/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
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TORONTO, Dec. 15, 2015 /CNW/ - Cymbria Corporation
("Cymbria") [TSX: CYB]
announced that holders of Class A shares and Class J shares
(collectively, the "Shareholders"), at the special meeting
("Meeting") held today, have approved Cymbria's proposal to transition from the
Canadian securities regime for investment funds to the regulatory
regime for reporting issuers that are not investment funds (the
"Transition"). The Transition will take effect on
January 1, 2016.
The Transition will result in Cymbria no longer being an investment fund
under applicable securities laws and therefore not subject to the
investment restrictions applicable to closed-end investment funds.
Shareholders will see no significant change in the way Cymbria operates as a result of the
Transition, except for the timing and the manner in which it
reports to Shareholders, which will be in compliance with the rules
applicable to non-investment fund reporting issuers.
At the Meeting held today, Shareholders of 40.80% of the Class J
Shares and Class A Shares, voting together as a single class,
present or represented by proxy, voted 100% in favour of the
Transition. "The approval of the Transition will allow Cymbria to continue to fulfill the broad
investment mandate that we have had since our initial public
offering" says Patrick Farmer,
Cymbria's Chairman of the
Board.
Further details on the Transition will be released as
Cymbria files its continuous
disclosure documents in respect of the year end 2015.
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 complete the Transition,
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
