IBI Group Inc. declares its monthly dividend to shareholders
TORONTO, Nov. 19, 2012 /CNW/ - IBI Group Inc. (the "Company") (TSX: IBG) today declared a cash dividend of $0.092 per Share for the month of November 2012, payable December 24, 2012 to shareholders of record on November 30, 2012.
The Company has moved forward the payment date of its monthly dividend to be 3 business days before the end of each month, to accommodate shareholders wishing to elect to participate in the Company's Dividend Reinvestment Plan, by providing additional time between dividend payment dates and the dividend record date and deadline for election to participate at the end of each month.
The details of the Company's Dividend Reinvestment Plan are available on the Company's website (www.ibigroup.com).
About IBI GROUP INC. AND IBI GROUP
IBI Group Inc. is a TSX listed company, which pays monthly dividends and trades under the symbol "IBG". IBI Group Inc. holds an indirect 77% interest in IBI Group, a partnership (of a subsidiary of IBI Group Inc. and IBI Group Management Partnership) which, directly and through its subsidiary entities, provides professional services, including planning, design, implementation, analysis of operations and other consulting services in relation to four main areas of development, being urban land, building facilities, transportation networks and systems technology. The remaining 23% of IBI Group is owned by IBI Group Management Partnership. On a partially diluted basis, assuming the exchange of its partnership units of IBI Group for common shares of IBI Group Inc., IBI Group Management Partnership together with affiliated entities holds a combined 42% interest in IBI Group Inc.
SOURCE IBI Group Inc.