Target Capital Inc. announces suspension of dividend

CALGARY, Oct. 9, 2014 /CNW/ - Target Capital Inc. (TCI on TSX-V and CSE) today announced the suspension of its quarterly dividends effective immediately. "Given the cash-flow requirements of our land development project in Langley, BC, the Board has determined that it would be imprudent to continue paying a dividend at this time," said Ryan Hoult, CFO of Target. "The Board will revisit the dividend policy upon completion of this project.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE: Target Capital Inc.

contact Ryan Hoult, CFO, at 403.261.7500, e-mail [email protected].