TORONTO, Sept. 19, 2022 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Government Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Firm”), proclaims that the Board of Administrators of the Firm has declared a dividend of $0.0125 per frequent share and $0.0125 per Collection A, first most popular share for the three-month interval ended September 30, 2022, representing $0.05 per share on an annualized foundation. The dividend is payable on October 17, 2022 to the shareholders of report on September 30, 2022.
This dividend is designated by the Firm as an eligible dividend as outlined by the Revenue Tax Act (Canada) and any related provincial or territorial laws. An enhanced dividend tax credit score applies to eligible dividends paid to Canadian residents.
The Firm has Dividend Reinvestment Plans for holders of its frequent shares and Collection A, first most popular shares (collectively, the “DRIPs”). The DRIPs present eligible shareholders with the chance to reinvest their money dividends, on every dividend cost date, today techs in further frequent shares of the Firm at a 5% low cost to the volume-weighted common buying and selling worth of the frequent shares for the ten-day interval previous the dividend cost date. Shareholders are inspired to evaluate the textual content of the DRIPs, which can be found at today techs www.sedar.com, and seek the advice of with their funding advisors ought to they want to take part.
The declaration and cost of dividends is on the discretion of the board of administrators of the Firm and any future declaration of dividends will rely on the Firm’s monetary outcomes, money necessities, future prospects and different elements deemed related by the board of administrators of the Firm.
Urbanfund is a Toronto-based actual property growth and working firm listed on the TSX Enterprise Alternate today techs (“TSX-V”) beneath the image UFC. The Firm is a reporting issuer in Alberta, British Columbia and Ontario.
The Firm’s focus is to determine, consider and put money into actual property or actual property associated initiatives. The Firm’s belongings are positioned in Toronto, Belleville, Kitchener, London, and Brampton Ontario and in Montreal and Quebec Metropolis, Quebec and Dartmouth, Nova Scotia.
This press launch comprises sure forward-looking statements, together with statements concerning the Firm’s dividend coverage and dividend cost, which represent forward-looking statements. Wherever doable, phrases akin to “could”, “will”, “ought to”, “may”, “count on”, “plan”, “intend”, “anticipate”, “consider”, “estimate”, “predict” or “potential” or the destructive or different variations of those phrases, or related phrases or phrases, have been used to determine these forward-looking statements. These statements mirror administration’s present beliefs and are primarily based on data presently obtainable to administration as on the date hereof.
Ahead-looking statements contain vital threat, uncertainties and assumptions. Many elements may trigger precise outcomes, efficiency or achievements to vary materially from the outcomes mentioned or implied within the forward-looking statements. These elements needs to be thought of rigorously and readers mustn’t place undue reliance on the forward-looking statements.
Though the forward-looking statements contained on this press launch are primarily based upon what administration today techs believes to be cheap assumptions, the Firm can not guarantee readers that precise outcomes will likely be according to these forward-looking statements. These forward-looking statements are made as of the date of this press launch, and the Firm assumes no obligation to replace or revise them to mirror new occasions or circumstances, besides as required by regulation. Many elements may trigger the precise outcomes, efficiency or achievements of the Firm to be materially completely different from any future outcomes, efficiency or achievements that could be expressed or implied by such forward-looking statements, together with: common financial and market section situations, rates of interest, prices outdoors of the Firm’s management akin to actual property taxes and utilities, the power of tenants to fulfill their contractual lease obligations and any unexpected restore, upkeep or alternative of the Firm’s belongings.
Extra detailed evaluation of the dangers that might trigger precise outcomes to materially differ from present expectations is contained within the “Dangers and Uncertainties” part of the Firm’s most up-to-date Administration’s Dialogue and Evaluation dated August 25, 2022.
For additional data, please contact:
Chief Government Officer and President
416-703-1877 ext. 2025
today techs align=”justify”>Neither TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.