FoR INVESTORS

Dividend Payments

On July 27, 2005, the Board of Directors of PFB Corporation approved a change to the dividend policy. The annual dividend, previously paid in March each year, was replaced by a quarterly dividend payment.

The Corporation commenced paying regular annual dividends in 1997. The following table summarizes the ordinary and special dividends per common share that have been paid since 1997:

Month / Year Paid Ordinary Dividend Special Dividend Total Dividend
February 2015 $0.06 - $0.06
November 2014 $0.06 - $0.06
August 2014 $0.06 - $0.06
May 2014 $0.06 - $0.06
February 2014 $0.06 - $0.06
November 2013 $0.06 - $0.06
August 2013 $0.06 - $0.06
May 2013 $0.06 $1.00 $1.06
February 2013 $0.06 - $0.06
November 2012 $0.06 - $0.06
August 2012 $0.06 - $0.06
May 2012 $0.06 - $0.06
February 2012 $0.06 - $0.06
November 2011 $0.06 - $0.06
August 2011 $0.06 - $0.06
May 2011 $0.06 - $0.06
February 2011 $0.06 - $0.06
November 2010 $0.06 - $0.06
August 2010 $0.06 - $0.06
May 2010 $0.06 - $0.06
February 2010 $0.06 - $0.06
November 2009 $0.06 - $0.06
August 2009 $0.06 - $0.06
May 2009 $0.06 - $0.06
February 2009 $0.06 - $0.06
November 2008 $0.06 - $0.06
August 2008 $0.06 - $0.06
May 2008 $0.06 - $0.06
February 2008 $0.06 - $0.06
November 2007 $0.06 - $0.06
August 2007 $0.06 - $0.06
May 2007 $0.06 - $0.06
February 2007 $0.06 - $0.06
November 2006 $0.06 - $0.06
August 2006 $0.06 - $0.06
May 2006 $0.06 - $0.06
February 2006 $0.06 - $0.06
November 2005 $0.06 - $0.06
August 2005 $0.06 - $0.06
March 2005 $0.15 $0.07 $0.22
March 2004 $0.15 $0.07 $0.22
March 2003 $0.15 $0.07 $0.22
March 2002 $0.15 $0.07 $0.20
March 2001 $0.15 $0.75 $0.90
August 2000 - $1.25 $1.25
March 2000 $0.10 - $0.10
March 1999 $0.10 - $0.10
March 1998 $0.10 - $0.10
March 1997 $0.10 - $0.10

The Board of Directors reviews the Corporation’s dividend policy from time to time in the context of the Corporation’s earnings, financial condition and other relevant factors.

Eligible Dividends

Dividends paid by PFB Corporation qualify as eligible dividends and satisfy the enhanced gross-up and dividend tax credit change enacted under Canadian tax law.