Pembroke Issues Open Letter to Collectors Universe Shareholders

Rhea-AI Summary

Pembroke Management Ltd., an institutional shareholder of Collectors Universe (CLCT), has issued an open letter to CLCT shareholders, representing an ownership interest of approximately 3.5%. The letter discusses Pembroke's views on the value of CLCT's securities and proposes actions the company's board may take to enhance shareholder value. It emphasizes that statements made in the letter are forward-looking and subject to risks and uncertainties that could affect actual performance.

Positive

• Pembroke Management holds a 3.5% ownership interest in CLCT, indicating significant investment confidence.
• The open letter suggests potential actions to enhance shareholder value, which may signal proactive management involvement.

Negative

• None.

MONTREAL, Dec. 18, 2020 /PRNewswire/ - Pembroke Management Ltd., an institutional shareholder of Collectors Universe, Inc. ("CLCT" or the "Company") (NASDAQ:CLCT) with an ownership interest of approximately 3.5%, today announced that it has issued the following open letter to CLCT shareholders, which can be accessed at the following link:

Letter to CLCT Shareholders

About Pembroke Management Ltd.

Since its founding in Montreal in 1968, Pembroke Management has focused on investing in high-quality growth companies in Canada and the US. With offices in Montreal, Toronto and Vancouver, Pembroke Management serves institutional and high net worth clients in North America and Europe.

Pembroke Private Wealth Management, a wholly owned subsidiary of Pembroke Management founded in 1988, offers a range of investment solutions to family offices and high net worth clients across Canada and is registered with the Mutual Fund Dealers Association.

The Pembroke group of companies is proudly independent and has combined innovation, insight and growth to help build client wealth since 1968.

SPECIAL NOTE REGARDING THIS LETTER:

THIS LETTER CONTAINS OUR CURRENT VIEWS ON THE VALUE OF THE COMPANY'S SECURITIES AND CERTAIN ACTIONS THAT THE COMPANY'S BOARD MAY TAKE TO ENHANCE THE VALUE OF ITS SECURITIES. OUR VIEWS ARE BASED ON OUR OWN ANALYSIS OF PUBLICLY AVAILABLE INFORMATION AND ASSUMPTIONS WE BELIEVE TO BE REASONABLE. THERE CAN BE NO ASSURANCE THAT THE INFORMATION WE CONSIDERED AND ANALYZED IS ACCURATE OR COMPLETE. SIMILARLY, THERE CAN BE NO ASSURANCE THAT OUR ASSUMPTIONS ARE CORRECT. THE COMPANY'S ACTUAL PERFORMANCE AND RESULTS MAY DIFFER MATERIALLY FROM OUR ASSUMPTIONS AND ANALYSIS.

WE HAVE NOT SOUGHT, NOR HAVE WE RECEIVED, PERMISSION FROM ANY THIRD-PARTY TO INCLUDE THEIR INFORMATION IN THIS LETTER. ANY SUCH INFORMATION SHOULD NOT BE VIEWED AS INDICATING THE SUPPORT OF SUCH THIRD PARTY FOR THE VIEWS EXPRESSED HEREIN.

THIS LETTER ALSO REFERENCES THE SIZE OF OUR RESPECTIVE CURRENT HOLDINGS OF THE COMPANY'S SECURITIES RELATIVE TO OTHER HOLDERS OF SUCH SECURITIES. OUR VIEWS AND OUR HOLDINGS COULD CHANGE AT ANY TIME. WE MAY SELL ANY OR ALL OF OUR HOLDINGS OR INCREASE OUR HOLDINGS BY PURCHASING ADDITIONAL SECURITIES. WE MAY TAKE ANY OF THESE OR OTHER ACTIONS REGARDING THE COMPANY WITHOUT UPDATING THIS LETTER OR PROVIDING ANY NOTICE WHATSOEVER OF ANY SUCH CHANGES (EXCEPT AS OTHERWISE REQUIRED BY LAW).

FORWARD-LOOKING STATEMENTS:

Certain statements contained in this letter are forward-looking statements including, but not limited to, statements that are predications of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Forward-looking statements are not guarantees of future performance or activities and are subject to many risks and uncertainties. Due to such risks and uncertainties, actual events or results or actual performance may differ materially from those reflected or contemplated in such forward-looking statements. Forward-looking statements can be identified by the use of the future tense or other forward-looking words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "should," "may," "will," "objective," "projection," "forecast," "management believes," "continue," "strategy," "position" or the negative of those terms or other variations of them or by comparable terminology.

Important factors that could cause actual results to differ materially from the expectations set forth in this letter include, among other things, the factors identified in the public filings of the Company. Such forward-looking statements should therefore be construed in light of such factors, and we are under no obligation, and expressly disclaim any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:http://www.prnewswire.com/news-releases/pembroke-issues-open-letter-to-collectors-universe-shareholders-301196170.html

SOURCE Pembroke Management, LTD

FAQ

What is Pembroke Management's ownership in Collectors Universe (CLCT)?

Pembroke Management holds approximately 3.5% of the ownership interest in Collectors Universe (CLCT).

When was the open letter to CLCT shareholders issued?

The open letter was issued on December 18, 2020.

What does Pembroke Management propose in the open letter to CLCT shareholders?

The open letter discusses Pembroke's views on enhancing the value of CLCT's securities and proposes potential actions for the company's board.

Are the statements in the Pembroke letter to CLCT shareholders guaranteed to reflect future performance?

No, the statements are forward-looking and subject to known and unknown risks, meaning actual performance may differ.