D+H Announces Change to Dividend Reinvestment Plan: Discount Rate Effective for Dividend Payable on December 31, 2015 with December 17, 2015 Record Date
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TORONTO, Dec. 1, 2015 /CNW/ - DH Corporation (TSX: DH) ("D+H" or the "Company") today announced that it intends to reduce the discount offered on shares purchased under its Dividend Reinvestment Plan (the "Plan") to 1% from the current 4% discount. The first dividends for which this change will be effective are the dividends for the Company's common shares ("Common Shares") declared on October 27, 2015. These dividends will be paid on December 31, 2015, to shareholders of record as of the close of business on December 17, 2015.
The Plan allows Canadian residents a convenient means to acquire additional Common Shares through the reinvestment of cash dividends paid on D+H shareholdings. The Company intends to have the Common Shares issued from treasury at a 1% discount to the weighted average trading price of the Common Shares on the TSX during the five trading days immediately preceding the dividend payment date of December 31, 2015. This discount will remain in effect for all cash dividends that may be declared, if any, by DH Corporation's board of directors until otherwise announced.
The primary advantages of being enrolled in the Plan are:
- the convenience of automatic reinvestment of cash dividends in Common Shares
- the ability to purchase Common Shares without having to pay commissions, service charges or brokerage fees
Shareholders who wish to continue their participation in the Plan do not need to take any action.
Participants in the Plan who would prefer to receive a cash dividend rather than reinvest their dividends may terminate their participation in the Plan and should contact the financial institution, broker or other intermediary through which their Common Shares are held sufficiently in advance of December 17, 2015 for instructions on how to terminate participation so that the December 31, 2015 dividend payment is not reinvested on or after December 31, 2015.
Eligible holders of Common Shares who wish to participate in the Plan should contact the financial institution, broker or other intermediary through which their Common Shares are held to provide appropriate enrolment instructions and to ensure that any deadlines or other requirements that such financial institution, broker or intermediary may impose or is subject to are met.
A copy of the Plan and an accompanying series of Questions and Answers is available on the Company's website at www.dh.com in the "Investors" section under "Dividend Reinvestment Plan", and is also available from CST Trust Company, the Plan agent, at www.canstockta.com in the "Investor Services" section under "Dividend Reinvestment Plans" or by calling 1-800-387-0825. Shareholders should carefully read the complete text of the Plan before making any decisions regarding their participation in the Plan.
D+H (TSX: DH) is a leading financial technology provider the world's financial institutions rely on every day to help them grow and succeed. Our lending, payments, integrated core and global transaction banking solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues well in excess of $1 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward rankings. For more information, visit dh.com .
DH Corporation is listed on the Toronto Stock Exchange under the symbol DH. Further information can be found at www.dh.com and in the disclosure documents filed by DH Corporation with the securities regulatory authorities at www.sedar.com.
SOURCE DH Corporation