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TORONTO, Dec. 11, 2014 /CNW/ - Cymbria Corporation (TSX: CYB) ("Cymbria") announced today that with the assistance of an independent valuator, the Valuation Committee and Cymbria's Board of Directors, the value of Cymbria's investment in EdgePoint Wealth Management Inc. ("EdgePoint") has been increased from $35,646,025 to $62,439,718. It is expected this will result in an increase to Cymbria's A share NAV of approximately 4.5% or $1.15 per share.
After the revaluation, EdgePoint will represent approximately 10.1% of Cymbria's Portfolio.
Previously, Cymbria's Board of Directors and the Valuation Committee determined EdgePoint's value. As an enhancement to the valuation process, Cymbria now enlists an independent valuator.
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
For further information: Patrick Farmer at 416.963.9353 or [email protected]