Effective at the close of business on Tuesday, Sept. 17, 2024, the common shares of Cliffside Capital Ltd. (CEP) will be delisted from TSX Venture Exchange. The delisting of Cliffside Capital shares results from the completion of a court-approved plan of arrangement under the Business Corporations Act (Ontario), pursuant to an arrangement agreement dated July 16, 2024, among Cliffside Capital, Cliffside Ltd. (the buyer) and two other arm's-length parties, whereby the buyer has acquired all of the issued and outstanding common shares of Cliffside Capital.

Under the terms of the arrangement, Cliffside Capital's shareholders received for 10 cents per common share (the consideration), other than common shares held by certain shareholders of Cliffside Capital that validly elected to receive common shares in the capital of the buyer. The arrangement was approved by the Cliffside Capital's shareholders on Sept. 4, 2024. To receive consideration, registered shareholders must surrender the certificates representing their Cliffside Capital securities together with a duly completed and corresponding executed letter of transmittal to Computershare Investor Services Inc., as further disclosed in the management information circular dated Aug. 8, 2024.

For further details, please refer to Cliffside Capital's management information circular dated Aug. 8, 2024, and news releases dated July 16, 2024, Sept. 4, 2024, and Sept. 13, 2024.