GMP's preferred shares are listed on the Toronto Stock Exchange ("TSX").

Year Record Date Pay Date C$ Amount
2020 October 30 November 16 0.193803
June 15 June 30 0.272005
March 16 March 31 0.282848
2019 December 16 December 31 0.285326
September 16 October 1 0.288414
June 14 July 2 0.2850
March 15 April 1 0.2837
2018 December 17 December 31 0.2790
September 14 October 1 0.2640
June 15 July 3 0.2531
March 15 April 2 0.2319
2017 December 15 January 2 (2018) 0.2289
September 15 October 2 0.2156
June 15 June 30 0.2100
March 15 March 31 0.2095
2016 December 15 January 3 (2017) 0.2143
September 15 September 30 0.2155
June 15 June 30 0.2089

Effective October 20, 2020, following the completion of the RGMP Transaction, the Board approved the resumption of the Company’s quarterly dividend on its preferred shares commencing with the payment of accrued but unpaid dividends of $0.2257 per Cumulative 5-Year Rate Reset Preferred Share, Series B, and $0.193803 per Cumulative Floating Rate Preferred Shares, Series C, payable on November 16, 2020, to preferred shareholders of record on October 30, 2020.

Previously, on July 30, 2020, the Board of Directors approved to temporarily suspend quarterly cash dividends on all classes of its preferred shares. The Company’s net working capital as at June 30, 2020 was $122.8 million. While this level of liquidity is sufficient to pay dividends, under Section 38(3) of the Business Corporations Act (Ontario), the Company's governing corporate statute, the Company cannot pay a dividend if there are reasonable grounds for believing that the net realizable value of the Company’s assets would be less than the aggregate of its liabilities and its legal stated capital of all classes of shares (common and preferred) as at September 30, 2020, the date on which its quarterly preferred share dividend would normally be paid.

In the event that the payment date is not a business day, such dividend shall be paid on the next succeeding day that is a business day.