WESTPORT, Conn., April 01, 2022 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (“CODI” or the Company), owner of leading middle-market companies, today announced that its board of directors (the “Board”) has declared a quarterly cash distribution of $0.25 per share on common shares of the Company (the “Common Shares”). The distribution for the three months ended March 31, 2022 is payable on April 28, 2022 to all registered holders of common shares as of April 21, 2022.

The Board also declared a quarterly cash distribution of $0.453125 per share on the Company’s 7.250% Series A Preferred Shares (the “Series A Preferred Shares”). The distribution on the Series A preferred shares covers the period from January 30, 2022 inclusively to April 30, 2022 exclusively. The distribution for this period is payable on April 30, 2022 to all registered holders of Series A Preferred Shares on April 15, 2022. Payment will take place on May 2, 2022, the business day following the payment date.

The Board also declared a quarterly cash distribution of $0.4921875 per share on the Company’s 7.875% Series B Preferred Shares (the “Series B Preferred Shares”). The distribution on the Series B Preferred Shares covers the period from January 30, 2022 inclusive to April 30, 2022 exclusively. The distribution for this period is payable on April 30, 2022 to all registered holders of Series B Preferred Shares on April 15, 2022. Payment will take place on May 2, 2022, the business day following the payment date.

The Board has also declared a quarterly cash distribution of $0.4921875 per share on the Company’s 7.875% Series C Preferred Shares (the “Series C Preferred Shares”). The distribution on the Series C preferred shares covers the period from January 30, 2022 inclusively to April 30, 2022 exclusively. The distribution for this period is payable on April 30, 2022 to all registered holders of Series C Preferred Shares on April 15, 2022. Payment will take place on May 2, 2022, the business day following the payment date.

CODI’s Ordinary and Preferred Cash Distributions are generally expected to constitute “eligible dividends” for U.S. federal income tax purposes to the extent paid out of “profits and profits” (as determined under the principles U.S. federal income tax), provided the required holding period is met. To the extent that the amount of cash distributions exceeds earnings and profits, such distribution will first be treated as a non-taxable return of capital to the extent of the holder’s adjusted tax base in the shares, and then will be treated as a capital gain from the sale or exchange of those shares. In addition, shareholders subject to the tax rules regarding “unrelated business taxable income” (or “UBTI”) will no longer be allocated Trust UBTIs allowing ownership by certain retirement accounts that previously created tax implications.

About Compass Diversified (“CODI”)
CODI owns and manages a diverse set of highly defensible North American mid-market businesses. Each of its current subsidiaries is a leader in its niche market. For more information, visit compassdiversified.com.

Leveraging its permanent capital, disciplined, long-term approach and actionable expertise, CODI maintains controlling stakes in each of its subsidiaries, maximizing its ability to impact cash flow generation and create value. long-term value. The Company provides both debt and equity capital to its subsidiaries, thereby contributing to their financial and operational flexibility. CODI uses the cash flow generated by its subsidiaries to invest in the long-term growth of the Company and has consistently generated strong returns through its culture of transparency, alignment and accountability.

Our ten majority-owned subsidiaries are engaged in the following business segments:

  • The design and marketing of specially designed technical clothing and equipment for a wide range of global customers (5.11);
  • The manufacture of fast-turning rigid printed circuit boards, in small series and in production (Advanced Circuits);
  • The design and manufacture of custom packaging, insulation and components (Altor Solutions);
  • The manufacture of engineered magnetic solutions for a wide range of specialist applications and end markets (Arnold Magnetic Technologies);
  • The design, engineering and marketing of dial fit systems that provide a scientifically proven performance advantage for athletes (BOA Technology);
  • The design and marketing of portable baby carriers, strollers and related products (Ergobaby);
  • The design, manufacture and marketing of high-end and unique jewelry (Diamonds of Lugano);
  • The design and manufacture of baseball and softball equipment and apparel (Marucci Sports);
  • The manufacture and marketing of portable food warming systems used in the food service industry, indoor and outdoor creative lighting and room fragrance solutions for consumer markets (Sternum); and
  • The design, manufacture and marketing of airguns, archery products, optics and related accessories (Surface speed).

Forward-looking statements

Certain statements in this press release may be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.”, “will”, “should”, “may”, “seek”, “see” and similar expressions to identify forward-looking statements. The forward-looking statements contained in this press release involve risks and uncertainties. Actual results could differ materially from those implied or expressed in forward-looking statements for any reason, including factors set forth under “Risk Factors” and elsewhere in CODI’s Annual Report on Form 10-K and its reports. quarterly on Form 10-Q. . Other factors that could cause actual results to differ materially include: changes in the economy, financial markets and political environment; risks associated with possible disruption of CODI’s operations or the economy generally due to terrorism, natural disasters, social, civil and political unrest or the COVID-19 pandemic; future changes in laws or regulations (including the interpretation of such laws and regulations by regulatory authorities); general considerations associated with the COVID-19 pandemic and its impact on the markets in which we operate; and other considerations as may be disclosed from time to time in publicly released CODI documents and filings. Undue reliance should not be placed on these forward-looking statements, as these statements speak only as of the date they are made. Although, except as required by law, CODI undertakes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, you are advised to review any additional disclosure CODI may make directly to you. or through reports it may file with the SEC in the future, including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.