CALGARY, May 12 /CNW/ - (TSX:RME) - Rocky Mountain Dealerships Inc. ("RMDI" or the "Company") today announced that the Board of Directors of RMDI declared a dividend of $0.045 per common share on the Company's outstanding common shares. The common share dividend is payable on June 30, 2008 to shareholders of record at the close of business on May 30, 2008.
This dividend is designated by RMDI to be an eligible dividend for purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.
Management intends that dividends are to be paid hereafter on a quarterly basis subject to performance and at the discretion of the Board of Directors of the Company.
About RMDI:
RMDI sells, rents and leases new and used construction and agricultural equipment, including Case Construction and Case IH Agricultural brands, as well as offering product support and finance and insurance products to its customers. RMDI represents one of Alberta's largest agriculture and construction dealerships with 13 dealership branches located throughout Alberta.
Additional information on RMDI is available on our website at www.rockymtn.com and on SEDAR at www.sedar.com. The Common Shares of RMDI trade on the Toronto Stock Exchange under the symbol "RME".
Forward Looking Information
Certain statements contained in this press release, including statements related to the expectation that the Corporation will continue to make quarterly dividends and statements that contain words such as "could", "should", "can", "anticipate", "expect", "believe", "will", "may", "likely" and similar expressions and statements relating to matters that are not historical facts constitute "forward-looking information" within the meaning of applicable Canadian securities legislation.
These statements are based on certain assumptions and analysis made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. However, whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results to differ materially from the Company's expectations. Consequently, all of the forward-looking information and statements made in this press release are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequence to or effects on the Company or its business or operations. Except as may be required by law, the Company assumes no obligations to update publicly any such forward-looking information and statements, whether as a result of new information, future events or otherwise.
%SEDAR: 00026106E