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Mosaic Capital Corporation Announces Dividend and Change to Common Share Dividend Declaration and Payment Dates
Mosaic Capital Corporation Announces Dividend and Change to Common Share Dividend Declaration ...
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[{"type":"text","content":"Mosaic Capital Corporation Announces Dividend and Change to Common Share Dividend Declaration and Payment DatesMosaic Capital Corporation Announces Dividend and Change to Common Share Dividend Declaration and Payment Dates\nCalgary, Alberta CANADA, November 18, 2013 /FSC/ - Mosaic Capital Corporation  (M - TSX Venture, M.PR.A - TSX Venture), (\"Mosaic\"), announces that its Board of Directors has approved a change to the current common share dividend declaration and payment dates.  This is being done to align the dividend declaration dates with the release of Mosaic's quarterly financial results.  This change moves the dates forward by one month and will be implemented beginning in 2014 so that the first dividend declaration for 2014 will occur in February for the three-month period December 2013, January and February 2014.  Subsequent dividend declarations will occur every third month thereafter.  As a result of this change, the board of directors have declared a normalization dividend of $0.02 per common share for the month of November (equivalent to dividends for one month at the current quarterly rate of $0.06 per common share).  This dividend is to be made payable on December 16, 2013 to holders of common shares of record as of November 29, 2013.\nABOUT MOSAIC CAPITAL CORPORATION\nMosaic is an investment company based in western Canada that owns a portfolio of established businesses that have a history of generating cash flow from their operations.  Mosaic's objective is to create long term value for our shareholders and business partners and to have that reflected in our share price. We believe that this is achieved by growing free cash flow per share and retained earnings.  We do this by acquiring businesses that we understand at attractive prices and we manage our risk through extensive due diligence, creative transaction structuring and working closely with our businesses after acquisition.\nWe strongly encourage the management teams of our operating companies to continue to look for acquisitions that would facilitate their entry into new markets or increase their product or service offerings. We are actively looking for businesses in a variety of industries that fit our investment model. \nOur preferred acquisition criteria for such transac...