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Distribution History


Distribution History


DIVIDEND POLICY

Mainstreet Health Investments Inc. is committed to generating strong and sustainable monthly cash dividends to its shareholders. We pay a monthly cash dividend to shareholders of record on any month end by approximately the fifteenth day of the following month. Mainstreet Health Investments Inc. designates all dividends paid by it as “eligible dividends” for Canadian tax purposes, unless indicated otherwise. Dividends are paid in US dollars.

Historical Dividend Summary

Schedule of Dividends (2016)

Dividend Period Record Date Payment Date
Amount of Monthly Dividend Declared
(in US $)
June 2-30, 2016 June 30, 2016 July 15, 2016
$0.05729
July 1-30, 2016 July 29, 2016 August 15, 2016
$0.06139
August 1-31, 2016 August 31, 2016 Sept. 15, 2016
$0.06139
Sept. 1-30, 2016 Sept. 30, 2016 October 15, 2016
$0.06139
October 1-31, 2016 October 31, 2016 November 15, 2016
$0.06139
November 1-30 2016 November 30, 2016, 2016 December 15, 2016
$0.06139
 
December 1-31 2016 December 30, 2016, 2016 January 16, 2017
$0.06139
January 1-31, 2017 January 31, 2017 February 15, 2017
$0.06139
 
 

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Dividend Reinvestment Plan


Dividend Reinvestment Plan


MAINSTREET HEALTH INVESTMENTS INC. DIVIDEND REINVESTMENT PLAN

What is the Dividend Reinvestment Plan?

It is an investment program offered to holders of common shares (“Shareholders”) of Mainstreet Health Investments Inc. (“Mainstreet”) resident in Canada, or as otherwise approved by Mainstreet, that allows eligible Shareholders to automatically reinvest cash dividends, net of applicable withholding taxes in the case of non-resident eligible Shareholders, to purchase additional common shares of Mainstreet.

What are the benefits of participating in the Plan?

The Plan allows eligible Shareholders to automatically reinvest their cash dividends in additional common shares of Mainstreet without incurring brokerage fees and costs normally associated with share purchases. In addition, to the extent that the common shares are issued from treasury, they may be issued at a discount. By participating, Shareholders increase their equity stake in Mainstreet. 

Who administers the Plan?

The Plan is administered by Computershare Investor Services Inc. (the “Agent”).

Who can participate in the Plan?

Participation in the Plan is currently limited to Shareholders resident in Canada. A shareholder that is resident in the United States may only participate in the Plan if Mainstreet provides prior approval.

How do I enroll in the Plan?

Eligible registered Shareholders resident in Canada can automatically reinvest cash dividends by duly completing an enrollment form and returning it to the Agent or enrolling online at the Agent’s web portal at www.investorcentre.com. Registered Shareholders resident in the United States must complete and return to Mainstreet an enrollment form as well as an accredited investor questionnaire and such other acknowledgements, confirmations, certifications or instruments as required by Mainstreet in its sole discretion. Participation in the Plan by a registered Shareholder resident in the United States is subject to the prior approval of Mainstreet.

Beneficial Shareholders who wish to participate in the Plan must contact their broker, investment dealer, financial institution or other nominee and instruct them to take all necessary actions to become a participant in respect of their common shares. Unless otherwise approved by Mainstreet, beneficial Shareholders resident outside of Canada will not be entitled to participate in the Plan.

When does the Plan take effect?

The Plan will take effect for the dividend payable on September 15, 2016 for those Shareholders who enroll in the Plan.

What is the purchase price for common shares under the Plan?

The Plan offers eligible Shareholders the opportunity to automatically reinvest cash dividends payable in respect of all of their common shares by purchasing additional common shares, at Mainstreet’s discretion, either directly from Mainstreet’s treasury or on the open market. The price of the common shares purchased under the Plan will be:

a)     in the case of a treasury purchase, the average market price less a discount, if any, of up to three percent (3%), at Mainstreet’s election; the average market price is the weighted average of the trading price for common shares of Mainstreet on the Toronto Stock Exchange, or such other exchange on which the common shares may be listed from time to time, for the five (5) trading days immediately preceding the relevant dividend payment date; and

b)    in the case of a market purchase, the average price paid (excluding brokerage commissions fees and transaction costs) per common share acquired by the Agent for all common shares purchased in respect of a dividend payment date during the three consecutive trading days commencing on such dividend payment date.

Are there other costs associated with the purchase?

No commissions, service charges or brokerage fees are payable by a participating Shareholder in connection with the purchase of common shares under the Plan. All administrative costs of the Plan will be paid by Mainstreet.

Beneficial Shareholders should consult with their respective brokers, investment dealers or financial institutions with whom they hold their common shares to determine what fees (if any) they will incur as a result of their participation in the Plan. Any such fees will not be paid by Mainstreet or the Agent.

Will I receive a report of my purchases under the Plan?

An unaudited statement regarding purchases under the Plan will be mailed on a quarterly basis to each registered Shareholder participating in the Plan setting out, among other things, the number of common shares purchased through the Plan, the applicable purchase price per common share and the amount of applicable withholding tax if any.

Are there tax consequences of enrolling in the Plan?

Eligible Shareholders are encouraged to seek advice relating to the tax consequences of enrolling in the Plan from a tax adviser.

How do I terminate my participation in the Plan?

Participating Shareholders may voluntarily terminate their participation in the Plan by completing the termination portion of the voucher located on the reverse of their quarterly unaudited statement or by following the instructions at the Agent’s web portal at www.investorcentre.com. The Agent will take all reasonable steps to process a termination within ten (10) business days of receipt by the Agent of the termination request, or, if the request is received at or after 4:00 p.m. EST on the fifth (5th) business day prior to a dividend record day, within ten (10) business days immediately following the dividend payment date. Beneficial Shareholders who participate in the Plan and who wish to voluntarily terminate their participation should contact their respective brokers, investment dealers, financial institutions or other nominee with whom they hold their common shares and instruct them to take all necessary actions to terminate their participation in respect of their common shares.

When participation in the Plan is terminated, the participating registered Shareholder will receive a certificate or direct registration system advice for the whole common shares acquired under the Plan held for such participant’s account and a cheque in respect of any cash amounts paid in lieu of fractional common shares.

  • Click here for a copy of the Mainstreet Health Investments Inc. Dividend Reinvestment Plan
  • Click here for a DRIP Enrollment Form
  • Click here for a United States Investor Agreement and Questionnaire