Business
Total Telcom Declares Return of Capital
Total Telcom Declares Return of Capital
About this update from Total Telcom Inc.
[{"type":"text","content":"\n\n\n\n Nov. 5, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nKELOWNA, BC and EDMONTON, Nov. 5 /CNW/ - TOTAL TELCOM INC. (TSX Venture: TTZ) is pleased to announce today that it will be issuing a return of\n capital equal to $.08 per share. The record date has been set for\n November 5, 2010 with a payment date of November 19, 2010. No tax forms\n will be issued.\n\n\nCEO Neil Magrath stated, "Management has been negotiating with a number\n of potential mergers and acquisitions, in each situation it was\n expected that we would discount our cash position to reflect what the\n stock was trading at. This return of capital to the shareholders is\n part of a strategic reorganization to further maximize shareholder\n value."\n\n\nTrading symbol:  TTZ: TSX Venture\n\n\n"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this\n release."\n\n\n\n \ncontact the Corporation at 877-860-3762 (Ext 807)\n\n","length":2139,"tagName":"div"}]