TORONTO, ONTARIO--(Marketwired - March 11, 2014) - Altus Group Limited ("Altus Group" or "the Company") (TSX:AIF) announced today that the Board of Directors has approved the payment of a cash dividend of $0.15 per share for the first quarter ending March 31, 2014.
Payment will be made on April 15, 2014 to shareholders of record as at March 31, 2014.
Altus Group confirms its Dividend Reinvestment Plan ("DRIP"), under which eligible shareholders may direct their cash dividends to be reinvested in additional common shares of the Company. Altus Group intends to issue shares from treasury at a price equal to 96% of the weighted average closing price of the shares for the five trading days preceding the dividend payment date.
Full details of the DRIP program are available on the Company website at http://www.altusgroup.com/investor-relations/shareholder-information.aspx.
Altus Group hereby designates all dividends paid or deemed to be paid as "eligible dividends" for purposes of subsection 89(14) of the Income Tax Act (Canada), and similar provincial and territorial legislation, unless indicated otherwise.
About Altus Group Limited
Altus Group is a leading provider of independent commercial real estate consulting and advisory services, software and data solutions. We operate five interrelated Business Units, bringing together years of experience and a broad range of expertise into one comprehensive platform: Research, Valuation and Advisory; ARGUS Software; Property Tax Consulting; Cost Consulting and Project Management and Geomatics. Our suite of services and software enables clients to analyze, gain insight and recognize value on their real estate investments.
Altus Group has over 1,800 employees in multiple offices around the world, including Canada, the United States, the United Kingdom, Australia and Asia Pacific. Altus Group's clients include financial institutions, private and public investment funds, insurance companies, accounting firms, public real estate organizations, real estate investment trusts, healthcare institutions, industrial companies, foreign and domestic private investors, real estate developers, governmental institutions and firms in the oil and gas sector.
For more information, please visit www.altusgroup.com.