TORONTO — October 16, 2023 — Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, announces that the Company’s board of directors has declared a cash dividend of $0.0696 per Series A Preferred Shares (the “Preferred Shares”), payable on October 16, 2023, to holders of record of Preferred Shares as at September 30, 2023. The Dividend represents the dividend payable on the Preferred Shares for the period from July 1, 2023 to September 30, 2023.
This dividend is designated by the Company to be an eligible dividend for the purpose of the Income Tax Act(Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.
The declaration and payment of dividends on the Preferred Shares is at the discretion of the board of directors of the Company and any future declaration of dividends on the Preferred Shares will depend on the Company’s financial results, cash requirements, future prospects and other factors deemed relevant by the board of directors of the Company.
About Flow Capital
Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. For more information on Flow Capital, please visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer
alex@flowcap.com
47 Colborne Street, Suite 303,
Toronto, Ontario M5E 1P8
Neither 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 release.
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 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.
