Trilogy International Partners Inc. Announces Dividend And Dividend Reinvestment Plan
02 Abril 2019 - 8:00AM
Trilogy International Partners Inc. (the
“
Company”) (TSX: TRL) today announced that it has
declared a dividend of C$0.02 per common share of the Company
(each, a “
Common Share”) The dividend will be paid
on May 6, 2019, to holders of the Company’s Common Shares as of a
record date of April 16, 2019. The dividend declared on the Common
Shares is an eligible dividend for the purpose of the Income Tax
Act (Canada).
The Company also announced today that its
subsidiary, Trilogy International Partners LLC, has declared an
equitably equivalent dividend of its Class C Units
(“Trilogy LLC Class C Units”) to holders of
Trilogy LLC Class C Units as of a record date of April 16,
2019.
The Company also wishes to remind its Canadian
shareholders that is has implemented a dividend reinvestment plan
(the “Plan”). Holders of Common Shares who are
residents of Canada may elect to participate in the plan in
connection with the dividend to be paid on May 6, 2019 to
shareholders of record as of April 16, 2019.
Pursuant to the Plan, eligible Canadian holders
of a minimum of one Common Share of the Company may elect to
automatically reinvest their cash dividends payable in respect of
the Common Shares to acquire additional Common Shares, which will
be issued from treasury on the applicable dividend payment date.
The price at which such Common Shares are issued from treasury will
be 95% of the volume weighted average closing price of the
Company’s Common Shares over the five business days immediately
preceding such dividend payment date.
For more information about the Plan, or to
request or download a copy of the detailed Plan, please contact the
Plan Agent, TSX Trust Company (“TSX Trust”), by
phone at 1-866-600-5869, by e-mail to tmxeinvestorservices@tmx.com,
or visit TSX Trust’s website at
www.tsxtrust.com/resources/investor-centre/forms. A copy of the
Plan will also be available on our website at
www.trilogy-international.com (go to “Investor Relations” and
“Dividends”).
The Plan is subject to certain limitations and
restrictions and interested parties are encouraged to review the
full text of the Plan before making any decisions regarding their
participation in the Plan. Eligible Canadian registered
shareholders must complete and deliver enrollment forms to TSX
Trust at least five (5) business days before the record date.
Canadian beneficial shareholders who hold their Common Shares
through a nominee and who wish to participate in the Plan should
contact their nominee to enquire about enrollment.
Holders of Trilogy LLC Class C Units will
receive their dividend in the form of additional Trilogy LLC Class
C Units. The value per additional Trilogy LLC Class C Unit received
will be equal to the value of each additional Common Share received
by holders of Common Shares under the Plan, being 95% of the volume
weighted average closing price of the Company’s Common Shares over
the five business days immediately preceding the payment date.
About Trilogy International
Partners Inc.
Trilogy International Partners Inc. (TSX: TRL)
is the parent company of Trilogy International Partners LLC, a
wireless and fixed broadband telecommunications operator formed by
wireless industry veterans John Stanton, Theresa Gillespie and Brad
Horwitz. Its founders have an exceptional track record of
successfully buying, building, launching and operating
communication businesses in 15 international markets and the United
States.
The Company currently provides wireless
communications services through its operating subsidiaries in New
Zealand and Bolivia. Its head office is located at 155 108th Avenue
NE, Suite 400, Bellevue, Washington, 98004 USA.
For more information, visit
www.trilogy-international.com.
Cautionary Statements
Certain information contained in this news
release may be “forward-looking information” within the meaning of
applicable securities laws in Canada and “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 of the United States of America. Forward-looking
information and forward-looking statements are often, but not
always identified by the use of words such as "expect",
"anticipate", "believe", "foresee", "could", "estimate", "goal",
"intend", "plan", "seek", "will", "may" and "should" and similar
expressions or words suggesting future outcomes. This news release
includes forward-looking information and statements pertaining to,
among other things, expectations regarding the payment of
dividends, the ability to reinvest dividends for additional common
shares of the Company and other aspects of the intended operation
of the Plan. Numerous risks and uncertainties could cause the
actual events and results to differ materially from the estimates,
beliefs and assumptions expressed or implied in the forward-looking
statements.
This press release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state
securities laws and may not be offered or sold within the United
States or to U.S. Persons (as such term is defined in Regulation S
under the U.S. Securities Act) unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
FOR FURTHER INFORMATION PLEASE CONTACT:
Trilogy International Partners
Inc.Ann Saxton Vice President, Investor Relations &
Corporate Development(425)
458-5900ann.saxton@trilogy-international.comwww.trilogy-international.com
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