DFY:CC - DEFINITY FINANCIAL CORPORATION COMPLETES CONTINUANCE TO CANADA BUSINESS CORPORATIONS ACT

Canada NewsWire

WATERLOO, ON , Jan. 2, 2024 /CNW/ - Definity Financial Corporation ("Definity") (TSX: DFY) announced today that it has completed its previously announced continuance to the Canada Business Corporations Act , effective as of January 1, 2024 . This is as indicated in Definity's December 12 , 2023 announcement regarding the continuance and its impact.

As previously stated, the financing commitment under the company's unsecured committed credit facility increased upon the effective date of the continuance to $700 million from $150 million , in accordance with the facility's terms.

Definity Financial Corporation is the parent holding company of one of the leading groups of property and casualty insurers in Canada , with over $3.9 billion in gross written premiums for the 12 months ended September 30, 2023 and approximately $2.6 billion in equity attributable to common shareholders as at September 30, 2023 .

This news release may contain forward-looking information within the meaning of applicable securities laws, which reflects Definity's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Definity's control. Such risks and uncertainties are included in the "Cautionary Note Regarding Forward-looking Information" section of the Company's Q3-2023 Management's Discussion and Analysis dated November 9, 2023 and the "Risk Management and Corporate Governance" sections of Definity's Management's Discussion and Analysis for the year ended December 31, 2022 , each of which is available on our web site at www.definityfinancial.com or on SEDAR+ at www.sedarplus.ca . Actual results could differ materially from those projected herein. Definity does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws.

SOURCE Definity Financial Corporation

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