~Langhaus Financial increases bank loan capacity with its largest lending partner and
"The additional capacity comes at a highly opportune time for our insurance lending business," said
On
The Series 1 Shares are also redeemable by the Company at
Please refer to the full terms and conditions of the Series 1 Shares included in the Articles of Company and posted to the Company's SEDAR profile at www.sedar.com.
The Company is pleased to announce closing of share exchange agreements (the "Share Exchanges") with all holders (the "LFC Shareholders") of each series of the Class A Preferred Shares in
In connection with the Share Exchange, the Company has also entered into arrangements with certain holders of Series 1 Shares regarding the future potential redemption of their Series 1 Shares.
As a leading non-bank provider of insurance policy-backed lending solutions, Langhaus collaborates closely with major insurance companies and top advisers in
The significant increase in lending capacity reinforces Langhaus' position as the leader in the insurance policy-backed lending market, delivering exceptional financial solutions to its valued clientele across
Montfort manages a diversified group of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee-related performance. Montfort facilitates transparency for all of its investors through public company reporting. For further information, please visit www.montfortcapital.com
Neither the
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.
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