Corporate and Stock Events First Service Colliers

Colliers Unaudited Historical Quarterly Earnings and Segment Results

The unaudited historical quarterly earnings summary and segment results summary reflect the continuing operations of Colliers International Group Inc. The operations of FirstService, which were spun off on June 1, 2015, are presented as discontinued operations for all periods.

Historical quarterly earnings summary
Segments results summary

Separation of FirstService Into Two New independent Public Companies – Colliers International and New FirstService – April 2015

On April 21, 2015, the shareholders of FirstService approved a proposal to separate the Company into two new independent public companies – Colliers International and "new" FirstService. On June 1, 2015, the Subordinate Voting Shares of "old" FirstService ceased trading on the TSX and NASDAQ. The "new" FirstService Subordinate Voting Shares and colliers International Subordinate Voting Shares began regular trading on the TSX and NASDAQ at the commencement of trading on June 2, 2015. The "new" FirstService Subordinate Voting Shares trade under the symbol FSV on both the TSX and NASDAQ, and the Colliers International Subordinate Voting Shares trade under the symbol CIG on the TSX and the symbol CIGI on NASDAQ.

Adjusted Cost Basis Allocation for Canadian Income Tax Purposes [pdf]
IRS Form 8937 -- Report of Organizational Actions Affecting Basis of Securities

Tax Treatment of Dividends

Canada

For the purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, all dividends (and deemed dividends) paid by the Company to Canadian residents on its subordinate voting shares, multiple voting shares and preferred shares are designated as "eligible dividends". Unless stated otherwise, all dividends (and deemed dividends) paid by the Company are designated as "eligible dividends" for the purposes of such rules.

U.S.

Subordinate voting share dividends paid to US holders may be subject to withholding tax.

Message to Non-Canadian Shareholders of Subordinate Voting Shares

Legacy FirstService Events

Redemption & Conversion of Preferred Shares - Announced April 2013
Preferred share redemption and conversion example
IRS Form 8937 -- Report of Organizational Actions Affecting Basis of Securities

FirstService strengthens its balance sheet and increases its market capitalization by simplifying its capital structure in a two-step process: a) a partial redemption of 30% of the preferred shares for cash; b) the conversion of all remaining preferred shares (70%) into subordinate voting shares.

Convertible Debentures - redeemed September 2013

In November 2009, the Company completed an offering of US$77 million of 6.5% Convertible Unsecured Subordinated Debentures maturing December 31, 2014. The debentures were redeemed by the Company on September 24, 2013 in accordance with the redemption rights attached to the debentures. Prior to redemption, substantially all holders exercised their right to convert, resulting in the issuance of 2.74 million subordinate voting shares.

Stock Dividend - June 2007

The Board of Directors of FirstService declared a stock dividend of one preferred share for every five outstanding subordinate voting shares or multiple voting shares of FirstService. The stock dividend was payable on August 1, 2007 to shareholders of record at the close of business on July 25, 2007.

Stock Split - December 2004

The Board of Directors declared a stock dividend doubling the number of FirstService's outstanding subordinate voting shares and multiple voting shares and effectively achieving a 2- for-1 stock split.