Parent Capital Corp V.PAR.UN

Primary Symbol: V.PAR.H Alternate Symbol(s): PTSRF

Parent Capital Corp. is a Canada-based junior resource company. The Company is engaged in the evaluation, acquisition, exploration and development of international resource properties. The Company is inactive and is engaged in seeking an asset to acquire. The Company does not own any resource properties.

TSXV:PAR.H - Post by User

Parent Capital Corp > Good news. Insiders received 3825 shares; no one sold any

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Comment by YellowBrickRoadon Mar 12, 2019 12:10pm

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Post# 29473463

RE:Good news. Insiders received 3825 shares; no one sold any

wheeloffortune wrote: They must be expecting the SP to go up--can't do that with a divy cut:

A previous PR states that if the Quebec sale goes through the div will be reduced or eliminated and they will simply liquidate or sell the REIT which means only special dividends from that point.

March 11 - The purchaser has waived its due diligence condition, but completion of the Quebec Sale Transaction remains subject to receipt of certain lender approvals and to a number of closing conditions.

Jan 2 - In the event that the Quebec Sale Transaction is completed, the Board expects to consider the payment of a special cash distribution to all unitholders of a portion of the net cash proceeds from the sale of the Quebec properties. The Board will determine the amount of that special cash distribution in due course based upon, among other things, the ongoing cash requirements of the REIT.

In the event that the Quebec Sale Transaction is completed, the Board also expects it will review the appropriateness of Partners’ current normal monthly distribution of $0.015 per unit ($0.18 per unit annually), including whether such distribution should be reduced or discontinued in light of the smaller size of the remaining portfolio and other relevant factors.