Colabor Group Inc.
TSX : GCL

Colabor Group Inc.

January 15, 2010 09:29 ET

Additional Disclosure by Colabor Group Inc. on Dividends for the Period of August 25, 2009 to December 31, 2009

BOUCHERVILLE, QUEBEC--(Marketwire - Jan. 15, 2010) - Today, Colabor Group Inc. (TSX:GCL) paid a dividend of $0.2011 per share, as well as a dividend of $0.1780 per share, representing a total amount per share of $0.3791 for the period of August 25 to December 31, 2009 to the recorded shareholders of the Company as of the end of the business day on December 31, 2009. Colabor Group Inc. hereby informs shareholders that the dividend of $0.2011 per share paid for the period of August 25 to December 31, 2009 is an eligible dividend for the purpose of subsection 89(14) of the Income Tax Act. The next quarterly dividends to be paid should be designated as eligible dividends.

Considering that these dividends are paid for a period of more than three (3) months, namely since the conversion of Colabor Income Fund into a corporation, which took place last August 25, the total amount of the dividends is higher than the $0.2691 per common share that would normally be declared by the Company for one quarter.

Colabor is a wholesaler and distributor of food and non-food products serving the retail (grocery stores, convenience stores, etc.) and food-service (cafeterias, restaurants, hotels, restaurant chains, etc.) markets.

Additional information can be found in the information documents filed by the Colabor Group Inc. with securities regulators, at www.sedar.com.

Contact Information

  • Colabor Group Inc.
    Mr. Gilles C. Lachance
    President and Chief Executive Officer
    450-449-0026 ext. 265
    or
    Colabor Group Inc.
    Mr. Michel Loignon, CA
    Vice-President & Chief Financial Officer
    450-449-0026 ext. 235
    www.colabor.com