Hillman Group Capital Trust Announces Cash Distribution on Trust Preferred Securities

Rhea-AI Summary

The Hillman Companies announced a monthly cash distribution of $0.241667 per Trust Preferred Security (HLM-P) by Hillman Group Capital Trust, payable on June 1, 2021. Holders of record as of May 24, 2021, will receive this distribution. Founded in 1964 and based in Cincinnati, Ohio, Hillman is a major provider of hardware solutions across North America, serving over 40,000 locations. The company focuses on innovative product merchandising to enhance customer experience within various retail categories, including home improvement and hardware.

Positive

• Monthly distribution of $0.241667 per Trust Preferred Security demonstrates financial stability.
• Hillman serves over 40,000 locations, indicating a strong market presence.

Negative

• None.

CINCINNATI, May 14, 2021 (GLOBE NEWSWIRE) -- The Hillman Companies, Inc. (“Hillman” or the “Company”), Doug Cahill, President and CEO of The Hillman Companies, Inc., announced today that a cash distribution has been declared by Hillman Group Capital Trust for the month of May in the amount of $0.241667 for each Trust Preferred Security (NYSE-Amex: HLM_P). The distribution will be payable June 1, 2021 to holders of record May 24, 2021.

About Hillman
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers. Leveraging a world-class distribution and sales network, Hillman delivers a “small business” experience with “big business” efficiency. For more information on Hillman, visit www.hillmangroup.com.   

Contacts

Investor Relations
Rodny Nacier / Brad Cray
IR@hillmangroup.com
(513) 826-5495

Public Relations
Phil Denning / Doug Donsky
media@hillmangroup.com

FAQ

What is the cash distribution amount declared by Hillman Group Capital Trust for May 2021?

The cash distribution amount is $0.241667 per Trust Preferred Security (HLM-P).

When will the cash distribution for HLM-P be payable?

The cash distribution will be payable on June 1, 2021.

Who will receive the cash distribution from Hillman Group Capital Trust?

Holders of record as of May 24, 2021, will receive the cash distribution.

How many locations does Hillman serve?

Hillman serves over 40,000 locations across North America.