NEW YORK, Dec. 17, 2014
/PRNewswire/ -- MFC Industrial Ltd. ("MFC" or the "Company") (NYSE:
MIL) is pleased to announce the following details with respect to the
fourth installment of its 2014 annual cash dividend:
- The dividend of $0.06 per common share will be paid on January 5, 2015 to shareholders of record on December 29, 2014.
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- For the above payment, the Company's common shares will trade ex-dividend on December 24, 2014.
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- The
dividend is subject to customary Canadian withholding tax for
non-resident shareholders. Pursuant to applicable tax treaties the
withholding rate for eligible U.S. resident shareholders is 15%. The
dividend is an eligible dividend under the Income Tax Act (Canada).
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This
payment constitutes the fourth and final installment of the 2014 cash
dividend. The declaration, timing and payment of future dividends will
depend on, among other things, the Company's financial and operating
results.
About MFC Industrial Ltd.
MFC is a
global commodity supply chain company and is active in a broad spectrum
of activities, including its integrated commodities operations, mineral
and hydrocarbon interests, which focus on metals, energy, chemicals,
plastics and wood products. MFC also provides logistics, financial and
risk management services to producers and consumers of commodities. Our
global business activities are supported by our captive commodities
sources through strategic direct or indirect investments and other
commodities sources secured by us from third parties.
To obtain further information on the company, please visit our website at www.mfcindustrial.com.
Disclaimer for Forward-Looking Information
This document
contains statements which are, or may be deemed to be, "forward-looking
statements" which are prospective in nature. Forward-looking statements
are not based on historical facts, but rather on current expectations
and projections about future events, and are therefore subject to risks
and uncertainties which could cause actual results to differ materially
from the future results expressed or implied by the forward-looking
statements. Often, but not always, forward-looking statements can be
identified by the use of forward-looking words such as "plans",
"expects", "estimates", "intends", "anticipates" "believes", or
variations of such words and phrases or statements that certain actions,
events or results "may", "could", "should", "would", "might" or "will"
be taken, occur or be achieved. Such statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future
expectations. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the Company's
actual results, revenues, performance or achievements to be materially
different from any future results, performance or achievements expressed
or implied by the forward-looking statements. Important factors that
could cause the Company's actual results, revenues, performance or
achievements to differ materially from expectations include, among other
things: general business and economic conditions globally, commodities
price volatility, industry trends, competition, inability to
successfully integrate acquired business and/or companies, incurring
and/or experiencing unanticipated costs and/or delays or difficulties
relating to the integration of acquired businesses and other factors
beyond the Company's control. Such forward-looking statements should
therefore be construed in light of such factors. Other than in
accordance with its legal or regulatory obligations, the Company is not
under any obligation and the Company expressly disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. Additional
information about these and other assumptions, risks and uncertainties
are set out in the Company's MD&A for the nine months ended September 30,
2014 which has been filed with Canadian securities regulators and filed
on Form 6-K with the United States Securities and Exchange Commission.
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SOURCE MFC Industrial Ltd.