TIMIA Capital Announces Quarterly Cash Dividend on Series A Preferred Shares
~TIMIA to Pay Cash Dividend to Series A Preferred Share Shareholders of Record on June 17 ~
VANCOUVER, BC, June 11, 2021 / CNW / – TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V: TCA) (OTCQB: TIMCF) announced today that the Board of Directors of the Company has declared a quarterly cash dividend of $ 0.02 per Series A Preferred Share (the “Preferred Shares”), payable on June 30, 2021, to Series A preferred shareholders of record on June 17, 2021. Dividend payments from the Company qualify as “eligible dividends” for Canadian income tax purposes.
The holders of preferred shares are entitled to receive non-cumulative fixed preferential cash dividends, if, as and when the board of directors of the Company declares them 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 that day is not a business day, the following business day, at the quarterly rate of $ 0.02 per preferred share.
About TIMIA Capital Corporation
TIMIA Capital Corporation has developed a proprietary loan origination platform that serves the private market, high yield loan opportunities, thereby gaining recurring fees and a share of profits. While focusing on the rapidly growing global business-to-business software as a service (or SaaS) segment, TIMIA’s automated loan origination system is applicable to multiple technology industries, it creates scalable and profitable growth for stakeholders. by TIMIA. For more information on TIMIA Capital Corporation, please visit www.timiacapital.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 release.
Certain information and statements contained in this press release contain and constitute forward-looking information or forward-looking statements as defined by applicable securities laws (collectively, “forward-looking statements”). Forward-looking statements normally contain words such as “believe”, “expect”, “anticipate”, “plan”, “intend”, “continue”, “, ‘and similar expressions, and in this press release, include any statement (express or implied) regarding making additional disbursements upon completion of certain milestones, creating future shareholder value, growing the company’s investment portfolio and expectations regarding further investments in the coming month. 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 be limited to the following assumptions: that the Company and its issuing companies are able to achieve their respective future objectives and priorities, their assumptions regarding general economic growth and the absence of unforeseen changes in the legislative and regulatory framework of the society. Although management believes that forward-looking statements are reasonable, actual results could be materially different due to the risks and uncertainties associated with and inherent in Timia’s business. The material risks and uncertainties applicable to the forward-looking statements set forth herein include, without limitation, the fact that the Company has insufficient financial resources to achieve its objectives; the availability of other suitable investments for the Company on terms that it deems acceptable or not at all; the success of the outflows of investments under conditions which constitute a gain whereas no outflow of this type is currently planned; intense competition in all aspects of business; the use of limited management resources; general economic risks; new laws and regulations and risk of litigation. Although Timia has attempted to identify the factors which may cause actual actions, events or results to differ materially from those disclosed in forward-looking statements, there may be other factors which may cause the actions, events or results are not as expected, expected, estimated or expected. In addition, many factors are beyond Timia’s control. Therefore, readers should not place undue reliance on forward-looking statements. Timia assumes no obligation to reissue or update forward-looking statements as a result of new information or events subsequent to the date hereof, except as required by law. All forward-looking statements contained in this press release are qualified by this cautionary statement.
SOURCE TIMIA Capital Corp.
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