This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Marret Resource Corp. Announces Monthly Dividend

Trading Symbol: MAR

TORONTO, March 15, 2013 /CNW/ - Marret Resource Corp. (TSX: MAR) (the "Company") announced today that it has declared a monthly dividend of $0.023334 per share on its outstanding common shares. The dividend is payable on April 15, 2013 to shareholders of record at the close of business on March 28, 2013, and is an eligible dividend pursuant to subsection 89(14) of the Income Tax Act ( Canada).

The Company previously announced the adoption of a Dividend Reinvestment Plan (the "Plan") which allows eligible shareholders to direct that cash dividends paid on all or a portion of their common shares be reinvested in additional common shares. For the purposes of this dividend, any such shares to be acquired for the Plan will be purchased by way of market purchase through the facilities of the TSX or alternative Canadian markets in accordance with the terms of the Plan. The price of the shares purchased by the Plan will be the average market price, excluding any brokerage commissions, of all shares so purchased by the Plan Agent, Computershare Trust Company of Canada. No assurances can be made that there will be a sufficient number of additional shares available in the market to satisfy the requirements of the Plan.  If an insufficient number of shares are available in the market to satisfy the requirements of the Plan, any deficit will be made up by a supplementary treasury purchase. The price of the shares purchased by a supplementary treasury purchase, if applicable, will be the average price of the shares successfully purchased by market purchase, without any additional discount.

To participate in the Plan in time for the reinvestment of this dividend payable on April 15, 2013, eligible shareholders whose shares are registered in their name must enroll by no later than 4:00 p.m. on March 21, 2013.  Eligible shareholders who hold their shares in the name of a nominee should contact their nominee to inquire about the timing of their enrolment. Any enrollment form received after such time will be applied to the next applicable dividend record date. Enrollment under the Plan can otherwise be made at any time. Once a participant has enrolled in the Plan, participation continues automatically unless terminated or suspended in accordance with the terms of the Plan.

A copy of the Plan and the enrolment form are available on Marret Asset Management Inc.'s website at www.marret.com or by calling Marret at (416) 214-5800 or at Computershare's website at www.investorcentre.com.

About Marret Resource Corp.

The Company is focused on natural resource lending. The Company's business is primarily directed to investing in public and private debt securities of and making term loans (including bridge and mezzanine debt) to issuers in a broad range of natural resource sectors, including energy, base and precious metals and other commodities, and issuers involved in exploration and development, and may also include financing other resource related businesses and investing in public and private equity and quasi-equity securities. The Company seeks to generate income mainly from its lending activities, while taking advantage of additional upside through equity participation in the companies which it finances. Marret Asset Management Inc. is responsible for implementing Company's investment strategy and managing its investment portfolio.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,228.29 +95.59 0.53%
S&P 500 2,112.50 +8.00 0.38%
NASDAQ 4,997.54 +34.0130 0.69%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs