Automotive Finco Corp. Announces Annual Cash Dividends
Automotive Finco Corp. Announces Annual Cash Dividends
The declaration, amount and payment of future cash dividends are subject to the board of directors' continuing determination that the payment of dividends are in the best interests of the Company, its shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.Not for distribution to United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.
不得分發給美國通訊社或在美國境內傳播。本新聞稿不構成在美國出售或邀請購買任何證券的要約。
TORONTO, June 19, 2023 (GLOBE NEWSWIRE) -- Automotive Finco Corp. (NEX: AFCC-H) (the "Company") announces a change to the frequency of its dividend distributions from semi-annual to annual. The Company intends to pay dividends at the end of December 2023 at the same effective rate of $0.205/annum per common share.
多倫多，2023年6月19日(Global Newswire)--Automotive Finco Corp.(NEX：AFCC-H)(“本公司”)宣佈將其派息頻率由每半年派發一次改為每年派發一次。該公司打算在2023年12月底按每股普通股0.205美元/年的相同有效利率派發股息。
On March 3, 2023, the Company announced a change to the frequency of its dividend distributions from monthly to semi-annual to align with expected cash flow from its current loan investment of $21 mm, announced on November 18, 2022. Pursuant to the loan agreement, the borrower elected to pay interest in kind ("PIK Interest") with respect to the first two quarterly interest payments. Accordingly, all amounts of accrued PIK Interest have been added to the principal amount of the loan at each interest payment date and bear interest until repaid.
2023年3月3日，該公司宣佈將其股息分配頻率從每月一次改為每半年一次，以與2022年11月18日宣佈的2100萬美元當前貸款投資的預期現金流保持一致。根據貸款協定，借款人選擇支付首兩筆季度利息的實物利息(“實物利息”)。因此，所有應計的實收利息都已在每個付息日加入貸款本金，並計入利息，直至償還為止。
The declaration, amount and payment of future cash dividends are subject to the board of directors' continuing determination that the payment of dividends are in the best interests of the Company, its shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.
未來現金股息的宣佈、金額及支付須由董事會持續作出決定，認為支付股息符合本公司及其股東的最佳利益，並符合適用於宣佈及支付現金股息的本公司所有法律及協定。
About Automotive Finco Corp.
汽車金融公司簡介
Automotive Finco Corp. is a finance company focused exclusively on the auto retail sector. 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.
汽車金融公司是一家專注於汽車零售領域的金融公司。除了在汽車金融有限合夥企業中的權益外，該公司還可能尋求汽車零售行業的其他直接投資和融資機會。
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.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
For further information please refer to the Company's website at or contact Shannon Penney, Chief Financial Officer, at shannon.penney@rogers.com or (905) 619-4996.
欲瞭解更多資訊，請訪問公司網站：或聯繫首席財務官香農·彭尼，電子郵件：shannon.penney@rogers.com，或(905)619-4996。
