Cobra Venture Corporation announced that the Company's board of directors has approved a special, one-time cash dividend of $0.03 per common share (the "Special Dividend"). The Special Dividend will be payable on May 4, 2022 to shareholders of record as of the close of business on April 6, 2022. The aggregate amount of the payment to be in connection with this Special Dividend will be approximately $477,113.

The Company has decided to pay the Special Dividend based on several factors including the Company's recently announced year end financial results, the management team's assessment of the Company's future capital requirements and corporate and property interest opportunities.