Business News • MarketWire • Matrix Asset Management Inc. Reports Third Quarter Results, Including $0.8 Million Recurring EBITDA, $0.9 Million Free Cash Flow and Net Income of $0.4 million, and Declares Stock Dividend |
Matrix Asset Management Inc. Reports Third Quarter Results, Including $0.8 Million Recurring EBITDA, $0.9 Million Free Cash Flow and Net Income of $0.4 million, and Declares Stock Dividend |
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Matrix Asset Management Inc. Reports Third Quarter Results, Including $0.8 Million Recurring EBITDA, $0.9 Million Free Cash Flow and Net Income of $0.4 million, and Declares Stock Dividend
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2012) - Matrix Asset Management Inc. (the "Company" or "Matrix") (TSX:MTA) reported today its financial and operating results for the third quarter ended September 30, 2012 and announced that, subject to TSX approval, a stock dividend of $0.015 per share will be paid on December 20, 2012 to shareholders of record on December 5, 2012. The dividend will be paid through the allotment and issuance of additional Common shares in the capital of the Company (the "Dividend Shares"). The Board of Directors remains hopeful that a cash dividend will be reinstated in the future as initiatives aimed at growing assets under management ("AUM") are implemented and cost-cutting measures continue to reduce Matrix's expenses.
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