ENP Newswire -
Release date- 22082014 -
A dividend at the new rate of
'I am very pleased to announce this increase in the dividend to our common shareholders today,' commented
Mosaic's dividend on its common shares is designated to be an eligible dividend for purposes of the Income Tax Act (
Mosaic is an investment company based in western
We believe that this is achieved by growing free cash flow per share and retained earnings. We do this by acquiring businesses that we understand at attractive prices and we manage our risk through extensive due diligence, creative transaction structuring and working closely with our businesses after acquisition.
Tel: (403) 270-4658
This news release may contain forward-looking information and statements within the meaning of applicable Canadian securities laws (herein referred to as 'forward-looking statements') that involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. All information and statements in this news release which are not statements of historical fact may be forward-looking statements.
The words 'believe', 'expect', 'intend', 'estimate', 'anticipate', 'project', 'scheduled', and similar expressions, as well as future or conditional verbs such as 'will', 'should', 'would', and 'could' often identify forward-looking statements. More particularly, and without limitation, this news release contains forward-looking statements concerning Mosaic's current plan to continue to grow its common share dividend over time, and Mosaic's views regarding its anticipated operating performance.
However, the forward-looking statements herein contained are only predictions and reflect the current beliefs of management with respect to future events and are based on information currently available to management. Actual results and events may differ materially from those contemplated by these forward-looking statements due to these statements being subject to a number of risks and uncertainties.
Undue reliance should not be placed on these forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature forward-looking statements involve numerous assumptions and known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the plans, predictions, projections and other forward-looking statements will not occur or come to fruition.
These risks and uncertainties include, but are not limited to, general business and economic conditions in geographic areas where Mosaic and its subsidiaries have operations; pricing pressures and other competitive factors; third parties failing to honour their contractual obligations with Mosaic and its subsidiaries; the availability and cost of qualified labour; the continued ability of Mosaic's subsidiaries to retain existing, and secure new, business; results of management's on-going efforts to sell, re-lease, lease and improve real estate owned and being acquired indirectly by Mosaic through its subsidiaries; legislative or regulatory developments; changes in prevailing interest rates and the availability and terms of financing.
Should any of the risks or uncertainties facing Mosaic and its subsidiaries materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance, activities or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this news release.
Readers are cautioned that the foregoing list of risks is not exhaustive. Additional information on these and other factors that could affect the operations or financial results of Mosaic and its subsidiaries are included in Mosaic's annual information form for the year ended
Although Mosaic believes that the expectations represented by any forward-looking-statements contained herein are reasonable based on the information available to them on the date of this news release, management cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements.
Any forward-looking statements herein contained are made as of the date of this news release and Mosaic does not assume any obligation to update or revise them to reflect new information, events or circumstances, except as required by law.
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