Participating and voting shares Preferred Shares


Participating and voting shares

All holders of Class A Subordinate Voting Shares and Class B Shares are entitled to receive dividends. While allocated at the discretion of the Board of Directors, the Corporation typically declares cash dividends to be paid out on a quarterly basis.

For the purpose of the Income Tax Act (Canada) and any similar provincial and territorial legislation, Transcontinental Inc. designates all dividends (including deemed dividends) paid on the participating and voting shares in the 2007 calendar year and thereafter as "eligible dividends" unless Transcontinental Inc. indicates otherwise.


 

2014
Declaration Date Record Date Payment Date Amount
March 10, 2014 April 04, 2014 April 24 2014 $0.16
 
2013
Declaration Date Record Date Payment Date Amount
December 5, 2013 January 3, 2014 January 20, 2014 $0.145
September 12, 2013 October 7, 2013 October 25, 2013 $0.145
June 6, 2013 June 28, 2013 July 19, 2013 $0.145
March 12, 2013 April 05, 2013 April 26 2013 $1.00 *
March 12, 2013 April 05, 2013 April 26 2013 $0.145
* Special dividend
 
2012
Declaration Date Record Date Payment Date Amount
December 6, 2012 December 31, 2012 January 18, 2013 $0.145
September 6, 2012 October 1, 2012 October 19, 2012 $0.145
June 7, 2012 July 3, 2012 July 20, 2012 $0.145
March 12, 2012 April 6, 2012 April 26, 2012 $0.145
 
2011
Declaration Date Record Date Payment Date Amount
December 8, 2011 January 6, 2011 January 20, 2012 $0.135
September 7, 2011 October 3, 2011 October 21, 2011 $0.135
June 8, 2011 July 4, 2011 July 22, 2011 $0.135
March 9, 2011 April 4, 2011 April 21, 2011 $0.11
 
2010
Declaration Date Record Date Payment Date Amount
December 8, 2010 January 7, 2011 January 21, 2011 $0.11
September 8, 2010 October 1, 2010 October 21, 2010 $0.09
June 8, 2010 July 2, 2010 July 22, 2010 $0.09
March 17, 2010 April 12, 2010 April 30, 2010 $0.09
 
2009
Declaration Date Record Date Payment Date Amount
December 15, 2009 January 8, 2010 January 28, 2010 $0.08
September 10, 2009 October 5, 2009 October 23, 2009 $0.08
June 11, 2009 July 6, 2009 July 24, 2009 $0.08
March 12, 2009 April 6, 2009 April 24, 2009 $0.08
 
2008
Declaration Date Record Date Payment Date Amount
December 11, 2008 January 5, 2009 January 23, 2009 $0.08
September 11, 2008 October 6, 2008 October 24, 2008 $0.08
June 12, 2008 July 7, 2008 July 25, 2008 $0.08
March 13, 2008 April 7, 2008 April 25, 2008 $0.08
 
2007
Declaration Date Record Date Payment Date Amount
December 13, 2007 January 7, 2008 January 25, 2008 $0.07
September 13, 2007 October 5, 2007 October 26, 2007 $0.07
June 14, 2007 July 9, 2007 July 27, 2007 $0.07
March 15, 2007 April 9, 2007 April 27, 2007 $0.07
 
2006
Declaration Date Record Date Payment Date Amount
December 14, 2006 January 8, 2007 January 26, 2007 $0.065
September 14, 2006 October 6, 2006 October 29, 2006 $0.065
June 14, 2006 July 7, 2006 July 28, 2006 $0.065
March 15, 2006 April 10, 2006 May 1, 2006 $0.065
 
2005
Declaration Date Record Date Payment Date Amount
December 15, 2005 January 9, 2006 January 30, 2006 $0.055
September 14, 2005 October 10, 2005 October 31, 2005 $0.055
June 14, 2005 July 8, 2005 July 28, 2005 $0.055
March 17, 2005 April 11, 2005 May 2, 2005 $0.055
 
2004
Declaration Date Record Date Payment Date Amount
December 15, 2004 January 7, 2005 January 28, 2005 $0.045
September 14, 2004 October 8, 2004 October 28, 2004 $0.045
June 10, 2004 July 5, 2004 July 23, 2004 $0.045
March 16, 2004 April 9, 2004 April 30, 2004 $0.045
 
2003
Declaration Date Record Date Payment Date Amount
December 10, 2003 January 5, 2004 January 23, 2004 $0.035
September 11, 2003 October 6, 2003 October 27, 2003 $0.035
June 11, 2003 July 7, 2003 July 25, 2003 $0.035
March 12, 2003 April 1, 2003 April 8, 2003 $0.035
 
2002
Declaration Date Record Date Payment Date Amount
December 12, 2002 January 15, 2003 January 22, 2003 $0.035 *
September 12, 2002 October 11, 2002 October 22, 2002 $0.035 *
May 30, 2002 July 3, 2002 July 10, 2002 $0.035 *
February 28, 2002 April 5, 2002 April 15, 2002 $0.035 *

* Adjusted for stock split

Preferred Shares

Cumulative 5-Year Rate Reset First Preferred Shares, Series D entitle holders to fixed cumulative preferential cash dividends, as and when declared by the board of directors of the Corporation, payable quarterly on the 15th day of each January, April, July and October at an annual rate of $1.6875 per Series D Preferred Share for the initial five-year period ending on and including October 15, 2014.

The dividend rate will be reset on October 15, 2014 and every five years thereafter at a rate equal to the 5-year Government of Canada bond yield plus 4.16%. These shares will be redeemable by Transcontinental on October 15, 2014 and every five years thereafter in accordance with their terms.

Holders of these shares will have the right, at their option, to convert their shares into cumulative floating rate preferred shares series E subject to certain conditions, on October 15, 2014 and on October 15 every five years thereafter. Holders of the Series E Preferred Shares will be entitled to receive cumulative quarterly floating dividends at a rate equal to the three-month Government of Canada Treasury Bill yield plus 4.16%.

For the purpose of the Income Tax Act (Canada) and any similar provincial and territorial legislation, Transcontinental Inc. designates all dividends (including deemed dividends) paid on the Series D Preferred Shares in the 2009 calendar year and thereafter as "eligible dividends" unless Transcontinental Inc. indicates otherwise.

2014
Declaration Date Record Date Payment Date Amount *
March 10, 2014 April 15, 2014 April 15, 2014 $0.4161
 
2013
Declaration Date Record Date Payment Date Amount *
December 5, 2013 January 15, 2014 January 15, 2014 $0.4253
September 12, 2013 October 15, 2013 October 15, 2013 $0.4253
June 6, 2013 July 15, 2013 July 15, 2013 $0.4207
March 12, 2013 April 15, 2013 April 15, 2013 $0.4161
December 6, 2012 January 15, 2013 January 15, 2013 $0.4253
 
2012
Declaration Date Record Date Payment Date Amount *
September 6, 2012 October 15, 2012 October 15, 2012 $0.4242
June 7, 2012 July 15, 2012 July 16, 2012 $0.4196
March 12, 2012 April 16, 2012 April 16, 2012 $0.4196
December 8, 2011 January 16, 2012 January 16, 2012 $0.4242
 
2011
Declaration Date Record Date Payment Date Amount *
September 7, 2011 October 15, 2011 October 15, 2011 $0.4253
June 8, 2011 July 15, 2011 July 15, 2011 $0.4207
March 9, 2011 April 15, 2011 April 15, 2011 $0.4161
December 8, 2010 January 15, 2011 January 15, 2011 $0.4253
 
2010
Declaration Date Record Date Payment Date Amount *
September 8, 2010 October 15, 2010 October 15, 2010 $0.4253
June 8, 2010 July 15, 2010 July 15, 2010 $0.4207
March 17, 2010 April 15, 2010 April 15, 2010 $0.4161
December 15, 2009 January 15, 2010 January 15, 2010 $0.4854


*Note that the preferred dividend amounts in this table are calculated based on the number of days in the period in respect of which the dividends are paid. While TC Transcontinental pays CDS on the payment date highlighted in the above table, it may take up to three days for the transaction to settle in investors' accounts.


 

Cautionary Notice

The information posted was accurate at the time of posting but may be superseded by subsequent disclosure.

The information on this website may contain certain forward-looking statements concerning the future performance of the Corporation. Such statements, based on the current expectations of management, inherently involve numerous risks and uncertainties, known and unknown. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, many of which are beyond the Corporation's control. The risks, uncertainties and other factors that could influence actual results are described in the Management's Discussion and Analysis (MD&A) for the fiscal year ended on October 31st, 2013 and in the latest Annual Information Form and have been updated in the MD&A for the first quarter ended January 31st, 2014.