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Dividend Information
Dividends paid by Hardwoods Distribution Inc. are designated to be eligible dividends pursuant to subsection 89(14) of the Income Tax Act (Canada). This dividend policy is subject to the discretion of our Board of Directors, who will periodically review the dividend level based on a number of factors, including HDI’s financial performance, future prospects and capital requirements.
Please note that the data prior to July 1, 2011 refers to distributions made by Hardwoods Distribution Income Fund to its Unitholders.
2011 Dividend Payments
|
Declaration Date |
Record Date |
Payment Date |
Amount ($ per share) |
|
August 8, 2011
|
October 20, 2011
|
October 31, 2011
|
0.02
|
|
November 7, 2011
|
January 20, 2011
|
January 31, 2011
|
0.02
|
Historical Distributions per Unit
| |
Fully Taxable Distributions
|
Dividends
|
Return of
Capital
|
Total
|
|
2004
|
$0.409
|
56.12%
|
$0.159
|
21.80%
|
$0.161
|
22.08%
|
$0.73
|
100%
|
|
2005
|
$0.464
|
43.00%
|
$0.282
|
26.16%
|
$0.333
|
30.84%
|
$1.08
|
100%
|
|
2006
|
$0.422
|
45.03%
|
$0.247
|
26.33%
|
$0.269
|
28.64%
|
$0.94
|
100%
|
|
2007
|
$0.601
|
70.62%
|
$0.211
|
24.83%
|
$0.039
|
4.55%
|
$0.85
|
100%
|
| 2008 |
$0.302 |
50.28% |
$0.242 |
40.36% |
$0.056 |
9.36% |
$0.60 |
100% |
| 2009 |
$0.000 |
00.00% |
$0.000 |
00.00% |
$0.000 |
0.00% |
$0.00 |
100% |
Tax Treatment
The Canadian tax implications of the conversion from an income trust to a corporation are discussed in the Information Circular for the special meeting of Fund unitholders dated April 15, 2011, which can be found at www.sedar.com. Shareholders who have specific questions regarding the taxation of the exchange of the units for units of share, payments of distributions by the Fund or dividend payments by Hardwoods Distribution Inc. should consult their tax advisors.
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