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Mount Logan Capital Inc. Declares Dividend

Written by Customer Service on . Posted in Dividend Reports And Estimates.

TORONTO, Dec. 04, 2019 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) is pleased to announce that the Board of Directors of the Company has declared a cash dividend in the amount of $0.02 per common share to be paid on December 27, 2019 to shareholders of record as of December 13, 2019.
Ted Goldthorpe, Chief Executive Officer and Chairman of Mount Logan, noted, “As Mount Logan has scaled over the past year, this dividend represents the first return of capital for our shareholders. We believe the implied yield serves as a balanced approach to current income and growth for our shareholders.”This dividend is designated by the Company as an eligible dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation.  An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.The declaration and payment by the Company of any future cash dividends, including the amount thereof, will be at the discretion of the Board of Directors of the Company and will depend on, among other things, the financial condition, capital requirements and earnings of the Company. About Mount Logan Capital Inc.

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