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  • Winnipeg Free Press
  • Brandon Sun
  • Canstar Community News
  • The Carillon
  • The Carberry News Express

Frequently Asked Questions

1) Where are your shares listed and traded?
Shares of FP Newspapers Inc. are listed and traded on the Toronto Stock Exchange under the symbol FP.
2) Who decides the monthly dividends and when are they paid?
The Board of Directors of the Company determine the amount of the monthly dividend. The dividend policy of FPI is to issue dividends in approximately equal monthly amounts to shareholders of record on the last business day of each month, paid by the end of the following month.
3) How does the Company generate distributable cash?
The Company owns securities entitling it to 49% of the distributable cash of FP Canadian Newspapers Limited Partnership (FPLP). FPLP owns and publishes the Winnipeg Free Press, Brandon Sun, Canstar Community News weekly newspapers and the Carillon in Steinbach.
4) Are the Dividends Guaranteed?
No. The Company’s dividends are dependent on the distributable cash generated by the operating businesses owned by FPLP.
5) Does the Company offer a DRIP (Dividend Reinvestment Plan)?
Not at this time. Investors interested in purchasing additional shares at the current market price may do so through their broker.
6) Can I have my cash dividends deposited directly into my bank account?
No, monthly cash dividends are deposited into your brokerage account.
7) What do I do if I don’t receive my monthly cash dividend?
You should initially contact your broker to research this for you. Your broker can follow up both internally, in the securities firm, and then if needed with CIBC Mellon Trust Company, who is the transfer agent for FP Newspapers Inc.
8) How are dividends treated for tax purposes?
A Resident Holder who receives or is deemed to receive a dividend on an FPI Share will, if an individual, be required to include the dividend in income, subject to the gross-up and dividend tax credit rules normally applicable to taxable dividends paid by a taxable Canadian corporation including the enhanced gross-up and dividend tax credit rules applicable to "eligible dividends" (as defined for the purposes of the Tax Act).
9) When are the tax receipts for dividends sent out?
A tax receipt will be sent out by March 31 to all investors who received dividends in the previous year.