Flow Capital Announces Cash Dividend on Series A Preferred Shares
22 Julho 2024 - 6:01PM
Flow Capital Corp. (TSXV: FW) ("Flow Capital" or the "Company"), a
leading provider of venture debt, announces a cash dividend of
$0.069 per Series A Preferred Share ("Preferred Shares"), paid on
July 16, 2024, to shareholders recorded as of June 30, 2024. This
dividend corresponds to the period from March 31, 2024 to June 30,
2024.
This dividend as an eligible dividend for the
purposes of the Income Tax Act (Canada) and relevant provincial or
territorial legislation. Consequently, Canadian residents who
receive this dividend may benefit from an enhanced dividend tax
credit.
The declaration and payment of dividends on the
Preferred Shares are subject to the discretion of the Company’s
board of directors. Future dividend declarations will depend on the
Company’s financial performance, cash requirements, prospects, and
other factors considered pertinent by the board.
About Flow Capital
Flow Capital Corp. is an internally managed
public venture debt lender dedicated to supporting high-growth
companies. Since its inception in 2018, the company has provided
financing to businesses in the US, the UK, and Canada, helping them
achieve accelerated growth without the dilutive impact of equity
financing or the complexities of traditional bank loans. Flow
Capital focuses on revenue-generating, VC-backed, and founder-owned
companies seeking $3 to $7 million in capital to drive their
continued expansion. For more information, visit
www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex BalutaChief Executive Officer, Flow Capital
Corp.alex@flowcap.com
47 Colborne Street, Suite 303Toronto, Ontario
M5E 1E3
Forward-Looking Information and
Statements
Certain statements herein may be
“forward-looking” statements that involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of Flow or the industry to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Forward looking statements involve significant risks
and uncertainties, should not be read as guarantees of future
performance or results, and will not necessarily be accurate
indications of whether or not such results will be achieved. A
number of factors could cause actual results to vary significantly
from the results discussed in the forward-looking statements. These
forward-looking statements reflect current assumptions and
expectations regarding future events and operating performance and
are made as of the date hereof and Flow assumes no obligation,
except as required by law, to update any forward-looking statements
to reflect new events or circumstances.
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