TORONTO, May possibly 25, 2022 /CNW/ – Chesswood Team Minimal (TSX: CHW) (“Chesswood”), a publicly traded North American specialty finance company, and Waypoint Investment decision Associates Inc. (“Waypoint”), a Toronto based expense fund and non-public consumer financial investment supervisor, are happy to announce the productive completion of the formerly declared acquisition of Waypoint via Chesswood Cash Administration Inc.
As consideration for the transaction, Chesswood paid out $1,589,610 in money and issued 150,983 Chesswood common shares.
Waypoint Financial commitment Associates Inc.
Waypoint Expense Companions Inc. is a Toronto-based investment manager that expert services significant internet really worth persons, loved ones offices, expenditure advisors, foundations and institutional shoppers. With a staff of 12 skilled industry specialists, Waypoint delivers proprietary goods and expert services. Waypoint is a member of the Portfolio Management Affiliation of Canada and is registered as an Investment Fund Supervisor, Portfolio Manager and Exempt Current market Seller in many Canadian provinces. To discover a lot more, visit www.waypointinvestmentpartners.com.
About Chesswood Team Minimal
By means of a few wholly-owned subsidiaries in the United States and 5 subsidiaries in Canada, two of which are wholly-owned, Chesswood Team Restricted is a North American specialty finance enterprise publicly traded on the Toronto Inventory Trade. Colorado-centered Pawnee Leasing Corporation, started in 1982, funds a very diversified portfolio of professional tools leases and financial loans through relationships with in excess of 600 brokers in the United States. Tandem Finance Inc. gives financing in the U.S. by the machines seller channel. In Canada, Blue Chip Leasing Company has been originating and servicing professional equipment leases and financial loans considering that 1996. Vault Credit Company specializes in gear leases and commercial loans throughout Canada, allowing for for customizable funding remedies while catering to a wide spectrum of credit rating tiers, products styles and sectors by providing sector-leading assistance stages, experienced underwriters and account administrators. Blue Chip and Vault Credit function by way of a nationwide community of additional than 60 brokers. Vault Household was released in September 2021 and focuses on furnishing household advancement and other buyer funding remedies in Canada. Rifco Nationwide Vehicle Finance Company, with the mission to enable Canadians possess vehicles, seeks to develop sustainable extended-phrase aggressive positive aspects as a result of individualized partnerships with sellers, innovative products and solutions, the use of field-main information and analytics, and main assortment techniques. Chesswood Funds Administration and Chesswood Money Management United states supply personal credit score choices to traders trying to find exposure to lease and bank loan receivables, together with those people originated by Chesswood subsidiaries.
Primarily based in Toronto, Canada, Chesswood Team Limited’s shares trade on the TSX below the symbol CHW.
To learn extra about Chesswood Team Limited, check out www.ChesswoodGroup.com.
The websites of Chesswood Group Limited’s functioning organizations are:
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Resource Chesswood Group Restricted
For additional data: Investor Relations: Cellular phone: 416-386-3099 E mail: [email protected] Media Inquiries: Ryan Marr, Main Executive Officer, 416-386-3099, [email protected]