Business
Mosaic Capital Corporation Moves to a Monthly Common Share Dividend and Increases Dividend by 5%
Mosaic Capital Corporation Moves to a Monthly Common Share Dividend and Increases Dividend...
About this update from Myriad Uranium Corp
[{"type":"text","content":"\n\n\n\nMosaic Capital Corporation Moves to a Monthly Common Share Dividend and Increases Dividend by 5%\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\n\nCanada NewsWire\nCALGARY, Feb. 23, 2017\n\n\n\nCALGARY, Feb. 23, 2017 /CNW/ - Mosaic Capital Corporation (\"Mosaic\") (TSX-V Symbols: M and M.DB) is pleased to announce that its Board of Directors has approved changing the common share dividend payments from a quarterly basis to a monthly basis and will increase the common share dividend, on an annual basis, by 5% from $0.40 per annum to $0.42 per annum.  \n\nThe final quarterly dividend will be in the amount of $0.105 per share ($0.42 per share on an annualized basis).  This quarterly dividend will be for shareholders of record as of March 15, 2017 and will be paid March 31, 2017.\n\nThe first monthly dividend payment of $0.035 per share ($0.42 per share on an annualized basis) will be paid on April 28, 2017 to shareholders of record on April 14, 2017.  \n\nThe objective of paying a dividend is to allow common shareholders of the company 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 Reinvestment Plan announced on December 6, 2016 will continue to be offered to shareholders. The Plan provides eligible shareholders of Mosaic with an opportunity to receive, by reinvesting the 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.\n\nRegistered shareholders who wish to enroll in the Plan must notify Computershare Trust Company of Canada by providing a duly completed enrollment form, a copy of which is available on Mosaic's website at www.mosaiccapitalcorp.com.\n\nMosaic's dividend is designated by the Corporation to be an eligible dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislat...