The Arrangement was approved by shareholders at the annual general and special meeting of the Company’s shareholders held on
Upon closing of the Arrangement, holders of Subordinate Voting Shares will be entitled to receive
Following the closing of the Arrangement, the Subordinate Voting Shares are expected to be voluntarily de-listed from the
About
The Company is an investment holding company with a business objective to maximize its intrinsic value on a per share basis over the long-term by seeking to achieve superior investment performance commensurate with reasonable risk. The Company intends to invest in equity, debt and/or hybrid securities of high-quality businesses. The Company initially intends to invest in approximately 10 to 15 high-quality small cap public and private businesses located primarily in
For additional information please contact:
Investor Relations
Email: IR@faxcapitalcorp.com
Website: www.faxcapitalcorp.com
Media Relations
Telephone: (416) 303-0799
Email: Kieran.lawler@loderockadvisors.com
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information. Such forward-looking information or statements (“FLS”) are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. FLS contained or referred to in this press release include, but are not limited to, statements regarding the completion of the Arrangement, the timing of such completion and the timing of the voluntary de-listing of the Subordinate Voting Shares from the
FLS are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect, including assumptions as to the ability of the parties to satisfy, in a timely manner, the conditions to the completion of the Arrangement and other expectations and assumptions concerning the Arrangement. The anticipated date indicated may change for a number of reasons. Accordingly, investors and others are cautioned that undue reliance should not be placed on any FLS.
Risks and uncertainties inherent in the nature of the Arrangement and the process for de-listing the Subordinate Voting Shares and ceasing to be a reporting issuer that could cause actual results to differ materially from those described in such FLS include, but are not limited to, the failure of the parties to satisfy the conditions to the completion of the Arrangement; failure of the parties to satisfy such conditions in a timely manner; the possibility of adverse reactions or changes in business relationships resulting from the completion of the Arrangement; the possibility of litigation relating to the Arrangement; credit, market, currency, operational, liquidity and funding risks generally and relating specifically to the Arrangement; significant Arrangement costs or unknown liabilities; the failure to realize the expected benefits of the Arrangement; and general economic conditions; as well as the identified risk factors included in the Company’s public disclosure, including the annual information form dated
Any FLS speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any FLS, whether as a result of new information, future events or results or otherwise. The FLS contained in this press release are expressly qualified by this cautionary statement. For more information on the Company, please review the Company's continuous disclosure filings that are available at www.sedar.com.
No securities regulatory authority has either approved or disapproved of the contents of this news release.
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