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TORONTO, ON / ACCESS Newswire / April 9, 2025 / University Bancorp, Inc. ("UNIB") announced today that it has acquired 6,200 common shares ("Common Shares") of Currency Exchange International, Corp. ("CXI") through the facilities of the Toronto Stock Exchange at an average price of C$20.05 per Common Share, for a total purchase price of C$124,310. This acquisition represents an increase in UNIB's holdings of approximately 0.10% and, as a result, UNIB, together with persons who may be considered to be joint actors, has ownership of, or exercises control or direction over, a total of 633,510 Common Shares, representing approximately 10.00% of the issued and outstanding Common Shares.
Immediately prior to the acquisition of the Common Shares described above, UNIB, together with persons who may be considered to be joint actors, had ownership of, or exercised control or direction over, a total of 627,310 Common Shares, representing approximately 9.90% of the issued and outstanding Common Shares.
Early Warning Disclosure
This news release is being issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report with additional information in respect of the foregoing matters will be filed and made available under CXI's profile on SEDAR+ (www.sedarplus.ca). CXI's head office is 6649 Westwood Boulevard, Suite 250, Orlando, Florida, 32821, United States of America.
UNIB holds its CXI shares for investment purposes. UNIB will continue to review the performance and prospects for this investment and investment alternatives. As part of the ongoing review of its investment in CXI, UNIB may continue to explore from time to time a variety of alternatives it deems appropriate, in each case to the extent permitted under applicable law, including (i) increasing or decreasing its position in CXI through, among other things, the acquisition or disposition of securities of CXI through the open market or in privately negotiated transactions or otherwise, (ii) entering into transactions that increase or hedge its economic exposure to such securities without affecting its beneficial ownership of such securities and/or (iii) continuing to hold its current position. UNIB may also explore from time to time other alternatives with respect to its investment in CXI, in each case to the extent permitted under applicable law, including, but not limited to, developing plans or intentions or taking actions itself or with joint actors which relate to or would result in one or more of the transactions or matters referred to in paragraphs (a) through (k) of Item 5 of UNIB's early warning report that will be filed on SEDAR+. UNIB may also engage with management and/or the board of CXI from time to time concerning the foregoing and its business, management, operations, capitalization, financial condition, governance, strategy and future plans. Although the foregoing reflects activities presently contemplated by UNIB with respect to its investment in CXI, the foregoing is subject to a number of factors, including but not limited to, the price of CXI's securities, CXI's business and financial condition and prospects, conditions in the securities markets and general economic and industry conditions, the availability of funds, the evaluation of other investment opportunities available to UNIB, and is subject to change at any time, and there can be no assurance that UNIB will take any of the actions referred to above.