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Mosaic Capital Corporation Confirms August 2016 Distribution in Respect of its Preferred Securities
Mosaic Capital Corporation Confirms August 2016 Distribution in Respect of its Preferred S...
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[{"type":"text","content":"\n\n\n\nMosaic Capital Corporation Confirms August 2016 Distribution in Respect of its Preferred Securities\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 Confirms August 2016 Distribution in Respect of its Preferred Securities\nCanada NewsWire\nCALGARY, Aug. 18, 2016\n\n\n\nCALGARY, Aug. 18, 2016 /CNW/ - Mosaic Capital Corporation (\"Mosaic\") (TSX-V Symbols: M and M.PR.A) is pleased to announce that the cash distribution for the month of August 2016 in respect of its preferred securities will be paid on September 15, 2016 to all holders of preferred securities of record as of August 31, 2016.  The August distribution will be $0.0833 per preferred security. \n\nFor Canadian income tax purposes the monthly distribution in respect of the preferred securities is considered interest income in the hands of the recipient.\n\nMosaic may from time to time acquire its preferred securities in the market at then current trading prices and enter into a pre-defined plan with its designated broker to allow for the purchase of preferred securities at times when Mosaic ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Such purchases may occur where Mosaic believes that the market price of the preferred securities is not fully reflective of their value such that the purchase of those securities could be an attractive and appropriate use of corporate funds and beneficial to Mosaic's existing security holders. Since the last press release regarding preferred security distributions, Mosaic has not purchased any preferred securities.\n\nABOUT MOSAIC CAPITAL CORPORATION\n\nMosaic is a Canadian investment company that owns a portfolio of established businesses which span a diverse range of industries and geographies. Mosaic's strategy is to create long-term value for its shareholders through accretive acquisitions, long-term portfolio ownership, sustained cash flows and organic portfolio growth. Mosaic achieves its objectives by maintaining financial discipline, acquiring bus...