STOCK SYMBOL –TSX: WCM.A WCM.B
CALGARY,
AB, Aug. 30, 2024 /CNW/ - Wilmington Capital
Management Inc. ("Wilmington" or the "Corporation"),
further to the Corporation's July 4,
2024 press release and matters approved at the August 7, 2024 special shareholders' meeting, is
pleased to announce the closing of transactions resulting in the
sale of two parcels of land in Calgary,
Alberta by Bow City 2 Limited Partnership for the aggregate
gross proceeds of $9,093,012.97 (the
"Transaction"). The Transaction closed on August 29, 2024.
About Wilmington
Wilmington is a Canadian investment company whose principal
objective is to seek out investment opportunities in alternative
real estate asset classes, which provide shareholders with capital
appreciation over the longer term as opposed to current income
returns. Wilmington invests its own capital, alongside partners and
co-investors, in hard assets and private equity funds and manages
these assets through operating platforms.
SOURCE Wilmington Capital Management Inc.