Cymbria Corp.
Cymbria Corp. is a corporation whose investment objective is to provide shareholders with long-term capital appreciation through an investment in an actively-managed portfolio of 20 to 30 global equities and a 23% investment stake in EdgePoint Wealth Mgmt. Inc. (“EdgePoint”) - a wealth management company that offers mutual funds, institutional and other investment products through financial advisors.
What makes Cymbria attractive?
- Security Selection: The portfolio of global companies is managed by Tye Bousada and Geoff MacDonald – both of whom have been recognized numerous times for superior investment results
- Stake in EdgePoint: Opportunity to participate in the growth of EdgePoint
- Dividends: Cymbria will receive its proportionate share of dividends distributed by EdgePoint. These dividends may be reinvested into its portfolio of investments or used to buy back shares of Cymbria in the open market
- Attractively priced: Low management fee structure relative to other actively-managed global portfolios
- Potential for share buy-backs: As a corporation, Cymbria has the ability to engage in share buy-backs. For example, it could do so if management and the Board felt that buying back shares would be accretive for shareholders
- Stable pool of capital: An investment portfolio not subject to the purchases and redemptions typically associated with mutual funds
- Alignment with shareholder interests: The founders of EdgePoint Investment Group Inc. – Tye Bousada, Patrick Farmer, Bob Krembil, and Geoff MacDonald have personally invested over $22 million in Cymbria
Characteristics
- Go-anywhere, all-cap product
- Concentrated portfolio of 20-30 global companies + investment in EdgePoint
- Diversified by business idea
- Prudent approach to risk management
- Approximately 23.4 million shares outstanding across all share classes
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