TORONTO, ONTARIO--(Marketwire - June 28, 2012) - C.A. Bancorp Inc. ("C.A. Bancorp" or the "Company") (TSX:BKP) announces the results from its 2012 annual and special meeting of shareholders (the "Meeting") held earlier today.
At the Meeting, shareholders voted in favour of all items of business, including the special resolution authorizing the Company to reduce its stated capital which is necessary in order to facilitate distributions of cash to shareholders.
At the Meeting, the Chairman of the Board, Paul Haggis noted that, "With a record number of shares voting, today's outcome reflects clear support for C.A. Bancorp's Realization Strategy. With this endorsement, C.A. Bancorp can now get to work on the implementation of the second phase of the Realization Strategy which is evaluating alternative methods of distributing cash to shareholders. As we work out a plan to distribute cash in a manner that best serves the interests of C.A. Bancorp and its shareholders, the Company will continuously look at other alternatives to achieve and deliver superior value to the Company and its shareholders."
C.A. Bancorp Inc.
C.A. Bancorp is a publicly traded Canadian merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment opportunities. C.A. Bancorp has historically focused on investments in small- and middle-capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors. The Company is currently executing its Realization Strategy.
This release includes certain forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue" or the negative thereof or variations thereon or similar terminology. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These forward-looking statements are subject to a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements. Reference should be made to the risk factors in the Company's Annual Information Form and in the Management's Discussion and Analysis for the year ended December 31, 2011 and in the Directors' Circular dated June 4, 2010 and in our other filings with Canadian securities regulators available at www.sedar.com.
|C.A. Bancorp Inc.
|401 Bay Street, Suite 1600
|Toronto, Ontario M5H 2Y4
|Telephone: (416) 214-5985
|Fax: (416) 861-8166