VEGREVILLE, AB, April 16, 2014 /CNW/ - TerraVest Capital Inc. (TSX: TVK) is pleased to announce that the Board of Directors of TerraVest
Capital Inc. (TSX: TVK) has today declared that a regular quarterly
dividend of 10 cents per share upon the outstanding common shares will
be payable on April 30, 2014 to shareholders of record as at the close
of business on April 22, 2014. The ex-dividend date is April 17, 2014.
The dividend is designated an "eligible dividend" for Canadian income
tax purposes.
It is the intention of the Board of TerraVest Capital Inc. that
quarterly dividends will be paid within 30 days of the end of each
quarter.
Additional information can be found in TerraVest's unaudited interim
condensed consolidated financial statements and MD&A which are
available on SEDAR at www.sedar.com.
Caution Regarding Forward-Looking Statements
This news release contains forward-looking statements. All statements
other than statements of historical fact contained in this news release
are forward-looking statements, including, without limitation,
statements regarding our expectations for the closing date and the
financial contributions of Gestion. Readers can identify many of these
statements by looking for words such as "expects" and "will" and
similar words or the negative thereof. Although management believes
that the expectations represented in such forward-looking statements
are reasonable, there can be no assurance that such expectations will
prove to be correct.
By their nature, forward-looking statements require us to make
assumptions and, accordingly, forward looking statements are subject to
inherent risks and uncertainties. There is significant risk that the
forward-looking statements will not prove to be accurate. We caution
readers of this news release not to place undue reliance on our
forward-looking statements because a number of factors may cause actual
future circumstances, results, conditions, actions or events to differ
materially from the plans, expectations, estimates or intentions
expressed in the forward-looking statements and the assumptions
underlying the forward-looking statements.
Assumptions and analysis about the performance of TerraVest as a whole
and its business segments, the markets in which the business segments
compete and the prospects and values of the business segments are
considered in setting the business plan for TerraVest, plans and/or
ability to pay dividends, outlook for operations, financial position,
results and cash flow, other plans and objectives and in making related
forward-looking statements. Such assumptions include, without
limitation, demand for products and services of the business segments
in respect of the Canadian and other markets in which the businesses
are active will be stable, and that input costs to business segments do
not vary significantly from levels experienced historically Gestion's
business will continue substantially in its current state and that
TerraVest will be successful both in closing the acquisition and in
integrating Gestion's business. Should any of these factors or
assumptions vary, actual results may differ materially from the
forward-looking statements.
The information set forth under "Risk Factors" in the annual information
form of TerraVest dated December 11, 2013 and under "Risk Factors" in
the MD&A of TerraVest for the three months ended December 31, 2013,
identifies risk factors that could affect the operating results and
performance of TerraVest and its business segments and the values of
the business segments and TerraVest as a whole. We caution that the
lists of factors discussed in such information is not exhaustive and
that, when relying on forward-looking statements to make decisions with
respect to TerraVest, investors and others should carefully consider
the factors discussed, as well as other uncertainties and potential
events, and the inherent risks and uncertainties of forward-looking
statements. The forward-looking statements herein are made based on
the assumption that TerraVest will not be affected by such risks, but
that, if TerraVest is affected by such risks, the forward-looking
statements may become inaccurate.
The forward-looking statements contained herein are expressly qualified
in their entirety by this cautionary statement. The forward-looking
statements included in this news release are made as of the date of
this news release. Except as required by applicable securities laws,
TerraVest does not undertake to update such forward-looking statements.
SOURCE TerraVest Capital Inc.
<p> Dale Laniuk<br/> TerraVest Capital Inc.<br/> Chief Executive Officer<br/> (780) 632 -7774<br/> <a href="mailto:laniuk@rjvgas.com" font-style="italic">laniuk@rjvgas.com</a> </p> <p> OR </p> <p> Paul A. Casey, CA<br/> TerraVest Capital Inc.<br/> Chief Financial Officer<br/> (780) 632-2040<br/> <a href="mailto:pcasey@terravestcapital.com">pcasey@terravestcapital.com</a> </p>