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Dividend Having to pay Stocks Mosaic Funds Corporation Initiates Dividend Upon Common Shares
CALGARY, Alberta– (BUSINESS WIRE)– Mosaic Funds Corporation (” Mosaic “ ) (TSX-V Icons: M and Michael. PR. A ) is very happy to announce that it's Board of Company directors has adopted an insurance policy to pay a normal quarterly dividend upon Mosaic’ s typical shares (TSX-V Image: M) in this kind of amount as Mosaic’ s Board associated with Directors may every once in awhile determine. Today, Mosaic also introduced that its Panel of Directors has declared a preliminary quarterly cash dividend because of its common shares associated with $0. 02 per share to become paid on Feb 15, 2012 in order to holders of report on January thirty-one, 2012. The objective associated with paying a dividend would be to allow common shareholders from the company to take part in its free income, while ensuring Mosaic keeps sufficient capital in order to preserve its powerful balance sheet, carry on its acquisition technique and fund natural growth.
The actual $0. 02 per reveal dividend currently represents a little portion of Mosaic’ s distributable free income and the company intends to develop the dividend with time. A recent research report compiled by RBC Capital Marketplaces compared Dividend Having to pay Stocks to non-dividend paying stocks about the TSX Composite Catalog from June 1986 in order to June 2011. The study concluded that dividend having to pay stocks significantly outperformed their own market peers.
The actual continued diversification associated with Mosaic’ s portfolio associated with established businesses which have a history associated with generating strong sustainable free income from their procedures makes Mosaic a great vehicle for dividend development. Our financial placement remains strong along with current working capital by January 15, 2012 of around $14 million such as cash and cash equivalents of around $7 million. Our existing growth prospects will also be positive as we still improve operational performance within our existing businesses to check out additional acquisitions. We're well positioned in order to execute on the business plan of continuing to buy great businesses within niche markets along with strong management groups and growing income.
“ I'm very pleased in order to announce our brand new dividend policy and also the initial dividend to the common shareholders these days, ” commented Steve Mackay, Executive Chairman as well as CEO. Mr. Mackay additional, “ This happens to be part of the business plan. We feel that it's prudent to set up capital into businesses which have a history associated with growing sustainable free income, which operate in industries that people believe have great growth potential. In this way we believe which Mosaic’ s distributable free income per common share will still grow. We have started our dividend program having a small dividend using the view of growing it with time. Our objective would be to distribute a reasonable part of our sustainable free income while maintaining a powerful balance sheet to permit us to still achieve our development objectives. This will permit shareholders to benefit from a mix of dividend yield, dividend deliver growth and r
eveal price appreciation, which hopefully will provide exceptional total shareholder results. ”
REGARDING MOSAIC CAPITAL COMPANY
Mosaic is definitely an investment company located in western Canada which owns a profile of established companies with unique competitive advantages which have a history associated with generating strong sustainable income from their procedures. Mosaic’ s objective would be to create long term value for the shareholders and business partners and also to have that reflected within our share price. We think that this is accomplished by growing free income per share as well as retained earnings. We do that by acquiring businesses that people understand at appealing prices and all of us manage our danger through extensive research, creative transaction structuring as well as working closely with this businesses after purchase.
We highly encourage the management teams in our operating companies to continue to consider acquisitions that might facilitate their admittance into new marketplaces or increase their service or product offerings. We are actively searching for businesses in a number of industries that match our investment design.
Our favored acquisition criteria with regard to such transactions range from the following:
Demonstrated background of growing sustainable income and operating within an industry which all of us believe has great growth potential
A competent and experienced management team that's growth oriented
The company should have a substantial market share within its business region
A distinctive competitive advantage
Ability to develop the business without quite a lot of new capital
Neither the actual TSX Venture Trade nor its Legislation Services Provider (as which term is described in policies from the TSX Venture Exchange) accepts responsibility for that adequacy or accuracy of the release.
This pr release may contain forward-looking claims and forward-looking info, including statements and information concerning the future business programs and operations, in addition to opportunities and potential customers, of Mosaic and it is subsidiaries. The phrases “ believe”, “ expect”, “ intend”, “ estimate”, “ anticipate”, “ project”, “ scheduled”, as well as similar expressions, in addition to future or conditional verbs for example “ will”, “ should”, “ would”, as well as “ could” frequently identify forward-looking claims and forward-looking info. More particularly, as well as without limitation, this pr release contains forward-looking claims and information regarding Mosaic’ s current intend to declare quarterly dividends according of its common shares and also to grow its typical share dividend with time. However, the forward-
looking claims and information herein contained are just predictions and reflect the present beliefs of management regarding future events and provide information currently open to management. Actual results and events varies materially from individuals contemplated by these types of forward-looking statements and information because of these statements as well as information being subject to numerous risks and questions. Undue reliance shouldn't be placed on these types of forward-looking statements as well as forward-looking information as there might be no assurance how the plans, intentions or expectations where they are dependent will occur. Through their nature forward-looking claims and information include numerous assumptions as well as known and unfamiliar risks and questions, both general as well as specific, that contribute to the chance that the plans, forecasts, projections and additional forward-looking statements and information won't occur or arrived at fruit
ion. These dangers and uncertainties consist of, but are not limited by, general business as well as economic conditions within geographic areas where Mosaic and it is subsidiaries have procedures; pricing pressures along with other competitive factors; third parties faltering to honour their own contractual obligations with Mosaic and it is subsidiaries; the accessibility and cost associated with qualified labour; the actual continued ability associated with Mosaic’ s subsidiaries in order to retain existing, as well as secure new, company; results of management’ s on-going efforts to market, re-lease, lease and improve property owned and becoming acquired indirectly through Mosaic through it's subsidiaries; legislative or even regulatory developments; changes in prevailing rates of interest; and the accessibility and terms associated with financing. Should the risks or questions facing Mosaic and it is subsidiaries materialize, or even should assumptions fundam
ental the forward-looking claims or information show incorrect, actual outcomes, performance, activities or accomplishments could vary materially through those expressed or implied through the forward-looking statements or information found in this press discharge.
Readers are cautioned how the foregoing list of risks isn't exhaustive. Additional home elevators these and other factors that may affect the procedures or financial outcomes of Mosaic and it's subsidiaries are contained in reports on document with applicable investments regulatory authorities and could be accessed with the SEDAR website ( world wide web. sedar. com ) underneath the profile for Mosaic.
Although Mosaic believes how the expectations represented through any forward-looking-statements as well as forward-looking information included herein are reasonable in line with the information available for them on the date of the press release, administration cannot assure traders that actual outcomes, performance or achievements is going to be consistent with these types of forward-looking statements or even forward-looking information. Any forward-looking claims or information thus contained are presented by the date of the press release and Mosaic doesn't assume any responsibility to update or revise these phones reflect new info, events or conditions, except as required legally.
View this post on my blog: http://stocktips.valuegov.com/dividend-having-to-pay-stocks-mosaic-funds-corporation-initiates/
CALGARY, Alberta– (BUSINESS WIRE)– Mosaic Funds Corporation (” Mosaic “ ) (TSX-V Icons: M and Michael. PR. A ) is very happy to announce that it's Board of Company directors has adopted an insurance policy to pay a normal quarterly dividend upon Mosaic’ s typical shares (TSX-V Image: M) in this kind of amount as Mosaic’ s Board associated with Directors may every once in awhile determine. Today, Mosaic also introduced that its Panel of Directors has declared a preliminary quarterly cash dividend because of its common shares associated with $0. 02 per share to become paid on Feb 15, 2012 in order to holders of report on January thirty-one, 2012. The objective associated with paying a dividend would be to allow common shareholders from the company to take part in its free income, while ensuring Mosaic keeps sufficient capital in order to preserve its powerful balance sheet, carry on its acquisition technique and fund natural growth.
The actual $0. 02 per reveal dividend currently represents a little portion of Mosaic’ s distributable free income and the company intends to develop the dividend with time. A recent research report compiled by RBC Capital Marketplaces compared Dividend Having to pay Stocks to non-dividend paying stocks about the TSX Composite Catalog from June 1986 in order to June 2011. The study concluded that dividend having to pay stocks significantly outperformed their own market peers.
The actual continued diversification associated with Mosaic’ s portfolio associated with established businesses which have a history associated with generating strong sustainable free income from their procedures makes Mosaic a great vehicle for dividend development. Our financial placement remains strong along with current working capital by January 15, 2012 of around $14 million such as cash and cash equivalents of around $7 million. Our existing growth prospects will also be positive as we still improve operational performance within our existing businesses to check out additional acquisitions. We're well positioned in order to execute on the business plan of continuing to buy great businesses within niche markets along with strong management groups and growing income.
“ I'm very pleased in order to announce our brand new dividend policy and also the initial dividend to the common shareholders these days, ” commented Steve Mackay, Executive Chairman as well as CEO. Mr. Mackay additional, “ This happens to be part of the business plan. We feel that it's prudent to set up capital into businesses which have a history associated with growing sustainable free income, which operate in industries that people believe have great growth potential. In this way we believe which Mosaic’ s distributable free income per common share will still grow. We have started our dividend program having a small dividend using the view of growing it with time. Our objective would be to distribute a reasonable part of our sustainable free income while maintaining a powerful balance sheet to permit us to still achieve our development objectives. This will permit shareholders to benefit from a mix of dividend yield, dividend deliver growth and r
eveal price appreciation, which hopefully will provide exceptional total shareholder results. ”
REGARDING MOSAIC CAPITAL COMPANY
Mosaic is definitely an investment company located in western Canada which owns a profile of established companies with unique competitive advantages which have a history associated with generating strong sustainable income from their procedures. Mosaic’ s objective would be to create long term value for the shareholders and business partners and also to have that reflected within our share price. We think that this is accomplished by growing free income per share as well as retained earnings. We do that by acquiring businesses that people understand at appealing prices and all of us manage our danger through extensive research, creative transaction structuring as well as working closely with this businesses after purchase.
We highly encourage the management teams in our operating companies to continue to consider acquisitions that might facilitate their admittance into new marketplaces or increase their service or product offerings. We are actively searching for businesses in a number of industries that match our investment design.
Our favored acquisition criteria with regard to such transactions range from the following:
Demonstrated background of growing sustainable income and operating within an industry which all of us believe has great growth potential
A competent and experienced management team that's growth oriented
The company should have a substantial market share within its business region
A distinctive competitive advantage
Ability to develop the business without quite a lot of new capital
Neither the actual TSX Venture Trade nor its Legislation Services Provider (as which term is described in policies from the TSX Venture Exchange) accepts responsibility for that adequacy or accuracy of the release.
This pr release may contain forward-looking claims and forward-looking info, including statements and information concerning the future business programs and operations, in addition to opportunities and potential customers, of Mosaic and it is subsidiaries. The phrases “ believe”, “ expect”, “ intend”, “ estimate”, “ anticipate”, “ project”, “ scheduled”, as well as similar expressions, in addition to future or conditional verbs for example “ will”, “ should”, “ would”, as well as “ could” frequently identify forward-looking claims and forward-looking info. More particularly, as well as without limitation, this pr release contains forward-looking claims and information regarding Mosaic’ s current intend to declare quarterly dividends according of its common shares and also to grow its typical share dividend with time. However, the forward-
looking claims and information herein contained are just predictions and reflect the present beliefs of management regarding future events and provide information currently open to management. Actual results and events varies materially from individuals contemplated by these types of forward-looking statements and information because of these statements as well as information being subject to numerous risks and questions. Undue reliance shouldn't be placed on these types of forward-looking statements as well as forward-looking information as there might be no assurance how the plans, intentions or expectations where they are dependent will occur. Through their nature forward-looking claims and information include numerous assumptions as well as known and unfamiliar risks and questions, both general as well as specific, that contribute to the chance that the plans, forecasts, projections and additional forward-looking statements and information won't occur or arrived at fruit
ion. These dangers and uncertainties consist of, but are not limited by, general business as well as economic conditions within geographic areas where Mosaic and it is subsidiaries have procedures; pricing pressures along with other competitive factors; third parties faltering to honour their own contractual obligations with Mosaic and it is subsidiaries; the accessibility and cost associated with qualified labour; the actual continued ability associated with Mosaic’ s subsidiaries in order to retain existing, as well as secure new, company; results of management’ s on-going efforts to market, re-lease, lease and improve property owned and becoming acquired indirectly through Mosaic through it's subsidiaries; legislative or even regulatory developments; changes in prevailing rates of interest; and the accessibility and terms associated with financing. Should the risks or questions facing Mosaic and it is subsidiaries materialize, or even should assumptions fundam
ental the forward-looking claims or information show incorrect, actual outcomes, performance, activities or accomplishments could vary materially through those expressed or implied through the forward-looking statements or information found in this press discharge.
Readers are cautioned how the foregoing list of risks isn't exhaustive. Additional home elevators these and other factors that may affect the procedures or financial outcomes of Mosaic and it's subsidiaries are contained in reports on document with applicable investments regulatory authorities and could be accessed with the SEDAR website ( world wide web. sedar. com ) underneath the profile for Mosaic.
Although Mosaic believes how the expectations represented through any forward-looking-statements as well as forward-looking information included herein are reasonable in line with the information available for them on the date of the press release, administration cannot assure traders that actual outcomes, performance or achievements is going to be consistent with these types of forward-looking statements or even forward-looking information. Any forward-looking claims or information thus contained are presented by the date of the press release and Mosaic doesn't assume any responsibility to update or revise these phones reflect new info, events or conditions, except as required legally.
View this post on my blog: http://stocktips.valuegov.com/dividend-having-to-pay-stocks-mosaic-funds-corporation-initiates/
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