01:55 PM EST, 03/07/2024 (MT Newswires) -- Wilmington Capital Management (WCM-A.TO, WCM-B.TO) overnight Wednesday reported a fourth-quarter net loss of $226,000, or $0.02 per share, as compared with net income of $446,000, or $0.04 per share, for the same period in 2022.

Revenue for the three months ended Dec. 31, 2023, was $602,000, down from $1 million a year earlier.

The company has declared a special dividend of $2.75 per share to shareholders of record on March 18. The special dividend will be paid on March 28.

The company's stock surged 13% on last look on Thursday.

Price: 5.65, Change: +0.65, Percent Change: +13.00