Designation of Eligible Dividends
Empire confirms, for the purposes of the Income Tax Act (Canada) and applicable provincial legislation, that all dividends paid by the Company on all classes of shares are eligible dividends and all dividends which are paid hereafter on any class of shares will be eligible dividends until that notice is revoked.
The declaration and payment of dividends is at the discretion of the Board. Empire is not aware of any restrictions that could prevent it from paying dividends.
The Non-Voting Class A shares (symbol EMP.A) are listed on the Toronto Stock Exchange. Empire has no stated policy with respect to payment of dividends on either its Class B common shares or on its Non-Voting Class A shares.