TORONTO, Nov. 17, 2017 /CNW/ - LOGiQ Asset Management Inc. ("LOGiQ", or the "Company") (TSX:LGQ) has mailed a supplement dated November 13, 2017 (the  "Supplement") to the Joint Management Information Circular dated October 11, 2017 (the "Circular") to the holders (the "Shareholders") of the common shares in the capital of the Company and the holders (the "Debentureholders") of the Company's 7.00% senior unsecured convertible debentures due June 30, 2021 (the "Debentures").

The Supplement describes the revised terms of the proposed amendments to the Debentures (the "Revised Debenture Amendments") to be made in connection with the sale by the Company to Purpose Investments Inc. of its retail asset management business (the "Transaction"). The Revised Debenture Amendments resulted from discussions between the Company and certain Debentureholders and include, among other changes, an increase in the retraction price for the retraction right Debentureholders will receive if the Transaction closes to $1,010 (from $1,000) and an increase in the maximum principal amount of Debentures that the Company must redeem to $15,170,000 (from $10,113,000).

As previously announced, in order to provide Shareholders and Debentureholders the opportunity to review the Supplement and consider the Revised Debenture Amendments, the special meetings of Shareholders and Debentures (the "Meetings") originally scheduled for November 10, 2017 have been adjourned to December 8, 2017. Debentureholders holding a significant percentage of the Debentures have indicated that they intend to vote in favour of the Transaction and the revised Debenture Amendments at the adjourned Meetings.

The record date for the Meetings is unchanged. Shareholders and Debentureholders of record on October 4, 2017 were mailed the Supplement and will be entitled to vote at the adjourned Meetings. The Supplement is also available at www.sedar.com.

The form of proxy sent with the Circular remains valid for use at the adjourned Meetings, and no new form of proxy was provided with the Supplement. As the Shareholder resolution and the Debentureholder resolution to be considered at the adjourned Meetings are not affected by the Revised Debenture Amendments described in the Supplement, Shareholders or Debentureholders who have already submitted a proxy or voting instruction and do not wish to change their vote, do not need to take any further action with respect to the applicable Meeting. Shareholders or Debentureholders who wish to change their vote should refer to "Revocation of Proxies" in the Circular or contact us at 416-583-2300 or ir@logiqasset.com.

The closing of the Transaction, which is expected to occur on or about December 15, 2017, is subject to a number of conditions precedent in addition to the approval by the Shareholders and Debentureholders, including all required securities regulatory and stock exchange approvals, and satisfaction of other customary closing conditions.

LOGiQ (logiqasset.com) is a diversified asset management company with a suite of retail mutual funds, closed end funds, hedge funds and pooled funds, and also provides segregated institutional managed accounts and institutional advisory sales.  Excluding the retail assets under management that are the subject of the Transaction, LOGiQ has assets under management or advisement, and institutional advisory sales-related fee earning arrangements that are not managed or advised, totaling approximately $3.5 billion as at August 11, 2017.

Forward-Looking Statements: This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward- looking statements throughout this news release.  Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.

SOURCE LOGiQ Asset Management Ltd.