Compass Diversified Declares Fourth Quarter 2023 Distributions on Common and Series A, B and C Preferred Shares
2024年1月5日 - 6:15AM
Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an
owner of leading middle market businesses, announced today that its
Board of Directors (the “Board”) has declared a quarterly cash
distribution of $0.25 per share on the Company’s common shares (the
“Common Shares”). The distribution for the three months ended
December 31, 2023, is payable on January 25, 2024, to all holders
of record of Common Shares as of January 18, 2024.
The Board also declared a quarterly cash
distribution of $0.453125 per share on the Company’s 7.250% Series
A Preferred Shares (the “Series A Preferred Shares”). The
distribution on the Series A Preferred Shares covers the period
from, and including, October 30, 2023, up to, but excluding,
January 30, 2024. The distribution for such period is payable on
January 30, 2024, to all holders of record of Series A Preferred
Shares as of January 15, 2024.
The Board also declared a quarterly cash
distribution of $0.4921875 per share on the Company’s 7.875% Series
B Preferred Shares (the “Series B Preferred Shares”). The
distribution on the Series B Preferred Shares covers the period
from, and including, October 30, 2023, up to, but excluding,
January 30, 2024. The distribution for such period is payable on
January 30, 2024, to all holders of record of Series B Preferred
Shares as of January 15, 2024.
The Board also declared a quarterly cash
distribution of $0.4921875 per share on the Company’s 7.875% Series
C Preferred Shares (the “Series C Preferred Shares”). The
distribution on the Series C Preferred Shares covers the period
from, and including, October 30, 2023, up to, but excluding,
January 30, 2024. The distribution for such period is payable on
January 30, 2024, to all holders of record of Series C Preferred
Shares as of January 15, 2024.
CODI’s common and preferred cash distributions
should generally constitute “qualified dividends” for U.S. federal
income tax purposes to the extent they are paid from “earnings and
profits” (as determined under U.S. federal income tax principles),
provided that the requisite holding period is met. To the extent
that the amount of the cash distributions exceeds earnings and
profits, such distribution will first be treated as a non-taxable
return of capital to the extent of the holder’s adjusted tax basis
in the shares, and thereafter be treated as a capital gain from the
sale or exchange of such shares.
CODI expects all distributions paid in the 2023 taxable year to
be qualified dividends (assuming requisite holding periods are met)
since CODI’s earnings and profits in the 2023 taxable year are
expected to be above cash distributions. It is currently
anticipated, but not certain, that all 2024 distributions will be
treated as qualified dividends, provided that the requisite holding
periods are met. The final tax status of such amounts will be made
and reported to shareholders in early 2025, when the determination
of earnings and profits for the 2024 year is completed. The final
tax status of the 2024 distributions may differ from this
preliminary expectation.
In addition, shareholders subject to tax rules
regarding “unrelated business taxable income” (or “UBTI”) will no
longer be allocated UBTI from CODI, allowing ownership by certain
retirement accounts that previously created tax implications.
About Compass Diversified
(“CODI”)
Since its founding in 1998, and IPO in 2006,
CODI has consistently executed on its strategy of owning and
managing a diverse set of highly defensible, middle-market
businesses across the niche industrial, branded consumer and
healthcare sectors. The Company leverages its permanent capital
base, long-term disciplined approach, and actionable expertise to
maintain controlling ownership interests in each of its
subsidiaries, maximizing its ability to impact long-term cash flow
generation and value creation. The Company provides both debt and
equity capital for its subsidiaries, contributing to their
financial and operating flexibility. CODI utilizes the cash flows
generated by its subsidiaries to invest in the long-term growth of
the Company and has consistently generated strong returns through
its culture of transparency, alignment and accountability. For more
information, please visit compassdiversified.com.
Forward Looking StatementsThis
press release may contain certain forward-looking statements,
including statements with regard to the future performance of CODI
and its subsidiaries. Words such as "believes," "expects," and
"future" or similar expressions, are intended to identify
forward-looking statements. These forward-looking statements are
subject to the inherent uncertainties in predicting future results
and conditions. Certain factors could cause actual results to
differ materially from those projected in these forward-looking
statements, and some of these factors are enumerated in the risk
factor discussion in the Form 10-K filed by CODI with the SEC for
the year ended December 31, 2022 and in other filings with the SEC.
Except as required by law, CODI undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Investor RelationsCompass
Diversifiedirinquiry@compassdiversified.com
Gateway GroupCody Slach949.574.3860CODI@gateway-grp.com
Media RelationsThe IGB GroupLeon
Berman212.477.8438mediainquiry@compassdiversified.comlberman@igbir.com
Compass Diversified (NYSE:CODI)
過去 株価チャート
から 1 2025 まで 2 2025
Compass Diversified (NYSE:CODI)
過去 株価チャート
から 2 2024 まで 2 2025