~TIMIA will pay a cash dividend to Series A preferred shareholders on June 17~
Vancouver, British Columbia, June 11, 2021 / CNW /- TIMIA Capital Corporation (“TIMIA” or “Company”) (Toronto Stock Exchange:Trichloroethylene) (Over-the-counter market:Timka) Announced today that the company’s board of directors has declared a quarterly cash dividend as 0.02 USD Each series of A preferred shares (“preferred shares”), paid in June 30, 2021, To Series A preferred shareholders June 17, 2021The company’s dividend pays a “qualified dividend” that meets Canadian income tax purposes.
Holders of preference shares are entitled to a fixed non-cumulative preference cash dividend, provided that the annual interest rate announced by the company’s board of directors is equal to 0.08 USD Per share of preferred stock.If a dividend is declared, it will be paid on the last day of December, March, June and September each year. If that day is not a business day, it will be paid quarterly on the next business day 0.02 USD Per share of preferred stock.
About TIMIA Capital Corporation
TIMIA Capital Corporation has developed a proprietary loan origination platform to provide services for the private market and high-yield loan opportunities, thereby earning recurring fees and a portion of profits. While focusing on the fast-growing global business-to-business software-as-a-service (or SaaS) market segment, TIMIA’s automated loan origination system is suitable for multiple technical fields, and it creates scalable and profitable TIMIA stakeholders growth of.For more information about TIMIA Capital Corporation, please visit www.timiacapital.com
Neither TSX Venture Exchange nor its regulatory service provider (as the term is defined in the policies of TSX Venture Exchange) is responsible for the adequacy or accuracy of this press release.
Certain information and statements in this press release contain and constitute forward-looking information or forward-looking statements as defined by applicable securities laws (collectively referred to as “forward-looking statements”). Forward-looking statements usually include “believe”, “anticipate”, “anticipate”, “plan”, “intend”, “continue”, “estimate”, “may”, “will”, “should”, “ongoing”, etc. Words’ and similar expressions, and include in this press release any statement (explicit or implied) about future payments after completion of certain milestones, creation of future value for shareholders, growth of the company’s investment portfolio, and expectations for further investment Months. Forward-looking statements are not guarantees of future performance, actions or development, but are based on expectations, assumptions and other factors that management currently believes to be relevant, reasonable and appropriate under such circumstances, including but not limited to the following assumptions: Investment companies are able to achieve their future goals and priorities, assumptions about overall economic growth, and company legislation and regulatory frameworks have not undergone unforeseen changes. Although management believes that the forward-looking statements are reasonable, actual results may vary significantly due to risks and uncertainties associated with and inherent in Timia’s business. The major risks and uncertainties applicable to the forward-looking statements described in this article include, but are not limited to, the company’s inadequate financial resources to achieve its goals; whether there is further investment suitable for the company under conditions that it considers acceptable or fully acceptable ; Under the circumstances that no such exit is currently expected, successfully exit the investment on the condition that constitutes income; all aspects of business competition are fierce; rely on limited management resources; general economic risks; new laws and regulations and litigation risks. Although Timia has tried to identify factors that may cause actual actions, events, or results to be materially different from those disclosed in forward-looking statements, there may be other factors that cause actions, events, or results to differ from expectations, forecasts, estimates, or plans. In addition, many factors are beyond Timia’s control. Therefore, readers should not rely excessively on forward-looking statements. Except as required by law, Timia assumes no obligation to republish or update any forward-looking statements due to new information or events after this date. All forward-looking statements contained in this press release are subject to this warning statement.
SOURCE TIMIA Capital Corp.
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