CODI Declares Fourth Quarter 2020 Distributions on Common Shares


Reading time ( words)

Compass Diversified, an owner of leading middle market businesses, announced that its Board of Directors has declared a quarterly cash distribution of $0.36 per share on the Company’s common shares. The distribution for the three months ended December 31, 2020 is payable on January 22, 2021 to all holders of record of Common Shares as of January 15, 2021.

The Board also declared a quarterly cash distribution of $0.453125 per share on the Company’s 7.250% Series A Preferred Shares (the “Series A Preferred Shares”). The distribution on the Series A Preferred Shares covers the period from, and including, October 30, 2020, up to, but excluding, January 30, 2021. The distribution for such period is payable on January 30, 2021 to all holders of record of Series A Preferred Shares as of January 15, 2021. The payment will occur on February 1, 2021, the next Business Day following the payment date.

The Board also declared a quarterly cash distribution of $0.4921875 per share on the Company’s 7.875% Series B Preferred Shares (the “Series B Preferred Shares”). The distribution on the Series B Preferred Shares covers the period from, and including, October 30, 2020, up to, but excluding, January 30, 2021. The distribution for such period is payable on January 30, 2021 to all holders of record of Series B Preferred Shares as of January 15, 2021. The payment will occur on February 1, 2021, the next Business Day following the payment date.

The Board also declared a quarterly cash distribution of $0.4921875 per share on the Company’s 7.875% Series C Preferred Shares (the “Series C Preferred Shares”). The distribution on the Series C Preferred Shares covers the period from, and including, October 30, 2020, up to, but excluding, January 30, 2021. The distribution for such period is payable on January 30, 2021 to all holders of record of Series C Preferred Shares as of January 15, 2021. The payment will occur on February 1, 2021, the next Business Day following the payment date.

“Our Board is pleased to declare a quarterly cash distribution of $0.36 per share on our Common Shares, as well as distributions on our Series A, B and C Preferred Shares,” said Elias Sabo, CEO of Compass Diversified. “As we enter 2021, our capital allocation strategy, unique permanent capital structure, active management style and diverse group of subsidiaries will continue to differentiate CODI and position the Company for success during a time of volatility. We remain focused on executing on our growth strategy and working proactively with our management teams to drive long-term value at our subsidiaries and for our shareholders.”

Share

Print


Suggested Items

Whiteside’s View From the Summit: An Industry Perspective

01/04/2021 | Nolan Johnson, I-Connect007
I spoke with Shane Whiteside to get his unique perspective on the industry as president and CEO of Summit Interconnect, as well as his position on the board of directors for the IPC. Whiteside discusses the business challenges he sees overall.

ECWC15 Virtual Conference Keynote: 5G PCB Technology and Material Challenges

12/07/2020 | Pete Starkey, I-Connect007
The second day of the Electronic Circuits World Convention began with a keynote from Dr. Shiuh-Kao Chiang, managing partner of Prismark, describing the PCB technology and material challenges presented by the introduction of the fifth-generation cellular wireless communication network—the roll-out of which was continuing in spite of the coronavirus pandemic. Technical Editor Pete Starkey has more.

PCB Technologies Focuses on an All-in-One Solution

11/03/2020 | Nolan Johnson, PCB007
Recently, PCB Technologies reached out to us with news about their new All-In-One offering. Intrigued, we followed up and spoke with VP of Marketing and Business Development Arik Einhorn to get more details on the All-In-One services. We’ve included the short article and the interview here.



Copyright © 2021 I-Connect007. All rights reserved.