Crown Capital Increases Quarterly Dividend by 15% to $0.15 Per Share

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Crown Capital Increases Quarterly Dividend by 15% to $0.15 Per Share

Canada NewsWire

Third dividend increase since February 2017 underscores continued growth of the portfolio and strong income generation

CALGARY, Feb. 6, 2018 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced that its Board of Directors has declared a dividend of $0.15 per common share, payable on March 2, 2018 to all shareholders of record as of the close of business on February 16, 2018. This dividend represents an increase of 15% over Crown's previous quarterly dividend of $0.13 per share.

"Since the beginning of last year, we have increased the dividend three times for a total increase of 36%, reflecting our success in building the investment portfolio and our positive outlook for continued growth," said Chris Johnson, President and CEO of Crown. "We enable entrepreneurs and mid-market businesses to grow and create value, and we see increasing demand for our capital solutions. As we further scale the business, we expect to provide Crown investors with an increasing dividend, combined with continued growth in our book value."

This dividend is designated by the Company to be an "eligible dividend" pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial or territorial legislation pertaining to eligible dividends. Shareholders with questions regarding the tax treatment of dividends should consult with their own tax advisors.

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain "forward looking statements" and certain "forward looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified using forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management's beliefs, expectations or intentions regarding the future growth of the dividend and book value. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown's periodic filings with Canadian securities regulators. See Crown's Annual Information Form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

SOURCE Crown Capital Partners Inc.

View original content: http://www.newswire.ca/en/releases/archive/February2018/06/c5986.html

Copyright CNW Group 2018

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