Magna International Inc. - OMEGA
Magna International Inc. - OMEGA
Magna International Inc. - OMEGA
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DIVIDENDS<br />
Holders of our Class A Subordinate Voting Shares and Class B Shares are entitled to a pro rated amount of any cash dividends<br />
declared by our Board of Directors on these shares. The following table sets forth the dividends per share we have paid on our<br />
Class A Subordinate Voting Shares and Class B Shares in respect of the fiscal periods indicated:<br />
Fiscal Period Payment Date Record Date Amount Per Share<br />
Calendar 2002 (to date) .................................. June 14, 2002 May 31, 2002 $0.34<br />
March 15, 2002 March 1, 2002 $0.34<br />
Calendar 2001 .................................................. December 14, 2001 November 30, 2001 $0.34<br />
September 17, 2001 August 31, 2001 $0.34<br />
June 15, 2001 May 31, 2001 $0.34<br />
March 16, 2001 March 5, 2001 $0.34<br />
Calendar 2000 .................................................. December 15, 2000 November 30, 2000 $0.34<br />
September 15, 2000 August 31, 2000 $0.30<br />
June 15, 2000 May 31, 2000 $0.30<br />
March 10, 2000 February 25, 2000 $0.30<br />
Calendar 1999 .................................................. December 15, 1999 November 30, 1999 $0.25<br />
September 15, 1999 August 31, 1999 $0.25<br />
June 15, 1999 May 31, 1999 $0.25<br />
We started paying cash dividends on our Class A Subordinate Voting Shares and Class B Shares (or their predecessors) on<br />
a quarterly basis in 1967. We have declared dividends in respect of each of the last 43 fiscal quarters, up to and including the first<br />
quarter of calendar 2002. The payment of future dividends and the amount thereof will be determined by our Board of Directors<br />
in accordance with our Corporate Constitution (see “ITEM 8. CORPORATE CONSTITUTION — Dividends; Minimum Profit<br />
Performance” below), taking into account earnings, cash flow, capital requirements, our financial condition and other relevant<br />
factors.<br />
In fiscal 1994, we established a dividend reinvestment plan in which registered shareholders have the option to purchase<br />
additional Class A Subordinate Voting Shares through the investment of cash dividends paid on their shares.<br />
ITEM 5. MANAGEMENT’S DISCUSSION AND ANALYSIS<br />
Reference is made to the “Management’s Discussion and Analysis of Results of Operations and Financial Condition”<br />
contained on pages 29 to 39 of our Annual Report to Shareholders for the Year Ended December 31, 2001, which is incorporated<br />
by reference into this Annual Information Form.<br />
ITEM 6. MARKET FOR SECURITIES<br />
Our Class A Subordinate Voting Shares are listed and posted for trading on The Toronto Stock Exchange (MG.A) and The<br />
New York Stock Exchange (MGA). Our Class B Shares are listed and posted for trading on The Toronto Stock Exchange (MG.B).<br />
The holders of our Class A Subordinate Voting Shares are entitled to one vote per share. The holders of our Class B Shares<br />
are entitled to 500 votes per share. Under present law and the attributes of our Class A Subordinate Voting Shares and Class B<br />
Shares, neither a tender offer to holders of our Class B Shares nor a private contract to purchase Class B Shares (regardless of<br />
the price paid for these shares) would necessarily result in an offer to purchase our Class A Subordinate Voting Shares.<br />
Our 8.65% Series A Preferred Securities due September 30, 2048 are listed and posted for trading on The Toronto Stock<br />
Exchange (MG.PR.A) and our 8.875% Series B Preferred Securities are listed and posted for trading on The New York Stock<br />
Exchange (MGPRB).<br />
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