Dominion Citrus Litigation
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 05/11/15 -- Dominion Citrus Limited (TSX: DMN.PR.A) (" DCL")(" Dominion Citrus") announces that it has been served with a Statement of Claim (the " Claim ") in a lawsuit commenced by Solar Harvest Company Ltd. (" Solar Harvest ") against Dominion Citrus in the Superior Court of Justice in Ontario. Solar Harvest has sued for a declaration that Dominion Citrus is indebted to Solar Harvest for $1,188,000, being $2.25 for the 528,000 Series A Preference Shares of Dominion Citrus owned by Solar Harvest, and that Solar Harvest is entitled to payment of a semi-annual cash dividend on those shares at a rate of prime plus 2% (with a minimum dividend rate of 4% and maximum dividend rate of 8%) from June 30, 2009 to the date of the redemption of such shares. Solar Harvest also claims damages in those amounts and costs of the proceeding. Dominion Citrus intends to defend itself vigorously.
About Dominion Citrus
Dominion Citrus is a subsidiary of Dominion Citrus Income Fund (the "Fund"), a publicly traded, unincorporated, open-ended limited purpose income trust. On January 1, 2006, all of the common shares of Dominion Citrus were exchanged for trust units of the Fund. The trust units are listed on the TSX under the symbol DOM.UN. The Series A preference shares of Dominion Citrus are listed on the TSX under the symbol DMN.PR.A.
Dominion Citrus is a diversified food company supplying fresh produce to a wide variety of customers in retail, foodservice and food distribution businesses. Dominion Citrus provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to its major domestic markets being Ontario and Quebec. Dominion Citrus also supplies products to customers in the United States. Dominion Citrus''s website may be accessed at .
Contacts:
Dominion Citrus Limited
Winston Ash
President & CEO
(416) 259-6328 x 250
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Datum: 11.05.2015 - 07:47 Uhr
Sprache: Deutsch
News-ID 1357808
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