MTI Announces Implementation of Quarterly Dividend Policy


Posted May 9, 2019 by ludvikholdings

MTI, Inc. (the "Company" or "MTI") announced today that it intends to pay a regular quarterly dividend to holders of its common stock.

 
Charleston, SC., May 9, 2019: MTI, Inc. (the "Company" or "MTI") announced today that it intends to pay a regular quarterly dividend to holders of its common stock. In connection with this dividend program, the Company's Board of Directors (the "Board") intends to declare a $.0.0125 per share dividend payable on July 15, 2019, to shareholders of record at the close of business on June 30, 2019.

While the Company intends to pay a regular quarterly dividend for the foreseeable future, from its portfolio companies, as a way of providing a dividend income to its common shareholders, the Company also plans to complete the following items on or before June 30, 2019:

• To complete a business combination through an acquisition, with a Letter of Intent & sign a Stock Purchase Agreement.
• The company will announce an underwriter for the company’s shares.
• The company will submit a completed NYSE application and all other required documentation, including any required approvals before listing on the exchange and (iii) whether the transaction would include a merger, asset acquisition. Depending on the transaction, the process can take up to 90 days to be completed.
• The company. plans to exchange registered common shares for its shareholders restricted shares on a 1 for 1 basis prior to trading on the open market to provide shareholder liquidity.

We look forward to completing another successful year and welcome the opportunity to continue to work for the benefit of the shareholders as we continue to increase shareholder value.

About MTI, Inc.

MTI, Inc. established in 2016 owns Marton Technologies, Inc. Established in 2005, Marton Technologies, Inc. (“Marton”) is a seasoned government contractor providing customer-focused collaborative solutions to meet customer demands. Marton has a well-established reputation as a technology, scientific and professional services provider. The company has military, federal government, and private sector experience which enables them to provide superior support to federal agencies, Department of Defense and commercial organizations.

Forward-Looking Statements

Except for historical information contained in this news release, the matters discussed are forward looking statements that involve risks and uncertainties. Words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions identify forward-looking statements, which are based on the current belief of company management, as well as assumptions made by and information currently available to company management. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the company’s ability to continue paying a quarterly dividend, a decrease or other change in the dividend rate, and other risks and factors identified from time to time in the company’s filings. You are cautioned not to place undue reliance on any forward-looking statements contained in this press release. The Company does not undertake any obligation to update such forward-looking statements.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MTI, Inc
Phone 8436961479
Business Address 4000 Faber Place Drive
Suite 300
Country United States
Categories Banking
Tags dividend
Last Updated May 9, 2019