Chesswood Group Ltd CHWWQ

Financial Services Asset Management

Chesswood Group Limited is a Canada-based holding company. The Company, through its subsidiaries, engages in the business of specialty finance (including equipment finance throughout North America and vehicle finance and legal sector finance in Canada), as well as the origination and management of private credit alternatives for North American investors. Its subsidiaries include Pawnee Leasing Corporation (Pawnee); Tandem Finance Inc. (Tandem); Waypoint Investment Partners Inc. (Waypoint), Chesswood Capital Management Inc. and Chesswood Capital Management USA Inc. (CCM USA); Rifco National Auto Finance Corporation, and 1000390232 Ontario Inc (Easy Legal). Pawnee, which finances micro and small-ticket commercial equipment for small and medium-sized businesses in the United States through the third-party broker channel. Tandem sources micro and small-ticket commercial equipment originations to small and medium-sized businesses through the equipment vendor channel in the United States.

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Chesswood Group Ltd > Messy 17.4%

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Post by Possibleidiot01on Jul 30, 2024 9:52am

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Post# 36154175

Messy 17.4%

Chesswood Group Limited ("Chesswood") (TSX: CHW) announces that Daniel Wittlin has resigned as a director of the Company, effective immediately. Mr. Wittlin has advised that he has resigned in order to be able to devote the necessary time to his other operating companies, and also to better manage his potential conflicts of interest resulting from his significant indirect minority interest in the Company's Canadian subsidiaries and his indirect interest in a potential purchaser of the Company's majority interests in those subsidiaries.

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