Global Summit Real Estate Inc.

January 23, 2012 17:44 ET

Global Summit Real Estate Inc. Announces Dividend

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2012) - Global Summit Real Estate Inc. -

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Global Summit Real Estate Inc. ("Global Summit") today announced that Global Summit's Board of Directors declared a dividend of $0.037603 per voting and non-voting common share of Global Summit payable on January 27, 2012 to shareholders of record on January 23, 2012. Valued at $90 million, these dividends are eligible dividends within the meaning of the Income Tax Act (Canada).

About Global Summit Real Estate Inc.

Global Summit is a real estate development company and currently has an indirect interest in real estate development projects located in downtown Toronto, Ontario. Global Summit is also into development of commercial rental properties in Greater Vancouver, British Columbia.

Contact Information

  • Global Summit Real Estate Inc.
    David Tong
    Treasurer and Secretary
    (604) 408-7080
    (604) 602-7703 (FAX)
    info@globalsummit.ca