GLI Program Dividend Declared

April 3rd, 2013

Because the GLI Program’s equity is above the equity target, the Board of Directors declared a dividend in March. 

The $3M dividend will be payable to GLI members of record as of July 1, 2013 based on their contributions over the past 10 years, as outlined in the Program’s Memorandum of Understanding. Staff will be contacting members soon to determine how they would like to receive their dividend.