Cobra Venture to pay three-cent special dividend May 4

2022-03-23 09:20 ET - News Release

Mr. Daniel Evans reports

COBRA VENTURE CORPORATION APPROVES SPECIAL DIVIDEND

Cobra Venture Corp.'s board of directors has approved a special, one-time cash dividend of three cents per common share. The special dividend will be payable on May 4, 2022, to shareholders of record as of the close of business on April 6, 2022. The aggregate amount of the payment to be in connection with this special dividend will be approximately $477,113.

"We are pleased to be in a position to provide our shareholders with this special dividend. We believe this special dividend aligns the interests of management with those of all our shareholders," said Daniel Evans, president and chief executive officer.

The company has decided to pay the special dividend based on several factors, including the company's recently announced year-end financial results, the management team's assessment of the company's future capital requirements, and corporate and property interest opportunities.

There are currently no plans for future dividends. 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.

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