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Mosaic Confirms January 2014 Distribution in Respect of Its Preferred Securities and Announces Condi


Mosaic Confirms January 2014 Distribution in Respect of Its Preferred Securities and Announces Conditional RSU Issuances

Calgary, Alberta CANADA, January 16, 2014 /FSC/ – Mosaic Capital Corporation (M – TSX Venture, M.PR.A – TSX Venture), is pleased to announce that the cash distribution for the month of January 2014 in respect of its preferred securities will be paid on February 17, 2014 to all holders of preferred securities of record as of January 31, 2014. The January distribution will be $0.0833 per preferred security.

For Canadian income tax purposes the monthly distribution in respect of the preferred securities is considered interest income in the hands of the recipient.

Today Mosaic also reports that it has conditionally issued, as part of its variable incentive compensation program for the 2014 year (the “Plan”), restricted securities units (“RSUs”) to its executive officers and employees, some of which can be settled for Mosaic common shares and some of which can be settled for Mosaic preferred securities. In accordance with the terms of Mosaic’s Securities Based Compensation Plan, $11.90 has been set as the settlement price for the RSUs which can be settled for common shares, and $11.10 has been set as the settlement price for the RSUs which can be settled for preferred securities.

The terms of the Plan provide that the RSUs issued are subject to cancellation in whole or in part in the Spring of 2015 to the extent that specified performance criteria are not met. In the Spring of 2015 Mosaic’s board of directors will assess both corporate and, for each Plan participant, individual performance for the 2014 fiscal year as measured against the performance criteria. Determination of the final number of RSUs to remain outstanding in the hands of a Plan participant will then be made based upon attainment of such personal and corporate performance criteria as well as upon an allocation at the election of the Plan participant between RSUs for common shares, preferred securities or a combination thereof. The RSUs are to be settled on a one-for-one basis for the underlying security, being common shares or preferred securities (as the case may be). The RSUs held by a Plan participant will vest yearly in three equal tranches starting in the Spring of 2015. Mosaic has reserved a maximum of 142,839 common shares and 153,133 preferred securities for issuance upon settlement of the RSUs.

Reference should be made to Mosaic’s most recent information circular for its 2013 annual general and special meeting of shareholders for a complete description of the Plan.


Mosaic is an investment company based in western Canada that owns a portfolio of established businesses that have a history of generating strong sustainable cash flow from their operations. Mosaic’s objective is to create long term value for our shareholders and business partners and to have that reflected in our share price. We believe that this is achieved by growing free cash flow per share and retained earnings. We do this by acquiring businesses that we understand at attractive prices and we manage our risk through extensive due diligence, creative transaction structuring and working closely with our businesses after acquisition.


Tim Taylor

Vice President

Mosaic Capital Corporation

400, 2424 – 4th Street SW

Calgary, AB T2S 2T4

T: (403) 270-4658


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view this press release as a PDF, please click on the following link:

Source: Mosaic Capital Corporation (TSXV: M – TSXV: M.PR.A)

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