McGraw-Hill Ryerson Limited

McGraw-Hill Ryerson Limited

November 19, 2012 10:53 ET

McGraw-Hill Ryerson Limited Announces That Due Bill Trading Will Apply to the Special Dividend Previously Announced on November 16, 2012

WHITBY, ONTARIO--(Marketwire - Nov. 19, 2012) - McGraw-Hill Ryerson Ltd. (TSX:MHR) -

Attention: Business/Financial Editors

Notice is hereby given that the Toronto Stock Exchange has determined that its "Due Bill" trading procedures will apply to the company's shares for the special, one-time dividend which was previously announced on November 16, 2012.

Pursuant to the Due Bill trading procedures, trades of common shares entered into from and including November 23, 2012 until and including December 14, 2012 will have a Due Bill attached which will allow the purchaser to receive the initial distribution instead of the seller, even if such trades are settled after the November 27, 2012 record date. Thus any trades that are executed during the Due Bill trading period will be automatically flagged to ensure that purchasers receive the entitlement and sellers do not.

The "ex-distribution" date (the date on which purchases of McGraw-Hill Ryerson Limited Common Shares will no longer have an attaching right to the distribution) will be December 17, 2012, the first trading day following the distribution payment date. Investors who enter into trades to purchase common shares on December 17, 2012 will not be entitled to the distribution. The Due Bills will be redeemed on December 19, 2012 once all the trades with attached Due Bills entered into up to and including December 14, 2012 have settled.

Contact Information

  • McGraw-Hill Ryerson Limited
    Brenda Arseneault
    Chief Financial Officer and Secretary-Treasurer
    (905) 430-5223