Tier One Capital Limited Partnership Announces 2018 Distribution Plan, Payable on April 30, 2018, July 30, 2018 and October 30, 2018
April 16, 2018 at 04:53 pm
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Tier One Capital Limited Partnership announced the approval of its 2018 distribution plan. The company plans to make distributions of $0.125 per unit on each of April 30th, 2018, July 30th, 2018 and October 30th, 2018. For each of the distributions, the record dates will be April 20th, 2018, July 20th, 2018 and October 19th, 2018 respectively. This distribution plan is subject to further review and amendment by the General Partner.
Tier One Capital Limited Partnership (the Limited Partnership) is a Canada-based specialty finance limited partnership. The Limited Partnership's investment objective is to provide a return on investment for limited partners and provide regular cash distributions. The General Partner (T1 General Partner LP) intends to make regular distributions, which would be assessed on a quarterly basis, to the limited partners, having regard to the income received or anticipated to be received from the portfolio investments held by the Limited Partnership as well as the fees, expenses and other obligations of the Limited Partnership. The business of the Limited Partnership is to make debt and equity-related investments primarily in Canadian companies, focusing on companies in the expansion phase of development in mid to late stages. The Limited Partnership has venture investments in various industries, including media technology, security software and services, and other technology and financial.