Difference Capital Announces Partial Redemption of Its 8.0% Convertible Debentures

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TORONTO, May 16, 2018 (GLOBE NEWSWIRE) -- Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF) (TSX:DCF.DB) announces today that it is providing holders of its 8.0% convertible unsecured subordinated debentures due July 31, 2018 (the “Debentures”) a notice of redemption pursuant to which DCF will redeem $15,000,000 of its outstanding principal amount of the Debentures on June 15, 2018 (the “Redemption Date”).  As of the date hereof, $29,161,000 aggregate principal amount of the Debentures remain outstanding.

The Debentures will be redeemed on the Redemption Date at par, plus accrued and unpaid interest to but excluding the Redemption Date. The full redemption price and interest owing on the Debentures will be satisfied in cash. As of the date hereof, the aggregate interest payment is expected to be approximately $444,000. Notice of redemption has been delivered to TSX Trust Company, as indenture trustee for the Debentures, in accordance with the trust indenture governing the Debentures. We continue to work to be in a position to fully pay for all maturing Debentures at or prior to maturity. For more details, please see disclosures in our financial statements and MD&A, which are available on the Company’s website at https://www.differencecapital.com and on SEDAR at https://www.sedar.com.

Certain statements contained in this press release may be deemed “forward-looking statements.” Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “scheduled,” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Although DCF believes that the expectations reflected in those forward-looking statements are reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release. DCF undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise, other than as required by applicable law.

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Globe Newswire: 21:45 GMT Wednesday 16th May 2018

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