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Press release from CNW Group

DAVIS + HENDERSON PROVIDES DETAILS OF INITIAL DIVIDEND PAYMENTS POST CONVERSION

Wednesday, January 19, 2011

DAVIS + HENDERSON PROVIDES DETAILS OF INITIAL DIVIDEND PAYMENTS POST CONVERSION09:24 EST Wednesday, January 19, 2011TORONTO, Jan. 19 /CNW/ - Davis + Henderson Corporation (TSX: DH) ("D+H", "Davis + Henderson" or the "Corporation") completed its conversion from an income trust to a corporation on January 1, 2011 and today announced the timing of dividend declarations and details on initial dividend payments (based on its stated intention to pay dividends in 2011 at an annualized rate of $1.20 per share).D+H intends to declare dividends coincident with the release of its quarterly financial results, which are generally published 4-5 weeks after calendar quarter ends. The payment date on declared dividends will be at the end of the month following the month in which the dividend is declared. Specifically, in the first quarter of 2011, the announcement date is expected to be May 10, 2011 and the payment date is expected to be the end of June, 2011.In advance of that date, D+H intends to declare a special dividend of $0.15 per share coincident with the release of its financial results for the fourth quarter of 2010, which is expected to be in early March, 2011. The special dividend payment date is expected to be the end of March, 2011.The first regular quarterly dividend of $0.30 per share (equivalent to $1.20 per share annualized) is expected to be declared in May, 2011 and paid in June, 2011. The next regular quarterly dividend is expected to be declared in August, 2011 and paid in September, 2011 and the last regular quarterly dividend for the year is expected to be declared in November, 2011 and paid in December, 2011.As announced December 20, 2010, the final Davis + Henderson Income Fund (the "Fund") distribution of $0.1533 per unit is to be paid on January 31, 2011 to owners of record at the end of December, 2010.In summary, for the first quarter of 2011, it is expected that the business will pay approximately $0.30 of distributions comprised of a $0.1533 per unit distribution and a $0.15 per share dividend and will begin paying regular quarterly dividends thereafter at a quarterly rate of $0.30 per share (equivalent to $1.20 per share annualized).Actual declared dividends will be subject to the discretion of the D+H Board of Directors and may vary from the intentions stated depending on, among other things, the Corporation's earnings, financial requirements, and other conditions existing at such future time.ABOUT DAVIS + HENDERSONFounded in 1875, Davis + Henderson provides innovative programs, technology products, and technology based business services to customers in the financial services industry who offer deposit, lending, insurance and wealth management products to consumers and businesses. Davis + Henderson is listed on the Toronto Stock Exchange under the symbol DH. Further information can be found in the disclosure documents filed by Davis + Henderson with the securities regulatory authorities, available at www.sedar.com.CAUTION CONCERNING FORWARD-LOOKING STATEMENTSThis press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Statements concerning Davis + Henderson's objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and the intended dividend policy of the Corporation are forward-looking statements. The words "believe", "expect", "anticipate", "estimate", "intend", "may", "will", "would" and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to important assumptions, including the following specific assumptions: the ability of Davis + Henderson to meet its revenue targets; general industry and economic conditions; changes in Davis + Henderson's relationship with its customers and suppliers; and pricing pressures and other competitive factors. Davis + Henderson has also made certain macroeconomic and general industry assumptions in the preparation of such forward-looking statements. While Davis + Henderson considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect.Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the business, or developments in Davis + Henderson's industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements.Risks related to forward-looking statements include, among other things, challenges presented by declines in the use of cheques by consumers; the Corporation's dependence on a limited number of large financial institution customers and dependence on their acceptance of new programs; stability and growth in the real estate, mortgage and lending markets; as well as general market conditions, including economic and interest rate dynamics. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and Davis + Henderson does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change except as required by applicable securities laws.For further information: Brian Kyle, Executive Vice President and Chief Financial Officer, Davis + Henderson Corporation, (416) 696-7700, Website: www.dhltd.com or www.investorrelations@dhltd.com