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TORONTO, March 7 /CNW/ - Constellation Software Inc. ("Constellation" or the "Company") (TSX: CSU) today declared an annual dividend of US$0.15 per share, payable on March 30, 2007 to all common shareholders and class A non-voting shareholders of record at the close of business on March 19, 2007.
"We are pleased to continue our tradition of paying dividends to our shareholders," said Mark Leonard, President of Constellation. "Since 2002, we have paid distributions to our shareholders on an annual basis. Our objective is to continue to pay annual dividends to our shareholders."
Pursuant to the Company's final prospectus for its initial public offering, Constellation intends to pay annual dividends in the future, subject to approval by the Board of Directors and based on financial results.
The above-mentioned dividend is designated as an "eligible" dividend for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.
Constellation's final prospectus is available at www.sedar.com.
About Constellation Software Inc.
Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Constellation Software is an international provider of market leading software and services to a number of industries across both the public and private sectors. The Company acquires, manages and builds vertical market software businesses that provide mission-critical software solutions to address the specific needs of its customers in those industries.
Forward Looking Statements
Certain statements herein may be "forward looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Constellation or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date hereof. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements are made as of the date hereof and Constellation assumes no obligation to update any forward looking statements to reflect new events or circumstances.