Pacific & Western Credit Corp. reported unaudited consolidated earnings results for the three months ended January 31, 2013. For the three months, the company reported net interest income of CAD 3,970,000 compared to CAD 2,999,000 a year ago. Loss before income taxes was CAD 276,000 compared to income before income taxes of CAD 461,000 a year ago. Net loss was CAD 1,098,000 compared to CAD 853,000 a year ago. Net loss available to common shareholders was CAD 1,115,000 or CAD 0.04 per basic and diluted share compared to CAD 870,000 or CAD 0.03 per basic and diluted share a year ago. Cash used in operating activities was CAD 65,872,000 compared to CAD 1,114,000 a year ago.

Pacific & Western Credit Corp. announced it will pay a quarterly dividend on its outstanding Class "B" Preferred Shares on March 31, 2013 at the rate of $2.25 per annum. The dividend will be in the amount of $0.563 per Class "B" Preferred Share, comprised of $0.21 cash and $0.353 in common shares of the company. Record date is March 15, 2013. The dividend is an eligible dividend for tax purposes.

Pacific & Western Credit Corp. (PWC) is looking for acquisition opportunities. PWC is planning to diversify its income and is considering options including the acquisition and management of income producing properties.