/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE U.S./
TORONTO, Nov. 25, 2021 /CNW/ - Cliffside Capital Ltd.
("Cliffside" or the "Corporation") (TSXV: CEP) is pleased to
announce that the nominees listed in the management proxy circular
(the "Circular") for the 2021 Annual and Special Meeting of
shareholders of Cliffside (the "Meeting") held today in
Toronto, Ontario were elected as
directors of the Corporation.
Detailed results of the votes by proxy for the election of
directors held at the Meeting are set out below.
Nominee
|
Votes
For
|
%
For
|
Votes
Withheld
|
%
Withheld
|
Michael
Stein
|
48,440,600
|
100%
|
0
|
0%
|
Stephen
Malone
|
48,440,600
|
100%
|
0
|
0%
|
Mark H.
Newman
|
46,693,873
|
96.39%
|
1,746,727
|
3.61%
|
Keith L.
Ray
|
48,440,600
|
100%
|
0
|
0%
|
Todd
Skinner
|
48,440,600
|
100%
|
0
|
0%
|
Richard
Valade
|
48,440,600
|
100%
|
0
|
0%
|
At the Meeting, the shareholders of the Corporation also
approved: (i) the re-appointment of PricewaterhouseCoopers LLP as
auditors of the Corporation, and authorized the board of directors
of the Corporation to fix the auditor remuneration, with 100% of
the votes cast at the Meeting in favour; and (ii) ratified the
Corporation's existing amended and restated stock option plan, with
100% of the votes cast at the Meeting in favour.
About Cliffside
Cliffside is focused on investing in strategic partnerships with
parties who have specialized expertise and a proven track record in
originating and servicing loans and similar types of financial
assets. Cliffside's strategy is to generate revenue as an investor,
affording its shareholders an opportunity to invest in the growing
alternative lending sector with the potential for attractive yields
and minimal operational risk while earning a reliable total return.
For more information, see Cliffside's filings on SEDAR at
www.sedar.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION: This news release includes certain
"forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements include, but are not
limited to, statements with respect to the business and operations
of Cliffside. Forward-looking statements are necessarily based upon
a number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking statements. Such factors include, but are not
limited to: general business, economic, competitive, political and
social uncertainties; the results of operations; potential for
conflicts of interests; the availability of appropriate finance
receivables that may be purchased by the Company's limited
partnerships under existing funding facilities; and volatility of
Common Share price and volume. There can be no assurance that such
statements will prove to be accurate or complete, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. Cliffside disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
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.
SOURCE Cliffside Capital Ltd.