Jaguar Reports Results for Fiscal 2013 and Provides Update on TSX Delistingadmin
Jaguar Reports Results for Fiscal 2013 and Provides Update on TSX Delisting
Toronto, Ontario CANADA, March 27, 2014 /FSC/ – Jaguar Financial Corporation (JFC – TSX), (“Jaguar” or the “Company”) today reported results for fiscal 2013.
For the year ended December 31, 2013 the Company reported a net loss of $1,771,457 compared to a net loss of $249,067 in 2012.
The Company generated a realized gain on investments of $531,647 in 2013 compared to a realized loss of $2,392,123 in 2012 and an unrealized loss of $1,898,885 compared to an unrealized gain of $3,460,130. The Company’s investment portfolio is recorded on a fair value basis. As a result, gains or losses will fluctuate based on equity market conditions. Jaguar had cash and investments at fair value of $4,898,463 as at December 31, 2013.
On March 26, 2014 the Company was informed that the TSX decision to delist was upheld by the TSX Appeal Committee and that its common shares will be delisted at the close of business on April 28, 2014.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release.
About Jaguar Financial Corporation
Jaguar is a Canadian merchant bank that generally invests in undervalued, overlooked and underappreciated public companies where Jaguar determines that one or more changes could be made to create shareholder value.
For additional information on this press release, please contact:
Vic Alboini, Chairman & Chief Executive Officer
Jaguar Financial Corporation
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Source: Jaguar Financial Corporation (TSX: JFC)
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Posted: March 27th, 2014 under FSCWIRE.