TORONTO, March 28, 2012 /CNW/ - Jaguar Financial Corporation ("Jaguar" or the "Company") today announced that its Board of Directors has approved a dividend of $0.00055 per share on its common shares, payable April 24, 2012, to shareholders of record at the close of business on April 10, 2012.
The Company also reported results for its fourth quarter ended December 31, 2011, of its 2011 fiscal year. For the three months ended December 31, 2011, the Company reported income of $360,465 compared to income of $295,213 in the fourth quarter of 2010.
For the three months ended December 31, 2011, the Company generated a net gain on investments of $1,295,684, of which $1,153,850 was realized, compared to a net loss on investments of $581,536 in the fourth quarter of 2010. 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 year ended December 31, 2011, the Company reported a net loss of $3,418,651 compared to net income of $2,592,551 in 2010.
Jaguar had cash and investments of $9,983,820 as at December 31, 2011.
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.
For further information:
Vic Alboini, Chairman and Chief Executive Officer
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Kyler Wells, General Counsel & Corporate Secretary