Heritage Global has announced its shares are now listed on the Canadian Securities Exchange, under the symbol HGP.
Starting April 29, 2014, the company’s shares can be considered a qualified investment for: registered retirement savings plans; registered retirement income funds; tax-free savings accounts; deferred profit sharing plans; registered education savings plans; and registered disability savings plans.
On March 20, 2014, the board of directors of Counsel Corporation, which owns 73.3% of the Heritage Global, declared a special dividend-in-kind of its entire holding of more than 20 million common shares of Heritage Global. The dividend will be paid on or about April 30, 2014 to shareholders of record as at April 1, 2014.
Since the majority of Counsel’s shareholders are located in Canada, listing on the CSE is expected to enhance the liquidity of the shares they receive.