Corporate and Stock Events
FirstService separates into "New" FirstService Corporation and Colliers International
On April 21, 2015, shareholders of FirstService approved a plan to split the existing company into two new independent public companies - (i) FirstService Corporation and (ii) Colliers International. The split was made effective on June 1, 2015. See the attached Management Information Circular for more information about this transaction.
Tax Treatment of Dividends
For the purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, all dividends (and deemed dividends) paid by the Company to Canadian residents on its subordinate voting shares, multiple voting shares and preferred shares are designated as "eligible dividends". Unless stated otherwise, all dividends (and deemed dividends) paid by the Company are designated as "eligible dividends" for the purposes of such rules.
Subordinate voting share dividends paid to US holders may be subject to withholding tax.