Princeton Capital Corporation Announces Cash Dividend

Rhea-AI Summary

Princeton Capital Corporation (OTC:PIAC) has declared a cash dividend of $0.075 per share, payable on December 1, 2022, to stockholders recorded by the close of business on November 21, 2022. This decision underscores the company's commitment to providing current income and capital appreciation to its shareholders. Princeton operates as a closed-end investment company focused on maximizing total returns through debt securities and equity investments. The investment strategy is managed by House Hanover, LLC, an investment adviser.

Positive

• Declared cash dividend of $0.075 per share.
• Dividend payment shows commitment to shareholder returns.

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• None.

NORTH ANDOVER, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Princeton Capital Corporation (OTC:PIAC) (“Princeton” or the “Company”) announced today that its Board of Directors has authorized and declared a cash dividend of $0.075 per share of common stock. The dividend is payable on December 1, 2022 to stockholders of record as of the close of business on November 21, 2022.

About Princeton Capital Corporation

Princeton Capital Corporation is an externally managed, non-diversified, closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Princeton Capital Corporation’s investment objective is to maximize the total return to our stockholders in the form of current income and capital appreciation through the debt securities and related equity investments. The Company’s investment activities are currently managed by its Investment Adviser, House Hanover, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended.

Forward-Looking Statements

Statements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the U.S. Securities and Exchange Commission. Princeton Capital Corporation undertakes no duty to update any forward-looking statements made herein. All forward-looking statements speak only as of the time of this press release.

Company Contact:

Gregory J. Cannella, Chief Financial Officer
(978) 794-3366
gcannella@princetoncapitalcorp.com

FAQ

What is the dividend amount declared by PIAC?

Princeton Capital Corporation declared a dividend of $0.075 per share.

When is the dividend payable for PIAC?

The dividend is payable on December 1, 2022.

What is the record date for the dividend of PIAC?

The record date for the dividend is November 21, 2022.

How does PIAC generate returns for shareholders?

Princeton Capital Corporation aims to maximize total returns through debt securities and equity investments.