2013-08-19 23:37:54 -
Calgary, Alberta CANADA, August 19, 2013 /FSC/ - Mosaic Capital Corporation (M - TSX Venture, M.PR.A - TSX Venture), ("Mosaic") is pleased to announce that the cash distribution for the month of August 2013 in respect of its preferred securities will be paid on September 16, 2013 to all holders of preferred securities of record as of August 30, 2013. The August distribution will be $0.0833 per preferred security.
For Canadian income tax purposes the monthly distribution in respect of the preferred securities is considered interest income in the hands of the recipient.
ABOUT MOSAIC CAPITAL CORPORATION
Mosaic is an investment company based in western Canada that owns a portfolio of established businesses that have a history of generating cash
flow from their operations. Mosaic's objective is to create long term value for our shareholders and business partners and to have that reflected in our share price. We believe that this is achieved by growing free cash flow per share and retained earnings. We do this by acquiring businesses that we understand at attractive prices and we manage our risk through extensive due diligence, creative transaction structuring and working closely with our businesses after acquisition.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mosaic Capital Corporation
400, 2424 - 4th Street SW
Calgary, AB T2S 2T4
T: (403) 270-4658
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.
To view the press release as a PDF file, please click on the following link:
Source: Mosaic Capital Corporation (TSXV: M - TSXV: M.PR.A)
Maximum News Dissemination by FSCwire. www.fscwire.com