Jaguar Financial declares cash dividend, reports results for third quarter of fiscal 2011

TORONTO, Nov. 15, 2011 /CNW/ - Jaguar Financial Corporation ("Jaguar" or the "Company") today announced that its Board of Directors has approved a dividend of $0.0047 per share on its common shares, payable December 9, 2011, to shareholders of record at the close of business on November 25, 2011.

The Company also today reported results for its third quarter ended September 30, 2011, of its 2011 fiscal year. For the three months ended September 30, 2011, the Company reported a net loss of $5,106,403 compared to a net loss of $279,450 in the third quarter of 2010.

For the three months ended September 30, 2011, the Company experienced a net loss on investments of $4,553,964, of which $3,562,356 was unrealized, compared to a net loss on investments of $381,521 in the third quarter of 2010.  A substantial portion of the unrealized loss is attributable to Jaguar's investment in Lakeside Steel Inc. The Company's investment portfolio is classified as held for trading and recorded on a fair value basis and will experience, at various times, unrealized gains or losses based on equity market conditions.

For the nine months ended September 30, 2011, the Company reported a net loss of $3,779,116 compared to net income of $2,297,338 in 2010.

Jaguar had cash and investments of $15,412,343 as at September 30, 2011.

Subsequent to September 30, 2011, the Company sold its investment in MOSAID Technologies Inc. for gross proceeds of $17,108,815, generating a realized gain of $2,326,786.

Vic Alboini, Chairman and Chief Executive Officer commented, "We are pleased to report a gain on our investment in MOSAID and to be able to reward Jaguar's shareholders with a dividend equal to approximately 10% of our current share price. The dividend is in keeping with our objective to pay out a portion of our realized gains on our investments to our shareholders."

About Jaguar

Jaguar is a Canadian merchant bank that invests in undervalued small capitalization companies in a variety of industry sectors.

The securities of Jaguar Financial Corporation are listed on the TSX under the symbol "JFC".

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release. This news release may contain certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under Jaguar's control which may cause actual results, performances or achievements of Jaguar to be materially different from those implied by such forward looking statements.

SOURCE Jaguar Financial Corporation

For further information:

Vic Alboini, Chairman and Chief Executive Officer
416 644-8110

- or -

Kyler Wells, Senior Vice President and General Counsel
416 644-8177

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Jaguar Financial Corporation

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