Automotive Finco Corp. Announces Annual Cash Dividends
Automotive Finco Corp. Announces Annual 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.
不得分發給美國新聞通訊社或在美國傳播。本新聞稿不構成在美國出售或徵求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（GLOBE NEWSWIRE）— 汽車金融公司（NEX： AFCC-H) （“公司”）宣佈將其股息分配頻率從半年度改爲每年。公司打算在2023年12月底以每股普通股每年0.205美元的相同有效利率支付股息。
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，公司宣佈將其股息分配頻率從每月一次改爲每半年一次，以符合其於 2022 年 11 月 18 日宣佈的當前貸款投資 2100 萬美元的預期現金流。根據貸款協議，借款人選擇爲前兩個季度的利息支付實物利息（“PIK 利息”）。因此，在每個利息支付日，所有應計的PIK利息金額均已添加到貸款的本金中，並在還款之前產生利息。
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.
未來現金分紅的申報、金額和支付取決於董事會的持續決定，即股息的支付符合公司及其股東的最大利益，並且符合公司適用於申報和支付現金股息的所有法律和協議。
About Automotive Finco Corp.
關於汽車金融公司
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.
Automotive Finco Corp. 是一家專門從事汽車零售領域的金融公司。除了對汽車金融有限合夥企業感興趣外，該公司還可能在汽車零售領域尋求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投資交易所及其監管服務提供商（該術語在多倫多證券交易所風險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.
欲瞭解更多信息，請訪問公司的網站 或者通過 shannon.penney@rogers.com 或 (905) 619-4996 聯繫首席財務官香農·彭尼。
譯文內容由第三人軟體翻譯。