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TIMIA Capital Announces Quarterly Cash Dividend on Series A Preferred Shares
TIMIA Capital Announces Quarterly Cash Dividend on Series A Preferred Shares Ca...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n \n \n \n TIMIA Capital Announces Quarterly Cash Dividend on Series 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 ~TIMIA to pay the cash dividend payment to shareholders of Series A Preferred Shares of record on December 15th~\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 10, 2021\n \n /CNW/ -\n \n TIMIA Capital Corporation (\"TIMIA\" or the \"Company\")\n \n (TSXV: TCA) (OTCQB: TIMCF) today announced the Company's board of directors has declared a quarterly cash dividend of\n \n $0.02\n \n per Series A Preferred Shares (\"Preferred Shares\"), payable on\n \n December 31, 2021\n \n , to Series A preferred shareholders of record as at\n \n December 15, 2021\n \n . The Corporation's dividend payments qualify as an 'eligible dividend' for Canadian income tax purposes.\n \n \n Holders of Preferred Shares are entitled to receive fixed non-cumulative preferential cash dividends, if, as and when declared by the board of Directors of the Corporation at an annual rate equal to\n \n $0.08\n \n per Preferred Share. 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.\n \n \n \n About TIMIA Capital Corporation\n \n \n The Company utilizes a proprietary loan origination platform to originate, underwrite and service private-market, high-yield loan opportunities through two operating divisions: TIMIA Capital which offers revenue-based investment to fast growing, business-to-business Software-as-a-Service (or SaaS) businesses in\n \n North America\n \n , and Pivot Financial which specializes in asset-based private credit targeting mid-market borrowers in\n \n Canada\n \n . The Corporation deploys funds on behalf of limited partnerships, institutions, retail investors, high net worth individuals, its management team and shareholders. For more information about TIMIA and SaaS lending, please visit\n...