Dividends

Common Dividend Policy

The declaration and payment of dividends on the Company’s common shares and the amount thereof are at the discretion of the Board of Directors which takes into account the Company’s financial results, capital requirements, available cash flow, future prospects of the Company’s business and other factors considered relevant from time to time.

The dividend policy of the Company undergoes a periodic review by the Board of Directors and is subject to change at any time depending upon the earnings of the Company, it’s financial requirements and other factors existing at the time. In September 2014, the Board of Directors approved a dividend policy for the payment of a regular quarterly dividend. It is anticipated that dividends will be paid in October, December, March and June of each fiscal year(1).

Designation of Dividends

Vecima Networks Inc. for the purposes of the Income Tax Act and any similar provincial legislation, advises that its dividends indicated as “Ineligible” are not eligible dividends.

History of Dividends/Distributions Paid or Declared

Record Date Payment Date Type Amount Status
February 27, 2017 March 20, 2017 Regular $0.055 Ineligible
November 24, 2016 December 20, 2016 Regular $0.055 Ineligible
October 12, 2016 November 2, 2016 Regular $0.055 Ineligible
May 26, 2016 June 20, 2016 Regular $0.055 Ineligible
February 25, 2016 March 21, 2016 Regular $0.055 Ineligible
November 27, 2015 December 21, 2015 Regular $0.055 Ineligible
October 9, 2015 October 30, 2015 Regular $0.055 Ineligible
May 26, 2015 June 19, 2015 Regular $0.045 Ineligible
February 24, 2015 March 20, 2015 Regular $0.045 Ineligible
November 26, 2014 December 20, 2014 Regular $0.045 Ineligible
October 6, 2014 October 28, 2014 Regular $0.045 Ineligible
December 24, 2013 December 31, 2013 Special $0.54 Return of Capital
December 6, 2013 December 31, 2013 Special $0.46 Ineligible
March 21, 2013 March 27, 2013 Special $1.00 Return of Capital

(1)The gap in dividend payment between June and October is due to the timing of the release of the Company’s annual financial statements which are due 90 days from year end. Quarterly financials are due 45 days from each quarter end.