April 14 (Reuters) - Ag Growth International Inc AFN.TO :
* AGI REVISES DIVIDEND POLICY; PROVIDES BUSINESS UPDATE
* CO ANNOUNCED A REDUCTION OF ITS DIVIDEND TO AN ANNUAL LEVEL OF $0.60 PER COMMON SHARE
* DIVIDEND WILL MOVE FROM MONTHLY TO QUARTERLY PAYMENTS
* AG GROWTH INTERNATIONAL - NEXT DIVIDEND OF $0.15 PER SHARE IS EXPECTED TO BE DECLARED IN JUNE 2020 AND PAYABLE ON JULY 15, 2020
* AG GROWTH INTERNATIONAL- PRODUCTION DELAYS IN INTERNATIONAL BUSINESS WILL HAVE MATERIAL IMPACT ON Q2 AS REVENUE HAS BEEN DELAYED
* AG GROWTH INTERNATIONAL- NEW CAPITAL PROJECTS, NEW HIRES ARE ALSO BEING RESTRICTED TO STRATEGIC EXCEPTIONS TO FURTHER PRIORITIZE CAPITAL AVAILABILITY
* AG GROWTH INTERNATIONAL- RESTARTED PRODUCTION IN INDIA, ITALY, BRAZIL AND FRANCE ALBEIT AT LESS THAN FULL CAPACITY