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TORONTO,
July 18, 2013 /CNW/ - Cymbria
Corporation ("Cymbria" or the "Company") [TSX: CYB] announced today
that it intends to redeem up to $5,281,500 of class A shares ("Class A Shares"),
at a price equal to 97% of the net asset value per Class A Share
for the five trading days before August 30,
2013 (the "Redemption Date"), and up to $3,459,000 of class J shares ("Class J Shares",
together with the Class A Shares, "Shares"), at a price equal to
97% of the net asset value per Class J Share for the five trading
days before the Redemption Date.
The deadline by which holders of Shares wishing
to participate must provide a duly completed Letter of Transmittal
(a "Redemption Notice") indicating their intention to surrender for
redemption one or more Shares is 5:00
p.m. Toronto time on
August 28, 2013 (the "Redemption
Notice Deadline"). Beneficial holders of Shares wishing to
participate must contact their broker for specific
instructions.
On the day following the Redemption Notice
Deadline, Cymbria will publicly
announce the total number of Shares surrendered for redemption, the
number of Shares it intends to redeem (the "Redeemed Shares") and
the price per Redeemed Share (the "Redemption Price"). Cymbria will redeem the Redeemed Shares on
August 30, 2013 and will pay the
Redemption Price for each Redeemed Share no later than September 14, 2013.
For more detailed information, please refer to
the Notice of Redemption on Cymbria's website at
www.edgepointwealth.com or on SEDAR at www.sedar.com.
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 planned redemption of Class A Shares
and Class J Shares, 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