EdgePoint Investment Group Inc., the manager of Cymbria Corp. announced Monday the exercise by BMO Capital Markets, on behalf of the syndicate of agents, of the over-allotment option granted to them in connection with Cymbria’s initial public offering of class A shares that closed on Nov. 4.

As a result of the exercise of the over-allotment option 1,208,502 shares were issued for aggregate gross proceeds of about $12.1 million. This brings the gross proceeds raised in the initial public offering and the private placement of class J shares to $233.9 million. The shares are listed on the Toronto Stock Exchange under the symbol CYB.

Cymbria’s investment objective is to provide shareholders with long-term capital appreciation through an actively managed portfolio comprised primarily of global equity securities and a 23% interest in EdgePoint Wealth Management Inc., a wealth management company formed by EdgePoint, a company controlled by Tye Bousada, Patrick Farmer, Robert Krembil and Geoff MacDonald.

The syndicate of agents is co-led by BMO Capital Markets and CIBC World Markets Inc. and includes RBC Capital Markets, Scotia Capital Inc., TD Securities Inc., National Bank Financial Inc., Dundee Securities Corp., Blackmont Capital Inc., Canaccord Capital Corp., HSBC Securities (Canada) Inc., Industrial Alliance Securities Inc., Raymond James Ltd., Richardson Partners Financial Limited, Desjardins Securities Inc., GMP Securities L.P., M Partners Inc., Manulife Securities Incorporated and Wellington West Capital Markets Inc.

IE