NCM Asset Management Ltd. Announces Eligible Dividends - February 2020
February 28, 2020
Calgary, Alberta – NCM Asset Management Ltd. (“NCM”), the Manager of a strategically focused group of public mutual funds and alternative funds (“NCM Investments”), announced today that dividends have been declared for the following funds:
- $0.056 per share* for NCM Income Growth Class
- $0.044 per share* for NCM Global Income Growth Class
- $0.041 per share* for NCM US Dividend Class
* Based on the F Series; rates may differ for other series.
All dividends are payable on Feb 28, 2020, to shareholders of record at the close of business on Feb 27, 2020.
NCM Asset Management Ltd. hereby advises that these dividends are designated to be "eligible dividends" pursuant to subsection 89(14) of the Income Tax Act (Canada) and corresponding provincial legislation, with the exception of the T6 Series and F6 Series, which allocates $nil as eligible dividends.
Shareholders with questions regarding the tax treatment of dividends should consult with their own tax advisors or contact their local office of the Canada Revenue Agency and, where applicable, the provincial taxation authorities.
NCM Asset Management Ltd. is a Canadian investment firm with offices in Calgary and Toronto.
For More Information:
Brad DimitroffInvestment Operations Manager
Brad is Investment Operations Manager at NCM Investments. Based in Toronto, he has been with the firm since 2015. His responsibilities include the management and oversight of NCM’s vendor relationships, as well as providing day-to-day operational support for all areas…
Investment Operations Manager
Brad is Investment Operations Manager at NCM Investments. Based in Toronto, he has been with the firm since 2015.
His responsibilities include the management and oversight of NCM’s vendor relationships, as well as providing day-to-day operational support for all areas of the firm.
Brad also supports NCM’s Dealer and Client Services group.
Brad graduated from McGill University with a Bachelor of Commerce and has completed his Canadian Securities Course.
Notice to Reader:
Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management’s control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.