Rifco Inc. Declares Special Cash Dividend of $0.35 per Common Share
Red Deer, Alberta--(Newsfile Corp. - November 27, 2020) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company"), a leading Canadian alternative auto finance company, announces today that the board of directors of the Company has declared a special dividend of $0.35 per common share (the "Special Dividend"), payable in cash on December 10, 2020 (the "Payment Date"). Shareholders of record as of the close of business on December 7, 2020 (the "Record Date") will be entitled to the Special Dividend....
2020-11-27 8:45 AM EST
Rifco Inc. Responds to Concerned Shareholder Group Originating Notice
Red Deer, Alberta--(Newsfile Corp. - November 25, 2020) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company"), a leading Canadian alternative auto finance company, and certain of its directors and officers, have been served with an originating notice ("Originating Notice") by 933672 Alberta Ltd., Tim Peterson, Ruth Peterson, Sobrick Capital Corp., 812787 Alberta Ltd., Big Country Holdings Ltd., Norman Storch and Jeffrey Newhouse (collectively the "Concerned Shareholder Group"). The Concerned Shareholder Group, acting in concert, has a meaningful ownership...
2020-11-25 6:00 AM EST
Rifco Reports Second Quarter Results
Red Deer, Alberta--(Newsfile Corp. - November 9, 2020) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company") the largest publicly-traded alternative auto finance company in Canada, is pleased to announce its consolidated second quarter results for the period ended September 30, 2020.Second Quarter Highlights Rifco reported year-to-date Adjusted Net Income before Taxes of $3.1M and $0.15 per share. This is 345% higher than the prior year. This is the best Adjusted Net Income before Taxes the Company...
2020-11-09 9:00 PM EST
Rifco Provides a Corporate Update
Red Deer, Alberta--(Newsfile Corp. - October 13, 2020) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company") would like to provide the following information as a form of corporate update.Rifco's profitability is generating significant shareholder value, including $2.2M in net income in the quarter ending June 2020.Rifco's financial position is exceptionally strong with $1.77 per share of adjusted book value, and attractive, flexible, long term funding relationships in place.Rifco's industry leading achievements in advanced decision making and loan applications...
2020-10-13 6:46 PM EDT