Converge To Pay December 2024 Dividend One Day Earlier Due to Holidays

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Converge Technology Solutions (TSX: CTS) (OTCQX: CTSDF) has announced a change in its December 2024 dividend payment date. The company will pay its previously announced dividend of $0.015 per common share on December 27, 2024, instead of December 28, 2024, due to the holiday schedule. The record date remains December 10, 2024. This dividend is based on the company's financial results for the three and nine months ended September 30, 2024.

Positive

• Maintaining quarterly dividend payment of $0.015 per share

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• None.

TORONTO and GATINEAU, QC, Dec. 20, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) today announced that, further to the Company's press release dated November 12, 2024, due to the December 2024 holiday schedule, Converge will pay its previously announced dividend (the "Dividend") of $0.015 per common share one day earlier, from December 28, 2024 to December 27, 2024.

The record date of December 10, 2024 (the "Record Date") for the Dividend remains unchanged. The Dividend is in respect of and is based on Converge's financial results for the three and nine months ended September 30, 2024. The Dividend will be paid on December 27, 2024 to shareholders of record as of the close of business on the Record Date.

About Converge

Converge Technology Solutions Corp. is a services-led, software-enabled, IT & Cloud Solutions provider focused on delivering industry-leading solutions. Converge's global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The Company supports these solutions with advisory, implementation, and managed services expertise across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.

Forward-Looking Information

This press release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation regarding Converge and its business. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected" "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts". "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Specifically, statements regarding the expected timing of the Dividend are considered forward-looking information. The forward-looking information are based on management's opinions, estimates and assumptions, including, but not limited to those assumptions described under the heading "About Forward-Looking Information" in the Company's Management's Discussion and Analysis for the nine months ended September 30, 2024. While these opinions, estimates and assumptions are considered by the Company to be appropriate and reasonable in the circumstances as of the date of this press release, they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, those risk factors discussed in greater detail under the "Risk Factors" section of the Company's most recent annual information form and under the heading "Risks and Uncertainties" in the Company's most recent Management's Discussion and Analysis, which are each available under the Company's profile on SEDAR+ at www.sedarplus.ca. Many of these risks are beyond the Company's control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information.

No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents the company's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information or to publicly announce the results of any revisions to any of those statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

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SOURCE Converge Technology Solutions Corp.

FAQ

When will Converge Technology Solutions (CTSDF) pay its December 2024 dividend?

Converge Technology Solutions will pay its December 2024 dividend on December 27, 2024, one day earlier than initially planned due to the holiday schedule.

How much is the Converge Technology Solutions (CTSDF) December 2024 dividend?

The dividend amount is $0.015 per common share.

What is the record date for Converge Technology Solutions' (CTSDF) December 2024 dividend?

The record date for the dividend is December 10, 2024.

What period does the Converge Technology Solutions (CTSDF) December 2024 dividend cover?

The dividend is based on Converge's financial results for the three and nine months ended September 30, 2024.