TORONTO, August 23, 2021 – Crown Capital Partners Inc. (“Crown”) (TSX: CRWN), today announced  that Crown Capital Partner Funding, LP (“Crown Partners Fund”), an investment fund of which it owns an  effective interest of approximately 28%, has received the full repayment by CareRx Corporation (“CareRx”)  of its $27 million term loan. Crown Partners Fund received partial repayment of $5 million in May 2021,  followed by the recent repayment of the remaining $22 million.  

CareRx is Canada’s leading provider of pharmacy services to seniors living and other congregate care  communities. The term loan with Crown Partners Fund was originally completed in March 2020 and the  realized Gross IRR on Crown Partners Fund’s aggregate investment was 14%, excluding the remaining warrant  position which have a current fair value of approximately $1 million. 

“CareRx has been a strong performer for the fund. This repayment was expected and consistent with Crown’s  strategy to recover capital from our corporate financing portfolio,” said Chris Johnson, President and CEO of  Crown. 

About Crown Capital Partners (TSX:CRWN) 

Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a leading specialty finance  company operating mainly in the distributed power and telecommunications infrastructure markets. We focus  on alternative asset classes that require a specialized capital partner, and we aim to create long-term value by  acting as both a manager of investment funds for institutional partners and as a direct investor in operating  businesses serving these markets. For additional information, please visit  


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 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
(416) 347-8954

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