson, CEO of ECN Capital Corp. \xe2\x80\x9c$0.08 per share is at the high end of our Q1 guidance of $0.07-$0.08 from our Investor Day.
  • These dividends are designated to be eligible dividends for purposes of section 89(1) of the Income Tax Act (Canada).\nA quarterly dividend of $0.390625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series C (TSX: ECN.PR.C) payable on June 30, 2021 to shareholders of record on the close of business on June 15, 2021.
  • These dividends are designated to be eligible dividends for purposes of section 89(1) of the Income Tax Act (Canada).\nThe Company will host its analyst briefing to discuss these results commencing at 5:30 PM (ET) on Wednesday, May 12, 2021.
  • The call can be accessed as follows:\n'

Putnam Investments Announces 19(a) Notices for Closed-End Funds

Monday, May 10, 2021 - 6:13pm

These estimates and the sources of the fund's dividends and distributions are determined in accordance with accounting principles applicable to the fund.

Key Points: 
  • These estimates and the sources of the fund's dividends and distributions are determined in accordance with accounting principles applicable to the fund.
  • A non-taxable return of capital, if any, cannot be determined until after the end of the fund's fiscal year.
  • These estimates and the sources of the fund's dividends and distributions are determined in accordance with accounting principles applicable to the fund.
  • A non-taxable return of capital, if any, cannot be determined until after the end of the fund's fiscal year.

Rogers Sugar Inc. Declares Dividend to Shareholders

Thursday, May 6, 2021 - 11:00am

b'MONTREAL, May 06, 2021 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (RSI) announces that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to Shareholders of record on June 30, 2021, payable on or before July 13, 2021.

Key Points: 
  • b'MONTREAL, May 06, 2021 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (RSI) announces that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to Shareholders of record on June 30, 2021, payable on or before July 13, 2021.
  • This is an eligible dividend for income tax purposes.\n'

ALLETE, Inc. Reports First Quarter Earnings of 99 Cents per Share

Thursday, May 6, 2021 - 11:30am

b'ALLETE, Inc. (NYSE: ALE) today reported first quarter 2021 earnings of 99 cents per share on net income of $51.8 million.

Key Points: 
  • b'ALLETE, Inc. (NYSE: ALE) today reported first quarter 2021 earnings of 99 cents per share on net income of $51.8 million.
  • Last year\xe2\x80\x99s results were $1.28 per share on net income of $66.3 million.
  • The timing of income taxes and operating and maintenance expense in 2021 negatively impacted the quarter compared to internal expectations by approximately 15 cents per share, which are expected to reverse during the remainder of the year.
  • Net income at SWL&P and our after-tax equity earnings in ATC were similar to 2020.\nALLETE Clean Energy recorded first quarter 2021 net income of $7.4 million compared to $11.7 million in 2020.

Core Canadian Dividend Trust Declares Monthly Fund Distribution

Tuesday, May 4, 2021 - 9:01pm

b'TORONTO, May 04, 2021 (GLOBE NEWSWIRE) -- (TSX: CDD.UN) Core Canadian Dividend Trust declares a monthly fund distribution in the amount of $0.02714 per unit, payable on May 31, 2021 to unitholders of record on May 14, 2021.\nFor further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@strathbridge.com or visit www.strathbridge.com .\n'

Key Points: 
  • b'TORONTO, May 04, 2021 (GLOBE NEWSWIRE) -- (TSX: CDD.UN) Core Canadian Dividend Trust declares a monthly fund distribution in the amount of $0.02714 per unit, payable on May 31, 2021 to unitholders of record on May 14, 2021.\nFor further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@strathbridge.com or visit www.strathbridge.com .\n'

Atrium Mortgage Investment Corporation Announces May 2021 Dividend and Q1 2021 Investor Conference Call Details

Tuesday, May 4, 2021 - 2:04pm

This provides shareholders with an easy way to realize the benefits of compound growth of their investment in Atrium.

Key Points: 
  • This provides shareholders with an easy way to realize the benefits of compound growth of their investment in Atrium.
  • ET to discuss the results.
  • Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the company had been made directly by the shareholder.
  • For further information, please refer to regulatory filings available at www.sedar.com or Atrium's website at www.atriummic.com .\n"

DGAP-News: Annual General Meeting of HAMBORNER REIT AG resolves dividend of €0.47 per share - Choice of cash or scrip dividend

Friday, April 30, 2021 - 6:52pm

b"The issuer is solely responsible for the content of this announcement.\nDuisburg, 29 April 2021 - This year's Annual General Meeting of HAMBORNER REIT AG was held virtually today.

Key Points: 
  • b"The issuer is solely responsible for the content of this announcement.\nDuisburg, 29 April 2021 - This year's Annual General Meeting of HAMBORNER REIT AG was held virtually today.
  • All the resolutions proposed by the Management Board and the Supervisory Board were approved by a large majority.
  • The date on which the cash dividend will be paid and the new shares issued is expected to be 27 May 2021 and 31.
  • The company is a registered real estate investment trust (REIT) and benefits from corporation and trade tax exemption at company level.\n"

Clough Global Dividend and Income Fund Section 19(a) Notice Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

Friday, April 30, 2021 - 11:00am

b'The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes.

Key Points: 
  • b'The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes.
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
  • The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.
  • The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.\nClough Global Dividend and Income Fund (NYSE MKT: GLV)\nView original content to download multimedia: http://www.prnewswire.com/news-releases/clough-global-dividend-and-incom...\n'

ARMOUR Residential REIT, Inc. Announces May 2021 Dividend Rate Per Common Share

Wednesday, April 21, 2021 - 11:30am

b'ARMOUR has elected to be taxed as a real estate investment trust (\xe2\x80\x9cREIT\xe2\x80\x9d) for U.S. Federal income tax purposes.

Key Points: 
  • b'ARMOUR has elected to be taxed as a real estate investment trust (\xe2\x80\x9cREIT\xe2\x80\x9d) for U.S. Federal income tax purposes.
  • In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income.
  • Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders.
  • These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.