November 27, 2014 1:12 AM ET

Capital Markets

Company Overview of Working Opportunity Fund Ltd., L.P.

Company Overview

Working Opportunity Fund Ltd., L.P. specializes in early-stage investments. The fund also supports companies through to maturity. It seeks to invest in small and mid-sized businesses focused on information technology, life sciences, clean technology, and advanced manufacturing sectors. The fund seeks to invest in private companies based in British Columbia, Canada. The fund generally exits an investment through merger and acquisitions and initial public offerings.

1959 Upper Water Street

Suite 1502

Halifax, NS B3J 3N2

Canada

Founded in 1992

Phone:

902-492-5164

Fax:

902-421-1808

Key Executives for Working Opportunity Fund Ltd., L.P.

Senior Vice President
Vice President of Investments
Vice President of Investments
Vice President of Investments
Investment Analyst
Compensation as of Fiscal Year 2014.

Working Opportunity Fund Ltd., L.P. Key Developments

Working Opportunity Fund (EVCC) Ltd. Approves Payment of Dividends on the 11 Series and 12 Series of the Commercialization Series

Working Opportunity Fund (EVCC) Ltd. announced that the Board of Directors of the Fund has approved the payment of dividends on the 11 Series and 12 Series of the Commercialization Series in accordance with adopted dividend policies. The Fund has approved a dividend of $1.25 per share for each of the 11 Series and 12 Series of Class A Shares of the Commercialization Series. The dividend payments reflect the Fund's policy to pay dividends equal to 25% of the purchase price of the Commercialization shares within three years of the year of purchase.

Working Opportunity Fund Ltd., L.P., Annual General Meeting, Dec 04, 2013

Working Opportunity Fund Ltd., L.P., Annual General Meeting, Dec 04, 2013., at 17:00 Pacific Standard Time. Location: offices of GrowthWorks Capital Ltd.. Agenda: To receive the Fund's Annual Report; to approve, by ordinary resolution, the re-appointment of Hay & Watson, Chartered Accountants, as auditors of the Fund, and to authorize the directors to determine their remuneration; to elect, by ordinary resolution, two directors from among those persons nominated at the meeting; to approve, by special resolution, the capitalization of sufficient amounts of the Fund's 2013 earnings so as to minimize the income taxes payable by the Fund, as more particularly described in the accompanying management information circular; and to transact any other business as may properly come before the annual general meeting and any adjournments thereof.

Working Opportunity Fund Ltd., L.P. Announces Temporary Extensions

Working Opportunity Fund Ltd., L.P. announced that it has approved a temporary extension of the repayment of a secured note held by the Fund and has approved a temporary extension of the Fund's credit facility. Extension of Canadian Fund Secured Note Repayment. The Fund has also approved a temporary extension of the repayment of the $9.5 million principal amount secured note issued by GrowthWorks Canadian Fund Ltd. ("Canadian Fund") to the Fund from December 20, 2012 to December 31, 2012. This principal amount was advanced by two series of the Fund to Canadian Fund over the period of July 2011 to December 2011. Until March 28, 2012, the secured note earned simple interest of 12% per annum on amounts advanced. Since making the investment, a total of $2.1 million in interest was accrued to December 20, 2012. The secured note was originally due to mature on March 31, 2012. On March 28, 2012, the maturity date of the secured note was extended to May 15, 2012 and interest on the secured note was increased to 22% in order to match the interest and charges payable by the Fund on the credit facility described below. The two series also received an aggregate extension fee of $225,000. On May 14, 2012, the terms of the secured noted were further amended to provide for an extension of the maturity date to December 20, 2012 and to include a repayment provision whereby the Fund will receive 50% of all net divestment proceeds received by Canadian Fund above an initial $5 million.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 12, 2013
Strutta.com Media Inc.
 

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