Mr. Bryan Sinclair of Partners Value reports
PARTNERS VALUE INVESTMENTS LP ACQUIRES COMMON SHARES OF TRISURA GROUP LTD.
Through a series of transactions during the period beginning on April 4, 2018, and ending on Oct. 29, 2018, Partners Value Investments LP acquired of a total of 263,400 common shares of Trisura Group Ltd., representing approximately 2 per cent of the outstanding common shares of Trisura Group. The acquired shares were purchased through the facilities of the Toronto Stock Exchange at an average price of $25.78 per common share for a total purchase price of $6,791,736.37. The price per common share ranged from $24.24 and $27.69.
Prior to the transactions, the partnership owned, directly or indirectly, 943,643 common shares, representing approximately 16.2 per cent of the issued and outstanding common shares. As a result of the transaction, the partnership beneficially owns, directly or indirectly, 1,207,034 common shares, representing approximately 18.2 per cent of the issued and outstanding common shares.
The partnership acquired the acquired shares for investment purposes. It may, depending on market and other conditions, or as future circumstances may dictate, increase or dispose of some or all of the common shares it holds or will hold, or may continue to hold its current position. The partnership has entered into an automatic share purchase plan with a designated broker in order to facilitate acquisitions of up to an additional 100,000 common shares by the partnership on Canadian marketplaces.
This press release is being issued pursuant to the requirements of National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, of the Canadian Securities Administrators. An early warning report with additional information in respect of the foregoing matters will be filed and available on the SEDAR profile of Trisura Group.
The partnership's head office is located at 181 Bay St., Suite 210, Toronto, Ont., M5J 2T3.
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