Altus Group Announces Second Quarter 2020 Dividend

TORONTO, June 18, 2020 (GLOBE NEWSWIRE) -- Altus Group Limited ("Altus Group" or "the Company") (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry, announced today that the Board of Directors has approved the payment of a cash dividend of $0.15 per common share for the second quarter ending June 30, 2020. 

Payment will be made on July 15, 2020 to common shareholders of record as at June 30, 2020.

Altus Group's Dividend Reinvestment Plan ("DRIP") permits eligible shareholders to direct their cash dividends to be reinvested in additional common shares of the Company. For shareholders who wish to reinvest their dividends under the DRIP, Altus Group intends to issue common shares from treasury at a price equal to 96% of the weighted average closing price of the shares for the five trading days preceding the dividend payment date.

Full details of the DRIP program are available on the Company website through the following link: https://www.altusgroup.com/wp-content/uploads/2019/08/drip-reinvestment-plan.pdf

Altus Group confirms that all dividends paid or deemed to be paid to its common shareholders qualify as ?eligible dividends? for purposes of subsection 89(14) of the Income Tax Act (Canada) and similar provincial and territorial legislation, unless indicated otherwise.

About Altus Group Limited

Altus Group Limited is a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,250 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world's largest real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.

For more information on Altus Group, please visit: www.altusgroup.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Altus Group Limited

Camilla Bartosiewicz
Vice President, Investor Relations
416-641-9773
[email protected]