|By Marketwired .||
|June 23, 2014 05:24 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 06/23/14 -- The Board of Directors (the "Board") of CERF Incorporated ("CERF") (TSX VENTURE:CFL) are pleased to announce that they have declared a cash dividend to the shareholders of $0.06 per share for the second quarter of 2014. This quarterly dividend if continued, in future quarters for the remainder of the year, will amount to $0.24 per share on an annualized basis. Payment will be made on or about July 15, 2014, to shareholders of record as of the close of business on June 30, 2014. The ex-dividend date will be June 26, 2014.
Dividend Reinvestment Plan:
Effective March 6, 2014, CERF is providing eligible holders ("Shareholders") of common shares ("Common Shares") with the advantage of accumulating additional Common Shares by reinvesting their cash dividends through enrollment in the Dividend Reinvestment Plan (the "Plan"). Shareholders who wish to enroll in the Plan for the first time must do so prior to the June 26, 2014 ex-dividend date if they wish to participate in the Plan for this quarter's dividend.
Brokerage entitlement and corporate actions departments are encouraged to ensure that they have properly elected with Clearing and Depository Services Inc. ("CDS") those shares that should participate in the Plan no later than June 27, 2014, the business day prior to the record date.
Shareholders who own their shares through a brokerage firm and who wish to participate in the Plan should call their broker and instruct them to enroll their shares.
Shareholders who hold certificates in their own name (registered shareholders) who wish to enroll can find out more from Valiant Trust Company by calling 1-866-313-1872.
Investors are cautioned that future dividends are always subject to approval of the Board and may be increased, decreased or suspended by the Board at any time.
All Dividends paid by CERF to common shareholders will be designated as eligible dividends as defined in section 89(1) of the Income Tax Act of Canada unless otherwise indicated.
CERF is a Canadian public corporation engaged in the rental, sale and service of industrial, construction and oilfield equipment and waste management and environmental services. CERF trades on the TSX Venture Exchange under the symbol "CFL" and currently has 17,383,342 common shares issued and outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.