Imperial Equities Suspends Dividends
EDMONTON, ALBERTA, July 27, 2020 – Imperial Equities Inc. today announced it has suspended its dividends for the Third and Fourth Quarters of 2020.
“This was a difficult decision for our Board of Directors,” said Sine Chadi, CEO of Imperial Equities. “When we brought back dividends in Q1 2020, we saw it as a long-term move and appropriate recognition for those shareholders who have invested in our Company. However, as we manage through the impacts of COVID-19 in particular, and we consider our risk strategies in the face of future uncertainty, it is prudent to ensure we have sufficient cash flows to meet all of our corporate obligations, and to retain some reserve given ongoing uncertainties.”