Crown Capital Partners Announces Q3 2016 Financial Results

CALGARY, Nov. 9, 2016

Q3 2016 Financial & Operating Highlights

• Revenue of $2.9 million, including interest revenue of $3.0 million, fees and other income of $0.2 million, and net change in unrealized gains in fair value of investments of ($0.3) million.
• Adjusted EBIT¹ of $1.5 million.
• Total comprehensive income, net of non-controlling interest, of $0.8 million, or $0.09 per common share (basic).
• Total equity per common share (basic) of $10.65 at September 30, 2016.
• Total assets of $151.6 million at September 30, 2016, up from $130.1 million at December 31, 2015.
• Cash and cash equivalents of $46.5 million, compared with $43.6 million at December 31, 2015.
• On September 9, 2016, paid a third quarterly dividend of $0.11 per common share.
• On July 15, 2016, completed a $25 million closing for Crown Capital Fund IV LP ("CCF IV LP"), bringing the current total capital committed to the Fund to $125 million.
• On November 8, 2016, Crown announced the signing in escrow by CCF IV LP of a $15.0 million term loan (the "Agreement") with Touchstone Exploration Inc., a Calgary-based publicly-traded company engaged in acquiring interests in petroleum and natural gas rights, and the exploration, development, production and sale of petroleum and natural gas, with its primary focus in the Republic of Trinidad.

"Our current investments continue to perform well overall, which was validated by the new limited partners we added to CCF IV LP during the quarter," said Chris Johnson, President and CEO of Crown. "Our financial results for the quarter reflect the higher-than-planned cash balance carried during the period. We completed one special situations transaction subsequent to quarter end and expect to deploy additional capital before year end. We continue to see strong demand for our financing solutions from successful companies in the mid-market. In addition to building the investment portfolio, we expect to finalize a credit facility in the near term, providing new leverage to drive higher returns on equity."

Q3 2016 Financial Results Summary