Flow Capital Announces First Cash Dividend of $0.0718 per share on Series A Preferred Shares
October 11 2022 - 06:08PM
Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a
leading provider of flexible growth capital and alternative debt
solutions, announces that the Company’s board of directors has
declared a cash dividend of $0.0718 per Series A Preferred Shares
(the “Preferred Shares”), payable on October 15, 2022, to holders
of record of Preferred Shares as at September 30, 2022. The
Dividend represents the dividend payable on the Preferred Shares
for the period from June 28, 2022 to September 30, 2022.
This dividend is designated by the Company to be
an eligible dividend for the purpose 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.
The declaration and payment of dividends on the
Preferred Shares is at the discretion of the board of directors of
the Company and any future declaration of dividends on the
Preferred Shares will depend on the Company’s financial results,
cash requirements, future prospects and other factors deemed
relevant by the board of directors of the Company.
About
Flow Capital
Flow Capital Corp. is a diversified alternative
asset investor and advisor, specializing in providing minimally
dilutive capital to emerging growth businesses. For more
information on Flow Capital, please visit
www.flowcap.com.
For further information, please contact:
Flow Capital Corp.Alex BalutaChief Executive
Officeralex@flowcap.com
1 Adelaide Street East, Suite 3002,PO Box 171,Toronto, Ontario
M5C 2V9
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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