CALGARY, Nov. 5, 2018 /CNW/ - Mosaic Capital Corporation
("Mosaic") (TSX-V Symbols: M and M.DB) is
pleased to announce that its board of directors has approved a
monthly dividend on Mosaic's common shares of $0.035 per share (or $0.42 per share on an annualized basis). This
dividend will be paid November 30,
2018 to holders of record on November
15, 2018. The objective of paying a dividend is to allow
common shareholders of Mosaic 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.
Mosaic's dividend on its common shares is designated to be an
eligible dividend for purposes 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.
ABOUT MOSAIC CAPITAL CORPORATION
Mosaic is a Canadian investment company that owns a portfolio of
established businesses which span a diverse range of industries and
geographies. Mosaic's strategy is to create long-term value for its
shareholders through accretive acquisitions, long-term portfolio
ownership, sustained cash flows and organic portfolio growth.
Mosaic achieves its objectives by maintaining financial discipline,
acquiring businesses at attractive valuations, performing extensive
acquisition due diligence, utilizing optimal transaction
structuring and working closely with subsidiary businesses after
acquisition.
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.
SOURCE Mosaic Capital Corporation
