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Not to be distributed to the U.S. News Service or spread in the U.S.
Richmond Hill, Ontario, May 27, 2021 (Global News Service) – Canso Select Opportunities Corporation (TSXV:CSOC, CSOC.B)) (“Company” or “CSOC”) is pleased to announce the following senior management changes.
Effective immediately, Mr. Brian Carney will resign as president and chief executive officer of the company to allow more time to hold portfolio management positions in Canso Group of Companies. He will continue to serve as a non-executive director.
The board of directors has appointed Mr. Timothy Hicks as president and chief executive officer of CSOC. Tim joined Canso Investment Counsel Ltd. (Canso) in 2009, which is the portfolio management department of Canso Group of Companies, as a portfolio manager. Before joining Canso, Tim worked at Russell Investments for 15 years, holding various investment positions, including CIO of Russell Canada, and most recently as the North American Equity Director of Russell Investments in the United States. Tim will also join the company’s investment committee.
Mrs. Heather Mason-Wood was appointed as the chairman of the company’s board of directors. Heather joined Canso in 2003 after working in the company and commercial bank as a portfolio manager and currently serves as chief strategy and operations officer. Heather has held various senior positions at Canso and held board positions in non-profit entities.
Heather serves as chairman and Tim serves as president and chief executive officer, which strengthens CSOC’s already deep management team.
We look forward to working with Tim, Heather, and Brian to implement CSOC’s mission and create long-term value for our shareholders.
About CSOC
CSOC is a publicly listed investment company focused on maximizing the long-term total return to shareholders of real estate and infrastructure by investing in an actively managed investment portfolio composed mainly of Canadian and global holdings.
Neither TSX Risk Exchange nor its regulatory service provider (the term is defined in the policies of TSX Risk Exchange) conveys the advantages of the proposed transaction in any way, and none of the aforementioned entities has approved or disapproved the transaction content of this press release.
For more information about our company, please visit our website: www.selectopportunitiescorporation.com
For more information, please contact:
Timothy Hicks, CEO
Canso Select Opportunities Corporation
Phone: (647) 956-6264
e-mail: info@selectopportunitiescorporation.com
Forward-looking information
This press release contains forward-looking statements and information within the meaning of applicable securities legislation. Forward-looking statements can be identified by words such as “seek”, “anticipate”, “believe”, “estimate”, “will”, “target” and similar expressions. Forward-looking statements reflect CSOC’s current expectations of future results or events and are based on currently available information. Certain important factors and reasonable assumptions have been applied in providing these forward-looking statements. All forward-looking statements in this press release are bound by these cautionary statements. CSOC believes that the expectations reflected in forward-looking statements are based on reasonable assumptions; however, CSOC cannot guarantee that actual results or developments will be realized. These forward-looking statements are subject to many risks and uncertainties, which may cause actual results or events to differ materially from current expectations. Therefore, readers should not place undue reliance on any such forward-looking statements. In addition, forward-looking statements are only effective from the date of making such statements. Unless required by securities laws, CSOC is not obliged to publicly update any such statements or reflect new information or future events or circumstances. These forward-looking statements were made on the date of this press release.
More information about CSOC is available in its SEDAR profile www.sedar.com
Neither TSX Venture Exchange nor its regulatory service provider (the term is defined in the policies of TSX Venture Exchange) assumes no responsibility for the adequacy or accuracy of this press release.
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