Manitoba Telecom Services Dividend Reinvestment Plan approved by TSX
Stock Symbol: MBT
WINNIPEG, May 17 /CNW/ - Manitoba Telecom Services Inc. (the "Company"
or "MTS Allstream"), including its two primary operating units "MTS" and
"Allstream", today announced that the Toronto Stock Exchange ("TSX") has
approved the establishment of its Dividend Reinvestment and Share
Purchase Plan (the "Plan") for qualified holders of its common shares.
"MTS Allstream is pleased to provide this convenient reinvestment option
for its shareholders," said Wayne Demkey, Chief Financial Officer, MTS
Allstream. "This plan provides convenience for our shareholders,
allowing any dividends to be automatically reinvested as common shares
without having to pay brokerage commissions."
The Plan allows qualified shareholders to acquire additional common
shares through the reinvestment of any cash dividends paid on their
respective shareholdings. Initially, the additional common shares on the
reinvestment of dividends will be issued from treasury at a discount of
3% from the average market price.
On May 6, 2010, the Company's Board of Directors declared a cash
dividend of $0.65 per share for the second quarter of 2010, which is
payable on July 15, 2010 to shareholders of record on June 30, 2010. The
Board of Directors decided to extend the record date to allow qualified
shareholders sufficient time in which to enroll in the Plan. An
information package on the Plan will be mailed to registered
shareholders shortly. Information on the Plan is also available at
www.mtsallstream.com <http://www.mtsallstream.com>.
About Manitoba Telecom Services Inc.
Manitoba Telecom Services Inc., through its wholly-owned subsidiary MTS
Allstream Inc., is one of Canada's leading national communication
solutions companies, providing innovative communications for the way
Canadians want to live and work today. The Company has more than 100
years of experience, with 6,000 employees across Canada dedicated to a
mission of delivering true value as seen through the eyes of our
customers. MTS Allstream has nearly two million total customer
connections spanning business customers across Canada and residential
consumers throughout the province of Manitoba. The Company's extensive
national broadband and fibre optic network spans almost 30,000
kilometres. MTS Allstream is a proud sponsor of Cindy Klassen, 2006
World Champion and Canada's greatest Olympian, and a proud contributor
to the Canadian Museum for Human Rights. Manitoba Telecom Services
Inc.'s common shares are listed on the Toronto Stock Exchange (trading
symbol: MBT). Customers, stakeholders and investors who want to learn
more about MTS Allstream services, markets, community commitments and
record of creating shareholder value are encouraged to visit:
www.mtsallstream.com