~Monfort to pay the cash dividend
payment to shareholders of Series A Preferred Shares of
record on September 23rd ~
VANCOUVER, BC, Sept. 8,
2022 /CNW/ - Montfort Capital Corporation
("Montfort" or the "Company") (TSXV: MONT) (OTCQB: MONTF), a
leading innovator of technology in private credit, today announced
that the Company's board of directors has declared a quarterly cash
dividend of $0.02 per Series A
Preferred Shares ("Preferred Shares"), payable on September 29, 2022, to Series A preferred
shareholders of record as at September 23,
2022. The Corporation's dividend payments qualify as an
'eligible dividend' for Canadian income tax purposes.
Holders of Preferred Shares are entitled to receive fixed
non-cumulative preferential cash dividends, if, as and when
declared by the board of Directors of the Corporation at an annual
rate equal to $0.08 per Preferred
Share. Dividends, if declared, will be payable on the last day of
December, March, June and September in each year, or if such day is
not a business day, on the next business day, at a quarterly rate
of $0.02 per Preferred Share.
About Montfort Capital Corporation
Montfort manages a diversified family of
specialized private credit brands that utilize focused strategies
and experienced management teams combined with advanced technology
to improve fee related performance. Montfort facilitates transparency for all of
its investors through public company reporting. For further
information, please visit www.montfortcapital.com.
Neither the 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 news release.
Forward-Looking Information
Certain information and statements in this news release contain
and constitute forward-looking information or forward-looking
statements as defined under applicable securities laws
(collectively, "forward-looking statements"). Forward-looking
statements normally contain words like 'believe', 'expect',
'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may',
'will', 'should', 'ongoing' and similar expressions, and within
this news release include any statements (express or implied)
respecting the future growth of the Company, the Company's future
financial performance and the completion of the Company's
previously announced acquisitions,the belief that the Company's
business will get stronger in a rising rate environment, and the
future declaration of dividends.
Forward-looking statements are not guarantees of future
performance, actions, or developments and are based on
expectations, assumptions and other factors that management
currently believes are relevant, reasonable and appropriate in the
circumstances, including, without limitation, the following
assumptions: that the Company and its investee companies are able
to meet their respective future objectives and priorities,
assumptions concerning general economic growth and the absence of
unforeseen changes in the legislative and regulatory framework for
the Company; assumptions regarding the Company's ability to
complete its previously announced acquisition on terms favourable
to the Company.
Although management believes that the forward-looking statements
are reasonable, actual results could be substantially different due
to the risks and uncertainties associated with and inherent to
Montfort's business. Material
risks and uncertainties applicable to the forward-looking
statements set out herein include, but are not limited to, the
Company having insufficient financial resources to achieve its
objectives; availability of further investments that are
appropriate for the Company on terms that it finds acceptable or at
all; successful completion of exits from investments on terms that
constitute a gain when no such exits are currently anticipated;
intense competition in all aspects of business; reliance on limited
management resources; general economic risks; new laws and
regulations and risk of litigation. Although Montfort has attempted to identify factors
that may cause actual actions, events or results to differ
materially from those disclosed in the forward-looking statements,
there may be other factors that cause actions, events or results
not to be as anticipated, predicted, estimated or intended. Also,
many of the factors are beyond the control of Montfort. Accordingly, readers should not
place undue reliance on forward-looking statements. Montfort undertakes no obligation to reissue
or update any forward-looking statements as a result of new
information or events after the date hereof except as may be
required by law. All forward-looking statements contained in this
news release are qualified by this cautionary statement.
SOURCE Montfort Capital Corp.