CALGARY, May 25, 2016 – Crown Capital Partners Inc. (“Crown”) (TSX: CRN), which provides growth capital to successful mid-market companies, today announced the closing of a $15 million, five-year term loan agreement (the “Agreement”) with Bill Gosling Outsourcing Holding Corp. (“BGO”), formerly Allied Global Holdings Inc., a global provider of call center solutions to blue-chip clients.

Headquartered in Newmarket, Ontario, BGO offers a full suite of customer contact solution services, including accounts receivable management, customer care, and customer sales & acquisition, and operates nine call centers in Canada, the U.S., the U.K. and Philippines. Founded in 1955, BGO’s key customers include Fortune 100 and Fortune 1000 companies in the financial, communications, utility and government sectors. BGO maintains strong relationships with its customers, with average tenure of more than 10 years for its top 10 customers.

“Bill Gosling Outsourcing is a successful, well-managed company and is a leader in its niche,” said Chris Johnson, Crown’s President & CEO. “Building on its successes, BGO will continue to benefit from the ongoing shift to business process outsourcing. Driven by growth from key customers and its Philippines expansion, BGO expects to increase revenue and EBITDA significantly over the next three years. We are pleased to partner with them as they continue to grow the business.”

“The Crown team clearly understands how to work with entrepreneurs and growth companies, and they provided a financial solution that is aligned with our business requirements and plans,” said Dave Rae, CEO of BGO.

The Agreement provides for a $15 million term loan to BGO by Crown Capital Fund IV, LP, an investment fund managed by Crown and in which Crown holds a 50% interest. The term loan bears a fixed interest rate of 12% per annum, compounded and payable monthly, and matures in 60 months.

ABOUT CROWN 

Crown (TSX: CRN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS 

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the business process outsourcing industry; BGO’s expansion and growth plans; and Crown’s business plans and strategy. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent Annual Information Form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

 For further information, please contact:

Craig Armitage
Investor Relations
craig.armitage@crowncapital.ca

(416) 347-8954

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CALGARY, May 11, 2016 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRN), which provides growth capital to successful mid-market companies, today announced its financial results for the three months ended March 31, 2016 (“Q1 2016”). Crown’s complete financial statements and management’s discussion and analysis for Q1 2016 are available on SEDAR at www.sedar.com.

Q1 2016 Financial & Operating Highlights

• Revenue of $5.1 million, including fees and other income of $0.6 million, interest revenue of $2.4 million, net realized gain on sale of investments of $1.7 million, and net change in unrealized gains in fair value of investments of $0.4 million.
• Adjusted EBIT¹ of $2.7 million.
• Total comprehensive income, net of non-controlling interest, of $1.6 million, or $0.17 per common share (basic).
• Total equity per common share (basic) of $10.56 at March 31, 2016.
• Total assets of $131.8 million at March 31, 2016, up from 130.1 million at December 31, 2015.
• Cash and cash equivalents increased to $46.9 million, compared with $43.6 million at
  December 31, 2015.
• Established a dividend policy and, on January 29, 2016, paid a first quarterly dividend of $0.11 per common share.
• Sold all the common shares of Claude Resources Inc. held by the Norrep Credit Opportunities Fund II, LP (“NCOF II”) and Norrep Credit Opportunities Fund II (Parallel), LP for a realized gain to the Corporation of $1.7 million.
• Subsequent to quarter end, on April 22, 2016, Crown declared a quarterly dividend of $0.11 per common share.

“In the first quarter of 2016, we implemented a dividend, which was an important milestone for the company, and generated a strong increase in interest revenue, reflecting the impact of the loans we announced in 2015,” said Chris Johnson, President and CEO of Crown. “We also increased cash in the quarter, and continue to carry a significant cash balance, which we expect to deploy in the near-term, both in our special situations and long-term products, to generate growing earnings for shareholders. Our transaction pipeline remains strong, supported by the team members we added last year and a very positive market environment for Crown. With 34 transactions completed over our history, we are one of the most experienced and active participants in the mid-market, positioning us well to benefit from these market conditions.”

Q1 2016 Financial Results Summary
Crown’s financial position at March 31, 2016 and its financial results for the quarter ended March 31, 2016 are not comparable to the same period in the prior year due mostly to the initial public offering of Crown’s common shares and the acquisition of a 69.75% interest in NCOF II, both in July 2015, and the establishment of Crown Capital Fund IV LP in September 2015 and Crown Capital Private Credit LP in December 2015.

¹Adjusted EBIT is not a measure of financial performance (nor does it have a standardized meaning) under IFRS. In evaluating this measure, investors should consider that the methodology applied in calculating this measure may differ among companies and analysts. Adjusted EBIT is calculated by Crown as earnings before non-cash share-based compensation, finance costs and income taxes less net income and comprehensive income attributable to non-controlling interests. The Corporation has provided a reconciliation of earnings before income taxes to Adjusted EBIT in this news release. The Corporation believes Adjusted EBIT is a useful supplemental measure that may assist investors in assessing the financial performance and the cash anticipated to be generated by Crown’s business. Adjusted EBIT should not be considered as the sole measure of Crown’s performance and should not be considered in isolation from, or as a substitute for, analysis of the Corporation’s financial statements.

Conference Call & Webcast
Crown will host a conference call to discuss its Q1 2016 financial results at 2:00 p.m. EDT on May 11, 2016. The call will be hosted by Chris Johnson, President & CEO, and Lyle Bolen, CFO. To participate in the call, dial 647-427-7450 or 1-888-231-8191 using the conference ID  94982204. The audio webcast can be accessed at www.crowncapital.ca under Investor Relations or at http://bit.ly/1UeXhA6. Listeners should access the webcast or call 10-15 minutes before the start time to ensure they are connected.

ABOUT CROWN
Crown (TSX: CRN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS
This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the alternative financial market and the general economy, transaction pipeline, Crown’s business plans and strategy, including anticipated capital deployments, and Crown’s future cash flow and shareholder value. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See the AIF for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

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CALGARY, April 27, 2016 – Crown Capital Partners Inc. (“Crown” or “the Company”) (TSX: CRN), today announced the details of its 2016 first quarter financial results conference call and annual meeting of shareholders, which are being held on May 11, 2016.

Q1 2016 CONFERENCE CALL

DATE:  Wednesday, May 11, 2016

TIME:  2:00 p.m. EST

DIAL IN NUMBER:  (647) 427-7450 or (888) 231-8191

CONFERENCE ID:  94982204

REPLAY:  (416) 849-0833 or (855) 859-2056

Available until midnight (EST) May 18, 2016

WEBCAST:  The audio webcast can be accessed at www.crowncapital.ca under Investor Relations or at http://bit.ly/1UeXhA6

ANNUAL MEETING OF SHAREHOLDERS

DATE:  Wednesday, May 11, 2016

TIME:  4:00 p.m. EST

LOCATION:  St. Andrew’s Club & Conference Centre, 27th floor, 150 King Street West, Toronto, Ontario

ABOUT CROWN

Crown (TSX: CRN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

For further information, please contact:

Craig Armitage
Investor Relations
craig.armitage@crowncapital.ca(416) 347-8954

 Download (pdf) 88.13 KB

CALGARY, March 24, 2016 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRN), which provides growth capital to successful mid-market companies, today announced the disposition of all of the common shares (the “Claude Shares”) of Claude Resources Inc. (“Claude”) (TSX: CRJ) held by funds managed by Crown for total net proceeds of $5.3 million.  The Claude Shares were held in Norrep Credit Opportunities Fund II, LP and Norrep Credit Opportunities Fund II (Parallel), LP (collectively the “NCOF Funds”).  Crown owns 69.75% of Norrep Credit Opportunities Fund II, LP and is manager of the NCOF Funds. The disposition of the Claude Shares is expected to result in a gain to Crown in the first quarter of 2016 of approximately $0.9 million, before income taxes and net of non-controlling interests, which will be recognized in the Corporation’s Q1 2016 financial results. The NCOF Funds’ realized Gross IRR on the Claude investment was approximately 19%.

Crown completed a subordinated term loan with Claude in April 2013.  The NCOF Funds received the Claude Shares in 2014 for no cost in consideration for a forbearance agreement. On September 21, 2015, Claude prepaid the balance of this facility in full, including principal, interest and fees.

ABOUT CROWN

Crown (TSX: CRN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

 FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the effect of the disposition of the Claude Shares on Crown’s financial position. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See the AIF for a detailed discussion of the risk factors affecting CrownCrown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Craig Armitage
Investor Relations
craig.armitage@crowncapital.ca

(416) 347-8954

Additional information relating to Crown is available on SEDAR at www.sedar.com.

 Download (pdf) 152.88 KB

CALGARY, January 11, 2016 – Crown Capital Partners Inc. (“Crown” or “the Company”) (TSX: CRN), which provides growth capital to successful mid-market companies, today announced that Chris Johnson, President and Chief Executive Officer, will present at AltaCorp Capital’s 4th Annual Investor Conference being held on January 12-14 in Toronto. Mr. Johnson will present on Wednesday, January 13, at 2:20 pm.

For additional information, contact an AltaCorp representative.

ABOUT CROWN

 Crown (TSX: CRN) is a specialty finance company focused primarily on providing capital to successful Canadian and select U.S. companies which are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored transitory and permanent financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution. To find out more about Crown, please visit www.crowncapital.ca.

 For further information, please contact:

Craig Armitage
Investor Relations
craig.armitage@crowncapital.ca

(416) 347-8954

 Download (pdf) 219.43 KB

CALGARY, January 5, 2016 – Crown Capital Partners Inc. (“Crown” or “the Company”) (TSX: CRN), which provides growth capital to successful mid-market companies, today announced that its Board of Directors has approved the initiation of a quarterly cash dividend of $0.11 per common share. Concurrently, the Company declared its first dividend of $0.11 per common share, payable on January 29, 2016 to all shareholders of record as of the close of business on January 18, 2016.

“Establishing a dividend was an important objective from the initial public offering and reflects the continued execution of the plan we articulated to shareholders,” said Chris Johnson, Crown’s President & CEO. “We continue to deploy capital in high-quality mid-market companies, and expect to return a substantial portion of our cash flow to our shareholders through dividends.”

This dividend is designated by the Company to be an “eligible dividend” pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial or territorial legislation pertaining to eligible dividends. Shareholders with questions regarding the tax treatment of dividends should consult with their own tax advisors.

ABOUT CROWN

 Crown (TSX: CRN) is a specialty finance company focused primarily on providing capital to successful Canadian and select U.S. companies which are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored transitory and permanent financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution. To find out more about Crown, please visit www.crowncapital.ca.

FORWARD-LOOKING STATEMENTS

This release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements with respect to Crown’s future cash flows and earnings, future dividends, transaction pipeline, and the Corporation’s business plans and strategy. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Company’s earnings, financial requirements for Crown’s operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the Board of Directors. Shareholders will be entitled to receive dividends only when any such dividends are declared and there is no entitlement to any dividend prior thereto. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Craig Armitage
Investor Relations
craig.armitage@crowncapital.ca

(416) 347-8954

 Download (pdf) 227.74 KB

Represents Crown’s first Long-Term Financing Transaction

CALGARY, December 16, 2015 – Crown Capital Partners Inc. (“Crown” or “the Company”) (TSX: CRN), which provides growth capital to successful mid-market companies, today announced the closing of a $25 million, 10-year term loan (the “Agreement”) with PenEquity Realty Corporation (“PenEquity”), a privately owned, full-service real estate company focused on commercial shopping centres in Ontario. This Agreement will be funded from Crown’s cash resources and represents the first loan under Crown’s Long-term Financing solutions line of business.

Founded in 1984, PenEquity has a strong track record of delivering successful retail sites across Ontario, having completed numerous projects representing more than 4.2 million square feet. Specializing in large-scale destination retail/entertainment centres as well as commercial and residential land development, PenEquity has developed a stable of key relationships with leading retailers and partners, including Choice Properties REIT, Longo’s and EPR Properties. In addition to the development of real estate assets on behalf of clients, PenEquity provides property, advisory and asset management services. PenEquity currently has seven projects underway (representing approximately two million square feet of development), two of which have commenced with others expected to begin in the next 12 months.

“We’re delighted to begin a relationship with PenEquity and support their growth plans,” said Chris Johnson, Crown’s President & CEO. “The company has a highly successful track record spanning more than 30 years and is led by a seasoned team of professionals. As their new projects are completed, they are well positioned to generate significant value from multiple revenue streams.”

Mr. Johnson added: “We see significant opportunity in the Canadian market to provide long-term financing to successful businesses like PenEquity. Our solutions offer business owners the capital to grow their company independently and without equity dilution, while providing Crown with attractive recurring cash flow.”

“The team at Crown clearly understands the needs of entrepreneurial-minded growth businesses like ours, and we’re pleased to partner with them as we bring multiple new projects on stream and build on our long history of delivering quality results for our clients, partners and tenants,” said David Johnston, President & CEO of PenEquity.

The specific financial terms of the Agreement have not been disclosed for confidentiality reasons, but are consistent with Crown’s stated return objectives for long-term transactions.

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CALGARY, November 25, 2015 – Crown Capital Partners Inc. (“Crown”) (TSX: CRN) today announced the closing of a $20 million term loan agreement (the “Agreement”) with Distinct Infrastructure Group Inc. (“Distinct”) (TSXV: DUG).

Headquartered in Toronto, Distinct is a utility and telecom infrastructure contractor with capabilities in design, engineering, construction, service & maintenance, and materials management. Distinct’s goal is to be the premier infrastructure provider for Canadian utilities, municipal and provincial governments. Distinct’s clients currently consist of blue-chip telecommunications and utility infrastructure companies throughout Ontario, including Bell and Rogers.

“Crown is pleased to provide financing to Distinct at an important point in its growth trajectory,” said Chris Johnson, President and CEO of Crown. “The Canadian telecommunications industry is commencing a major infrastructure expansion phase, with multi-billion-dollar high-speed fiber installation projects to be completed over the next several years. As one of the few turnkey contractors with broad capabilities and a national footprint, Distinct is uniquely positioned to capitalize on this expansion. Distinct has demonstrated high growth over the past five years and operates in a robust and expanding industry.”

The Agreement provides for a $20 million term loan to Distinct by Crown Capital Fund IV, LP (“Crown IV LP”), an investment fund managed by Crown and in which Crown holds a 50% interest. The term loan bears a fixed interest rate of 10% per annum, compounded and payable monthly, and matures in 60 months. Distinct has the right to prepay the loan after 18 months, subject to a prepayment fee. In addition, Distinct has granted 8,000,000 common shares to Crown IV LP.

“This capital supports our plans to expand Distinct ’s capacity in Ontario and western Canada to meet strong demand for our services and continue our rapid growth,” said Joe Lanni, Co-CEO Distinct. “Crown’s solution was a great fit for Distinct and we look forward to our partnership with them,” said Alex Agius, CoCEO.

ABOUT CROWN

Crown (TSX: CRN) is a specialty finance company focused primarily on providing capital to successful Canadian and select U.S. companies which are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored transitory and permanent financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution. To find out more about Crown, please visit www.crowncapital.ca.

FORWARD-LOOKING STATEMENTS

This release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Canadian telecommunications industry; Distinct’s expansion and growth plans; and the Corporation’s business plans and strategy. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

For Crown Capital:

Craig Armitage Investor Relations
craig.armitage@crowncapital.ca
(416) 347-8954

For Distinct:

Manny Bettencourt CFO
Distinct Infrastructure Group Inc.
Manny.bettencourt@diginc.ca
416.675.5332

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CALGARY, November 10, 2015 – Crown Capital Partners Inc. (“Crown”) (TSX: CRN) today announced its financial and operational results for the third quarter ended September 30, 2015. Crown became a reporting issuer on June 30, 2015 and closed its initial public offering (“IPO”) on July 9, 2015. The common shares of Crown (the “Shares”) trade on the Toronto Stock Exchange (“TSX”) under the symbol TSX:CRN.

“Over the past 15 years, we have deployed more than $350 million in over 30 special situations private debt transactions, producing an enviable track record for unitholders through various economic conditions,” said Chris Johnson, President & CEO. “With the proceeds of our IPO and a public listing, we are significantly expanding our platform. We are targeting both short-term and long-term investment opportunities using a combination of third-party capital and proprietary capital. This model gives us greater scalability and should enable us to build a strong and growing base of recurring cash flows for our shareholders.”

Mr. Johnson added: “In the third quarter, we completed the initial closing of our special situations fund and our first financing by this fund – two important milestones. “In addition, we had two successful exits on loans made by the NCOF Funds. As we look to redeploy this capital and put new capital to work, market conditions are favourable and our pipeline of potential transactions is strong. Recently, we added three senior professionals who increase our capacity to originate, underwrite and manage new transactions. Crown is focused on a segment of the market – successful businesses in the mid-market – where there is an ongoing funding gap, and this is more pronounced during periods in the cycle when many traditional capital providers pull back. As we continue to execute on our plan and put capital to work, we expect to generate growing cash flow, implement a dividend, and build long-term value for our shareholders.”

Q3 2015 Operating Highlights

• On July 9, 2015, immediately prior to the IPO, Crown acquired approximately 69.75% of the outstanding units of Norrep Credit Opportunities Fund II, LP (“NCOF II”) in exchange for 3,214,494 Shares valued at $35,359,423 (the “Rollover Transaction”). All of NCOF II’s investments are made on a pari passu basis with Norrep Credit Opportunities Fund II (Parallel), (together with NCOF II, the “NCOF Funds”).

NCOF II’s pro rata ownership of the NCOF Funds investments is 76.87%. At the time of the Rollover Transaction, the NCOF Funds held interests in five investee companies including loans to four investees, publicly-traded common shares of two investees and warrants of one privately-held investee.

• On September 23, 2015, Crown announced the closing of the special situations debt fund, Crown Capital Fund IV, LP (“CCF IV LP”), with initial capital commitments of $100 million. CCF IV LP’s limited partners, including Crown’s wholly-owned subsidiary, Crown Capital Funding Corporation (“CCFC”), contributed a total of $15 million for the initial capitalization of CCF IV LP with further capital calls to be made as new investments are made. CCF IV LP will invest in special situations financing transactions (generally consisting of senior and subordinated loans with terms ranging from six months to five years) originated and managed by Crown. Crown, through CCFC, currently holds a 50% interest in CCF IV LP.
• On September 29, 2015, CCF IV LP closed its first special situations financing transaction by providing a $15 million subordinated term loan to Petrowest Corporation (TSX:PRW”) (“Petrowest”). The loan bears a fixed interest rate of 11% per annum, compounded and payable monthly, and matures in 36 months. Petrowest also issued 4,300,000 common share purchase warrants to CCF IV LP.
• The NCOF Funds had two successful exits in the third quarter of 2015 on prepayments:
  • In December 2013, the NCOF Funds provided a $10.0 million debt facility to Questrade Inc. (“Questrade”). On July 24, 2015, Questrade prepaid this facility in full, including bonus interest and unwinding and redeployment fees totaling $2.2 million.
  • In April 2013, the NCOF Funds provided a $25.0 million debt facility to Claude Resources Inc.

(TSX:CRJ) (“Claude”). The NCOF Funds received 4,545,454 common shares of Claude in 2014 (the “Claude Shares”) for no cost in consideration for a forbearance agreement. On September 21, 2015, Claude prepaid this debt facility in full, including unwinding and redeployment fees of $199,000. The Claude Shares were still owned by the NCOF Funds at September 30, 2015.

• Subsequent to quarter end, Crown added significant depth and strength to its team with the additions of Tim Oldfield as Senior Vice President, Chief Investment Officer, Brian Mellum as Senior Vice President, Energy, and David Turnbull as Senior Vice President, Business Development.

For the three and nine month periods ended September 30, 2015, Crown earned management fees primarily for the provision of investment management services to the NCOF Funds and Norrep Credit Opportunities Fund, LP. With the closing of CCF IV LP on September 23, 2015, Crown is also providing investment management services to this new limited partnership. Total assets under management at September 30, 2015 were approximately $54.0 million. Crown accounts for NCOF II and CCF IV LP as controlled subsidiaries and intercompany transactions, including management fees, are eliminated on consolidation.

Crown’s complete financial statements and management’s discussion and analysis for the three and nine month periods ended September 30, 2015 are filed on SEDAR at www.sedar.com.

Quarterly Results Summary

Q3 2015 revenues were $1,920,876, compared with $365,513 in the same period last year. Revenues were higher in 2015 primarily due to the acquisition of a 69.75% interest in NCOF II on July 9, 2015. The acquisition resulted in the inclusion of Interest for Distribution Purposes and Financing Fees and Other Income earned by NCOF II during the three months ended September 30, 2015.

For the three months ended September 30, 2015, Crown earned Total Comprehensive Income of $756,484. The Rollover Transaction resulted in a Non-controlling Interest in NCOF II of approximately 30.25%. Through CCFC’s subscription for 50,000 units of CCF IV LP, Crown acquired a 50% interest in CCF IV LP, resulting in a Non-controlling Interest in CCF IV LP of 50%. For the three months ended September 30, 2015, Total Comprehensive Income Attributable to Shareholders of Crown was $395,220 and Total Comprehensive Income Attributable to Non-controlling Interests was $361,264.

Cash and Cash Equivalents at September 30, 2015 totaled $76,039,710, compared with $2,722,124 at December 31, 2014. The increase in Cash and Cash Equivalents was primarily the combined result of the receipt of proceeds of the IPO, the sale of shares of CRH Medical Corporation held by the NCOF Funds and the repayment of the NCOF Funds loans to Questrade and Claude.

Conference Call & Webcast

Crown will host a conference call to discuss its Q3 2015 financial results at 9:00 a.m. EDT on November 10, 2015. The call will be hosted by Chris Johnson, President & CEO, and Lyle Bolen, CFO. To participate in the call, dial 647-427-7450 or 1-888-231-8191 using the conference ID 71304283. The webcast can be accessed at http://bit.ly/1LYL1M8. Listeners should access the webcast or call 10-15 minutes before the start time to ensure they are connected.

ABOUT CROWN

Crown (TSX: CRN) is a specialty finance company focused primarily on providing capital to successful Canadian and select U.S. companies which are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored transitory and permanent financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution. To find out more about Crown, please visit www.crowncapital.ca.

FORWARD-LOOKING STATEMENTS

This release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements include, but are not limited to, statements with respect to the investments of CCF IV LP in Special Situations Financing transactions and the potential structuring of such transactions; the sourcing of deals from Crown’s established network and its potential pipeline of projects; the Corporation’s business plans and strategy; the Corporation’s future cash flow, potential dividend implementation and shareholder value; and the future capitalization of CCF IV LP and future closings in relation thereto. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. Crown undertakes no obligation to update forward-looking information except as required by applicable law.

Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Craig Armitage

Investor Relations craig.armitage@crowncapital.ca

(416) 347-8954

Additional information relating to Crown is available on SEDAR at www.sedar.com.

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