TIMIA Capital

TIMIA Capital Announces Quarterly Cash Dividends on Series A Preferred Shares

~ TIMIA to pay the cash dividend payment to shareholders of Series A Preferred Shares of record on June 23rd ~

Timia Capital Corporation ("TIMIA" or the "Company") (TSXV: TCA) (OTCQB: TIMCF), a leading innovator of technology in private credit, today announced that the Company's board of directors has declared a quarterly cash dividend of $0.02 per Series A Preferred Shares ("Preferred Shares"), payable on June 30, 2022 to Series A preferred shareholders of record as at June 23, 2022 . The Corporation's dividend payments qualify as an 'eligible dividend' for Canadian income tax purposes.

"We continue to see opportunities in the private credit sector to grow organically and through strategic acquisition," said Mike Walkinshaw , CEO of TIMIA. "As we work to close the previously announced letters of intents to acquire Brightpath and a specialty credit company, we will leverage our loan origination platform to make those businesses more efficient and our company stronger. In the current rising rate environment our businesses continue to be very competitive within the private credit sector."

Holders of Preferred Shares are entitled to receive fixed non-cumulative preferential cash dividends, if, as and when declared by the board of Directors of the Corporation at an annual rate equal to $0.08 per Preferred Share. Dividends, if declared, will be payable on the last day of December, March, June and September in each year, or if such day is not a business day, on the next business day, at a quarterly rate of $0.02 per Preferred Share.

About Timia Capital Corporation

The Company democratizes private credit for investors by offering a broad range of specialty private credit opportunities with transparency and efficiency, facilitated by the Company's proprietary technology platform.  These high-yield loan opportunities are delivered through operating divisions: Timia Capital which offers revenue-based investment to fast growing, business-to-business Software-as-a-Service (or SaaS) businesses in North America , and Pivot Financial which specializes in asset-based private credit targeting mid-market borrowers in Canada . The Corporation deploys funds on behalf of limited partnerships, institutions, retail investors, high net worth individuals, its management team and shareholders. For more information about TIMIA and SaaS lending, please visit www.timiacapital.com . For more information about specialized private credit and Pivot please visit: www.pivotfinancial.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information

Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally contain words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and within this news release include any statements (express or implied) respecting the future growth of the company,  completing the Brightpath and specialty credit company transactions, the belief that the Company's business will get stronger in a rising rate environment, and the future declaration of dividends.

Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, the following assumptions: that the Company and its investee companies are able to meet their respective future objectives and priorities, assumptions concerning general economic growth and the absence of unforeseen changes in the legislative and regulatory framework for the Company. Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Timia's business. Material risks and uncertainties applicable to the forward-looking statements set out herein include, but are not limited to, the Company having insufficient financial resources to achieve its objectives; availability of further investments that are appropriate for the Company on terms that it finds acceptable or at all; successful completion of exits from investments on terms that constitute a gain when no such exits are currently anticipated; intense competition in all aspects of business; reliance on limited management resources; general economic risks; new laws and regulations and risk of litigation. Although Timia has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Timia. Accordingly, readers should not place undue reliance on forward-looking statements. Timia undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.

SOURCE Timia Capital Corp.

Cision View original content: https://www.newswire.ca/en/releases/archive/June2022/03/c6318.html

News Provided by Canada Newswire via QuoteMedia

TCA:CA
The Conversation (0)
TIMIA Capital

TIMIA Capital Announces Effective Date of Name Change to Montfort Capital

~Trading symbols changed to TSX-V: MONT and MONT.PR.A and OTCQB: MONTF~

Timia Capital Corporation (the "Company") (TSXV: TCA) (OTCQB: TIMCF), a leading innovator in specialty  private credit, is pleased to announce that effective Wednesday June 15, 2022 the Company will change its name to Montfort Capital Corp. ( "Montfort" ). The name change is concurrent with a trading symbol change which will take effect at the open of market on June 15, 2022 with the common shares of Montfort trading on the TSX Venture Exchange under the new ticker symbol "MONT", the OTCQB under the same ticker symbol "MONTF", and its preferred A shares trading on the TSX Venture Exchange under the new ticker symbol "MONT.PR.A". The new CUSIPISIN for Montfort's common shares is CUSIP 61288M106 ISIN CA61288M1068 and the new CUSIPISIN for Montfort's series A preferred shares is CUSIP 61288M205 ISIN CA61288M2058.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TIMIA Capital

TIMIA Capital Announces Grant of Incentive Restricted Share Units

Timia Capital Corporation ("TIMIA" or the "Company") (TSXV: TCA) (OTCQB:TIMCF), a leading innovator in specialty  private credit, today announced the grant of  600,000 restricted share units ("RSUs") to independent members of the board of directors of the Company. Jan Lederman Paul Geyer Robert Napoli Howard Atkinson David Demers and Thealzel Lee were each granted 100,000 RSUs. The RSUs will vest one year from the grant date and have a two-year term.

The grant of RSUs is subject to TSX Venture approval.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TIMIA Capital

TIMIA Capital to Change Listed Company Name to Montfort Capital; TIMIA to Remain Technology Lending Component of Montfort

- Public company identity transformation to Montfort Capital highlights recent expansion into new private credit sectors with significant growth in total assets

Timia Capital Corporation ("TIMIA" or the "Company") (TSXV: TCA) (OTCQB: TIMCF), a leading innovator in specialty private credit, is pleased to announce it intends to change the name of the public company to Montfort Capital Corp. ( "Montfort" ).

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TIMIA Capital

TIMIA Capital Announces Results from Annual and Special General Meeting

~All items on the annual shareholder meeting agenda approved~

Timia Capital Corporation ("TIMIA" or the "Company") (TSXV: TCA) (OTCQB: TIMCF) today announced the results of its 2022 Annual and Special General Shareholder Meeting ("Meeting").

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TIMIA Capital

TIMIA Capital Originates US$5 Million of Non-Dilutive Capital

~TIMIA's scalable fintech platform originates non-dilutive financing for technology company launching SaaS product~

Timia Capital Corporation ("TIMIA" or the "Company") (TSXV: TCA) (OTCQB: TIMCF) a leading innovator in specialty private credit, is pleased to announce that it has originated a US$5 million investment facility for a growing technology company launching a software-as-a-service (SaaS) product. An initial disbursement of US$4 million has been advanced with US$1 million of additional capital to be disbursed upon certain milestones being met over the term of the agreement.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Real Matters Reports Second Quarter Financial Results

(all amounts are expressed in millions of U.S. dollars, excluding per share amounts and unless otherwise stated)

Real Matters Inc. (TSX: REAL) ("Real Matters" or the "Company"), a leading network management services platform for the mortgage and insurance industries, today announced its financial results for the second quarter ended March 31, 2024.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Real Matters Announces Changes to its Board of Directors

Real Matters Inc. ("Real Matters" or the "Company"), a leading network management services provider for the mortgage lending and insurance industries, today announced that Lisa Melchior will be stepping down after serving on the Real Matters Board since 2017. The Company also announced the appointment of Kay Brekken to its Board of Directors. Ms. Brekken will succeed Ms. Melchior as a member of the Compensation, Nomination and Governance Committee. The changes are effective May 7, 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240507719548/en/

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Real Matters to Announce Second Quarter Fiscal 2024 Financial Results on May 7, 2024

Real Matters Inc. ("Real Matters"), a leading network management services provider for the mortgage lending and insurance industries, will announce its second quarter fiscal 2024 financial results via news release on Tuesday, May 7, 2024, before market open.

Conference Call and Webcast

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Real Matters Reports First Quarter Financial Results

(all amounts are expressed in millions of U.S. dollars, excluding per share amounts and unless otherwise stated)

Real Matters Inc. (TSX: REAL) ("Real Matters" or the "Company"), a leading network management services platform for the mortgage and insurance industries, today announced its financial results for the first quarter ended December 31, 2023.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Real Matters to Hold Virtual Annual General Meeting on February 8, 2024

Real Matters Inc. ("Real Matters"), a leading network management services provider for the mortgage lending and insurance industries, will be holding its Annual General Meeting (the "Meeting") on Thursday, February 8, 2024 at 10:00 a.m. (Eastern Standard Time). The Meeting will be conducted online only, via audio webcast at: www.virtualshareholdermeeting.com/realmatters2024 .

Registered and non-registered shareholders entitled to vote at the Meeting may vote by proxy in advance of the Meeting. However, only registered shareholders and duly appointed proxyholders (including non-registered shareholders who have duly appointed themselves as proxyholder) will be entitled to vote at the Meeting during the live audio webcast. Non-registered shareholders who have not duly appointed themselves as proxyholders will be able to attend the Meeting and ask questions, but will not be able to vote. Guests will be able to attend the Meeting but will not be able to submit questions, vote their shares (if any) or otherwise participate in the Meeting. Please note that registered shareholders will need the 16-digit control number indicated on the form of proxy accompanying their Notice of Meeting to log on to the Meeting as a "Shareholder". Duly appointed proxyholders will need the Appointee Name and 8-character Appointee Identification Number to log on to the Meeting as a "Proxyholder / Appointee". Otherwise, shareholders or duly appointed proxyholders, as applicable, will have to log on as "Guests". Please refer to the Company's Management Information Circular in the Investor Relations section of our website for additional details on how to log on to the Meeting.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Real Matters to Announce First Quarter Fiscal 2024 Financial Results on February 1, 2024

Real Matters Inc. ("Real Matters"), a leading network management services provider for the mortgage lending and insurance industries, will announce its first quarter fiscal 2024 financial results via news release on Thursday, February 1, 2024, before market open.

Conference Call and Webcast

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×