Founders Advantage Capital Corp. Announces Quarterly Results
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 11/10/16 -- Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to report its financial results for the quarter ended September 30, 2016 ("Q4 2016"). The comparative period is the quarter ended September 30, 2015 ("Q4 2015"). Note that during Q4 2016, the Corporation changed its year end from September 30 to December 31. As a result, the Corporation has a one-time, fifteen-month transition year, covering the months of October 2015 to December 2016. All results are presented in Canadian dollars. Readers should refer to the three and twelve months ended September 30, 2016 management discussion and analysis and condensed interim consolidated financial statements for complete information, which are available on SEDAR at and on the Corporation's website at .
Selected highlights
Notes:
Three months ended September 30, 2016 Financial Highlights
DLC Highlights
For the three months ended September 30, 2016, the Corporation would like to highlight the following financial highlights relating to DLC:
Non-IFRS measures
EBITDA is defined as earnings before interest, taxes, depreciation and amortization. Normalized EBITDA is defined as EBITDA before non-cash items such as share-based payments and losses recognized on the sale of investments, and any unusual non-operating one-time items such as corporate start-up costs and acquisition and due diligence costs. Readers are cautioned that EBITDA and Normalized EBITDA should not be construed as a substitute or an alternative to applicable generally accepted accounting principle measures as determined in accordance with IFRS.
About Founders Advantage Capital Corp.
The Corporation is listed on the TSX Venture Exchange as an Investment Issuer (Tier 1) and employs a permanent investment approach. The Corporation has developed an investment approach to create long-term value for its shareholders and partner entrepreneurs (investees) by pursuing majority interest acquisitions of cash flow positive middle-market privately held entities. The Corporation seeks to win mandates by appealing to the segment of the market which is not aligned with traditional private equity control, royalty monetizations or related structures. The Corporation's innovative platform offers disproportionate incentives (contractually) for growth in favour of our partner entrepreneurs. This unique platform is designed to appeal to entrepreneurs who believe in the growth of their businesses and who want the added ability to continue managing the business while partnering with a long-term partner.
The Corporation's common shares are listed on the TSX Venture Exchange under the symbol "FCF".
For further information, please refer to the Corporation's website at .
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Stephen Reid
Chief Executive Officer
403-455-7350
Darren Prins
Chief Financial Officer
403-455-2274
James Bell
General Counsel
403-455-2218
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Datum: 11.11.2016 - 01:45 Uhr
Sprache: Deutsch
News-ID 506388
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Investment Services & Trading
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