ITASCA, IL, March 16, 2020 /CNW/ - (NYSE: KFS) Kingsway
Financial Services Inc. ("Kingsway" or the "Company") today
announced that the New York Stock Exchange ("NYSE") granted the
Company an additional extension through April 17, 2020 to become current with all of its
periodic Securities and Exchange Commission ("SEC") filings. The
NYSE will continue the listing of the Company's common stock during
such time; however, the additional extension period and continued
listing of the Company's common stock is subject to ongoing
reassessment by the NYSE. The NYSE also informed Kingsway that in
the event it does not file its Quarterly Reports on Form 10-Q for
the periods ended March 31, 2019,
June 30, 2019, and September 30, 2019, respectively, and any
subsequent delayed filings with the SEC by April 17, 2020, the NYSE will move forward with
the initiation of suspension and delisting procedures. At this
time, the Company expects to file all of its delinquent SEC filings
prior to the expiration of the extension period.
About the Company
Kingsway is a holding company that owns or controls subsidiaries
primarily in the extended warranty, asset management and real
estate industries. The common shares of Kingsway are listed on the
New York Stock Exchange under the trading symbol "KFS."
Forward-Looking Statements
This press release and/or the Letter may include
"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; however, the
absence of any such words does not mean that a statement is a not a
forward-looking statement. 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 Annual Report on
Form 10-K for the fiscal year ended December
31, 2018. 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.
Additional Information
Additional information about Kingsway, including a copy of its
2018 Annual Report and filings on Forms 10-Q and 8-K, can be
accessed on the Canadian Securities Administrators' website at
www.sedar.com, on the EDGAR section of the U.S. Securities and
Exchange Commission's website at www.sec.gov or through the
Company's website at www.kingsway-financial.com.
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SOURCE Kingsway Financial Services Inc.