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Tuckamore Capital Management Inc. Announces Maturity and Repayment of 3.624% Convertible Unsecured Debentures

Marketwired

TORONTO, ONTARIO--(Marketwired - March 24, 2014) -

NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Tuckamore Capital Management Inc. (TX.TO)(TX-DBB.TO) ("Tuckamore" or the "Company") announced today that the Company's 3.624% unsecured debentures due 2014 (the "Debentures") have been repaid in accordance with their terms. Pursuant to a mandatory conversion upon maturity, the Company has satisfied the total principal owing under the Debentures in the amount of $26,552,000 by the issuance of a total of 8,493,143 common shares of the Company. Accrued interest in the amount of $2,886,733.44 was paid in cash. Following the issuance of the common shares, Tuckamore has a total of 80,124,574 common shares issued and outstanding. The Debentures are to be delisted from the Toronto Stock Exchange effective today.

About Tuckamore:

Tuckamore has investments in seven businesses representing a diverse cross-section of the Canadian economy.