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Montfort Capital Announces Quarterly Cash Dividend on Series A Class A Preferred Shares
Montfort Capital Announces Quarterly Cash Dividend on Series A Class A Preferred Shares ...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n \n \n \n Montfort Capital Announces Quarterly Cash Dividend on Series A Class A Preferred Shares\n \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 Canada NewsWire\n \n \n \n \n \n ~Montfort\n \n \n to pay cash dividend payment to Series A Class A Preferred Shareholders\n \n \n of record on June 21st~\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 8, 2023\n \n \n /CNW/ -\n \n Montfort Capital Corp. (\"Montfort\" or the \"Company\")\n \n (TSXV: MONT) (OTCQB: MONTF), a leading alternative lender utilizing focused strategies, experienced management teams and advanced technology, today announced that the Company's board of directors has declared a quarterly cash dividend (the \"Quarterly Dividend\") of\n \n $0.02\n \n per Series A Class A Preferred Shares (each, a \"Preferred Shares\"), payable on\n \n June 30, 2023\n \n , to holders of Preferred Shares of record as  at\n \n June 21, 2023\n \n . The Quarterly Dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.\n \n \n \n \n \n \n \n \n \n Holders of the Preferred Shares are entitled to receive fixed non-cumulative preferential cash dividends, if, as and when declared by the board of directors of the Company (the \"Board\"). Under the Company's dividend policy, the annual dividend rate for the Preferred Shares is targeted to be\n \n $0.08\n \n per Preferred Share and dividends, if declared, will be payable on the last day of December, March, June and September in each year, or if such day is not a business day, on the next business day, at a quarterly rate of\n \n $0.02\n \n per Preferred Share. The amount and distribution dates of future dividends remain at the discretion of the Company's board of directors.\n \n \n \n About Montfort Capital Corp.\n \n \n \n \n Montfort\n \n manages a diversified group of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee-related performance.\n \n Montfort\n \n facilitates transparency for all of its investors thr...