Compass Diversified Holdings (NYSE: CODI) (“CODI” or the Company”), an owner of leading middle market businesses, announced today that its Board of Directors (the “Board”) has declared a quarterly cash distribution of $0.36 per share on the Company’s common shares (the “Common Shares”). The distribution for the three months ended March 31, 2020 is payable on April 23, 2020 to all holders of record of Common Shares as of April 16, 2020.

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, and including, January 30, 2020, up to, but excluding, April 30, 2020. The distribution for such period is payable on April 30, 2020 to all holders of record of Series A Preferred Shares as of April 15, 2020.

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, and including, January 30, 2020, up to, but excluding, April 30, 2020. The distribution for such period is payable on April 30, 2020 to all holders of record of Series B Preferred Shares as of April 15, 2020.

The Board 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, and including, January 30, 2020, up to, but excluding, April 30, 2020. The distribution for such period is payable on April 30, 2020 to all holders of record of Series C Preferred Shares as of April 15, 2020.

“For the 37th consecutive quarter, our Board declared distributions today on our common stock, at $1.44 per share annualized, as well as on our Series A, B and C Preferred Shares,” said Elias Sabo, CEO of Compass Group Diversified Holdings LLC. “CODI is pleased to have paid a sizable distribution to shareholders every quarter since our IPO, without reduction, even during the depths of the financial crisis and now, in this truly unprecedented time. In total, including today’s declaration, our distributions to common shareholders will reach nearly $19.32, or 129% of our IPO price. As we highlighted in our letter to shareholders issued today, with our permanent capital advantage, balance sheet strength, diverse portfolio of leading middle market businesses and experienced team, we remain well positioned to create long-term shareholder value.”

About Compass Diversified Holdings (“CODI”)CODI owns and manages a diverse family of established North American middle market businesses. Each of its current subsidiaries is a leader in its niche market.

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 shareholders.

Our eight majority-owned subsidiaries are engaged in the following lines of business:

  • The design and marketing of purpose-built technical apparel and gear serving a wide range of global customers (5.11); 
  • The manufacture of quick-turn, small-run and production rigid printed circuit boards (Advanced Circuits); 
  • The manufacture of engineered magnetic solutions for a wide range of specialty applications and end-markets (Arnold Magnetic Technologies); 
  • The design and marketing of wearable baby carriers, strollers and related products (Ergobaby); 
  • The design and manufacture of custom molded protective foam solutions and OE components (Foam Fabricators); 
  • The design and manufacture of premium home and gun safes (Liberty Safe); 
  • The manufacture and marketing of portable food warming systems, creative indoor and outdoor lighting, and home fragrance solutions for the foodservice industry and consumer markets (Sterno); and 
  • The design, manufacture and marketing of airguns, archery products, optics and related accessories (Velocity Outdoor).

This press release may contain certain forward-looking statements, including statements with regard to the future performance of CODI. Words such as "believes," "expects," “anticipates,” “estimate,” "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 SEC for the year ended December 31, 2019, and other filings with the SEC. Except as required by law, CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations:The IGB Group Leon Berman 212.477.8438 lberman@igbir.com Media Contact:Joele Frank, Wilkinson Brimmer KatcherJon Keehner / Julie Oakes / Kate Thompson212-355-4449

 

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