/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
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TORONTO, March 12, 2020 /CNW/ - Cymbria Corporation (TSX:
CYB) ("Cymbria") announced today that, with the assistance of an
independent valuator and the Investment Advisor, the value of
Cymbria's investment in EdgePoint
Wealth Management Inc. ("EdgePoint") has been decreased from
$ 254,400,000 to $219,200,000.
This adjustment is primarily the result of a reduction in assets
under management subsequent to December 31,
2019 as global equities declined in value caused by fear
over the COVID-19 pandemic's economic impact. It is expected this
will cause a decrease to Cymbria's
A share aNAV of approximately 3.3% or $1.50 per share.
After the revaluation, EdgePoint will represent approximately
21.4% of Cymbria's Portfolio.
ABOUT CYMBRIA
CORPORATION
Cymbria's investment objective
is to provide shareholders with long-term capital appreciation
through an actively managed portfolio comprised primarily of global
equities and an investment in EdgePoint Wealth Management Inc.
Cymbria began trading on the TSX
on November 4, 2008 under the symbol
CYB.
SOURCE Cymbria Corporation