Canadian Helicopters declares monthly dividends
Aug. 12, 2011, Montreal - Canadian Helicopters Group Inc. announced THursday that its Board of Directors has declared monthly dividends of $0.091875 per Common Share and Variable Voting Shares, payable on each of November 15, 2011, December 15, 2011 and January 13, 2012 to holders of record at the close of business October 31, 2011,November 30, 2011 and December 30, 2011, respectively.
By Carey Fredericks
The foregoing dividends are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.
Canadian Helicopters' Board of Directors reviews the applicable dividend rates on a quarterly basis. Shareholders are entitled to receive dividends only when any such dividends are declared by Canadian Helicopters' Board of Directors, and there is no entitlement to any dividend prior thereto.