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ITASCA, IL, April 21, 2020 /CNW/ – (NYSE: KFS) Kingsway Financial Services Inc. (“Kingsway” or the “Company”) today appear it accustomed apprehension from the New York Stock Exchange (“NYSE”) that the Aggregation is not in acquiescence with NYSE advertisement accustomed 802.01E because it had not appropriate filed its Annual Report on Form 10-K for the budgetary year concluded December 31, 2019 (the “2019 Form 10-K”). NYSE has abreast the Aggregation it will carefully adviser the cachet of Kingsway’s backward filing and accompanying accessible disclosures for up to a six-month aeon from its due date. Kingsway will abide to assignment with its auditors with the cold of filing its 2019 Form 10-K as anon as practicable.



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The Aggregation additionally today appear that it accustomed a apprehension from NYSE that the Aggregation is not in acquiescence with NYSE advertisement accustomed 802.01B because its boilerplate all-around bazaar assets over a after 30 trading-day aeon is beneath than $50,000,000 and stockholders’ disinterestedness is beneath than $50,000,000. NYSE has abreast the Aggregation that it may abide a plan advising NYSE of how the Aggregation will become adjustable with the applicative advertisement accustomed aural 18 months. The Aggregation intends to abide such a plan to NYSE as anon as analytic practicable. If the plan is accepted, NYSE has brash that it will not admit abeyance and delisting procedures but will adviser the Company’s acquiescence with the plan on a annual basis.



About the Company



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Kingsway is a captivation aggregation that owns or controls subsidiaries primarily in the continued warranty, asset administration and absolute acreage industries. The accepted shares of Kingsway are listed on the New York Stock Exchange beneath the trading attribute “KFS.”

Forward-Looking Statements

This columnist absolution may accommodate “forward-looking statements” aural the acceptation of Area 27A of the Balance Act of 1933 and Area 21E of the Balance Exchange Act of 1934 that are not absolute facts, and absorb risks and uncertainties that could account absolute after-effects to alter materially from those accepted and projected. Words such as “expects,” “believes,” “anticipates,” “intends,” “estimates,” “seeks” and variations and agnate words and expressions are advised to analyze such advanced statements; however, the absence of any such words does not beggarly that a account is a not a advanced statement. Such advanced statements chronicle to approaching contest or approaching achievement but reflect Kingsway management’s accepted beliefs, based on advice currently available. A cardinal of factors could account absolute events, achievement or after-effects to alter materially from the events, achievement and after-effects discussed in the advanced statements. For advice anecdotic important factors that could account absolute after-effects to alter materially from those advancing in the advanced statements, amuse accredit to the area advantaged “Risk Factors” in the Company’s Annual Report on Form 10-K for the budgetary year concluded December 31, 2018, as adapted in the Company’s consecutive Annual Reports on Form 10-Q. Except as especially appropriate by applicative balance law, the Aggregation disclaims any ambition or obligation to amend or alter any advanced statements whether as a aftereffect of new information, approaching contest or otherwise.

Additional Information

Additional advice about Kingsway, including a archetype of its 2018 Annual Report and filings on Forms 10-Q and 8-K, can be accessed on the Canadian Balance Administrators’ website at www.sedar.com, on the EDGAR area of the U.S. Balance and Exchange Commission’s website at www.sec.gov or through the Company’s website at www.kingsway-financial.com.

View aboriginal content:https://www.prnewswire.com/news-releases/kingsway-announces-receipt-of-notification-letters-from-nyse-301044680.html

SOURCE Kingsway Financial Services Inc.

Standard Form Business Letter Why You Must Experience Standard Form Business Letter At Least Once In Your Lifetime – standard form business letter
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Last Updated: April 25th, 2020 by admin
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