|By Marketwired .||
|October 19, 2016 08:49 AM EDT|
FREDERICTON, NEW BRUNSWICK -- (Marketwired) -- 10/19/16 -- Trius Investments Inc. ("Trius" or the "Company") (TSX VENTURE: TRU) announces an update to the special cash dividend announced on October 17, 2016 (the "Dividend").
The board of directors declared the payment of the Dividend of $0.58 per common share payable on November 15, 2016 to the shareholders of record on November 1, 2016. This Dividend will be distributed to Trius shareholders pursuant to the TSX Venture Exchange's due bill trading policy. Pursuant to that policy:
-- the record date (the "Record Date") to determine shareholders of Trius entitled to receive the Dividend is November 1, 2016; -- due bill trading commences on October 28, 2016 to November 15, 2016, inclusively ("Due Bill Period"); -- the Dividend payment date (the "Dividend Payment Date") will be November 15, 2016; -- the ex-dividend date will be November 16, 2016 (the next trading day following the Dividend Payment Date); and -- the due bill redemption date will be November 18, 2016 (the second trading day following the ex-dividend date).
For clarification, "due bills" represent the dividend that Trius shareholders will be entitled to receive. The due bills will be deemed to be attached to Trius' common shares two trading days prior to the Record Date, and will continue to be attached to Trius' shares until the end of the Dividend Payment Date. Accordingly, Trius' shares will trade on a "due bill" basis from October 28, 2016 until close of trading on November 15, 2016. This means that persons who sell their Trius shares during the Due Bill Period shall also sell their entitlement of the dividend to the purchasers of shares. Trius' shares will commence trading on an ex-dividend basis (i.e. without an attached "due bill" entitlement to the dividend) from the opening of trading on November 16, 2016 (i.e. the next trading day after the Dividend Payment Date). The due bills will be redeemed on November 18, 2016 once all trades with attached due bills entered during the Due Bill Period have settled. Any trades that are executed on the TSX Venture Exchange during the Due Bill Period will be identified to ensure purchasers of the shares receive the entitlement of the respective dividend.
Neither the TSX Venture Exchange not its Regulation Services Provider(as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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