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Automotive Finco Corp V.AFCC.H

Alternate Symbol(s):  RMIAF

Automotive Finco Corp. is a specialty finance company focused on the auto retail sector. Through its investment in Automotive Finance Limited Partnership, the Company provides long-term, debt-based acquisition financing to auto dealerships across the globe, with an initial focus on Canada. In addition to its interest in Automotive Finance Limited Partnership, the Company may also pursue other direct investments and financing opportunities across the auto retail sector.


TSXV:AFCC.H - Post by User

Post by samrakon Sep 25, 2024 8:49pm
101 Views
Post# 36241370

loan/dividend

loan/dividendWe are now less than 2 months from the scheduled repayment of the $21 million loan plus accumulated interest.  Interest began being paid last quarter.  Assuming the loan is repaid in cash or significantly in cash, Automtive Finco had previously indicated a $0.205 dividend payout around year end if memory serves correct.  and before that payout, book value should be roughly $1.30/share.  Use this knowledge wisely.
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