Business
Crown Capital Increases Quarterly Dividend by 15% to $0.15 Per Share
Crown Capital Increases Quarterly Dividend by 15% to $0.15 Per Share Canada NewsWi...

About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n\n\n\nCrown Capital Increases Quarterly Dividend by 15% to $0.15 Per Share\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Feb. 6, 2018\n\n\n\nThird dividend increase since February 2017 underscores continued growth of the portfolio and strong income generation\n\n\n\nCALGARY, Feb. 6, 2018 /CNW/ - Crown Capital Partners Inc. (\"Crown\" or the \"Corporation\") (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced that its Board of Directors has declared a dividend of $0.15 per common share, payable on March 2, 2018 to all shareholders of record as of the close of business on February 16, 2018. This dividend represents an increase of 15% over Crown's previous quarterly dividend of $0.13 per share.\n\n\"Since the beginning of last year, we have increased the dividend three times for a total increase of 36%, reflecting our success in building the investment portfolio and our positive outlook for continued growth,\" said Chris Johnson, President and CEO of Crown. \"We enable entrepreneurs and mid-market businesses to grow and create value, and we see increasing demand for our capital solutions. As we further scale the business, we expect to provide Crown investors with an increasing dividend, combined with continued growth in our book value.\" \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: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group o...