Enhancing total shareholder return through the return of capital is a key component in the Company’s five-year plan, which can be achieved through a combination of dividends and share buybacks.
Tamarack’s dividend policy undergoes a periodic review by the Board of Directors and is subject to change at any time depending upon the earnings of the Company, its financial requirements and other factors existing at the time. Prior to 2022, dividends had not been paid on the common shares of the Company. On October 27, 2021, the Board of Directors approved a dividend policy for the payment of Tamarack’s first regular monthly dividend.
This summary is of a general nature only and is not intended to be nor should it be construed to be legal or tax advice to any particular shareholder. Shareholders are encouraged to consult their own tax advisors regarding the tax consequences and reporting obligations to them of receiving cash dividends.
Unless otherwise indicated, dividends paid by Tamarack will be designated as “eligible dividends” for Canadian income tax purposes. An eligible dividend paid to a Canadian resident is entitled to the enhanced dividend credit.