(All figures in Canadian dollars)

TORONTO, Nov. 1, 2024 /CNW/ – Montfort Capital Corp. (“Montfort” or the “Company”) MONT, a trusted provider of focused private credit strategies for institutional investors, family wealth offices, and wealth managers, is pleased to announce it has closed the transaction previously announced on October 17, 2024, pursuant to which an affiliate of Round 13 Capital (“Round 13“), an arm’s length third party, acquired from the Company all of its right, title and interest to the entities comprising the TIMIA Capital business unit (the “TIMIA Group“), together with Montfort’s equity interests in the TIMIA Group investment funds.

The sale of the TIMIA Group included all-cash consideration of $4.5 million, subject to certain purchase price adjustments, and the purchaser’s acquisition from Pivot Financial I Limited Partnership (“Pivot“), an affiliate of Montfort, of $2 million in principal indebtedness of TIMIA Capital Holdings Limited Partnership, an entity comprising the TIMIA Group.

About Montfort Capital Corp.

Montfort is a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers.  Our experienced management teams employ focused strategies to drive superior risk-adjusted investment returns. Montfort’s business lines include:

• Brightpath Capital, one of Canada’s leading providers of alternative residential mortgages.
• Langhaus Financial, provides insurance policy-backed lending solutions to high-net-worth individuals and entrepreneurs in Canada.
• Nuvo Financial, is focused on providing net asset value (NAV) loans to small and mid-sized investment funds in Canada.
• Pivot Financial which specializes in asset-backed private credit targeting mid-market borrowers in Canada.

For further information, please visit www.montfortcapital.com.

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 news release.

Forward-Looking Statements 

This press release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

ON BEHALF OF THE BOARD
Ken Thomson
Director and CEO

SOURCE Montfort Capital Corp.

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