|By Marketwired .||
|May 15, 2014 12:12 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 05/15/14 -- Onex Corporation (TSX: OCX) announced today that its Board of Directors has approved a 33 percent increase in the quarterly dividend to C$0.05 per Subordinate Voting Share. This increase follows a 36 percent increase in the dividend rate in May 2013 and reflects Onex' success and ongoing commitment to its shareholders. The increased dividend is payable on July 31, 2014 to shareholders of record on July 10, 2014.
Onex' Board of Directors has also approved the option for shareholders to elect to receive their dividend payment in U.S. dollars. To receive the dividend payment in U.S. dollars, a registered shareholder must submit a completed currency election form to CST Trust Company five business days before the record date of the dividend. The election form can be obtained from CST Trust Company or under the Investor Information section of Onex' website: www.onex.com. Non-registered shareholders who wish to receive dividend payments in U.S. dollars should contact their broker to submit their currency election.