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Montfort Capital Announces Quarterly Cash Dividends for Series A Class A Preferred Shares and Series 1 Class C Preferred Shares
Montfort Capital Announces Quarterly Cash Dividends for Series A Class A Preferred Shares and Ser...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n\n\n\n Montfort Capital Announces Quarterly Cash Dividends for Series A Class A Preferred Shares and Series 1 Class C 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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Nov. 27, 2024\n \n\n /CNW/ -\n \n Montfort Capital Corp. (\"Montfort\" or the \"Company\")\n \n (TSXV: MONT), a trusted provider of focused private credit strategies for institutional investors, family wealth offices, and wealth managers, today announced that the Company's board of directors has declared a quarterly cash dividend (the \"Class A Quarterly Dividend\") of\n \n $0.02\n \n per Series A Class A Preferred Shares (each, a \"Class A Preferred Share\"), payable on\n \n December 31, 2024\n \n to holders of Class A Preferred Shares of record as at\n \n December 17, 2024\n \n . The Class A 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 Class A 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 Class A Preferred Shares is targeted to be\n \n $0.08\n \n per Class A 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 Class A Preferred Share. The amount and distribution dates of future dividends remain at the discretion of the Company's board of directors.\n \n\n The Company's board of directors has also declared a quarterly cash dividend (the \"Class C Quarterly Dividend\") of\n \n $0.4971\n \n per Series 1 Class C Preferred Shares (each, a \"Class C Preferred Share\"), payable on\n \n December 31, 2024\n \n , to holders of Class C Preferred Shares of record as at\n \n December 17, 2024\n \n . The Class C Quarterly Dividend qualifies as an 'eligible dividend' for Canadian inco...