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PREMIUM BRANDS HOLDINGS CORPORATION REPORTS RECORD FOURTH QUARTER AND 2020 RESULTS , $ 550.4 MILLION IN ACQUISITIONS AND A 10.0 % DIVIDEND INCREASE VANCOUVER , B.C. , March 11 , 2021. Premium Brands Holdings Corporation ( TSX : PBH ) , a leading producer , marketer and distributor of branded specialty food products , announced today its results for the fourth quarter of 2020 . HIGHLIGHTS • • • • • Fourth quarter record revenue of $ 1.1 billion representing a 10.1 % , or $ 97.1 million , increase as compared to the fourth quarter of 2019 Organic volume growth of 5.2 % , or 10.7 % after excluding the estimated impact of COVID - 19 , which continues to impact the Company's sales to the fine dining , airline and cruise line channels Record fourth quarter adjusted EBITDA of $ 87.7 million representing a 16.8 % , or $ 12.6 million , increase as compared to the fourth quarter of 2019 Record fourth quarter adjusted EPS of $ 0.86 per share as compared to $ 0.79 per share in the fourth quarter of 2019 During the quarter , the Company completed the acquisition of Allseas Fisheries , and subsequent to the quarter , completed the acquisitions of Starboard Seafood , Distribution Cote - Nord and a 50 % interest in Clearwater Seafood resulting in $ 550.4 million of capital being allocated The Company ended the quarter with a 0.6 to 1 senior debt to adjusted EBITDA ratio and approximately $ 880 million in available credit capacity . Reflecting business acquisitions and a $ 200 million credit facility increase completed subsequent to the quarter , the Company's pro- forma senior debt to adjusted EBITDA ratio and available credit capacity are 1.9 to 1 and $ 600 million , respectively The Company increased its quarterly dividend by 10.0 % to $ 0.635 per share or $ 2.54 per share annually , from $ 0.5775 per share or $ 2.31 per share annually CONFERENCE CALL The Company will hold a conference call to discuss its fourth quarter 2020 results on Thursday , March 11 , 2021 at 10:30 a.m. PST ( 1:30 p.m. EST ) . An investor presentation that will be referenced on the conference call is available here or the Company's website at http://www.premiumbrandsholdings.com . on Access to the call may be obtained by calling the operator at ( 833 ) 300-9218 / ( 647 ) 689-4551 ( confirmation code : 2970818 ) up to ten minutes prior to the scheduled start time . For those who are unable to participate , a recording of the conference call will be available through to 8:59 p.m. PST on March 25 , 2021 at ( 855 ) 859-2056 / ( 404 ) 537-3406 ( passcode : 2970818 ) . Alternatively , a recording of the conference call will be available at the Company's website at http://www.premiumbrandsholdings.com .