LOGiQ Asset Management Inc. Announces Sale of Institutional Partners Platform

Apr 20, 2018

TORONTO, April 19, 2018 (GLOBE NEWSWIRE) -- LOGiQ Asset Management Inc. (“LOGiQ”, or the “Company”) (TSX:LGQ) today announced the closing of the sale by the Company to Purpose Investments Inc. (“Purpose”) of certain institutional and private client contracts for cash proceeds of $550,000 (the “Transaction”), consisting of approximately $300 million in assets under management overseen by a team (the “Institutional Partners Team”) led by Barry Morrison and which includes Michael McNabb and Yvette Antoniak. As part of the Transaction, the Institutional Partners Team will be transferring to Purpose to continue their roles in servicing these institutional and private clients.

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