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     105  0 Kommentare Urbanfund Corp. Amends Its Dividend Reinvestment Plans

    TORONTO, June 20, 2024 (GLOBE NEWSWIRE) -- Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), announces that the Company’s board of directors has approved an increase to the number of common shares available for issuance pursuant to its dividend reinvestment plans for holders of its common shares and Series A, first preferred shares (collectively, the “DRIP”). “We are pleased to announce this amendment and to continue to provide our shareholders an opportunity to participate in the DRIP,” says Cohen.

    The amendment to the DRIP increases the maximum number of aggregate common shares reserved for issuance ‎pursuant to the ‎DRIP to ‎1,770,695 ‎common shares. This amendment remains subject to TSX Venture Exchange ‎approval. ‎

    The Company has dividend reinvestment plans for holders of its common shares and Series A, first preferred shares. The DRIP provides eligible shareholders with the opportunity to reinvest their cash dividends, on each dividend payment date, in additional common shares of the Company at a 5% discount to the volume-weighted average trading price of the common shares for the ten-day period preceding the dividend payment date. The maximum number of common shares reserved for issuance pursuant to the DRIP may not exceed 5% of the Company’s issued and outstanding common shares. Shareholders are encouraged to review the text of the DRIP, which are available at www.sedar.com, and consult with their investment advisors should they desire to participate.

    The declaration and payment of dividends is at the discretion of the board of directors of the Company and any future declaration of dividends will depend on the Company's financial results, cash requirements, future prospects and other factors deemed relevant by the board of directors of the Company.

    ABOUT URBANFUND

    Urbanfund is a Toronto-based real estate development and operating company listed on the TSX Venture Exchange (“TSX-V”) under the symbol UFC. The Company is a reporting issuer in Alberta, British Columbia and Ontario.

    The Company’s focus is to identify, evaluate and invest in real estate or real estate related projects. The Company’s assets are located in Toronto, Belleville, Kitchener, London, and Brampton, Ontario and in Montreal and Quebec City, Quebec and Dartmouth, Nova Scotia.

    FORWARD-LOOKING INFORMATION

    This press release contains certain forward-looking statements, including statements about the Company's dividend policy, dividend payment and DRIP, which constitute forward-looking statements. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

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    Urbanfund Corp. Amends Its Dividend Reinvestment Plans TORONTO, June 20, 2024 (GLOBE NEWSWIRE) - Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), announces that the Company’s board of directors has approved an increase to the number …