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TORONTO, July 18, 2013 /CNW/ - Cymbria Corporation ("Cymbria" or the "Company") [TSX: CYB] announced today that it intends to redeem up to $5,281,500 of class A shares ("Class A Shares"), at a price equal to 97% of the net asset value per Class A Share for the five trading days before August 30, 2013 (the "Redemption Date"), and up to $3,459,000 of class J shares ("Class J Shares", together with the Class A Shares, "Shares"), at a price equal to 97% of the net asset value per Class J Share for the five trading days before the Redemption Date.
The deadline by which holders of Shares wishing to participate must provide a duly completed Letter of Transmittal (a "Redemption Notice") indicating their intention to surrender for redemption one or more Shares is 5:00 p.m. Toronto time on August 28, 2013 (the "Redemption Notice Deadline"). Beneficial holders of Shares wishing to participate must contact their broker for specific instructions.
On the day following the Redemption Notice Deadline, Cymbria will publicly announce the total number of Shares surrendered for redemption, the number of Shares it intends to redeem (the "Redeemed Shares") and the price per Redeemed Share (the "Redemption Price"). Cymbria will redeem the Redeemed Shares on August 30, 2013 and will pay the Redemption Price for each Redeemed Share no later than September 14, 2013.
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.
This news release may contain forward-looking statements, specifically relating to the planned redemption of Class A Shares and Class J Shares, that are based on current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Cymbria is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.
SOURCE: Cymbria Corporation
For further information:
Patrick Farmer at 416.963.9353 or [email protected].