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TORONTO, October 15, 2021 (GLOBE NEWSWIRE) – Urbana Corporation (âUrbanaâ) (TSX and CSE: URB, URB.A) is pleased to announce that as of the October 14 closee, 2021, its net asset value per share (âNAVPSâ) reached a new all-time high of $ 7.02, exceeding for the first time $ 7. Urbana’s total net assets now exceed $ 300 million.
Urbana’s NAVPS at the end of 2020 was $ 5.64, before our dividend of $ 0.09 per share in January 2021. Much of the contribution to growth this year comes from our strong financial positions in United States, the energy sector and in particular Urbana’s private investments.
Urbana’s biggest private investment is CNSX Markets Inc., the operator of the Canadian Stock Exchange. Urbana’s current private holdings include Tetra Trust Company, Blue Ocean Technologies, LLC, Miami International Holdings Inc. and HighView Financial Group, a leading Canadian provider of family office services.
“. Urbana Corporation’s net asset value per share now exceeds $ 7.00, a record! Said Thomas S. Caldwell, president of Urbana Corporation. âWe believe Urbana’s permanent capital base has enabled us to respond quickly to the volatile markets that COVID has presented to us. “
About Urbana Corporation
Urbana Corporation is a diversified investment company. Its strategy is to seek and invest in private investment opportunities for capital appreciation and to invest in publicly traded securities to provide growth, income and liquidity. The combination of an actively managed portfolio of publicly traded securities and private equity investments ensures that uncommitted assets are used productively as we seek, assess and participate in opportunities in the non-public sphere.
Please contact Elizabeth Naumovski, Investor Relations
email@example.com or 416-595-9106 for more information.
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