MAPLE LEAF FOODS ANNOUNCES DIVIDEND REINVESTMENT PLAN

About this update from Maple Leaf Foods Inc.

[{"type":"text","content":"\n \n \n \n MAPLE LEAF FOODS 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.prntal{\nTEXT-ALIGN: LEFT\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 TSX: MFI\n \n \n \n \n www.mapleleaffoods.com\n \n \n \n \n \n \n MISSISSAUGA, ON\n \n \n ,\n \n \n June 8, 2023\n \n \n /CNW/ - Maple Leaf Foods Inc. (TSX: MFI) today announced that it has implemented a Dividend Reinvestment Plan (the \"DRIP\").\n \n \n \n \n \n \n \n \n \n The DRIP will provide Maple Leaf Foods' 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 of the Company (the \"Reinvestment Shares\") on an ongoing basis. The benefits of enrolling in the DRIP include the:\n \n \n \n convenience of automatic reinvestment of dividends into Reinvestment Shares;\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; and\n \n \n ability at the current time to acquire Reinvestment Shares at a discount to the Average Market Price (as defined below) without paying any brokerage fees.\n \n \n \n Participants in the DRIP will, until further notice, acquire Reinvestment 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 of 2%. Maple Leaf Foods will have the discretion to change or eliminate the discount applicable to Treasury Purchases, provided that such discount shall not exceed 5% of the Average Market Price. Maple Leaf Foods will also be entitled, at its discretion and in accordance with the DRIP, to fund the D...

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