Hammond Power Solutions Declares Semi-Annual Dividend
June 06 2012 - 5:24PM
Marketwired
The Board of Directors of Hammond Power Solutions Inc. ("HPS")
(TSX:HPS.A) today declared a semi-annual cash dividend of nine
cents ($0.09) per Class A Subordinate Voting Share of HPS and a
semi-annual cash dividend of nine cents ($0.09) per Class B Common
Share of HPS payable on June 29, 2012 to shareholders of record at
the close of business on the 15th day of June 2012. The ex-dividend
date is June 13, 2012.
Important Income-Tax Information for Canadian Resident
Shareholders
HPS designates the entire amount of this taxable dividend to be
an "eligible dividend" for purposes of the Income Tax Act (Canada),
as amended from time to time. This notice meets the requirements of
the Income Tax Act (Canada). Please contact your tax advisor if you
have any questions with regard to the designation of the eligible
dividend.
Caution Regarding Forward-Looking Information
This press release contains "forward-looking information" within
the meaning of applicable securities laws. The forward-looking
information contained in this press release is subject to known and
unknown risks, uncertainties and other factors that are not within
the control of HPS. Generally, this forward-looking information can
be identified by the use of forward-looking terminology such as
"outlook", "anticipate", "project", "target", "believe",
"estimate", "expect", "intend", "should", "scheduled", "will",
"plan" and similar expressions. Forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause HPS's actual results, level of activity, performance
or achievements to be materially different from those expressed or
implied by such forward-looking information.
A discussion of factors that may affect HPS' actual results,
performance, achievements or financial position is contained in the
filings by HPS with the Canadian securities regulatory authorities,
including HPS' Annual Information Form. This list is not exhaustive
of the factors that may affect our forward-looking information.
These and other factors should be considered carefully and readers
should not place undue reliance on such forward-looking
information. HPS disclaims any intent or obligations to update or
revise publicly any forward-looking statements whether as a result
of new information, estimates or options, future events or results
or otherwise, unless required to do so by law.
About Hammond Power Solutions Inc.
Hammond Power Solutions Inc. is a leading manufacturer of dry
type, cast coil and oil filled transformers and related magnetics.
Advanced engineering capabilities, high quality products and fast
responsive service to customers' needs have established HPS as a
technical and innovative leader in the electrical and electronic
industries. HPS has manufacturing plants in Canada, the United
States, Mexico, Italy and India.
Contacts: Hammond Power Solutions Inc. Dawn Henderson Manager of
Investor Relations 519-822-2060 x 414
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