The Corporation’s current dividend policy is to pay dividends quarterly. The declaration and payment of dividends remains at the discretion of the Board and will depend on the corporation’s cash requirements, future prospects and other factors deemed relevant by the Board of Directors.
The payments and schedule for dividends on StorageVault's common shares as listed in the Dividend History below. Dividends are paid in Canadian dollars, and are payable as and when declared by the Board of Directors.
| Ex-Dividend Date | Dividend | Payment Date |
|---|---|---|
| March 27, 2024 | $0.002888 | April 15, 2024 |
| Dec. 28, 2023 | $0.002874 | Jan. 15, 2024 |
| Sept. 28, 2023 | $0.002859 | Oct. 16, 2023 |
| Jun. 30, 2023 | $0.002845 | Jul. 17, 2023 |
| Mar. 30, 2023 | $0.002831 | Apr. 17, 2023 |
| Dec. 30, 2022 | $0.002817 | Jan. 16, 2023 |
| Sep. 28, 2022 | $0.002803 | Oct. 17, 2022 |
| Jun. 29, 2022 | $0.002789 | Jul. 15, 2022 |
| Mar. 30, 2022 | $0.002775 | Apr. 15, 2022 |
| Dec. 30, 2021 | $0.002761 | Jan. 17, 2022 |
| Sep. 29, 2021 | $0.002224 | Oct. 15, 2021 |
| Jun. 29, 2021 | $0.002179 | Jul. 15, 2021 |
Participants should consult their own tax advisors concerning the tax implications of their participation in the Reinvestment Plan. The reinvestment of dividends on Common Shares does not relieve the Participant of any liability for income tax which may have been otherwise payable on such dividends.
Shareholders are responsible for calculating and monitoring their own adjusted cost base in Common Shares for income tax purposes, as certain averaging rules may apply and such calculations may depend on the cost of Common Shares held by a Shareholder.
Participation in the DRIP is optional. An election to participate in the Reinvestment Plan by a Shareholder must be made in respect of all of the Common Shares held by such Shareholder. In respect of Treasury Acquisitions under the Plan, the Company can issue the common shares at a discount of up to 5% of the Average Market Price, as defined in the DRIP. The Company may, from time to time, in its discretion, change or eliminate the discount applicable to Treasury Acquisitions or direct that such common shares be purchased in Market Acquisitions at the prevailing market price, any of which would be publicly announced. For more information, shareholders interested in enrolling in the DRIP should refer to the materials noted below, or contact the Plan Agent, TSX Trust Company, at the link noted below.
Registered eligible shareholders hold StorageVault Canada Inc. Shares in their own name. Registered shareholders can enroll in the DRIP by completing the enrollment form (see link below). Commencing April 18, 2016, registered shareholders may also enroll in the DRIP online through the Plan Agent's self-service web portal (see link below).
Beneficial shareholders do not hold StorageVault Canada Inc. Common Shares in their own name but instead hold their Common Shares through a nominee such as a financial institution, broker or other nominee who holds the Common Shares for the beneficial shareholder. Beneficial shareholders should contact their nominee to enroll in the DRIP.
Shareholders resident outside of Canada will not be entitled to participate in the Reinvestment Plan.
TSX Trust Company will administer the DRIP on behalf of the corporation.
TSX Trust DRIP web portal: https://www.tsxtrust.com/t/investor-hub/drips