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CALGARY, Alberta — Olympia Monetary Group Inc. (“Olympia”) (TSX: OLY) is happy to announce that its Board of Administrators has accredited a $0.04 enhance to the month-to-month money dividend paid on the Frequent shares of Olympia from $0.23 to $0.27 per Frequent share. Olympia’s new month-to-month money dividend of $0.27 per Frequent share will start with the Could 2022 month-to-month money dividend. Olympia’s money dividend funds to holders of Olympia Frequent shares are designated as “eligible dividends” for Canadian tax functions.
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In accordance with the above, the Board of Administrators of Olympia additionally declared a month-to-month money dividend on the Frequent shares of Olympia of $0.27 per frequent share. This dividend shall be payable on Could 31, 2022, to shareholders on report as at Could 19, 2022. The ex-dividend date is Could 18, 2022.
Olympia designates the complete quantity of this taxable money dividend to be an “eligible dividend” for functions of the Revenue Tax Act (Canada), as amended every so often. Please contact your tax advisor when you have any questions with reference to the designation of the eligible dividend.
About Olympia Monetary Group Inc.
Olympia Monetary Group Inc. conducts most of its operations via its subsidiary Olympia Belief Firm, a non-deposit taking belief firm. Olympia Belief Firm is licensed to conduct belief actions in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Belief Firm administers self-directed registered plan accounts, offers forex trade and fee providers, company belief, and switch company providers. Olympia additionally affords non-public well being providers plans and data expertise providers to exempt market sellers, registrants and issuers via its subsidiary Olympia Advantages Inc.
Olympia’s frequent shares are listed on the Toronto Inventory Alternate beneath the image “OLY”.
Statements Relating to Ahead Trying Data
Sure parts of this press launch in addition to different public statements by Olympia comprise “forward-looking data” throughout the which means of relevant Canadian securities laws, which can also be known as “ahead–wanting statements”, which might not be primarily based on historic reality. Wherever potential, phrases akin to “will”, “plans,” “expects,” “targets,” “proceed”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “could,” and related expressions or statements that sure actions, occasions or outcomes “could,” “may,” “would,” “may” or “will” be taken, happen or be achieved, have been used to determine forward-looking data. Ahead-looking statements contained in Olympia’s public disclosure embody, with out limitation, Olympia’s earnings expectations, price earnings, expense ranges, common financial, political and market components in North America and internationally, curiosity and international trade charges, international fairness and capital markets, enterprise competitors, technological change, modifications in authorities rules, surprising judicial or regulatory proceedings, catastrophic occasions, and Olympia’s means to finish strategic transactions and different components. As well as, this information launch incorporates forward-looking statements referring to the month-to-month dividend funds to holders of Olympia’s frequent shares.
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All materials assumptions utilized in making forward-looking statements are primarily based on administration’s information of present enterprise situations and expectations of future enterprise situations and developments, together with their information of the present rate of interest and liquidity situations affecting Olympia and the Canadian financial system. Sure materials components or assumptions are utilized by Olympia in making forward-looking statements, together with with out limitation, components and assumptions concerning curiosity and international trade charges, availability of key personnel, the impact of competitors, authorities regulation of its enterprise, laptop failure or safety breaches, future capital necessities, acceptance of its merchandise within the market, its working price construction, the present tax regime and the power of Olympia to acquire mandatory third-party and governmental approvals, as relevant.
Olympia Monetary Group Inc.
Rick Skauge, President and Chief Govt Officer
Gerhard Barnard, Senior Vice President and Chief Monetary Officer
Cellphone: (403) 261-0900
Fax: (403) 265-1455
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