Mr. Mark Learmonth reports
CALEDONIA DECLARES SECOND QUARTERLY DIVIDEND
Further to the Nov. 25, 2013, news release in respect of Caledonia Mining Corp.'s quarterly dividend policy, Caledonia has declared a dividend of 1.5 cents on each of the corporation's common shares issued and outstanding as of 5 p.m. Toronto local time on the record date, being April 22, 2014. Dividend cheques will be mailed on April 30, 2014.
Shareholders who are registered in the United States and the United Kingdom will be paid in U.S. dollar and British pounds, respectively. The U.S.-dollar and British-pound dividend payments will be calculated using the relevant Bank of Canada exchange rates at noon on the record date and will be after deduction of Canadian withholding tax and any other taxes that may apply.
This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Caledonia's dividend policy
Caledonia's long-term strategy to maximize shareholder value includes a quarterly dividend policy. In 2014, the company intends to pay an annual total dividend of six cents per common share, payable on a quarterly basis.
We seek Safe Harbor.
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