Shor-Tech Investments, which invests in R&D companies in the field of fintech and inshortech, announced today that at the request of its investors it has decided on a dividend policy, according to which and according to the decision of the general partner board, Shor-Tech will distribute between 15% and 40% of net profits. For a partnership from the realization of investments in portfolio companies and / or in the partnership’s projects, similar to the calculation mechanism of the general partner. All this is subject to the distribution tests through cash distribution distribution. The dividend distribution policy will take effect upon approval of the merger of the participation units.
According to Ran Tzurur, CEO of Shur-Tech Investments, “Out of a desire to be attentive to our investors, we chose to come up with an innovative dividend distribution policy, according to which the formula for calculating the dividend will be similar to the general partner’s contribution mechanism. This policy will start from a future realization in Vesto and / or Gauax, in which we invested at the time of the initial public offering and developed a beautiful business in accordance with our expectations at the time of the investment. “
Earlier this month, Shur-Tech announced that it would invest about $ 800,000 in the portfolio company Lance. The investment was made as part of a round of recruitment that Lance is conducting, in which Eyal Waldman, one of the founders of Mellanox, will also invest in the company. Lance is a fintech company that provides financial envelopes to freelancers and freelancers in the United States. The company has developed a system that assists its customers in everything related to bookkeeping, taxes and collection and other relevant financial products.