Brief: Terra Firma Capital Corp Updates On Urbancorp Matters

Terra Firma Capital

27/03/2019 20:44

March 27 (Reuters) - Terra Firma Capital Corp  TII.V :
    * TERRA FIRMA CAPITAL CORPORATION PROVIDES UPDATE ON
URBANCORP
MATTERS
    * TERRA FIRMA CAPITAL CORP -  PREVIOUSLY ANNOUNCED
LITIGATION
PROCEEDINGS COMMENCED IN ISRAEL AGAINST, CO, INTER ALIA, AND DOV
MEYER HAVE BEEN WITHDRAW
    * TERRA FIRMA CAPITAL - AGREED TO ASSIGN ITS RIGHTS IN
CONNECTION
WITH CLAIM BROUGHT IN BORROWER'S INSOLVENCY, SOME OTHER RIGHTS
OF ACTION
    * TERRA FIRMA CAPITAL CORP - CURRENTLY HAS ONLY ONE
DEFAULTED LOAN
RECEIVABLE FROM BORROWER
    * TERRA FIRMA CAPITAL CORP -  SETTLEMENT AGREEMENT HAS BEEN
APPROVED BY ORDER OF ONTARIO SUPERIOR COURT OF JUSTICE
    * TERRA FIRMA CAPITAL CORP - SETTLEMENT IS NOT EXPECTED TO
HAVE
ANY FURTHER IMPACT ON COMPANY'S FINANCIALS
    * TERRA FIRMA CAPITAL CORP - EXPECTS TO RECEIVE FROM CASH
RESERVES
SUBSTANTIALLY ALL OF REMAINING OUTSTANDING LOAN AMOUNT BY END OF
Q3

Source text for Eikon:  ID:nGNX9LsN26 
Further company coverage:  TII.V 

 (Reuters.Briefs@thomsonreuters.com)