DEFINITY ANNOUNCES DIVIDEND REINVESTMENT PLAN

About this update from Definity Financial Corp.

[{"type":"text","content":"\n \n \n \n DEFINITY ANNOUNCES DIVIDEND REINVESTMENT PLAN\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR PUBLIC DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n WATERLOO, ON\n \n \n ,\n \n \n Feb. 9, 2023\n \n \n /CNW/ -\n \n Definity Financial Corporation\n \n (TSX: DFY) today announced that the company has implemented a Dividend Reinvestment Plan (the \"DRIP\"), effective as of the date of this press release. Participation in the DRIP is optional and will not affect shareholders' cash dividends, unless they elect to participate in the DRIP.\n \n \n \n \n \n \n \n \n \n The DRIP will provide Definity's eligible shareholders with the opportunity to have all or a portion of the cash dividends declared on their common shares automatically reinvested into additional common shares on an ongoing basis until DRIP participation has been modified or terminated (the \"Reinvestment Shares\") of the Company. The benefits of enrolling in the DRIP include the:\n \n \n \n convenience of automatic reinvestment of dividends in Reinvestment Shares; and\n \n \n flexibility to enroll some or all common shares in the DRIP, providing the opportunity to reinvest all or a portion of dividends in Reinvestment Shares, while continuing to receive the remainder in cash.\n \n \n \n Participants in the DRIP will, until further notice, acquire Reinvestment Shares with common shares acquired on the open market. Definity will also be entitled, at its discretion and in accordance with the DRIP, to fund the DRIP with common shares issued from treasury (a \"Treasury Purchase\") at a price equal to the volume weighted average price of the Company's common shares on the Toronto Stock Exchange during the five (5) trading days immediately preceding the dividend payment date (the \"Average Market Price\"), less a discount. Definity will have the discretion to determine the discount applicable to Treasury Purchases, provided that such discount shall not...

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