Canlan Sports Announces Special Dividend and Distribution Dates

Rhea-AI Summary

Canlan Ice Sports Corp (TSX: ICE) has announced a special dividend of $0.50 per common share, demonstrating its commitment to shareholder value. The dividend will be paid on August 15, 2025, to shareholders of record as of July 31, 2025. Board Chair Victor D'Souza emphasized that this decision reflects confidence in the company's ability to fund growth and maintain its capital expenditure program. The dividend is designated as "eligible" under Canadian tax law, potentially offering enhanced tax credits for Canadian residents.

Positive

• Special dividend of $0.50 per share announced, providing immediate shareholder value
• Company demonstrates financial strength and ability to fund growth while returning capital to shareholders
• Dividend qualifies for enhanced tax credits for Canadian residents

Negative

• None.

Burnaby, British Columbia--(Newsfile Corp. - June 20, 2025) - Canlan Ice Sports Corp. (TSX: ICE) ("Canlan") a leading sports and entertainment company, today announced that its Board of Directors (the "Board") has declared a special dividend to shareholders of $0.50 per common share. The special dividend will be paid on August 15, 2025 to common shareholders of record at the close of business on July 31, 2025.

"The Board's approval of this special dividend reflects our commitment to enhancing shareholder returns. It underscores our confidence in Canlan's ability to fund its growth and its robust capital expenditure program aimed at better serving our customers," said Victor D'Souza, Chair of the Board.

The special dividend is designated as an "eligible" dividend under the Income Tax Act (Canada) and any corresponding provincial legislation. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits, which reduce income tax otherwise payable.

About Canlan

Canlan Sports is the North American leader in the operations and ownership of multi-purpose recreation and entertainment facilities. We are amongst the largest private sector owners and operators of recreation facilities in North America and currently own, lease and/or manage 15 facilities in Canada and the United States with 47 ice surfaces, as well as 10 indoor soccer fields, and 18 hard court surfaces. To learn more about Canlan please visit www.canlansports.com.

Canlan Ice Sports Corp. has proudly been listed on the Toronto Stock Exchange for over 35 years and the stock trades under the symbol "ICE."

For more information:

Canlan Ice Sports Corp.
Ivan Wu
CFO
604-736-9240

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256298

FAQ

When will Canlan Ice Sports (CNLFF) pay its special dividend?

Canlan Ice Sports will pay the special dividend of $0.50 per share on August 15, 2025.

What is the record date for Canlan's special dividend?

The record date for Canlan's special dividend is July 31, 2025, at the close of business.

How much is Canlan Ice Sports' special dividend per share?

Canlan Ice Sports announced a special dividend of $0.50 per common share.

Is Canlan's special dividend eligible for Canadian tax credits?

Yes, the dividend is designated as 'eligible' under Canadian tax law, potentially offering enhanced dividend tax credits for Canadian residents.