CAPVEST Income Corp. (TSX-V: CSV) Announces Future Intentions to Shareholders
01 Dezembro 2008 - 7:46PM
Marketwired
The Board of Directors of CAPVEST Income Corp. (the "Company")(TSX
VENTURE: CSV)(TSX VENTURE: CVS.DB) wishes to announce that the
Company intends to seek shareholder approval at a special meeting
to be held in February 2009 to voluntarily wind-up the Company.
Further details regarding the special meeting and the proposed
wind-up of the Company will be provided in a management information
circular that will be mailed to shareholders in January 2009.
The proposed voluntary wind-up of the Company will not affect
the Company's ability to repay in cash all remaining outstanding 7%
unsecured convertible debentures (the "Debentures") upon their
maturity on December 31, 2008. Upon completion of the wind-up and
sale of the assets of the Company, the remaining proceeds after
having repaid all amounts outstanding in respect of the Debentures
and any other obligations ranking in priority, will be distributed
to the Company's common shareholders.
The net asset value per common share as of November 27, 2008 was
$0.87.
CAPVEST Income Corp.
The investment objective of CAPVEST Income Corp. is to generate
income and capital appreciation through investing, directly or
indirectly, in a diversified group of infrastructure and energy
companies. Its common shares and Debentures trade on the TSX
Venture Exchange under the symbols CSV and CVS.DB,
respectively.
Sentry Select Capital Corp.
Sentry Select Capital Corp., the Company's Investment Manager,
is a Canadian wealth management company that manages a diverse
range of investment products including closed-end trusts, mutual
funds, hedge funds, principal-protected notes and flow-through
limited partnerships, covering a variety of domestic and global
mandates.
Certain statements included in this news release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions "expect", "intend", "will" and
similar expressions to the extent they relate to the Company. The
forward-looking statements are not historical facts but reflect the
Company's current expectations regarding future results or events.
These forward-looking statements are subject to a number of risks
and uncertainties that could cause actual results or events to
differ materially from current expectations, including, but not
limited to, the ability of the Company to fully repay in cash those
debentureholders as of the maturity date. Although the Company
believes that the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not
guarantees of future performance and, accordingly, readers are
cautioned not to place undue reliance on such statements due to the
inherent uncertainty therein. The Company undertakes no obligation
to update publicly or otherwise revise any forward-looking
statement or information whether as a result of new information,
future events or other such factors which affect this information,
except as required by law.
Sentry Select Capital Corp.
The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 861-8729
Fax: (416) 364-5615
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Sentry Select Capital Corp. Investor Services
(broker/investor and media inquiries) 1-888-739-4623 (416) 364-1197
(FAX) Email: info@sentryselect.com Website:
www.sentryselect.com
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