CALGARY, Sept. 24, 2018 /CNW/ - MBN Corporation ("MBN")
wishes to advise investors of the initial quarterly dividend of
$0.08 per share for shareholders of
record as of September 30, 2018. The
dividends will be designated as "eligible dividends" for Canadian
income tax purposes and will be paid on or about October 15, 2018.
As previously announced, MBN recently completed a merger with
Globalance Dividend Growers Corp., with MBN being the continuing
fund. While MBN seeks to identify long-term strategic
investment opportunities, its portfolio will be comprised of global
issuers with a history of strong dividend growth.
The equity shares trade on the Toronto Stock Exchange under
the symbol MBN.
This press release contains forward-looking information. The
forward-looking information contained in this press release is
based on historical information concerning distributions and
dividends paid on the securities of issuers historically included
in the portfolio of MBN. Actual future results, including the
amount of distributions paid by MBN, may differ from the monthly
distribution amount. Specifically, the income from which
distributions are paid may vary significantly due to: changes in
portfolio composition; changes in distributions and dividends paid
by issuers of securities included in MBN's portfolio from time to
time; there being no assurance that those issuers will pay
distributions or dividends on their securities; the
declaration of distributions and dividends by issuers of securities
included in the portfolio will generally depend upon various
factors, including the financial condition of each issuer and
general economic and stock market conditions; the level of
borrowing by MBN; and the uncertainty of realizing capital
gains. An investment fund must prepare disclosure documents
that contain key information about MBN. You can find more
detailed information about a fund in the public filings available
at www.sedar.com. The forward-looking information contained
in this press release constitutes MBN's current estimate, as of the
date of this press release, with respect to the matters covered
hereby. Investors and others should not assume that any
forward-looking statement contained in this press release
represents MBN's estimate as of any date other than the date of
this press release.
SOURCE MBN Corporation