MFL Management Limited Provides Update Regarding Holdings of MBN Corporation

TORONTO, Nov. 28, 2018 /CNW/ - MFL Management Limited (the "Corporation") hereby announces that it has filed an updated early warning report in respect of its holdings of equity shares ("Equity Shares") of MBN Corporation ("MBN") to reflect that certain members of the joint actor group referred to in the Corporation's early warning report dated May 29, 2014 are no longer acting jointly or in concert in respect of their holdings of Equity Shares.

Prior to the termination of the former joint actor group and completion of the merger of Globalance Dividend Growers Corp. into MBN on August 29, 2018, the Corporation, together with such joint actors, owned 996,434 Equity Shares, representing approximately 26.75% of the then issued and outstanding Equity Shares. The Corporation currently owns 865,121 Equity Shares, representing approximately 17.83% of the outstanding Equity Shares. Together with Equity Shares owned by joint actors as set out in the updated early warning report, the Corporation's Equity Share holdings represent approximately 18.61% of the outstanding Equity Shares. The Corporation and such joint actors may from time to time purchase additional Equity Shares for investment purposes.

This press release may contain forward-looking information, including with respect to the future acquisitions of Equity Shares of MBN. The forward-looking information contained in this press release constitutes current expectations, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents an estimate as of any date other than the date of this press release. 

A copy of the early warning report regarding the Corporation's holdings of Equity Shares can be found at www.sedar.com or can be obtained by contacting the Corporation at the address specified below:

SOURCE MFL Management Limited