Deveron to Pay CAD$0.0042 Special Dividend Totaling CAD$896,513 Return of Capital
Deveron’s board declared a CAD$0.0042 per share special dividend to be paid on March 30, 2026 to shareholders of record as of March 23. The company will distribute a total of CAD$896,513.17 as a return of capital from its US$1 million asset sale after working capital adjustments and foreign exchange fluctuations.
1. Special Dividend Details
Deveron’s board declared a special dividend of CAD$0.0042 per common share to be paid on or about March 30, 2026 to shareholders of record as of March 23, 2026.
2. Funding and Total Distribution
The dividend distribution follows receipt of US$1,000,000 from the sale of substantially all assets to RRL Ultimate Parent, LLC and Maple NewCo, LLC, and will total CAD$896,513.17 after customary working capital adjustments and foreign exchange fluctuations.
3. Return of Capital Treatment
The special dividend will be treated as a return of capital under the Income Tax Act (Canada), reducing shareholders’ cost base rather than being taxed as income.