07:42:03 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Wilmington Capital Management Inc
Symbol WCM
Shares Issued 11,328,181
Close 2024-01-30 C$ 5.00
Market Cap C$ 56,640,905
Recent Sedar Documents

Wilmington Capital to seek sale of Marinas interest

2024-01-30 18:51 ET - News Release

An anonymous director reports

WILMINGTON SEEKS TO MONETIZE MARINAS INVESTMENT

Wilmington Capital Management Inc.'s board of directors has determined that the embedded value of Wilmington's marinas investment, including Maple Leaf Marinas LP (MLM), has been substantially realized. As a result, the corporation will seek to effect a sale of its approximate 17.32-per-cent interest therein (along with its corresponding general partner interest) in accordance with the MLM limited partnership agreement. Subject to applicable laws and after giving consideration to its ongoing liquidity needs, the corporation anticipates that it will effect a distribution to its shareholders out of proceeds received in connection with any such sale.

We seek Safe Harbor.

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