Altus Group Announces Fourth Quarter 2022 Dividend

TORONTO, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Altus Group Limited ("Altus" or "the Company") (TSX: AIF), a market leading Intelligence as a Service provider to the global commercial real estate ("CRE") industry, announced today that the Board of Directors has approved the payment of a cash dividend of $0.15 per common share for the fourth quarter ending December 31, 2022.

Payment will be made on January 16, 2023 to common shareholders of record as at December 31, 2022.

Altus Group's Dividend Reinvestment Plan ("DRIP") permits eligible shareholders to direct their cash dividends to be reinvested in additional common shares of the Company. For shareholders who wish to reinvest their dividends under the DRIP, Altus Group intends to issue common shares from treasury at a price equal to 96% of the weighted average closing price of the shares for the five trading days preceding the dividend payment date.

Full details of the DRIP program are available on the Company website.

Altus Group confirms that all dividends paid or deemed to be paid to its common shareholders qualify as ?eligible dividends? for purposes of subsection 89(14) of the Income Tax Act (Canada) and similar provincial and territorial legislation, unless indicated otherwise.

About Altus Group

Altus Group provides the global commercial real estate industry with vital actionable intelligence solutions driven by our de facto standard ARGUS technology, unparalleled asset level data, and market leading expertise. A market leader in providing Intelligence as a Service, Altus Group empowers CRE professionals to make well-informed decisions with greater speed and scale to maximize returns and reduce risk. Trusted by most of the world's largest CRE leaders, our solutions for the valuation, performance, and risk management of CRE assets are integrated into workflows critical to success across the CRE value chain. Founded in 2005, Altus Group is a global company with approximately 2,650 employees across North America, EMEA and Asia Pacific. For more information about Altus (TSX: AIF) please visit altusgroup.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Altus Group Limited

Camilla Bartosiewicz
Chief Communications Officer
416-641-9773
[email protected]