TORONTO, Aug. 5, 2020 /PRNewswire/ - The Board of
Directors of TMX Group Limited today declared a dividend of
$0.70 on each common share
outstanding, an increase of $0.04 or
6%, from the previous $0.66 per
common share. This dividend is payable on September 4, 2020 to shareholders of record at
the close of business on August 21,
2020.
"We are pleased to announce TMX Group's third dividend increase
in the past eighteen months," said John
McKenzie, Interim Chief Executive Officer and Chief
Financial Officer of TMX Group. "Increasing the dividend reflects
the resilience and balanced strength of TMX's business model and a
demonstrated ability to generate cash flow through all types of
market conditions. We remain focused on executing our long-term
growth strategy and continuing to deliver value to our
shareholders."
TMX Group hereby advises that this dividend is designated as an
"eligible dividend" for Canadian income tax purposes.
For the results of the quarter ended June
30, 2020 for TMX Group, please click on the following link:
http://www.tmx.com/investor-relations/.
Caution Regarding Forward-Looking Information
This press release of TMX Group contains "forward-looking
information" (as defined in applicable Canadian securities
legislation) that is based on expectations, assumptions, estimates,
projections and other factors that management believes to be
reasonable as of the date of this press release. Often, but not
always, such forward-looking information can be identified by the
use of forward-looking words such as "plans", "expects", "is
expected", "budget", "scheduled", "targeted", "estimates",
"forecasts", "intends", "anticipates", "believes", or variations or
the negatives of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved or not be taken, occur or be
achieved.
Forward-looking information, by its nature, requires us to make
assumptions and is subject to significant risks and uncertainties
which may give rise to the possibility that our expectations or
conclusions will not prove to be accurate and that our assumptions
may not be correct. Such factors include, but are not limited to:
market competition; economic conditions generally; adverse effects
on our results caused by global economic uncertainties (including
the COVID-19 pandemic); regulatory constraints; the level of
trading and activity on markets, and particularly the level of
trading in TMX Group's key products; and the continued availability
of financing on appropriate terms for future projects. A
description of the above-mentioned items is contained under the
headings Risks and Uncertainties in the 2019Annual MD&A and
Update to Enterprise Risk Management in the Q2/20 Interim
MD&A.
We have no intention to update this forward-looking information,
except as required by applicable securities law. This
forward-looking information should not be relied upon as
representing our views as of any date subsequent to the date of
this press release. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking information.
About TMX Group (TSX-X)
TMX Group operates global markets, and builds digital
communities and analytic solutions that facilitate the funding,
growth and success of businesses, traders and investors. TMX
Group's key operations include Toronto Stock Exchange, TSX
Venture Exchange, TSX Alpha Exchange, The Canadian Depository for
Securities, Montréal Exchange, Canadian Derivatives Clearing
Corporation, and Trayport which provide listing markets,
trading markets, clearing facilities, depository services,
technology solutions, data products and other services to the
global financial community. TMX Group is headquartered in
Toronto and operates offices
across North America (Montréal,
Calgary, Vancouver and New
York), as well as in key international markets including
London and Singapore. For more information about TMX
Group, visit our website at www.tmx.com. Follow TMX Group on
Twitter: @TMXGroup.
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SOURCE TMX Group Limited