TORONTO, June 1, 2018 /CNW/ - The Catalyst Capital Group Inc. ("Catalyst") announced today that funds managed by Catalyst have acquired additional common shares of Callidus Capital Corporation ("Callidus") pursuant to the operation of Callidus' Dividend Reinvestment Plan (the "DRIP").
Under the DRIP additional shares are issued from treasury on a monthly basis to shareholders who elect to receive common shares instead of Callidus' monthly cash dividend. The Catalyst funds have elected to participate in Callidus' DRIP since its inception.
Catalyst is the manager of Catalyst Fund Limited Partnership II, Catalyst Fund II Parallel Limited Partnership, Catalyst Fund Limited Partnership III and Catalyst Fund Limited Partnership IV, each of which hold common shares. As a result of the acquisitions noted above and acquisitions by Catalyst Fund Limited Partnership II and Catalyst Fund II Parallel Limited Partnership pursuant to the DRIP for the period ending May 31, 2018, Catalyst acquired control or direction over an additional 1,414,985 common shares, representing approximately 2.59% of the issued and outstanding common shares. Catalyst currently exercises control or direction over 39,266,186 common shares or approximately 71.96% of the issued and outstanding common shares.
The Catalyst funds acquired the common shares for investment purposes. It is the Catalyst funds' current intention to continue to acquire common shares through the DRIP.
The address of Catalyst's head office is 181 Bay Street, Suite 4700, Bay Wellington Tower, Brookfield Place, Toronto, Ontario, M5J 2T3.
SOURCE The Catalyst Capital Group Inc.
For further information: including a copy of the corresponding reports filed with Canadian securities regulators, please contact: Jim Riley, Chief Operating Officer, Phone: 416 945 3041