PHOENIX, March 30, 2016 /CNW/ - GWR Global Water
Resources Corp. (TSX: GWR) (the "Company") announced today that its
board of directors declared, under its approved dividend policy, a
monthly cash dividend on the common shares of the Company (the
"Shares") in the amount of CAD $0.0283 per Share (an annualized amount of CAD
$0.3396 per Share), which will be
payable on April 29, 2016, to holders
of record at the close of business on April
15, 2016. The dividend on the Shares is being made as
a result of the cash dividend declared by Global Water Resources,
Inc., which will be paid to all its shareholders. The Company
owns a 48% interest in Global Water Resources, Inc.
Pursuant to subsection 89(1) of the Canadian Income Tax Act
("ITA"), the dividend being paid is designated as an "eligible
dividend", as defined in subsection 89(1) of the ITA.
Holders of Shares who are non-residents of Canada will be subject to withholding taxes in
respect of any distributions made by GWR Global Water Resources
Corp.
About GWR Global Water Resources Corp.
The Company
was incorporated in British
Columbia to acquire shares of U.S. based Global Water
Resources, Inc. ("Global Water") and to actively participate in the
management, business and operations of Global Water through its
representation on the board of directors of Global Water and its
shared management of Global Water.
About Global Water
Global Water is a pure-play,
high-growth water resources company located in Phoenix, Arizona, that owns and operates
regulated water, wastewater and recycled water utilities in the
metropolitan Phoenix area.
SOURCE GWR Global Water Resources Corp.