10 unchanged sentences
On February 15, 2023, we announced that our Board of Directors approved a regular quarterly cash dividend of $0.255 per common share.
−Removed: All dividends paid by the Company on its common shares after June 1, 2016 are designated as “eligible dividends” for Canadian federal income tax purposes and such treatment will continue unless a notification of change is posted on our website.
+Added: All dividends paid by us on our common shares after June 1, 2016 are designated as “eligible dividends” for Canadian federal income tax purposes and such treatment will continue unless a notification of change is posted on our website.
Our Board of Directors will review the cash dividend periodically, with a long-term objective of increasing the amount of the dividend.
−Removed: We cannot assure you as to the amounts or timing of future dividends.
−Removed: We have the ability under our Credit Agreement (as defined below) to repurchase our common shares and pay dividends provided we maintain specified financial ratios.
−Removed: On July 27, 2021, our Board of Directors approved, subject to receipt of regulatory approvals, the annual renewal of our normal course issuer bid (“NCIB”) to purchase up to 13,025,895 of our common shares during the period of August 10, 2021 to August 9, 2022 or until such earlier time as the NCIB is completed or terminated at our option.
−Removed: The renewal followed the conclusion of our NCIB that expired August 9, 2021.
−Removed: We received TSX approval for our annual renewal of the NCIB on August 6, 2021.
−Removed: Under the NCIB, we may make share repurchases only in the open market, including on the NYSE, the TSX, and/or alternative Canadian trading systems, at the prevailing market price at the time of the transaction.
−Removed: The timing and amounts of any repurchases pursuant to the NCIB will depend on many factors, including our capital structure, the market price of the common shares and overall market conditions.
−Removed: All common shares purchased under the NCIB shall be immediately cancelled following their repurchase.
−Removed: As of December 31, 2021, we have repurchased 3.0 million of our common shares pursuant to the NCIB in effect during that period at an aggregate cost of $339.0 million, or an average price of $112.85 per share.
−Removed: The table below reflects repurchases we made during the three months ended December 31, 2021 (in thousands of U.S.
−Removed: dollars, except share and per share amounts):
−Removed: Total Number of
−Removed: Maximum Number
−Removed: Shares Purchased
−Removed: of Shares that
−Removed: as Part of Publicly
−Removed: Purchased Under
−Removed: Per Share (1)
−Removed: 10/1/21 - 10/31/21
−Removed: 11/1/21 - 11/30/21
−Removed: 12/1/21 - 12/31/21
−Removed: (1) This amount represents the weighted average price paid per common share.
−Removed: This price includes a per share commission paid for all repurchases.
+Added: We cannot assure as to the amounts or timing of future dividends.
+Added: We have the ability under our Credit Agreement and Term Loan Agreement (both as defined below) to repurchase our common shares and pay dividends provided we maintain specified financial ratios.
+Added: On July 26, 2022, our Board of Directors approved, subject to receipt of regulatory approvals, the annual renewal of our normal course issuer bid, or the NCIB, to purchase up to 12,859,066 of our common shares during the period of August 10, 2022 to August 9, 2023 or until such earlier time as the NCIB is completed or terminated at our option.
+Added: Shareholders may obtain a copy of our TSX Form 12 – Notice of Intention to Make a Normal Course Issuer Bid, without charge, by request directed to our Executive Vice President and Chief Financial Officer at (832) 442-2200.
+Added: The timing and amounts of any repurchases pursuant to the NCIB will depend on many factors, including our capital structure, the market price of our common shares and overall market conditions.
+Added: All common shares purchased under the NCIB will be immediately cancelled following their repurchase.
+Added: Information regarding our NCIB plan can be found under the section Normal Course Issuer Bid in Note 14, “Shareholders’ Equity,” of our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K and is incorporated herein by reference.
Performance Graph
1 unchanged sentence
Waste and Disposal Services Index.
−Removed: The graph depicts a five-year comparison of cumulative total returns for the Company’s common shares.
−Removed: The graph assumes an investment of US$100 in our common shares on December 31, 2016, and the reinvestment of all dividends.
−Removed: This chart has been calculated in compliance with SEC requirements and prepared by Capital IQ ® using the USD index in the case of the S&P/TSX 60 Index.
+Added: The graph depicts a five-year comparison of cumulative total returns for our common shares.
+Added: The graph assumes an investment of $100 in our common shares on December 31, 2017, and the reinvestment of all dividends.
+Added: This chart has been calculated in compliance with SEC requirements and prepared by S&P Global Inc.
+Added: using the USD index in the case of the S&P/TSX 60 Index.
This graph and the accompanying text is not “soliciting material,” is not deemed filed with the SEC, and is not to be incorporated by reference in any filing by us under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.