Dec. 12, 2012
/CNW/ - Sears Canada Inc. (TSX: SCC) announced today that its Board of Directors declared that an extraordinary cash dividend of
per share on all Common Shares of the Company, or approximately
, will be paid on
December 31, 2012
to shareholders of record as at the close of business on
December 24, 2012
hereby notifies shareholders that it designates the full amount of the dividend to be paid on the common shares, to be an "eligible dividend" as defined in subsection 89(1) of the
Income Tax Act
), and in any similar provincial and territorial tax legislation.
is a multi-channel retailer with a network that includes 195 corporate stores, 269 hometown dealer stores, 8 home services showrooms, over 1,500 catalogue and online merchandise pick-up locations, 102 Sears Travel offices and a nationwide home maintenance, repair, and installation network. The Company also publishes
most extensive general merchandise catalogue and offers shopping online at
SOURCE Sears Canada Inc.