Attached files
| file | filename |
|---|---|
| EX-99.1 - Stagwell Inc | v191610_ex99-1.htm |
| EX-99.2 - Stagwell Inc | v191610_ex99-2.htm |
| 8-K - Stagwell Inc | v191610_8k.htm |
Exhibit 99.3
PRESS RELEASE
FOR IMMEDIATE RELEASE
FOR IMMEDIATE RELEASE
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FOR:
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MDC
Partners Inc.
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CONTACT:
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David
Doft
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950
Third Avenue, 5th
Floor
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Chief
Financial Officer
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||||
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New
York, NY 10022
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1-646-429-1818
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ddoft@mdc-partners.com
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MDC
PARTNERS ANNOUNCES $0.11 PER SHARE CASH DIVIDEND
NEW YORK, NEW YORK
(July 29, 2010) – MDC
Partners Inc. (“MDC Partners” or the “Company”) today announced that its Board of
Directors has declared a cash dividend of $0.11 per share on all of its
outstanding Class A shares and Class B shares. The dividend will be payable on
August 27, 2010 to shareholders of record at the close of business on August 13,
2010.
“As we
previously stated in the first quarter of 2010, we are dedicated to rewarding
all of our shareholders for their loyalty and commitment,” said Miles S.
Nadal, Chairman and Chief Executive Officer of MDC
Partners. “The
payment of cash dividends remains an important part of our ongoing strategy to
maximize shareholder value. The new dividend of $0.11 per share represents
a 10% increase above MDC Partners’ last dividend payment and is representative
of the significant increase in free cash flow that MDC has achieved to
date. As free cash flow continues to increase over time, we expect
dividend payments to continue to increase as well.”
About
MDC Partners Inc.
MDC
Partners is a progressive Marketing and Communications Network, championing the
most innovative entrepreneurial talent. MDC Partners provides strategic
solutions and services to multinational clients in North America, Europe and
Latin America. Our philosophy emphasizes the utilization of Strategy and
Creativity to drive growth and measurable impact. “MDC Partners is The Place
Where Great Talent Lives.” MDC Partners’ Class A shares are publicly traded on
the NASDAQ under the symbol “MDCA” and on the Toronto Stock Exchange under the
symbol “MDZ.A”.
This
press release contains forward-looking statements within the meaning of section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. These forward-looking statements involve risks and
uncertainties which may cause the actual results or objectives to be materially
different from those expressed or implied by such forward-looking
statements. Such risk factors include, among other things, the
Company’s financial performance; risks associated with the effects of economic
downturns; ability to attract and retain key clients; ongoing compliance with
debt agreements and the Company’s ability to satisfy contingent payment
obligations when due; and other risk factors set forth in the Company’s Form
10-K for its fiscal year ended December 31, 2009 and subsequent SEC
filings.