OKOTOKS, AB, Sept. 11 /CNW/ - (TSX - MTL) Mullen Group Ltd. ("Mullen
Group" and/or the "Corporation") announced today that it has established a
dividend policy whereby the Corporation, subject to Board approval, intends to
pay dividends to its shareholders on a quarterly basis. The Board has declared
a dividend of $0.125 per Common Share payable to the holders of Common Shares
of record at the close of business on September 30, 2009. The dividend will be
paid on October 15, 2009.
This is the first dividend paid by Mullen Group since its conversion on
May 1, 2009 from a trust to a corporation.
For Canadian resident shareholders, this dividend is designated as an
"eligible dividend" for purposes of the enhanced dividend tax credit rules
contained in the Income Tax Act (Canada) and any corresponding provincial and
territorial tax legislation.
Mullen Group is a company that owns a network of independently operated
businesses. Today the Mullen Group is recognized as the largest provider of
specialized transportation and related services to the oil and natural gas
industry in western Canada and as one of the leading suppliers of trucking and
logistics services in Canada - two sectors of the economy in which Mullen
Group has strong business relationships and industry leadership. Mullen Group
provides management and financial expertise, technology and systems support to
its independent businesses.
Mullen Group is a publicly traded corporation listed on the Toronto Stock
Exchange under the symbol "MTL". Additional information is available on our
website at www.mullen-group.com.
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