Symbol: MAR Trading Symbol: MAR
TORONTO, Dec. 16, 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 January 15, 2014 to shareholders of record at the close of business on December 31, 2013, and is an eligible dividend pursuant to subsection 89(14) of the Income Tax Act ( Canada).
To participate in the Plan in time for the reinvestment of this dividend payable on January 15, 2014, eligible shareholders whose shares are registered in their name must enroll by no later than 4:00 p.m. on December 20, 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. About Marret Asset Management Inc. Marret Asset Management Inc. is a credit fixed income manager based in Toronto and is 65% owned by CI Financial Corp. Marret's experienced team of investment professionals led by Barry Allan specialize exclusively in fixed income and, particularly, in high yield debt strategies. ****