TORONTO, July 22, 2024 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV: FW) ("Flow Capital" or the "Company"), a leading provider of venture debt, announces a cash dividend of $0.069 per Series A Preferred Share ("Preferred Shares"), paid on July 16, 2024, to shareholders recorded as of June 30, 2024. This dividend corresponds to the period from March 31, 2024 to June 30, 2024.
This dividend as an eligible dividend for the purposes of the Income Tax Act (Canada) and relevant provincial or territorial legislation. Consequently, Canadian residents who receive this dividend may benefit from an enhanced dividend tax credit.
The declaration and payment of dividends on the Preferred Shares are subject to the discretion of the Company’s board of directors. Future dividend declarations will depend on the Company’s financial performance, cash requirements, prospects, and other factors considered pertinent by the board.
About Flow Capital
Flow Capital Corp. is an internally managed public venture debt lender dedicated to supporting high-growth companies. Since its inception in 2018, the company has provided financing to businesses in the US, the UK, and Canada, helping them achieve accelerated growth without the dilutive impact of equity financing or the complexities of traditional bank loans. Flow Capital focuses on revenue-generating, VC-backed, and founder-owned companies seeking $3 to $7 million in capital to drive their continued expansion. For more information, visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer, Flow Capital Corp.
alex@flowcap.com
47 Colborne Street, Suite 303
Toronto, Ontario M5E 1E3
Forward-Looking Information and Statements
Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
