Montfort Capital Declares Quarterly Dividends for Preferred Shares

Montfort Capital Corp. Announces Quarterly Cash Dividends

Montfort Capital Corp. (MONT) is pleased to share an important update regarding its preferred shares. The board of directors has declared a cash dividend that benefits both Series A and Series 1 Class C Preferred Shareholders. This move highlights the company’s ongoing commitment to rewarding its investors through consistent financial practices.

Details of the Class A Quarterly Dividend

The Company will pay a quarterly cash dividend of $0.02 per Series A Class A Preferred Share. This appeal to investors aligns with Montfort's robust dividend policy. The dividend is set to be distributed to shareholders on record as of a specified date, with payments scheduled for the end of each quarter in December, March, June, and September.

Eligibility Criteria for Dividend Recipients

Shareholders holding Class A Preferred Shares will benefit from these fixed non-cumulative preferential cash dividends as the board declares them. With a target annual dividend rate of $0.08 per Class A Preferred Share, investors can expect a steady income stream.

Class C Preferred Shares Dividend Announced

Additionally, Montfort's board of directors declared a quarterly cash dividend of $0.5649 for the Series 1 Class C Preferred Shares. Just like the Class A, this dividend will also be distributed on a specified date, rewarding those who hold Class C shares.

Distribution Process and Future Dividends

Investors will be entitled to receive dividends for Class C Preferred Shares, calculated based on the Floating Quarterly Dividend Rate. This rate is determined on the last day of the previous fiscal quarter, making it a unique feature that distinguishes the Class C from Class A shares.

Understanding the Floating Rate Calculation

The Floating Quarterly Dividend Rate is essential as it impacts how dividends for Class C shares are calculated. It involves taking into account the yield on the applicable Floating Rate Calculation Date and adjusting it within a specified range. This mechanism helps in leading to a fair return aligned with market conditions.

Role of the Board in Declaring Dividends

Both dividends reflect the company’s dedication to transparency and financial prudence. The company’s board holds the authority to decide on future dividend amounts and payment dates, ensuring that decisions are made with the best interest of shareholders in mind.

About Montfort Capital Corp.

Montfort is established as a trustworthy provider of focused private credit strategies catering to institutional investors and family wealth offices. By employing advanced strategies and passionate management teams, the company endeavors to deliver impressive risk-adjusted returns on investments. Investors are encouraged to stay informed about Montfort's initiatives as the company continues to evolve and expand its portfolio.

Frequently Asked Questions

What are the details of the recently declared dividends?

Montfort declared a quarterly cash dividend of $0.02 for Series A Preferred Shares and $0.5649 for Series C Preferred Shares.

When will the dividends be paid out?

Both dividends will be distributed on September 27, 2024, to shareholders of record as of September 19, 2024.

How will the Class C dividends be calculated?

The Class C dividends are determined based on the Floating Quarterly Dividend Rate, which varies according to market conditions.

Are the dividends fixed or variable?

The Class A dividends are fixed, while Class C dividends can fluctuate based on the Floating Quarterly Dividend Rate.

What investment strategies does Montfort employ?

Montfort utilizes focused private credit strategies designed for institutional investors, family wealth offices, and wealth managers.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.