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TORONTO, April 3, 2025 /CNW/ - Montfort Capital Corp. ("Montfort" or the "Company") (TSXV: MONT), has elected to pause the quarterly dividend on the Series A Class A Preferred Shares (each, a "Class A Preferred Share") and Series 1 Class C Preferred Shares (each, a "Class C Preferred Share"). The Board of Directors of Montfort has determined that, in consideration of Montfort's ongoing restructuring activities and in order to preserve capital to ensure the financial flexibility of Montfort, this pause is a prudent and necessary decision for the Company.
"As the largest holder of preferred shares, I am committed to seeing the dividend resume as soon as possible," said Ken Thomson, CEO of Montfort, "but I firmly believe that the board is acting prudently and in the best interest of all Montfort stakeholders with its decision to pause the dividend."
Within the past year, Montfort has undertaken a substantial restructuring plan that has included the sale of two business units, significant reduction in overhead costs and indebtedness, and a refocusing of resources on its profitable and growing lines of business operated from its Toronto head office. Significant progress has been made on this restructuring plan and it is nearing completion. While this will initially result in Montfort having a lower base of assets under management, the portfolio will have a reduced risk profile with more stable profitability. This will enable the continued growth of Montfort's core assets and support the broader strategic growth objectives of the Company.
About Montfort Capital Corp.
Montfort is a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers. We employ focused strategies, experienced management teams and advanced technology to drive superior risk-adjusted investment returns. For further information, please visit www.montfortcapital.com.
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Forward-Looking Information
Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally contain words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and within this news release include any statements (express or implied) respecting the future growth of the Company and the Company's future financial performance.