Cymbria Corporation
Cymbria Corporation update as at January 2, 2009
As at December 26th, 2008, 91% of Cymbria was invested in global equities, with the balance invested in cash. We are close to our goal of being fully invested – which we view as approximately 95% invested primarily in global equities.
Over the past two weeks, we have purchased two new companies – one in the information technology sector and the other in the materials sector – both of which offer attractive value and growth potential. Our portfolio managers are excited about the investment opportunities they are finding and have been cautiously building a diversified portfolio of global companies. Since our last update, we have deployed additional funds and, as a result, have increased our equity exposure.
We’d like to thank our shareholders for their continued confidence in EdgePoint. We are pleased to announce the exercise by BMO Capital Markets, as of December 1, 2008, on behalf of the syndicate of agents, of the over-allotment option granted to them in connection with the Company’s initial public offering of class A shares (“Shares”) that closed on November 4th, 2008. As a result, 1,208,502 shares were issued for aggregate gross proceeds of $12,085,020. This brings the gross proceeds raised in the initial public offering and the private placement of class J shares to $233,909,630. We are extremely pleased with this success.
We understand the importance of keeping our shareholders informed of our investment progress and will continue to post similar updates on a bi-weekly basis over the next six months. For additional transparency, we have listed the top ten holdings in Cymbria and its sector breakdown.
On behalf of everyone at EdgePoint, thank you for your support.
The EdgePoint Team