13:03:47 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Cymbria Corp
Symbol CYB
Shares Issued 16,295,074
Close 2024-02-21 C$ 65.30
Market Cap C$ 1,064,068,332
Recent Sedar Documents

Cymbria to increase amounts for share redemption

2024-02-21 20:23 ET - News Release

An anonymous director reports

CYMBRIA CORPORATION ANNOUNCES TERMS OF LIQUIDITY REALIZATION OPPORTUNITY

In accordance with Cymbria Corp.'s previously announced liquidity realization opportunity, 809,496 Class A shares and 12,750 Class J shares have been tendered for redemption.

With the approval of the board of directors, the company will increase the aggregate amount of funds available to redeem Class A shares and redeem 809,496 Class A shares at a price per Class A share of $69.2376 and 12,750 Class J shares at a price per Class J share of $77.7396 on Feb. 22, 2024. Holders of Class A shares and/or Class J shares shall receive payment for their redeemed Class A shares and/or Class J shares by March 7, 2024.

To assist shareholders in determining the Canadian income tax consequences of the redemption of their Class A shares and/or Class J shares, the company has determined that for purposes of the Income Tax Act (Canada), the paid-up capital per Class A share and Class J share is estimated to be $9.38 and $10, respectively, at the time of the redemption under the liquidity realization opportunity. The dividends deemed to have been paid by the company are designated as eligible dividends for purposes of the tax act and any corresponding provincial and territorial tax legislation.

The specified amount for purposes of Subsection 191(4) of the tax act is $65.30 in respect of each Class A share and $73.32 in respect of each Class J share.

About Cymbria Corp.

Cymbria's investment objective is to provide shareholders with long-term capital appreciation through an actively managed portfolio composed primarily of global equities and an investment in EdgePoint Wealth Management Inc. Cymbria began trading on the Toronto Stock Exchange on Nov. 4, 2008, under the symbol CYB.

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