Team

Management

Founders Advantage Releases Q1-2019 Results; Appoints Chief Financial Officer

Founders Advantage Releases 2018 Q4 and Annual Results; Announces Board Change

Founders Advantage Suspends Dividend and Amends Credit Facility to Permit Debt Repayment; Maintains Focus on Growing Four Assets

Dominion Lending Centres Served with Statement of Claim

Founders Advantage Capital Corp. Announces Executive Management Changes; Provides Corporate Update

Club16 Trevor Linden Fitness to Open New Tsawwassen Commons Location

Founders Advantage Capital Corp. Terminates Agreement to Acquire Full Ownership of Dominion Lending Centres

Founders Advantage Capital Corp. Releases Q3 2018 Results

Founders Advantage Capital Corp. Enters Definitive Agreement to Acquire Full Ownership of Dominion Lending Centres; Announces Special Meeting of Shareholders to Approve Acquisition

Founders Advantage Capital Corp. Announces Letter of Intent to Acquire
 Full Ownership of Dominion Lending Centres; Announces Management Changes

Founders Advantage Capital Corp. Declares Quarterly Dividend; Provides Update on Review Process and Management Change

Founders Advantage Releases Q2 2018 Results

Founders Advantage Capital Corp. Initiates Strategic Review Process

Calgary, Alberta – August 8, 2018 – (TSX-V: FCF) – Founders Advantage Capital Corp. (the “Corporation”) today announced it is initiating a formal strategic review process to explore alternatives for the enhancement of shareholder value.  The Corporation has formed a special committee of independent members of the Board of Directors (the “Special Committee”) to consider the various alternatives potentially available to the Corporation.

Kingsley Ward, Chairman of the Special Committee notes: “The Corporation is financially sound (even paying a quarterly dividend) and its four investments continue to perform as expected.  As such, the Board of Directors believes our common shares are undervalued and that it is time to consider all alternatives to maximize shareholder value.”

Management and the Board of Directors are committed to acting in the best interests of the Corporation and its shareholders and believe the strategic review is in the best interests of the Corporation and its shareholders.

The Corporation does not intend to set a definite schedule to complete its evaluation or process and cautions that there are no assurances or guarantees that the process will result in a transaction or, if a transaction is undertaken, the terms or timing of such a transaction.  The Corporation does not plan to disclose or comment on developments regarding the strategic review until further disclosure is deemed appropriate.

About Founders Advantage Capital Corp.

The Corporation is listed on the TSX Venture Exchange as an Investment Issuer (Tier 1) and employs a long-term investment approach. The Corporation has developed an investment approach to create long-term value for its shareholders and partner entrepreneurs (investees) by pursuing controlling interest acquisitions of cash flow positive, premium middle-market privately-held entities. The Corporation seeks to win mandates by appealing to the segment of the market which is not aligned with traditional private equity control, royalty monetizations or related structures. The Corporation’s innovative platform offers incentives (contractually) for growth in favour of our partner entrepreneurs. This unique platform is designed to appeal to entrepreneurs who believe in the growth of their businesses and who want the added ability to continue to manage the business with a long-term partner.

The Corporation’s common shares are listed on the TSX Venture Exchange under the symbol “FCF”.

For further information please refer to the Corporation’s website at www.advantagecapital.ca.

Contact information for the Corporation is as follows:

James Bell
General Counsel
403-455-2218
jbell@advantagecapital.ca

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Founders Advantage Capital Corp. Provides Update on Dominion Lending Centres Q2 Funded Mortgage Volumes

Calgary, Alberta – July 18, 2018 – (TSX-V: FCF) – Founders Advantage Capital Corp. (the “Corporation”) is pleased to report that funded mortgage volumes for its investee Dominion Lending Centres (“DLC”) for the three and six months ended June 30, 2018 were $9.200 billion and $16.214 billion, respectively, compared to funded mortgage volumes of $8.548 billion and $15.318 billion for the three and six months ended June 30, 2017.  The Corporation owns a 60% interest in DLC, which is the largest mortgage brokerage firm (by volume) in Canada.

Stephen Reid, President and CEO commented: “DLC continues to surpass our expectations in today’s real estate market as they had a great start to the year in Q1 and continued that momentum into Q2.  Q2-18 funded mortgage volumes are up 7.6% when compared with the same period in 2017.  Management believes that these results demonstrate the resilience of the DLC franchise.”

The following figure highlights DLC’s quarterly and YTD funded mortgage volumes in 2018 (quarterly funded mortgage volumes are seasonal as they are based on the seasonal trends in the housing market):

 

  2017 2018 Variance (%) Variance ($)
Q1 – Funded Volumes $6,769,244,000 $7,014,054,000 +3.6% +$244,810,000
Q2 – Funded Volumes $8,548,385,000 $9,199,837,000 +7.6% +$651,452,000
6-Months Funded Volumes $15,317,629,000 $16,213,891,000 +5.9% +$896,262,000

 

The Corporation anticipates releasing its consolidated financial results for the three and six months ended June 30, 2018 on or about August 21, 2018.

About Founders Advantage Capital Corp.

The Corporation is listed on the TSX Venture Exchange as an Investment Issuer (Tier 1) and employs a long-term investment approach. The Corporation has developed an investment approach to create long-term value for its shareholders and partner entrepreneurs (investees) by pursuing controlling interest acquisitions of cash flow positive, premium middle-market privately-held entities. The Corporation seeks to win mandates by appealing to the segment of the market which is not aligned with traditional private equity control, royalty monetizations or related structures. The Corporation’s innovative platform offers incentives (contractually) for growth in favour of our partner entrepreneurs. This unique platform is designed to appeal to entrepreneurs who believe in the growth of their businesses and who want the added ability to continue to manage the business with a long-term partner.

The Corporation’s common shares are listed on the TSX Venture Exchange under the symbol “FCF”.

For further information please refer to the Corporation’s website at www.advantagecapital.ca.

Contact information for the Corporation is as follows:

Amar Leekha
Senior Vice-President, Capital Markets
403-455-6671
aleekha@advantagecapital.ca
 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Founders Advantage Capital Corp. Announces Approval of Normal Course Issuer Bid

Calgary, Alberta – June 27, 2018 – Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation”) announces that it has obtained approval from the TSX Venture Exchange (the “Exchange”) for a normal course issuer bid through the facilities of the Exchange.  The normal course issued bid will be for a 12 month duration, commencing on June 27, 2018 and ending on June 26, 2019.

Pursuant to the notice of intention filed with the Exchange, the Corporation intends to purchase for cancellation, through the facilities of the Exchange and at the market price of the Corporation’s common shares (“Common Shares”) at the time of purchase, up to 2,250,000 Common Shares, representing approximately 5.9% of the Corporation’s issued and outstanding Common Shares. The member who will conduct the normal course issuer bid on behalf of the Corporation is National Bank Financial Inc. (“NBF”). The actual number of Common Shares that may be purchased and the timing of any such purchases will be determined by the Corporation and will be made in accordance with the requirements of the Exchange.

Management of the Corporation believes that the present trading price of the Common Shares of the Corporation is at a significant discount to a figure which is reflective of the Corporation’s value as a whole. This being the case, management is of the view that it is in the best interests of all shareholders of the Corporation that, from time to time, Common Shares be acquired by the Corporation and returned to treasury, thus increasing the Corporation’s value per Common Share for remaining shareholders.

The Corporation will enter into a pre-defined plan with NBF to allow for the purchase of Common Shares by the Corporation at times when it ordinarily would not be active in the market due to internal trading blackout periods.

About Founders Advantage Capital Corp.

The Corporation is listed on the TSX Venture Exchange as an Investment Issuer (Tier 1) and employs a long-term investment approach. The Corporation has developed an investment approach to create long-term value for its shareholders and partner entrepreneurs (investees) by pursuing controlling interest acquisitions of cash flow positive, premium middle-market privately-held entities. The Corporation seeks to win mandates by appealing to the segment of the market which is not aligned with traditional private equity control, royalty monetizations or related structures. The Corporation’s innovative platform offers incentives (contractually) for growth in favour of our partner entrepreneurs. This unique platform is designed to appeal to entrepreneurs who believe in the growth of their businesses and who want the added ability to continue to manage the business with a long-term partner.

The Corporation’s common shares are listed on the TSX Venture Exchange under the symbol “FCF”.

For further information please refer to the Corporation’s website at www.advantagecapital.ca.

Contact information for the Corporation is as follows:

Amar Leekha
Senior Vice-President, Capital Markets
403-455-6671
aleekha@advantagecapital.ca
 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

 

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