Urbana Corporation net asset value per share above $ 7 – sets new all-time high

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/ NOT FOR DISTRIBUTION TO WIRE SERVICES IN THE UNITED STATES OR FOR DISTRIBUTION IN THE UNITED STATES /

TORONTO, October 15, 2021 (GLOBE NEWSWIRE) – Urbana Corporation (“Urbana”) (TSX and CSE: URB, URB.A) is pleased to announce that as of the October 14 close e , 2021, its net asset value per share (“NAVPS”) reached a new all-time high of $ 7.02, exceeding for the first time $ 7. Urbana’s total net assets now exceed $ 300 million.

Urbana’s NAVPS at the end of 2020 was $ 5.64, before our dividend of $ 0.09 per share in January 2021. Much of the contribution to this year’s growth comes from our strong financial positions in United States, the energy sector and in particular Urbana’s private investments.

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Urbana’s largest private investment is CNSX Markets Inc., the operator of the Canadian Stock Exchange. Urbana’s current private holdings include Tetra Trust Company, Blue Ocean Technologies, LLC, Miami International Holdings Inc. and HighView Financial Group, a leading Canadian provider of family office services.

“. Urbana Corporation’s net asset value per share now exceeds $ 7.00, a record! Said Thomas S. Caldwell, president of Urbana Corporation. “We believe Urbana’s permanent capital base has enabled us to respond quickly to the volatile markets that COVID has presented to us. “

About Urbana Corporation

Urbana Corporation is a diversified investment company. Its strategy is to seek and invest in private investment opportunities for capital appreciation and to invest in publicly traded securities to provide growth, income and liquidity. The combination of an actively managed portfolio of publicly traded securities and private equity investments ensures that uncommitted assets are used productively as we seek, assess and participate in opportunities in the non-public sphere.

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Please contact Elizabeth Naumovski, Investor Relations
enaumovski@urbanacorp.com or 416-595-9106 for more information.
www.urbanacorp.com

Forward-looking information

Certain information contained in this press release constitutes forward-looking information, i.e. information relating to possible events, conditions or operating results which are based on assumptions concerning economic conditions and business plans. future actions and which are inherently uncertain. All information other than statements of historical fact may be forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “expect”, “Foresee”, “may”, “will”, “project”, “predict”, “potential”, “target”, “intend”, “could”, “could”, “should”, “believe” , and similar words or phrases (including negative variations) suggesting future results or statements regarding a prospect. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Urbana believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct. Certain of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking information contained in this press release are described in Urbana’s latest MD&A and annual information form. All forward-looking information contained in this press release is provided as of the date of this press release, based on management’s opinions and estimates and information available to management as of the date of this press release. Urbana assumes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any forward-looking information contained in this press release.

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