FXC Invesco CurrencyShares Canadian Dollar Trust

FAX Capital Corp. (the Company) is pleased to announce that Marc Robinson and Nick Lim have joined the Company’s investment management team as Managing Directors.   

Marc Robinson is a seasoned investment professional with approximately 20 years of financial services experience. Mr. Robinson joins the Company from LDIC Inc., where he served as an award-winning Portfolio Manager, focused on the North American small cap market. Prior to that, from June 2009 to May 2016, Mr. Robinson was a leading Research Analyst with Cormark Securities Inc., where he focused on Canadian small cap markets and was a member of the firm’s Executive Committee. Mr. Robinson was previously a Partner and Portfolio Manager with Lawrence Asset Management from approximately September 2004 to June 2009, and began his career as an Investment Banker at Merrill Lynch & Company from June 2000 to September 2002.  Mr. Robinson holds a Chartered Investment Manager (CIM) designation.

Mr. Lim has approximately 15 years of experience in the financial services industry. Mr. Lim joins the Company from Hamblin Watsa Investment Counsel, Fairfax Financial Holdings Limited’s investment management subsidiary, where he served as Vice President from July 2017 to April 2019, focused on private investments, credit investments and real estate. Prior to that, Mr. Lim served 7 years at Brookfield Asset Management in the private equity group and public securities group as a member of their respective investment teams. Mr. Lim previously worked as an analyst at two multi-strategy hedge funds and started his career in the mergers and acquisitions group of Scotia Capital Inc. in August 2004. Mr. Lim is a CFA Charterholder. 

“We are delighted to welcome Marc and Nick to our investment team at FAX.  Marc brings a unique and demonstrated understanding of the North American public small cap market that will greatly strengthen our investment capabilities.  Nick will be a tremendous complement to Marc’s expertise through his extensive experience in structured investment opportunities as well as guiding our private investment strategy,” said the Company’s Chief Executive Officer, Blair Driscoll. 

FAX Capital Corp.

FAX Capital Corp. is an investment company that intends on engaging in the ownership of leading, high-quality companies in Canada, and to a lesser extent, the United States. The Company intends to invest, either directly or indirectly, in the securities of public and private companies, providing long-term capital and tailoring our investments to the needs of investee companies. The Company will focus on maximizing its intrinsic value on a per share basis over the long-term, with a vision to be recognized as a premier investor supporting the development of its portfolio companies.  The Company is listed on the Canadian Securities Exchange (the CSE) under the stock symbol “FXC”.

For additional information please contact:

Edward Merchand, CFO (416)364-8788

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking information. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance and opportunities to differ materially from those expressed or implied by such forward-looking information. Any such forward-looking information may be identified by words such as “proposed”, “expects”, “may”, “will”, and similar expressions. Forward-looking information contained or referred to in this press release includes, but may not be limited to, the future strategy and business objectives of the Company.

Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the Company’s intended investment objective.  The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company.

Forward-looking information is not a guarantee of future performance and, accordingly, undue reliance should not be put on such information due to the inherent uncertainty therein. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.

Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.