CALGARY, ALBERTA - March 18, 2014 /CNW/
This document corrects and replaces the press release that was sent March 17, 2014 at 3:30 PM MST. The correction is in the first paragraph where "ex-dividend date" was amended from "March 28, 2014," to "March 27, 2014". The complete and corrected version follows.
Newalta Corporation (TSX:NAL) announced that it has declared a quarterly cash dividend of $0.11 per common share for the first quarter of 2014, payable on April 15, 2014 to all shareholders of record on March 31, 2014. The ex-dividend date is March 27, 2014.
Newalta's dividend reinvestment plan (the "DRIP") provides eligible shareholders with the opportunity to reinvest their quarterly dividends to acquire additional Newalta shares at a purchase price equal to 95% of the Average Market Price (as defined in the DRIP). The deadline for registered shareholders to complete and deliver enrollment forms to Valiant Trust Company is 3:00 pm (MST) on the business day immediately preceding the record date. Beneficial shareholders should contact their broker, investment dealer, financial institution or other nominee through which their Newalta shares are held for enrolment instructions and deadlines.
Newalta expects that the dividends will be "eligible dividends" for income tax purposes and thus qualify for the enhanced gross-up and tax credit regime for certain shareholders.
Newalta is North America's leading provider of innovative, engineered environmental solutions that enable customers to reduce disposal, enhance recycling and recover valuable resources from industrial residues. We serve customers onsite directly at their operations and through a network of 85 locations in Canada and the U.S. Our proven processes, portfolio of more than 250 operating permits and excellent record of safety make us the first choice provider of sustainability enhancing services to oil, natural gas, petrochemical, refining, lead, manufacturing and mining markets. With a skilled team of more than 2,200 people, two decade track record of profitable expansion and commitment to commercializing new solutions, Newalta is positioned for sustained future growth and improvement. Newalta trades on the TSX as NAL. For more information, visit www.newalta.com.