TORONTO, Dec. 04, 2017 (GLOBE NEWSWIRE) --
NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A)(CSE:URB)(CSE:URB.A) is pleased to announce that as of the close December 1st, 2017, its net asset value per share (“NAVPS”) reached a new all-time high of $5.004, exceeding $5 for the first time. Total net assets for Urbana are now over $250 million.
Much of the contribution to this year’s growth has been from our large U.S. financial positions. Urbana’s NAVPS at the end of 2016 was $4.48, prior to our $0.10 per share dividend in January 2017.
Two of Urbana’s largest private investments, Real Matters Inc. and BSE Ltd. (Bombay Stock Exchange) became public companies in 2017. Urbana’s current private holdings include the Canadian Securities Exchange (“CSE”), Minneapolis Grain Exchange (”MGEX”) and HighView Financial Group, a leading Canadian provider of family office services.
“Through a powerful combination of private and public investments, Urbana is having a very strong 2017 for our shareholders,” says Thomas S. Caldwell, Chairman of Urbana Corporation. “We believe that Urbana’s permanent capital base allows it to act quickly as opportunities arise.”
About Urbana Corporation
Urbana Corporation is a diversified investment corporation. Its strategy is to seek out, and invest in, private investment opportunities for capital appreciation and to invest in publicly traded securities to provide growth, income and liquidity.
The mix of an actively managed portfolio of publicly traded securities with private equity investments ensures non-committed assets are productively employed as we seek out, evaluate and participate in opportunities within the non-public sphere.
Please contact Elizabeth Naumovski, Investor Relations, at 416-595-9106 for further information.
www.urbanacorp.com
Forward-Looking Information
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