Mr. Iain Stewart reports
GENESIS LAND DEVELOPMENT CORP. ANNOUNCES DECLARATION OF $0.15 PER SHARE SPECIAL DIVIDEND
Genesis Land Development Corp.'s board of directors has declared an unconditional special cash dividend of 15 cents per common share, or $6.28-million in aggregate, payable on Jan. 11, 2021, to shareholders of record on Dec. 23, 2020.
Eligible dividend designation
Pursuant to Subsection 89(14) of the Income Tax Act (Canada) the dividend qualifies as an eligible dividend for Canadian federal income tax purposes.
About Genesis Land Development Corp.
Genesis Land Development is a land developer and residential home builder in the Calgary metropolitan area. The corporation's common shares are listed on the Toronto Stock Exchange.
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