TORONTO, March 28, 2024 - SOL Global Investments Corp. ("SOL Global" or the "Company") (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) today reported audited financial results for the year ended November 30, 2023. The Company is also pleased to present a general operational update regarding its assets and investments. All figures in this press release are in Canadian dollars, unless otherwise indicated.

Audited Year-End Results

  • For the year-ended November 30, 2023, the Company recorded a net loss of $34 million vs. year- ended November 30, 2022, net loss of $297 million. This represents a favorable change of $263 million.
  • Total unrealized loss from investments totaled $29 million for the year-ended November 30, 2023, compared to an unrealized loss of $204 million for the year-ended November 30, 2022. This represents a favorable change of $175 million between periods.
  • Total realized loss from investments totaled $10 million for the year-ended November 30, 2023, compared to a realized loss of $35 million for the year-ended November 30, 2022. This represents a favorable change of $25 million between periods.
  • The Net Asset Value ("NAV") per share is equal to $0.14 at November 30, 2023 vs. $1.17 at November 30, 2022.

"During the last year, we have restructured key components of the Company while streamlining costs, and continue to work cooperatively with our creditors" stated Paul Kania, Interim CEO/CFO. "Our continued focus is to assist our investee companies on a path forward to liquidity for the benefit of SOL."

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SOL Global Investments Corp. published this content on 26 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 June 2024 18:19:19 UTC.