Compass Diversified Holdings Declares Third Quarter 2013
The following excerpt is from the company's SEC filing
Westport, Conn., October 10, 2013 Compass Diversified Holdings (NYSE: CODI) (CODI or the Company), an owner of
leading middle market businesses, announced today that its Board of Directors has declared a quarterly cash distribution of $0.36 per share. The distribution for the three months ended September 30, 2013 is payable on October 30, 2013 to
all holders of record as of October 23, 2013.
Alan Offenberg, CEO of Compass Diversified Holdings, stated, We are pleased to declare our third
quarter distribution of $0.36 per share. We have now declared a distribution each quarter since our IPO in May of 2006 and, including this quarter, will have cumulatively distributed $9.9552 per share to our shareholders.
CODI owns and manages a diverse family of established North American middle market businesses. Each of its eight current subsidiaries is a leader in their
CODI maintains controlling ownership interests in each of its subsidiaries in order to maximize its ability to impact long term cash flow
generation and value. 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 to make cash distributions to its owners.
The design and manufacture of medical therapeutic support surfaces and other wound treatment devices (Anodyne Medical Device, also doing business and known as Tridien Medical, www.tridien.com);
This press release may contain certain forward-looking statements, including statements with regard to the future performance of the Company. Words such as
believes, expects, projects, 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 Securities and Exchange Commission for the year ended December 31, 2012 and other filings with the Securities and Exchange Commission. CODI undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
To receive a free e-mail notification whenever Compass Diversified Holdings
makes a similar move, sign up!