Mosaic Capital Corporation Confirms September 2015 Distribution in Respect of Its Preferred Securities
Calgary, Alberta (FSCwire) - Mosaic Capital Corporation ("Mosaic") (TSX-V Symbols: M, M.PR.A and M.WT) is pleased to announce that the cash distribution for the month of September 2015 in respect of its preferred securities will be paid on October 15, 2015 to all holders of preferred securities of record as of September 30, 2015. The September distribution will be $0.0833 per preferred security.
For Canadian income tax purposes the monthly distribution in respect of the preferred securities is considered interest income in the hands of the recipient.
Mosaic 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. In the last 30 days Mosaic has not purchased any preferred securities.
ABOUT MOSAIC CAPITAL CORPORATION
Mosaic is an investment company based in western Canada that owns a portfolio of established businesses with competitive advantages that have a history of generating cash flow from their operations. Mosaic's objective is to create long term value for its shareholders and business partners and to have that reflected in its share price. Mosaic believes that this is achieved by growing free cash flow per share and retained earnings. Mosaic does this by acquiring businesses it understands at attractive prices, managing risk through extensive due diligence, creative transaction structuring and working closely with subsidiary businesses after acquisition.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tim Taylor
Vice President
Mosaic Capital Corporation
400, 2424 – 4th Street SW
Calgary, AB T2S 2T4
T: (403) 270-4658
E: ttaylor@mosaiccapitalcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/mosaic09182015.pdf
Source: Mosaic Capital Corporation (TSX Venture:M) http://www.mosaiccapitalcorp.com/
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