TORONTO, Nov. 28, 2018 /CNW/ - MFL Management Limited
(the "Corporation") hereby announces that it has filed an updated
early warning report in respect of its holdings of equity shares
("Equity Shares") of MBN Corporation ("MBN") to reflect that
certain members of the joint actor group referred to in the
Corporation's early warning report dated May
29, 2014 are no longer acting jointly or in concert in
respect of their holdings of Equity Shares.
Prior to the termination of the former joint actor group and
completion of the merger of Globalance Dividend Growers Corp. into
MBN on August 29, 2018, the
Corporation, together with such joint actors, owned 996,434 Equity
Shares, representing approximately 26.75% of the then issued and
outstanding Equity Shares. The Corporation currently owns 865,121
Equity Shares, representing approximately 17.83% of the outstanding
Equity Shares. Together with Equity Shares owned by joint actors as
set out in the updated early warning report, the Corporation's
Equity Share holdings represent approximately 18.61% of the
outstanding Equity Shares. The Corporation and such joint actors
may from time to time purchase additional Equity Shares for
investment purposes.
This press release may contain forward-looking information,
including with respect to the future acquisitions of Equity Shares
of MBN. The forward-looking information contained in this press
release constitutes current expectations, as of the date of this
press release, with respect to the matters covered hereby.
Investors and others should not assume that any forward-looking
statement contained in this press release represents an estimate as
of any date other than the date of this press
release.
A copy of the early warning report regarding the Corporation's
holdings of Equity Shares can be found at www.sedar.com or can be
obtained by contacting the Corporation at the address specified
below:
SOURCE MFL Management Limited