Mr. Stephane LeBlanc reports
IMVESCOR RESTAURANT GROUP DECLARES $0.02 PER COMMON SHARE DIVIDEND
Pursuant to its previously announced dividend policy, Imvescor Restaurant Group Inc.'s board of directors has declared an initial dividend of two cents per common share. The dividend will be paid on Dec. 18, 2014, to shareholders of record as at the close of business on Dec. 11, 2014, and is designated as an eligible dividend for Canadian tax purposes.
As previously announced, the first regular quarterly dividend following the dividend announced in this press release is expected to be declared concurrently with the release of the company's results for the fourth quarter of its 2014 financial year, with following dividends to be declared quarterly concurrently with the release of the company's results.
The declaration and payment of any dividend remain at the discretion of the board of directors, and will depend on the company's cash requirements, financial results, future prospects and other factors deemed relevant by the board of directors. Any dividend policy established by the board of directors can be changed at any time, and such policy is not binding on the company. There can be no guarantee that the company will maintain its current dividend policy or that any further dividend will be declared or paid.
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