VANCOUVER, Jan. 30, 2015 /CNW/ - On behalf of the Board of Directors of Mandate National Mortgage Corporation ("Mandate"), Mr. Alan Long, President, announces further to Mandate's December 19, 2014 press release that the announcement regarding the amount and date of payment for the fourth quarter 2014 dividend will be delayed. Mandate expects to announce, whether a dividend will be paid and if so, the amount of the dividend, by February 20th, 2015. The date of payment of any such dividend is expected to be on or before March 30th, 2015. The delay is attributed to the Company Audit which is taking longer than usual. As previously announced, December 31, 2014 has been fixed as the record date for the fourth quarter 2014 dividend.
Certain statements herein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information includes statements regarding the fourth quarter dividend. Mandate has made certain assumptions about such information including assumptions about its ability to meet its legal restrictions regarding the payment of dividends. Forward-looking information contained in this press release is subject to risks, uncertainties and other factors which may cause Mandate's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. These risks, uncertainties and other factors include the ability of Mandate to meet its legal restrictions, maintain its status as a mortgage investment corporation under the Income Tax Act and maintain a positive return on the investment, and economic, competitive and lending conditions that affect its performance and results and conflict of interests. Many of these factors are beyond the control of Mandate. See Mandate's annual and quarterly financial statements and management's discussion and analysis for additional information on the company, its performance and risks relating to its business, which is available under the Mandate profile on SEDAR.
There is no assurance that forward-looking information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking information. We undertake no obligation to reissue or update any forward-looking information except as required by law. All forward-looking information herein is qualified by this cautionary statement.
ON BEHALF OF THE BOARD OF DIRECTORS
"ALAN E.R. LONG"
SOURCE Mandate National Mortgage Corporation
For further information: please contact Mr. Alan E.R. Long at (604) 731-2899.