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Chesswood Group Ltd T.CHW

Alternate Symbol(s):  CHWWF

Chesswood Group Limited is a Canada-based holding company. The Company, through its subsidiaries, engages in the business of specialty finance, including equipment finance throughout North America and vehicle finance and legal sector finance in Canada, as well as the origination and management of private credit alternatives for North American investors. Its subsidiaries include Pawnee Leasing Corporation (Pawnee), Tandem Finance Inc. (Tandem), Vault Credit Corporation (Vault Credit), Rifco National Auto Finance Corporation and others. Pawnee, which finances micro and small-ticket commercial equipment for small and medium-sized businesses in the United States through a third-party broker channel. Tandem, which sources micro and small-ticket commercial equipment originations to small and medium-sized businesses through the equipment vendor channel in the United States. Vault Credit provides commercial equipment financing and loans to small and medium-sized businesses across Canada.


TSX:CHW - Post by User

Post by Thestockguyon Dec 26, 2023 9:49am
244 Views
Post# 35800332

Dividend going away?

Dividend going away?"Although it is expected that interest rates have peaked and that central banks may begin to decrease interest rates in 2024, management and our directors continue to evaluate portfolio performance, the general business climate and the importance of maintaining sufficient liquidity to not only comply with our financing facilities requirements but also to take advantage of growth and strategic opportunities should they be available. This may result in a determination in the near term to temporarily suspend dividends."
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