Sonor Investments Limited

December 18, 2013 11:18 ET

Sonor Investments Limited Announces Appointment of New President and Notice of Dividend

TORONTO, ONTARIO--(Marketwired - Dec. 18, 2013) - Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today announced the appointment of Thomas B. Vandepeer as President of the Company effective immediately.

Michael Gardiner, Chairman and Chief Executive Officer, previously held the position of President and remains as Chairman and CEO. Mr. Gardiner commented that Mr. Vandepeer has had several years of experience in the investment industry and that his proficiency in this area will help to enhance Sonor's management team.

Sonor's commitment to preserving capital while achieving reliable income through investment in senior stocks, bonds and other income producing investments remains unchanged.

Mr. Gardiner also noted that a semi-annual eligible dividend of $0.225 per share on the Corporation's 9% First Preference Shares payable on March 15, 2014 has been declared at a meeting of its Board of Directors. The dividend will be paid to shareholders of record at the close of business on March 1, 2014.

The Company continues to maintain net assets and qualified investments in excess of the amounts prescribed under the share conditions pertaining to the First Preference Shares in its capital stock.

Sonor Investments Limited is an investment company located in Toronto, Canada. The First Preference Shares of Sonor trade on The TSX Venture Exchange under the symbol SNI.PR.A.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sonor Investments Limited
    Mr. Michael Gardiner
    Chairman and CEO
    (416) 369-1499

    Sonor Investments Limited
    Mr. Stephen Mills
    Treasurer & CFO
    (416) 369-1499