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TIMIA Capital Announces Quarterly Cash Dividends on Series A Preferred Shares
TIMIA Capital Announces Quarterly Cash Dividends on Series A Preferred Shares C...
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[{"type":"text","content":"\n \n \n \n TIMIA Capital Announces Quarterly Cash Dividends 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 ~ TIMIA to pay the cash dividend payment to shareholders of Series A Preferred Shares of record on\n \n June 23rd\n \n \n ~\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 3, 2022\n \n \n /CNW/ -\n \n TIMIA Capital Corporation (\"TIMIA\" or the \"Company\")\n \n (TSXV: TCA) (OTCQB: TIMCF), a leading innovator of technology in private credit, today announced that 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 June 30, 2022\n \n , to Series A preferred shareholders of record as at\n \n June 23, 2022\n \n . The Corporation's dividend payments qualify as an 'eligible dividend' for Canadian income tax purposes.\n \n \n \"We continue to see opportunities in the private credit sector to grow organically and through strategic acquisition,\" said\n \n Mike Walkinshaw\n \n , CEO of TIMIA. \"As we work to close the previously announced letters of intents to acquire Brightpath and a specialty credit company, we will leverage our loan origination platform to make those businesses more efficient and our company stronger. In the current rising rate environment our businesses continue to be very competitive within the private credit sector.\"\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 \n The Company democratizes private credit for investors by offering a broad range of specialty priva...