TORONTO,
June 27, 2013 /CNW/ - Cymbria
Corporation ("Cymbria") [TSX: CYB] today announced that
shareholders have overwhelmingly approved its proposal to amend its
constating documents to provide for a Liquidity Realization
Opportunity ("LRO") in respect of both Class A Shares and Class J
Shares. Subject to the satisfaction of certain conditions and
receipt of board approval, Cymbria's first LRO will be initiated on or
about July 22, 2013 with a redemption
date to tender shares on or about August 30,
2013.
At a Special Meeting held today, holders of 55%
of Class J Shares and 38% of Class A Shares, present or represented
by proxy, voted 100% and 99.5% in favour of the LRO, respectively.
"The enormously positive response to our proposal reflects our
belief that we're doing the right thing for our shareholders," says
Patrick Farmer, Cymbria's Chairman of the Board. "Proxy voting
typically isn't high on most people's list of things to do. The
vast support we received for this LRO initiative is a testament to
our deep partnerships with our shareholders."
Further details on the approaching LRO will be
released in the coming weeks.
ABOUT CYMBRIA CORPORATION
Cymbria's investment objective is
to provide shareholders with long-term capital appreciation through
an actively managed portfolio comprised primarily of global
equities and an investment in EdgePoint Wealth Management Inc.
Cymbria began trading on the TSX
on November 4, 2008 under the symbol
CYB.
FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements,
specifically relating to the intention to initiate an LRO, that are
based on current expectations and are subject to known and unknown
uncertainties and risks, which could cause actual results to differ
materially from those contemplated or implied by such
forward-looking statements. Cymbria is under no obligation to update any
forward-looking statements contained herein should material facts
change due to new information, future events or otherwise.
SOURCE Cymbria Corporation