/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
TORONTO, June 29, 2022 /CNW/ - Cymbria Corporation (TSX: CYB) ("Cymbria") announced today that with the assistance of an independent valuator and the Valuation Committee, the value of Cymbria's investment in EdgePoint Wealth Management Inc. ("EdgePoint") has been decreased from $265,499,235 to $241,421,648. It is expected this will result in a decrease to Cymbria's A share aNAV of approximately 1.72% or $0.98 per share.
After the revaluation, EdgePoint will represent approximately 18.4% of Cymbria's Portfolio.
ABOUT CYMBRIA CORPORATION
Cymbria's investment objective is to provide shareholders with long-term capital appreciation through an actively managed portfolio comprised primarily of global equities and an investment in EdgePoint Wealth Management Inc. Cymbria began trading on the TSX on November 4, 2008 under the symbol CYB.
SOURCE Cymbria Corporation
© Canada Newswire, source Canada Newswire English