Solution Financial Initiates Quarterly Dividend

Rhea-AI Summary

Solution Financial Inc. (TSX: SFI) declares a quarterly dividend of $0.001, payable on March 15, 2024, to common shareholders of record as of February 29, 2024, marking it as a 'non-eligible dividend' for Canadian income tax purposes.

Vancouver, British Columbia--(Newsfile Corp. - February 12, 2024) - Solution Financial Inc. (TSX: SFI) (the "Company" or "Solution") a leading provider of luxury automotive and yacht leasing in British Columbia, is pleased to announce that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on March 15, 2024 to common shareholders of record as of the close of business on February 29, 2024. This dividend is a "non-eligible dividend" for Canadian income tax purposes.

About Solution

Solution Financial was incorporated under the provisions of the Business Corporations Act (British Columbia) in 2004 and specializes in sourcing and leasing luxury and exotic vehicles, yachts and other high value assets. Solution works with a select group of automotive and marine dealerships providing lending solutions to clients who cannot obtain leasing terms with traditional Canadian financial institutions or other sub-prime lenders. Typical customers include new immigrants, business owners and international students. Solution provides a unique leasing experience whereby it partners with its clients to help them navigate the challenges of acquiring, insuring, maintaining and upgrading vehicles and luxury assets in Canada.

For further information please contact Sean Hodgins at (778) 318-1514.

ON BEHALF OF THE BOARD

(signed) "Bryan Pang"
Bryan Pang
President, CEO and Director

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197639

FAQ

What dividend has Solution Financial Inc. (TSX: SFI) declared?

Solution Financial Inc. (TSX: SFI) has declared a quarterly dividend of $0.001.

When is the dividend payable?

The dividend is payable on March 15, 2024.

Who are eligible to receive the dividend?

Common shareholders of record as of February 29, 2024, are eligible to receive the dividend.

What is the tax status of the dividend?

The dividend is classified as a 'non-eligible dividend' for Canadian income tax purposes.