TORONTO, Sept. 15, 2014 /PRNewswire/ - (TSX: KFS, NYSE:
KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company")
today issued a reminder regarding the previously announced
extension to the period during which the Series A Warrants (TSX:
KFS.WT.U, OTC: KFSWF) are exercisable to allow more time to warrant
holders to exercise their Series A Warrants. Holders will now
have until 5:00 p.m. Eastern Time on
September 19, 2014 to exercise their
outstanding Series A Warrants at US$4.50 per common share, after which they will
cease trading. Thereafter, any Series A Warrants that remain
unexercised will automatically be redeemed by the Company at a
redemption price of US$0.25 per
Series A Warrant on September 22,
2014. The closing price of the common shares of
Kingsway underlying the Series A Warrants was $6.35 on NYSE as of September 12, 2014.
If you have any questions regarding the redemption or exercising
your Series A Warrants, please contact Kingsdale Shareholder
Services at 866-851-4179 or contactus@kingsdaleshareholder.com.
About the Company
Kingsway is a holding company functioning as a merchant bank
with a focus on long-term value-creation. The Company owns or
controls stakes in several insurance industry assets and utilizes
its subsidiaries, 1347 Advisors LLC and 1347 Capital LLC, to pursue
opportunities acting as an advisor, an investor and a financier.
The common shares of Kingsway are listed on the Toronto Stock
Exchange and the New York Stock Exchange under the trading symbol
"KFS."
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 that are not
historical facts, and involve risks and uncertainties that could
cause actual results to differ materially from those expected and
projected. Words such as "expects", "believes", "anticipates",
"intends", "estimates", "seeks" and variations and similar words
and expressions are intended to identify such forward-looking
statements. Such forward-looking statements relate to future events
or future performance, but reflect Kingsway management's current
beliefs, based on information currently available. A number of
factors could cause actual events, performance or results to differ
materially from the events, performance and results discussed in
the forward-looking statements. For information identifying
important factors that could cause actual results to differ
materially from those anticipated in the forward looking
statements, please refer to the section entitled "Risk Factors" in
the Company's 2013 Annual Report on Form 10-K. Except as expressly
required by applicable securities law, the Company disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.
SOURCE Kingsway Financial Services Inc.