CALGARY, Alberta, June 19, 2018 (GLOBE NEWSWIRE) -- In light of the recent share price decline, Founders Advantage Capital Corp. (TSX-V:FCF) (the “Corporation”) would like to confirm that there have been no material adverse changes at any of its four investee companies nor at its corporate head office. As the Corporation’s management does not believe the current trading price of the Corporation’s shares properly reflects the inherent value of the Corporation’s investments, the Corporation intends to implement a normal course issuer bid (“NCIB”) to acquire shares for the benefit of all shareholders. Further, the Corporation also intends on implementing a dividend reinvestment plan (“DRIP”) to make it easier for existing shareholders to reinvest their quarterly dividends in the Corporation’s shares.
Founders Advantage Capital Corp. Comments on Recent Trading; Announces Intention to Implement Normal Course Issuer Bid and Dividend Reinvestment Plan
Jun 19, 2018
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