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By following the steps outlined below, you will ensure that TSX is properly notified of approved dividends or distributions in order to set an ex-dividend date.

If an issuer fails to follow proper procedure when declaring dividends ¹, TSX will hold the issuer liable for dividend claims made by both buyers and sellers.

When Declaring Dividends:

1. Provide notice to TSX by filing the TSX Reporting Form 5 - Dividend/Distribution Declaration (via TMX Linx) as soon as the dividend has been declared and at least five (5) trading days prior to the record date. You may also call the TSX Dividend Administrator at 416-947-4663 if you have any questions.
2. Announce the dividend via a news release (please note that TSX does not accept a news release as a dividend notification)
3. Consider additional steps you may need to take to advise non-resident shareholders of the Dividend.

What if you make a mistake?

If you become aware of an error, contact TSX immediately as you may need to issue a clarifying news release. It is essential that the public record is accurate. If you have already filed a TSX Reporting Form 5, you will need to file an amendment using TMX Linx.

Please note that if you fail to follow the proper procedure and TSX is not appropriately advised of an error, TSX will hold the issuer liable for payment of dividend claims made by both buyers and sellers.

For detailed dividend requirements, please review Sections 428 - 435.2 of the TSX Company Manual.

¹ For the purposes of Exchange requirements, "dividends" also includes distributions to holders of listed securities other than shares, such as units.