Business
Findev Inc. Announces 15th Consecutive Dividend
TORONTO, ON / ACCESSWIRE / May 20, 2020 / Findev Inc. (" Findev " or the " Corporation ") (T...
About this update from Findev Inc.
[{"type":"text","content":"Findev Inc. Announces 15th Consecutive DividendTORONTO, ON / ACCESSWIRE / May 20, 2020 / Findev Inc. (\"Findev\" or the \"Corporation\") (TSXV:FDI), is pleased to announce that on May 20th, the Directors of the Corporations declared the following dividends:Ex-Dividend DateDividend to Paid onDeclared paid per ShareEstimated Aggregated AmountJune 25, 2020July 10, 2020$0.0075$214,855.86September 25, 2020October 9, 20200.0075214,855.86December 30, 2020January 8, 20200.0075214,855.86March 25, 2021April 9, 20210.0075214,855.86After giving effect of the above mentioned dividend, it brings the cumulative capital returned to shareholders via dividends since December 2016 toDividend to Paid onConsecutive DividendCumulative Capital ReturnedJuly 10, 202015th$3,222,839October 9, 202016th3,427,694January 8, 202017th3,652,550April 9, 202118th3,867,405The above-mentioned dividend to be paid on the common shares of the Corporation is designated as an eligible dividend for the purpose of the Income Tax Act (Canada) and any similar provincial and territorial legislation.The declaration, amount and payment of future cash dividends are subject to the Board of Directors' continuing determination that the payment of dividends are in the best interests of the Corporation's shareholders and are in compliance with all laws and agreements of the Corporation applicable to the declaration and payment of such dividends.About FindevFindev is a publicly traded real estate finance company with a primary focused on financing real estate developers with one to five year terms during the development or redevelopment process as well as special situation loans. Loans are secured by either investment properties, real estate developments throughout the Greater Toronto Area and/or GSAs. Findev's unique market advantages include its expertise in real estate development and access to its real estate development partners. As a result, Findev is uniquely suited to assist developers engaged in challenging projects. For further information please visit Findev's website at www.findev.ca.On behalf of the Company,Sruli Weinreb, CEO(647) 789 - [email protected] THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.# # #Forw...