Swiss Re to sell 10.05% stake in Definity Financial for CAD 655 million

Swiss Re to sell 10.05% stake in Definity Financial for CAD 655 million

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Zurich, March 18, 2025 (Globe Newswire) – Swiss Ren has announced an agreement to sell 11,647,217 common shares (“shared shares”) from Corp Financial Corp (TSX: DFY) (“offer”), which represents about 10.05 % of shared shares issued and exposed on March 17, 2025 (“the offer”).

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Shared shares are sold by Swiss Re investment Company Ltd based on the 56.20 CDA mass trade per joint shares for total cash revenues of about 655 million Canadians. The offer was secured by Cibc Capital Markets and National Bank Financial Inc. (“The subscription”) and it is expected to be closed on March 19, 2025.

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Immediately before the offer, Swiss R 11,647,217 shared shares, represent about 10.05 % of the shared shared shared issued and due. After activating the offer, Swiss Re will not keep any shared shares.

Andreas Bergger, CEO of Swiss Ray said: “We are very fans of the progress made since the public subscription in November 2021 and continue to evaluate the ongoing commercial relationship with the company.” “The context of a regular review has been sold and the investment portfolio balance in Swiss Reoa is compatible with the total investment strategy of the group through alternative investments and alternative investments.”

The main office of Swiss Re in Mythenquai 50/60 8002 Zurich, Switzerland. SWISSD will submit an early warning report to securities organizers in each of the provinces and regions in Canada regarding previous matters according to the national tool 62-103-the early warning system and relevant and initiative reports problems, regarding the sold shares that have been sold, a copy of which will be available under the Diedar+ profile in www .Sedllus.CA. For more information and/or copy of the relevant early warning report, please call James Raphael at +1 212 317 5428. Definity office is located on 111 Westmount Road South, Waterloo, Ontario N2L 2L6.

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About Swiss Return
Swiss R group is one of the reinsurance and insurance service providers and other insurance -based risk conversion forms, which makes the world more flexible. He expects and manages the risks – from natural disasters to climate change, from the population applying to electronic crime. The goal of the Swiss Re group is to enable society to prosper and progress, and create new opportunities and solutions for its customers. Its headquarters is located in Zurich, Switzerland, where it was founded in 1863, Swiss Rin operates through a network of about 70 world offices.

Media relations
Zurich
Phone +41 43285 7171

New York
Phone +1 914 828 6511

Investor relations
Phone +41 43 285 4444

Swiss Reed Ltd.
Mythlquai 50/60
CH-8022 Zurich
Phone +41 43 285 2121

www.swissre.com
swissre

contact person
Mark Bonteron
mark_bonthron@swissre.com
+1 646 662 0212

Additional information
For press data, slogans and photography
From the Swiss executives,
Directors or offices go to
www.swissre.com/media


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