/NOT FOR DISTRIBUTION IN THE U.S.A. OR OVER U.S. WIRE SERVICES/
MISSISSAUGA,
ON, Nov. 12, 2014 /CNW Telbec/
- KP Tissue Inc. ("KPT") (TSX:KPT) announced today that the Board
of Directors has declared a quarterly dividend of $0.18 per common share, payable on January 15, 2015 to shareholders of record at the
close of business on December 31,
2014, subject to applicable law.
The dividends paid are designated as "eligible"
dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and
territorial legislation.
The dividend is being declared in connection
with the declaration of a corresponding quarterly distribution by
Kruger Products L.P. ("KPLP") in which KP Tissue holds a limited
partnership interest.
Dividend Reinvestment Plan
The Corporation has a Dividend Reinvestment Plan
under which eligible shareholders may elect to have their cash
dividends reinvested in additional common shares of KPT.
Under the Plan, the Corporation will automatically reinvest all
cash dividends of KPT in newly issued Common Shares at a price per
Common Share equal to 97% of the 5-day weighted average trading
price of the Common Shares prior to the dividend payment date.
Only Canadian shareholders are eligible to
participate in the DRIP and the DRIP is subject to additional
limitations and restrictions. Interested shareholders are
encouraged to review the full text of the DRIP, available on KPT's
website at www.kptissueinc.com.
Shareholders who wish to participate in the DRIP
should contact their broker, financial institution, or other
nominee through which their Common Shares are held to determine
their eligibility and provide appropriate enrolment instructions,
and to ensure any deadlines or other requirements that such broker,
financial institution, or nominee may impose or be subject to are
met.
About KP Tissue Inc.
KP Tissue Inc. (KPT) was created to acquire, and its business is
limited to holding, a limited partnership interest in KPLP. For
more information visit www.kptissueinc.com.
About Kruger Products L.P.
Kruger Products L.P. is Canada's
leading manufacturer of quality tissue products for household,
industrial and commercial use. Kruger Products L.P. serves the
Canadian consumer market with such well-known brands as Cashmere®,
Purex®, SpongeTowels®, Scotties®' and White Swan®. In the U.S.,
Kruger Products L.P. manufactures the White Cloud® brand, as well
as many private label products. Kruger Products L.P. has
approximately 2,500 employees across North America and operates five FSC® CoC-
certified mills (FSC® C104904), four of which are located in
Canada and one in the US.
For more information visit www.krugerproducts.ca.
SOURCE KP Tissue Inc.