The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from CNW Group


Thursday, February 17, 2011

IBI GROUP INC. DECLARES ITS MONTHLY DIVIDEND TO SHAREHOLDERS09:26 EST Thursday, February 17, 2011TORONTO, Feb. 17 /CNW/ - IBI Group Inc. (the "Company") (TSX: IBG) today declared a cash dividend of $0.092 per Share for the month of February 2011, payable March 31, 2011 to shareholders of record on February 28, 2010.The Company also announced that IBI Group Management Partnership will receive a distribution before taxes of $0.1333 per Class B Unit held by it in IBI Group for the month of February 2011 payable on March 31, 2011.  As more fully described below, IBI Group is the partnership through which the professional services business of the Company is indirectly carried on.About IBI GROUP INC.IBI Group Inc. is a TSX listed company, which pays monthly dividends and trades under the symbol "IBG".  IBI Group Inc. holds an indirect 72% interest in IBI Group, a partnership which, directly and through its subsidiary entities, provides professional services, including planning, design, implementation, analysis of operations and other consulting services in relation to four main areas of development, being urban land, building facilities, transportation networks and systems technology.  The remaining 28% of IBI Group is owned by IBI Group Management Partnership.  On a partially diluted basis, assuming the exchange of its units of IBI Group for common shares of IBI Group Inc., IBI Group Management Partnership together with affiliated entities holds a combined 46% interest in IBI Group Inc.For further information: Allan J. Kamerman IBI Group Inc. 230 Richmond Street West, 5th Floor Toronto, ON M5V 1V6 Tel: 416-596-1930, Fax: 416-596-8024