CALGARY,
AB, Dec. 18, 2024 /CNW/ - Crown Capital
Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today
announced that it has set December 30,
2024 (the "Record Date") as the record date for determining
the holders (the "Debentureholders") of its 11% unsecured
subordinated debentures due December 31,
2026 (TSX: CRWN.NT) (the "Debentures"), that will be
entitled to receive the outstanding interest payment on the
Debentures that was due on June 30,
2024 (the "Deferred Interest Payment").
The Deferred Interest Payment will be in the amount of
$50 per $1,000 principal amount of Debentures, which
represents the interest due and unpaid on the Debentures from
December 31, 2023 up to, but
excluding, June 30, 2024. The
Deferred Interest Payment will be made by the Corporation on
December 31, 2024.
About Crown Capital Partners (TSX:CRWN)
Founded in 2000 within Crown Life Insurance Company, Crown
Capital Partners is a capital partner to entrepreneurs and growth
businesses mainly operating in the telecommunications
infrastructure, distribution services, and distributed power
markets. We focus on growth industries that require a specialized
capital partner, and we aim to create long-term value by acting as
both a direct investor in operating businesses serving these
markets and as a manager of investment funds for institutional
partners. For additional information, please visit
crowncapital.ca.
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward looking
statements" and certain "forward looking information" as defined
under applicable Canadian and U.S. securities laws. Forward-looking
statements can generally be identified by the use of
forward-looking terminology such as "may", "will", "expect",
"intend", "estimate", "anticipate", "believe", "continue", "plans"
or similar terminology. Forward-looking statements in this news
release include, but are not limited to, statements, management's
beliefs, expectations or intentions regarding the Deferred Interest
Payment. Forward-looking statements are based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions that while believed by management to be reasonable, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. Forward-looking
statements are subject to various risks and uncertainties
concerning the specific factors identified in the Crown's periodic
filings with Canadian securities regulators. See Crown's most recent annual information form
for a detailed discussion of the risk factors affecting Crown. In
addition, Crown's dividend policy will be reviewed from time to
time in the context of the Corporation's earnings, financial
requirements for its operations, and other relevant factors and the
declaration of a dividend will always be at the discretion of the
board of directors of the Corporation. Crown undertakes no
obligation to update forward-looking information except as required
by applicable law. Such forward-looking information represents
management's best judgment based on information currently
available. No forward-looking statement can be guaranteed and
actual future results may vary materially. Accordingly, readers are
advised not to place undue reliance on forward-looking statements
or information.
SOURCE Crown Capital Partners Inc.
