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8-K - PRIMARY DOCUMENT - General Finance CORP | form_8k.htm |
EXHIBIT 99.1
GENERAL FINANCE CORPORATION DECLARES DIVIDEND OF $2.30 PER SHARE ON
ITS 9.00% SERIES C CUMULATIVE REDEEMABLE PERPETUAL PREFERRED
STOCK
PASADENA,
CA – July 14, 2017 – General Finance Corporation
(NASDAQ:GFN), a leading specialty rental services company offering
portable storage, modular space and liquid containment solutions
(the “Company”), announced today that in accordance
with the terms of its 9.00% Series C Cumulative Redeemable
Perpetual Preferred Stock (NASDAQ:GFNCP) (the “Series C
Preferred Stock”), the Board of Directors has declared a cash
dividend of $2.30 per share. The dividend is the seventeenth
dividend being paid by the Company on its Series C Preferred Stock
and is payable with respect to the period commencing on April 30,
2017 and ending on July 30, 2017. This dividend is payable on July
31, 2017 to preferred stockholders of record as of July 30,
2017.
About General Finance Corporation
Headquartered
in Pasadena, California, General Finance Corporation (NASDAQ: GFN,
www.generalfinance.com) is a
leading specialty rental services company offering portable
storage, modular space and liquid containment solutions.
Management’s expertise in these sectors drives disciplined
growth strategies, operational guidance, effective capital
allocation and capital markets support for the Company’s
subsidiaries. The Company’s Asia-Pacific leasing operations
in Australia and New Zealand consist of majority-owned Royal Wolf
Holdings Limited (www.royalwolf.com.au), the leading provider
of portable storage solutions in those countries. The
Company’s North America leasing operations consist of
wholly-owned subsidiaries Pac-Van, Inc. (www.pacvan.com) and Lone Star Tank Rental
Inc. (www.lonestartank.com), providers of portable storage, office
and liquid storage tank containers, mobile offices and modular
buildings. The Company also owns Southern Frac, LLC
(www.southernfrac.com), a manufacturer of portable liquid storage
tank containers and other steel-related products in North America.
Royal Wolf’s shares trade under the symbol “RWH”
on the Australian Securities Exchange.
Investor/Media Contact
Larry
Clark
Financial
Profiles, Inc.
(310)
622-8223