TORONTO, May 16, 2018 (GLOBE NEWSWIRE) — Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF) (TSX:DCF.DB) announces today that it is providing holders of its 8.0% convertible unsecured subordinated debentures due July 31, 2018 (the “Debentures”) a notice of redemption pursuant to which DCF will redeem $15,000,000 of its outstanding principal amount of the Debentures on June 15, 2018 (the “Redemption Date”). As of the date hereof, $29,161,000 aggregate principal amount of the Debentures remain outstanding.
The Debentures will be redeemed on the Redemption Date at par, plus accrued and unpaid interest to but excluding the Redemption Date. The full redemption price and interest owing on the Debentures will be satisfied in cash. As of the date hereof, the aggregate interest payment is expected to be approximately $444,000. Notice of redemption has been delivered to TSX Trust Company, as indenture trustee for the Debentures, in accordance with the trust indenture governing the Debentures. We continue to work to be in a position to fully pay for all maturing Debentures at or prior to maturity. For more details, please see disclosures in our financial statements and MD&A, which are available on the Company’s website at https://www.differencecapital.com and on SEDAR at https://www.sedar.com.
About Difference Capital Financial Inc.
Difference Capital Financial Inc. invests in and advises growth companies. We leverage our capital markets expertise to help unlock the value in technology, media and healthcare companies as they approach important milestones in their business lifecycle.
Caution Regarding Forward-Looking Statements
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Chief Executive Officer