Dividends on the Subordinate Voting Shares are payable quarterly on or about January 31, April 30, July 31 and October 31 of each year. The Board of Directors normally reviews dividends in May of each year, with any changes becoming effective with the July payment.
In May 2014 Onex announced that it would be increasing its quarterly dividend by 33 percent to C$0.05 per Subordinate Voting Share beginning in July 2014. This increase follows a 36 percent increase in the dividend rate in May 2013 and reflects Onex' success and ongoing commitment to its shareholders. During 2012 and 2011, the quarterly dividend was C$0.0275 per Subordinate Voting Share. All dividends are eligible dividends unless indicated otherwise.
Onex is now providing shareholders the option to elect to receive their dividend payment in U.S. dollars. To receive the dividend payment in U.S. dollars, a registered shareholder must submit a completed currency election form
to CST Trust Company
five business days before the record date of the dividend. Non-registered shareholders who wish to receive dividend payments in U.S. dollars should contact their broker to submit their currency election.
The Dividend Reinvestment Plan provides shareholders of record who are resident in Canada a means to reinvest cash dividends in new Subordinate Voting Shares of Onex Corporation at a market-related price and without payment of brokerage commissions. To participate, registered shareholders should contact Onex’ share registrar, CST Trust Company. Non-registered shareholders who wish to participate should contact their investment dealer or broker.