Olympia Financial Group Inc. Announces 29% Increase to Monthly Cash Dividend
CALGARY, Alberta, November 10, 2022–(BUSINESS WIRE)–Olympia Monetary Group Inc. (“Olympia”) (TSX: OLY) is happy to announce that its board of administrators has authorized a 29.63% improve to its month-to-month money dividend from $0.27 to $0.35 per frequent share commencing with its December 2022 month-to-month dividend. On an annualized foundation, dividends on Olympia’s frequent shares will improve by $0.96 from $3.24 to $4.20.
Olympia’s dividend funds to holders of Olympia frequent shares are designated as “eligible dividends” for Canadian tax functions.
About Olympia Monetary Group Inc.
Olympia conducts most of its operations by way of 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 accounts, supplies international foreign money trade providers and Company and Shareholder Companies. Olympia additionally presents personal well being providers plans by way of its subsidiary Olympia Advantages Inc. and supplies info know-how providers to exempt market sellers, registrants, and issuers by way of its Exempt Edge division.
Olympia’s frequent shares are listed on the Toronto Inventory Alternate beneath the image “OLY”.
Statements Concerning Ahead Wanting Data
Sure parts of this press launch in addition to different public statements by Olympia include “forward-looking info” inside the which means of relevant Canadian securities laws, which can be known as “ahead–trying statements”, which will not be primarily based on historic reality. Wherever attainable, phrases resembling “will”, “plans,” “expects,” “targets,” “proceed”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “could,” and comparable expressions or statements that sure actions, occasions or outcomes “could,” “may,” “would,” “would possibly” or “will” be taken, happen or be achieved, have been used to determine forward-looking info. Ahead-looking statements contained in Olympia’s public disclosure embrace, with out limitation, Olympia’s earnings expectations, payment earnings, expense ranges, common financial, political and market components in North America and internationally, curiosity and international trade charges, world fairness and capital markets, enterprise competitors, technological change, adjustments in authorities rules, sudden judicial or regulatory proceedings, catastrophic occasions, and Olympia’s skill to finish strategic transactions and different components. As well as, this information launch comprises forward-looking statements regarding the month-to-month dividend funds to holders of Olympia frequent shares.
All materials assumptions utilized in making forward-looking statements are primarily based on administration’s data of present enterprise situations and expectations of future enterprise situations and traits, together with their data of the present rate of interest and liquidity situations affecting Olympia and the Canadian economic 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 value construction, the present tax regime and the flexibility of Olympia to acquire needed third-party and governmental approvals, as relevant.
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Contacts
Olympia Monetary Group Inc.
Rick Skauge, President and Chief Government Officer
Jennifer Urscheler, Chief Monetary Officer
Telephone: (403) 261-0900
Fax: (403) 265-1455
