Badger Daylighting Ltd. April 2020 Cash Dividend and Upcoming Events
April 13, 2020, 11:02 am
Badger today announced that the directors of Badger declared a cash dividend for the month of
Badger expects that the dividend will be an “eligible dividend” for Canadian income tax purposes and thus qualify for the enhanced gross-up and tax credit regime for certain shareholders.
2020 First Quarter Results and Conference Call and Annual General Meeting
Badger expects to release its 2020 first quarter results on
As of the date of this press release, the Company intends to hold its annual general meeting of shareholders in person on
Shareholders will be able to listen to the meeting online by way of a conference call and webcast scheduled for
We reserve the right to take any additional precautionary measures we deem necessary or advisable in relation to the meeting in response to further developments in respect of the COVID-19 outbreak, including changing the location of the meeting, hosting the meeting solely by means of remote communication, placing restrictions on in-person attendance, or postponing or adjourning the meeting. Changes to the meeting location, meeting date or means of holding the meeting will be announced by way of press release, which will be filed under Badger’s profile on SEDAR as well as on Badger’s website at www.badgerinc.com. Please monitor our press releases for updated information. We advise you to check Badger’s website one week prior to the meeting date for the most current information. We do not intend to prepare or mail amended meeting materials in the event of changes to the meeting format.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS.
Certain statements and information contained in this press release, including statements that contain words such as “could”, “should”, “can”, “anticipate”, “expect”, “believe”, “will”, “may” and similar expressions relating to matters that are not historical facts, constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. These statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements and information. The Company believes the expectations reflected in such forward-looking statements and information are reasonable, but no assurance can be given that these expectations will prove to be correct. Such forward-looking statements and information speak only as of the date of this press release and should not be unduly relied upon. In particular, forward-looking information and statements in this press release include, but are not limited to, the following:
- The timing, amount and tax treatment of dividends;
- Anticipated timing for release of 2020 first quarter results; and
- The date and format of our annual general meeting of shareholders.
The forward-looking information and statements made in this press release are based on certain assumptions including:
- The Company will be able to hold its annual general meeting of shareholders in accordance with applicable health and safety requirements;
- The Company’s financial performance, debt covenants and obligations, working capital requirements and future capital requirements will enable it to pay dividends and the Company will satisfy the solvency requirements of applicable corporate legislation;
- The overall market for Badger’s services will not be adversely affected in the long term by pandemics such as COVID19, economic disruption, or other factors beyond Badger’s control; and
- Badger will maintain its financial position and financial resources will continue to be available to Badger.
Risk factors and other uncertainties that could cause actual results to differ materially from those anticipated in such forward looking statements include, but are not limited to: the duration and effects of the global, national and regional economic and social disruption caused as a result of the COVID-19 pandemic; national, regional and local governmental laws, regulations and orders relating to the COVID-19 pandemic that may materially adversely impact the Company, including its ability to continue operations; price fluctuations in commodity markets and related products and services; fluctuations in foreign exchange or interest rates; industry competition; and the availability of future debt and equity financing. Further information about these and other risks and uncertainties can be found in the disclosure documents filed with the securities regulatory authorities, available at www.sedar.com.
For further information:
ATCO Centre Ⅱ
Suite 400, 919 – 11th Avenue SW
Telephone (403) 264-8500
Fax (403) 228-9773
Source: Badger Daylighting Ltd