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Mosaic Capital Corporation Announces Quarterly Dividend on its Common Shares, Dividend Reinvestment Plan and Other Matters
Mosaic Capital Corporation Announces Quarterly Dividend on its Common Shares, Dividend Rei...
About this update from Myriad Uranium Corp
[{"type":"text","content":"\n\n\n\nMosaic Capital Corporation Announces Quarterly Dividend on its Common Shares, Dividend Reinvestment Plan and Other Matters\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\nMosaic Capital Corporation Announces Quarterly Dividend on its Common Shares, Dividend Reinvestment Plan and Other Matters\nCanada NewsWire\nCALGARY, Dec. 6, 2016\n\n\n\nCALGARY, Dec. 6, 2016 /CNW/ - Mosaic Capital Corporation (\"Mosaic\") (TSX-V Symbols: M, M.PR.A and M.DB) is pleased to announce that its board of directors has approved a quarterly dividend on Mosaic's common shares (TSX-V Symbol: M) of $0.10 per share (or $0.40 per share on an annualized basis). This dividend will be paid December 30, 2016 to holders of record on December 15, 2016. The objective of paying a dividend is to allow common shareholders of Mosaic to participate in our free cash flow while ensuring Mosaic retains sufficient capital to preserve its strong balance sheet, continue its acquisition strategy and fund organic growth.\n\nMosaic's dividend on its common shares is designated to be an eligible dividend for purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.\n\nDividend Reinvestment Plan\n\nMosaic also announces that it has adopted a Dividend Reinvestment Plan (the \"Plan\"). The Plan will take effect beginning with the December dividend, with the dividend to be paid on December 30, 2016 to shareholders of record at the close of business on December 15, 2016. Eligible shareholders who wish to participate in the Plan must enroll in the Plan sufficiently in advance of the December 15, 2016 record date, as described in further details below.\n\nThe Plan provides eligible shareholders of Mosaic with an opportunity to receive, by reinvesting the quarterly cash dividends declared payable on their common shares of Mosaic, additional common shares of Mosaic. The Plan allows Mosaic to elect to have the common shares of Mosaic purchased on the open market or issued from treasury with or with...