DMCC Performance 1 Trust Announces Timing for Filing of Annual Financial Statements and Notice of Use of Proceeds

RICHMOND HILL, ON, March 31, 2020 /CNW/ - DMCC Performance 1 Trust ("DMCC" or the "Company") today announced that as a result of COVID-19's impact on business continuity procedures, including work from home policies, it will be delayed in meeting its filing deadline of April 30, 2020 to file its audited annual financial statements for the year ended December 31, 2019 and notice of use of proceeds (together, the "Filings").  Pursuant to blanket orders issued by regulatory authorities providing for a 45-day extension for certain filings, the Company expects to make the Filings as soon as practicable once it has completed its audit work.

Forward-Looking Statements

Certain statements in this press release constitute "forward looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, objectives or achievements of DMCC or industry results, to be materially different from any future results, performance, objectives or achievements expressed or implied by such forward looking statements. When used in this press release, words such as "may", "would", "could", "will", "expect", "anticipate", "estimate", "believe", "intend", "plan", and other similar expressions are intended to identify forward looking statements. These statements reflect DMCC's current views regarding future events and operating performance, are based on information currently available to DMCC, and speak only as of the date of this press release. These forward-looking statements involve a number of risks, uncertainties and assumptions and should not be read as guarantees that future performance or results will be achieved. Many factors could cause the actual results, performance, objectives or achievements of DMCC to be materially different from any future results, performance, objectives or achievements that may be expressed or implied by such forward looking statements.

The principal factors, assumptions and risks that DMCC made or took into account in the preparation of these forward looking statements include: DMCC's belief that the release of DMCC's financial results for the year ended December 31, 2019 and the other Filings may be delayed; risks relating to the impact of the COVID-19 outbreak, a rapidly evolving situation the impact of which could be material on DMCC's business and operations. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated or expected. Unless required by applicable securities law, DMCC does not intend and does not assume any obligation to update these forward-looking statements.

SOURCE DMCC Performance 1 Trust