Board names Jason Bell, Portfolio Manager at Canso Investment Counsel Ltd., as CEO Successor
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RICHMOND HILL, Ontario, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Canso Select Opportunities Corporation (TSX Venture: CSOC.A, CSOC.B) (the "Company" or "CSOC") is pleased to announce a new President and Chief Executive Officer of the Company.
CSOC today announced that President, Chief Executive Officer and Chief Investment Officer, Joe Morin, has informed them of his intention to retire effective December 31, 2024, which includes relinquishing his three managerial roles with the Company. He will continue to serve as a non-executive Director and Member of the Company's Investment Committee.
The Board of Directors has named Mr. Jason Bell to serve as President and Chief Executive Officer of CSOC effective December 31, 2024. Jason was recently appointed a Member of the Corporation's Investment Committee. Jason is also a Portfolio Manager at Canso Investment Counsel Ltd. (Canso), the portfolio management arm within the Canso Group of Companies, since June 2015 and has been the Vice President of Trading at Canso since September 2023.
The Board would like to thank Joe for his service as a Director and a member of the Investment Committee since inception of the Corporation. He has served as Chief Investment Officer since August 2022 and as President and CEO since November 2022. Notably, Joe oversaw the transformative acquisition of Lysander Funds Ltd. and since his appointment as Chief Investment Officer, the Corporation has had a substantial improvement in investment performance.
The Board believes that the appointment of Jason as President and CEO will enhance the already strong investment performance at CSOC.
We look forward to working with Jason to execute CSOC's mission, creating long-term value for our shareholders.
About CSOC
CSOC is a publicly-listed, investment company focused on maximizing long-term total returns to shareholders by investing in an actively managed portfolio consisting primarily of Canadian and global holdings which could include large illiquid positions in private and public equity, debt, loans, real estate and infrastructure. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the proposed transactions and neither of the foregoing entities has approved or disapproved of the contents of this press release.
More information on the Company may be found on the Company's website at www.selectopportunitiescorporation.com.
For further information, please contact:
Shirley Sumsion, CFO
Canso Select Opportunities Corporation
(905) 881-8853
E-mail: info@selectopportunitiescorporation.com
Forward Looking Information
This press release contains forward-looking statements and information within the meaning of applicable securities legislation. Forward-looking statements can be identified by the words "seeks”, "expects”, "believes”, "estimates”, "will”, "target” and similar expressions. The forward-looking statements reflect the current expectations of CSOC regarding future results or events and are based on information currently available to it. Certain material factors and reasonable assumptions were applied in providing these forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements. CSOC believes that the expectations reflected in forward looking statements are based upon reasonable assumptions; however, CSOC can give no assurances that the actual results or developments will be realized. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward looking statement speaks only as of the date on which such statement is made. CSOC undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. These forward-looking statements are made as of the date of this press release.
Additional information about CSOC is available under its SEDAR profile at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.