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Crown Capital Announces Dividend Policy and Declares First Dividend
Crown Capital Announces Dividend Policy and Declares First Dividend Crown Capital ...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n\n\n\nCrown Capital Announces Dividend Policy and Declares First Dividend\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCrown Capital Announces Dividend Policy and Declares First Dividend\nCanada NewsWire\nCALGARY, Jan. 5, 2016\n\n\n\nCALGARY, Jan. 5, 2016 /CNW/ - Crown Capital Partners Inc. (\"Crown\" or \"the Company\") (TSX: CRN), which provides growth capital to successful mid-market companies, today announced that its Board of Directors has approved the initiation of a quarterly cash dividend of $0.11 per common share. Concurrently, the Company declared its first dividend of $0.11 per common share, payable on January 29, 2016 to all shareholders of record as of the close of business on January 18, 2016.\n\n\"Establishing a dividend was an important objective from the initial public offering and reflects the continued execution of the plan we articulated to shareholders,\" said Chris Johnson, Crown's President & CEO. \"We continue to deploy capital in high-quality mid-market companies, and expect to return a substantial portion of our cash flow to our shareholders through dividends.\"\n\nThis dividend is designated by the Company to be an \"eligible dividend\" pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial or territorial legislation pertaining to eligible dividends. Shareholders with questions regarding the tax treatment of dividends should consult with their own tax advisors.\n\nABOUT CROWN\n\nCrown (TSX: CRN) is a specialty finance company focused primarily on providing capital to successful Canadian and select U.S. companies which are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored transitory and permanent financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution. To find out ...