Income Tax Act

Civeo Reports Fourth Quarter and Full Year 2023 Results

Retrieved on:

Thursday, February 29, 2024

Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the fourth quarter and year ended December 31, 2023.

Key Points:

Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the fourth quarter and year ended December 31, 2023.
We continued to deliver strong results in the fourth quarter with revenues, Adjusted EBITDA and free cash flow above expectations.
During the fourth quarter of 2023, Civeo produced operating cash flow of $40.0 million, Adjusted EBITDA of $17.4 million and free cash flow of $39.2 million.
Civeo will host a conference call to discuss its fourth quarter 2023 financial results today at 11:00 a.m. Eastern time.

CI Financial Announces Commencement of Substantial Issuer Bid

Retrieved on:

Monday, February 26, 2024

Asset Management, Professional Services, Finance, System, Expiration, CIX, Income Tax Act, TSX, Purchasing, Computershare, NBF, Maxima and minima, Corporation, Security (finance)

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today it has commenced its previously announced substantial issuer bid (the “Offer”), pursuant to which the Corporation will offer to purchase up to 4,857,142 (the “Maximum Number of Shares”) of its outstanding common shares (the “Shares”) from holders of Shares (the “Shareholders”) for cash, at a purchase price of $17.50 per Share (the “Purchase Price”).

Key Points:

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today it has commenced its previously announced substantial issuer bid (the “Offer”), pursuant to which the Corporation will offer to purchase up to 4,857,142 (the “Maximum Number of Shares”) of its outstanding common shares (the “Shares”) from holders of Shares (the “Shareholders”) for cash, at a purchase price of $17.50 per Share (the “Purchase Price”).
The Offer would be for approximately 3.11% of the total number of issued and outstanding Shares.
Shares that are not taken up in connection with the Offer will be returned to Shareholders that tendered to the Offer.
The Corporation has further engaged NBF to act as its dealer manager and financial advisor in connection with the Offer.

Coeur Announces Flow-Through Shares Private Placement to Advance Silvertip Exploration

Retrieved on:

Monday, February 26, 2024

Mining, Minerals, Natural Resources, Regulation, Person, Zinc, Income Tax Act, News, Sale, Lead, CDE, Silver, Offering, Security (finance)

Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today announced that it has arranged a private placement (the “Offering”) of 7,704,725 flow-through common shares of the Company that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “flow-through shares”) for gross proceeds of approximately $25 million (C$34 million), resulting in a 27% premium.

Key Points:

Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today announced that it has arranged a private placement (the “Offering”) of 7,704,725 flow-through common shares of the Company that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “flow-through shares”) for gross proceeds of approximately $25 million (C$34 million), resulting in a 27% premium.
The flow-through shares will be privately placed with investors in certain provinces in Canada pursuant to applicable exemptions from the prospectus requirements.
The flow-through shares will only be offered and sold outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the “U.S.
Securities Act”).

Nutrien Increases Quarterly Dividend and Announces Intent to Launch a New Share Repurchase Program

Retrieved on:

Wednesday, February 21, 2024

Agriculture, Natural Resources, CDS, Bank, TSX, Toronto Stock Exchange, Income Tax Act, Depository Trust Company, Cede and Company, NTR, Security (finance)

This represents an approximately two percent increase from the prior dividend declared on November 1, 2023 and equates to an annualized dividend of US$2.16 per share.

Key Points:

This represents an approximately two percent increase from the prior dividend declared on November 1, 2023 and equates to an annualized dividend of US$2.16 per share.
However, registered shareholders of Nutrien may elect to change the currency of their dividend payments to US dollars or Canadian dollars, as applicable.
In addition, Nutrien offers registered shareholders direct deposit by electronic funds transfer for dividend payments.
All dividends paid by Nutrien are, pursuant to subsection 89(14) of the Income Tax Act (Canada), designated as eligible dividends.

Nuvei Announces Fourth Quarter and Fiscal 2023 Results

Retrieved on:

Tuesday, March 5, 2024

Acquisition, SMB, Total, Internal Revenue Code, Income Tax Act, TSX, Government, Letter, Ratio, ISV, Nuvei, LATAM, Public expenditure, Three Months, Hand, Cryptocurrency

MONTREAL, March 5, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today reported its financial results for the three months and year ended December 31, 2023. The Company's results are also included in a quarterly shareholder letter which can be found in the "Events and presentations" and "Financial information" sections of the Company's Investor Relations website at https://investors.nuvei.com.

Key Points:

MONTREAL, March 5, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today reported its financial results for the three months and year ended December 31, 2023.
B2B, government and ISV revenue increased 19% year over year on a pro forma basis(g), to $59 million and represented 18% of total revenue in the fourth quarter.
SMB revenue increased 2% year over year on a pro forma(g) basis, to $82 million and represented 26% of total revenue in the fourth quarter.
In summary, total revenue increased 11% year over year on a pro forma(g) basis in the fourth quarter.

Purpose Investments Inc. Announces February 2024 Distributions

Retrieved on:

Saturday, February 17, 2024

Income Tax Act, CAD, USD, Bank

Purpose expects to issue a press release on or about February 27, 2024, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund.

Key Points:

Purpose expects to issue a press release on or about February 27, 2024, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund.
The ex-distribution date will be February 28, 2024.
Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option.
Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent.

Savaria Declares Monthly Dividend

Retrieved on:

Friday, February 16, 2024

Income Tax Act, TSX, Corporation, Policy

LAVAL, Quebec, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Savaria Corporation (“Savaria”) (TSX: SIS) a global leader in the accessibility industry, declared today a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on March 8, 2024, to shareholders of record of the Corporation at the close of business on February 29, 2024.

Key Points:

LAVAL, Quebec, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Savaria Corporation (“Savaria”) (TSX: SIS) a global leader in the accessibility industry, declared today a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on March 8, 2024, to shareholders of record of the Corporation at the close of business on February 29, 2024.
This is an eligible dividend within the meaning of the Income Tax Act.

TC Energy declares quarterly dividends

Retrieved on:

Friday, February 16, 2024

Income Tax Act, TSX, TC Energy, Toronto Stock Exchange, Common, DRP, TRP, News, Donald Duck filmography, TC, Holding company

CALGARY, Alberta, Feb. 16, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.96 per common share for the quarter ending Mar.

Key Points:

CALGARY, Alberta, Feb. 16, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.96 per common share for the quarter ending Mar.
The Board also declared quarterly dividends on the outstanding Cumulative First Preferred Shares as follows:
For the period up to but excluding Mar.
2, 2024:
These dividends are designated by TC Energy to be eligible dividends for purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation.
The DRP is available for dividends payable on TC Energy’s common and preferred shares.

Canadian General Investments, Limited Declares Dividend on Common Shares

Retrieved on:

Thursday, February 15, 2024

Income Tax Act, TSX, CGI, Investment

TORONTO, Canada, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (“CGI” or “the Company”) (TSX:CGI) (LSE: CGI) has declared a quarterly dividend of $0.25 per share payable on March 15, 2024 to common shareholders of record at the close of business on February 29, 2024 (“the Dividend”).

Key Points:

TORONTO, Canada, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (“CGI” or “the Company”) (TSX:CGI) (LSE: CGI) has declared a quarterly dividend of $0.25 per share payable on March 15, 2024 to common shareholders of record at the close of business on February 29, 2024 (“the Dividend”).
This dividend is designated as an "eligible dividend” for purposes of the Income Tax Act (Canada).
CGI is a closed-end equity fund, focused on medium to long-term investments in primarily Canadian corporations.
Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments.

Sienna Announces February Dividend

Retrieved on:

Thursday, February 15, 2024

Income Tax Act, TSX, Indian stock exchange, Legislation, SIA

MARKHAM, Ontario, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today announced a dividend of $0.078 per common share of the Company (each, a “Common Share”) for the month of February 2024, representing $0.936 per Common Share on an annualized basis.

Key Points:

MARKHAM, Ontario, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today announced a dividend of $0.078 per common share of the Company (each, a “Common Share”) for the month of February 2024, representing $0.936 per Common Share on an annualized basis.
The dividend will be payable on March 15, 2024 to shareholders of record as at February 29, 2024.
The Company's dividends are designated as eligible dividends for Canadian tax purposes in accordance with subsection 89(14) of the Income Tax Act (Canada), and any applicable corresponding provincial and territorial legislation.