GUELPH, ON, Oct. 15 /CNW/ - The Board of Directors of Co-operators General Insurance Company ("Co-operators General") today announced a quarterly dividend of $0.3125 per Non-Cumulative Redeemable Class E Preference Share, Series C, payable December 31, 2009 to shareholders of record at the close of business on December 1, 2009.
In addition, the Board announced a quarterly dividend of $0.453125 per Non Cumulative Redeemable Class E Preference Share, Series D, payable December 31, 2009 to shareholders of record at the close of business on December 1, 2009.
Co-operators General has designated the dividends referred to above as eligible dividends for the purposes of the Income Tax Act (Canada).
With assets of more than $4.9 billion, Co-operators General is a leading Canadian-owned multi-product insurance company. Co-operators General is part of The Co-operators Group Ltd., a national group of companies owned by a group of Canadian co-operatives, credit union centrals and like-minded organizations that focus on insurance and investment products.
Co-operators General's Class E, Series C Preference Shares trade under ticker symbol CCS.PR.C and the Class E Series D Preference Shares trade under ticker symbol CCS.PR.D. Both series of shares trade on the Toronto stock exchange (TSX).
Note to Editors: All figures in Canadian dollars.
For further information: Bruce West, Senior Vice-President and Chief Financial Officer, Telephone: (519) 767-3036, Fax: (519) 824-0599