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TerraVest Announces 2012 Year-End Financial Results, Introduces Quarterly Dividend

TerraVest Capital Inc. (TVK.TO) announced financial results for the fiscal year ended December 31, 2012, reporting net earnings of $2,946 on revenue of $70,914 compared with a loss of $1,237 on revenue of $74,032 in 2011.

The company said earnings were impacted by a significant increase in the provision for deferred taxes due to a change in the tax rate as a result of the conversion from a trust structure to a corporate structure.

TerraVest also announced the introduction of a quarterly dividend of $0.08 payable on April 11, 2013 to shareholders of record as of March 28, 2013.

TVK shares last traded at $3.12.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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