~Mr. Reusing brings extensive industry
experience as former CFO of a Canadian chartered bank~
TORONTO, Aug. 16,
2024 /CNW/ - Montfort Capital Corp. ("Montfort" or
the "Company") (TSXV: MONT) (OTCQB: MONTF), a trusted
provider of focused private credit strategies for institutional
investors, family offices, and wealth managers, today announced
that it has hired Josh Reusing as
its Chief Financial Officer. Mr. Reusing is a chartered
accountant who brings extensive experience in senior finance and
accounting roles. Most recently, Josh was Chief Financial
Officer of a federally-regulated Schedule I Canadian bank with over
$3 billion of assets. Mr.
Reusing replaces Brooke Jutzi who
has been serving as Interim Chief Financial Officer.
"Having managed the finance and accounting function of a growing
lender in a regulated environment for over 12 years, Josh brings a
unique skill set that is perfectly suited to Montfort and the business plan we are
executing," said Ken Thomson, CEO of
Montfort. "We are very pleased to have Josh on the executive
team and we would also like to extend our sincere gratitude to
Brooke who has been a diligent CFO in the interim
period."
"I am excited to be joining the Montfort team and contributing strategic
leadership for profitable business growth, underpinned by prudent
risk management," said Mr. Reusing. "The Montfort strategy is unique in the private
credit industry and I believe my background will be valuable in
supporting Montfort's growth
plan."
About Montfort Capital Corp.
Montfort is a trusted provider
of focused private credit strategies for institutional investors,
family offices, and wealth managers. We employ focused
strategies, experienced management teams and advanced technology to
drive superior risk-adjusted investment returns. For further
information, please visit www.montfortcapital.com
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 news release.
Forward-Looking Information
Certain information and statements in this news release contain
and constitute forward-looking information or forward-looking
statements as defined under applicable securities laws
(collectively, "forward-looking statements"). Forward-looking
statements normally contain words like 'believe', 'expect',
'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may',
'will', 'should', 'ongoing' and similar expressions, and within
this news release include any statements (express or implied)
respecting the future growth of the Company and the Company's
future financial performance.
Forward-looking statements are not guarantees of future
performance, actions, or developments and are based on
expectations, assumptions and other factors that management
currently believes are relevant, reasonable and appropriate in the
circumstances, including, without limitation, the assumption that
the Company and its investee companies are able to meet their
respective future objectives and priorities and assumptions
concerning general economic growth and the absence of unforeseen
changes in the legislative and regulatory framework for the
Company.
Although management believes that the forward-looking statements
are reasonable, actual results could be substantially different due
to the risks and uncertainties associated with and inherent
to Montfort's business. Material risks and uncertainties
applicable to the forward-looking statements set out herein include
but are not limited to: intense competition in all aspects of
business; reliance on limited management resources; general
economic risks; new laws and regulations and risk of litigation.
Although Montfort has attempted to
identify factors that may cause actual actions, events or results
to differ materially from those disclosed in the forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, predicted, estimated or
intended. Also, many of the factors are beyond the control of
Montfort. Accordingly, readers
should not place undue reliance on forward-looking statements.
Montfort undertakes no obligation
to reissue or update any forward-looking statements as a result of
new information or events after the date hereof except as may be
required by law. All forward-looking statements contained in this
news release are qualified by this cautionary statement.
SOURCE Montfort Capital Corp.