Le Lézard
Classified in: Sports and recreation
Subject: v

KP Tissue declares a Quarterly Dividend of $0.18 per Common Share


NOT FOR DISTRIBUTION IN THE U.S.A. OR OVER U.S. WIRE SERVICES

MISSISSAUGA, Ontario, Nov. 08, 2023 (GLOBE NEWSWIRE) -- KP Tissue Inc. ("KPT") (TSX: KPT) announced today that the Board of Directors has declared a quarterly dividend of $0.18 per common share, payable on January 15, 2024 to shareholders of record at the close of business on January 2, 2024, subject to applicable law.

The dividends paid are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

The dividend is being declared in connection with the declaration of a corresponding quarterly distribution by Kruger Products in which KP Tissue holds a limited partnership interest.

Dividend Reinvestment Plan

The Corporation has a Dividend Reinvestment Plan under which eligible shareholders may elect to have their cash dividends reinvested in additional common shares of KPT. Under the Plan, the Corporation will automatically reinvest for participating shareholders the cash dividends of KPT in newly issued Common Shares at a price per Common Share equal to 100% of the 5-day weighted average trading price of the Common Shares prior to the dividend payment date.

Only Canadian shareholders are eligible to participate in the DRIP and the DRIP is subject to additional limitations and restrictions. Interested shareholders are encouraged to review the full text of the DRIP, available on KPT's website at www.kptissueinc.com.

Shareholders who wish to participate in the DRIP should contact their broker, financial institution, or other nominee through which their Common Shares are held to determine their eligibility and provide appropriate enrolment instructions, and to ensure any deadlines or other requirements that such broker, financial institution, or nominee may impose or be subject to are met.

About KP Tissue Inc.
KPT was created to acquire, and its business is limited to holding a limited partnership interest in Kruger Products, which is accounted for as an investment on the equity basis. KPT currently holds a 13.1% interest in Kruger Products. For more information visit www.kptissueinc.com.

About Kruger Products
Kruger Products is Canada's leading manufacturer of quality tissue products for household, industrial and commercial use. Kruger Products serves the Canadian consumer market with such well-known brands as Cashmere®, Purex®, SpongeTowels®, Scotties®, White Swan® and Bonterratm. In the U.S., Kruger Products manufactures the White Cloud® brand, as well as many private label products. The Away-From-Home division manufactures and distributes high-quality, cost-effective product solutions to a wide range of commercial and public entities. Kruger Products has approximately 2,800 employees and operates nine FSC® COC-certified (FSC® C-104904) production facilities in North America. For more information visit www.krugerproducts.ca.

INFORMATION:
François Paroyan
General Counsel and Corporate Secretary
KP Tissue Inc.
Tel.: 905.812.6936
[email protected]

INVESTORS:
Mike Baldesarra
Director of Investor Relations
KP Tissue Inc.
Tel.: 905.812.6962
[email protected]

SOURCE KP Tissue Inc



These press releases may also interest you

at 06:08
Premier Village Phu Quoc Resort, managed by Accor, invites travelers to escape the fast-paced world and discover a serene haven where they can refresh, rejuvenate, and reconnect with themselves and nature. Amidst the global growth of wellness travel,...

at 04:00
ViewLift, a leading global streaming platform, announced the appointment of Luke Boyle as Senior Vice President, Commercial, for the EMEA region, marking a significant step in the company's commitment to growth and innovation across Europe, the...

10 nov 2024
Zeigler Auto Group sponsored driver Carson Hocevar named 2024 NASCAR Cup Series Sunoco Rookie of the Year. Hocevar pilots the No. 77 Chevrolet Camaro ZL1 for Spire Motorsports....

9 nov 2024
More than 16,000 participants took on downtown Indianapolis this morning in the 17th annual CNO Financial Indianapolis Monumental Marathon, Half Marathon and 5K. The monumental day showcased a multitude of records, including three course records and...

9 nov 2024
Art Shanghai 2024 has opened on November 7th at Hall A of the West Bund. The prestigious event, orchestrated by the Publicity Department of the CPC Shanghai Committee and co-hosted by the Shanghai Municipal Administration of Culture and Tourism and...

9 nov 2024
Art Shanghai 2024 has opened on November 7th at Hall A of the West Bund. The prestigious event, orchestrated by the Publicity Department of the CPC Shanghai Committee and co-hosted by the Shanghai Municipal Administration of Culture and Tourism and...



News published on and distributed by: