Cymbria Corporation Announces Proposed Amendment to Articles to provide for a Liquidity Realization Opportunity

TORONTO, May 8, 2013 /CNW/ - Cymbria Corporation ("Cymbria" or the "Company") [TSX: CYB] today announced that it is proposing an amendment to its constating documents to provide for a Liquidity Realization Opportunity ("LRO") in respect of both Class A Shares and Class J Shares (collectively, the "Shares"). Cymbria's manager, EdgePoint Investment Group Inc. (the "Manager"), and Cymbria's board of directors have recommended to include a right for the Company to repurchase a number of Shares from time to time at a very small discount to net asset value per share ("NAV").

Summary of Liquidity Realization Opportunity Proposal
The purpose of this new feature is to increase Cymbria's attractiveness as an investment in two key ways:

			1.	Enhanced liquidity
				Acknowledging that liquidity requirements vary from investor to investor, the LRO has the potential to provide for greater overall liquidity of Shares.
			2.	Heightened flexibility
				Just as liquidity needs are specific to the individual investor, so too are investment time horizons. The LRO offers a potential ongoing opportunity for Shareholders to take advantage of the option to sell their Shares to the Company at a price close to NAV.

In certain circumstances where (i) Cymbria's portfolio has experienced growth in the previous fiscal year, (ii) Class A Shares are trading at a price less than 97% of NAV, and (iii) on the Manager's recommendation, the LRO would provide an opportunity for holders of Shares ("Shareholders") to dispose of Shares close to NAV. Should more Shareholders elect to participate in the LRO than the Company is willing to take up, such Shares will be taken up on a pro-rata basis. The proposed amendment does not affect any other rights of Shareholders or Share provisions.

It is anticipated that a minimum of 25% of the positive return of Cymbria's portfolio will be used in any given qualifying year to fund an LRO.

As soon as reasonably possible following receipt of shareholder approval, Cymbria is intending to undertake its initial LRO based on investment returns for the year ended December 31, 2012.

The Manager maintains its belief that Cymbria's growth drivers make it a superior investment vehicle. As such, the Manager intends to continue to use its Normal-Course Issuer Bid ("NCIB") to buy back shares if Cymbria's stock price trades at a meaningful discount to its NAV. The LRO does not affect the Company's ability to continue repurchasing Shares through the NCIB. The Manager believes buying back shares at an attractive discount to NAV makes sense for Cymbria's remaining shareholders.

Shareholder meeting
Cymbria is calling a special meeting of holders of Class A Shares and Class J Shares (the "Special Meeting") to ask for approval on the proposed amendment on or about June 27, 2013, and plans to mail to each Shareholder on or about June 5, 2013 its management information circular (the "Circular") outlining the proposal and other particulars to be acted on at the Special Meeting. The Circular will contain important detailed information about the LRO and the Special Meeting, and will be posted on www.sedar.com under the Company's profile. The Company anticipates setting a record date for the Special Meeting of May 27, 2013, or such other date that the Manager determines.

The LRO is also subject to approval by the Toronto Stock Exchange ("TSX").

May 9 Cymbria Corp. teleconference call
The Company is holding a conference call to discuss the proposed amendment, the details of which are as follows:

Date: Thursday, May 9, 2013
Time: 4:00 p.m. (Eastern Daylight Time)
Toll-free: 1.855.223.7309
Local Toronto area: 647.788.4929
Conference ID: 69577455

A call playback will be available by telephone until 11:59 p.m. (Eastern Daylight Time) on June 30, 2013.

Playback number: 1.855.859.2056
Conference ID: 69577455

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale or any acceptance of an offer to buy these securities in any jurisdiction in which the securities are not qualified for sale.

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

Contact: Patrick Farmer at 416.963.9353 or [email protected].