WATERLOO, ON, Jan. 2, 2024
/CNW/ - Definity Financial Corporation ("Definity") (TSX: DFY)
announced today that it has completed its previously announced
continuance to the Canada Business Corporations Act,
effective as of January 1, 2024.
This is as indicated in Definity's December
12, 2023 announcement regarding the continuance and its
impact.
As previously stated, the financing commitment under the
company's unsecured committed credit facility increased upon the
effective date of the continuance to $700
million from $150 million, in
accordance with the facility's terms.
About Definity Financial
Corporation
Definity Financial Corporation is the parent holding company of
one of the leading groups of property and casualty insurers in
Canada, with over $3.9 billion in gross written premiums for the 12
months ended September 30, 2023 and
approximately $2.6 billion in equity
attributable to common shareholders as at September 30, 2023.
Forward-Looking
Statements
This news release may contain forward-looking information within
the meaning of applicable securities laws, which reflects
Definity's current expectations regarding future events.
Forward-looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties, many of which
are beyond Definity's control. Such risks and uncertainties are
included in the "Cautionary Note Regarding Forward-looking
Information" section of the Company's Q3-2023 Management's
Discussion and Analysis dated November 9,
2023 and the "Risk Management and Corporate Governance"
sections of Definity's Management's Discussion and Analysis for the
year ended December 31, 2022, each of
which is available on our web site at www.definityfinancial.com or
on SEDAR+ at www.sedarplus.ca. Actual results could differ
materially from those projected herein. Definity does not undertake
any obligation to update such forward-looking information, whether
as a result of new information, future events or otherwise, except
as expressly required under applicable securities laws.
SOURCE Definity Financial Corporation