Business
Montfort Capital Corp. Announces Resignations from Board of Directors
Montfort Capital Corp. ("Montfort" or the "Company") (TSXV: MONT), announces that Janice Lederman and Paul Geyer have resigned from the Company's Board of Directors, effective April 26, 2026.
About this update from Montfort Capital Corp
[{"type":"text","content":"TORONTO, April 27, 2026 /CNW/ - Montfort Capital Corp. ("Montfort" or the "Company") (TSXV: MONT), announces that Janice Lederman and Paul Geyer have resigned from the Company's Board of Directors, effective April 26, 2026.","length":247,"tagName":"p"},{"type":"image","alt":"Montfort Capital Corp. Logo (CNW Group/Montfort Capital Corp.)","displaySize":"","headline":null,"caption":"Montfort Capital Corp. Logo (CNW Group/Montfort Capital Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":110,"url":"https://media.zenfs.com/en/cnwgroup.com/df9708ef5ce95670b78e35725afcb8e1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/YNcklv._L6F1iJfgCmtwTQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5NA--/https://media.zenfs.com/en/cnwgroup.com/df9708ef5ce95670b78e35725afcb8e1","width":400,"height":110}},"href":"https://mma.prnewswire.com/media/2966756/Montfort_Capital_Corp__Montfort_Capital_Corp__Announces_Resignat.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""We thank both Jan and Paul for their years of service as Montfort directors and committee members," said Howard Atkinson, Chair of the Board of Directors. "Their contributions to the Company have been meaningful."","length":234,"tagName":"p"},{"type":"text","content":"The Company does not intend to appoint replacement directors at this time, as the Board's current composition is appropriate for the Company's scale of operations.","length":171,"tagName":"p"},{"type":"text","content":"Further, Cortland Credit Lending Corporation ("Cortland") issued demands under certain credit facilities on Pivot Financial I Limited Partnership ("Pivot"), as direct obligor, and also upon the guarantors of Pivot's obligations to Cortland, including Montfort and Langhaus Financial Corporation. In response, the Company halted trading of its securities on Friday, April 24, 2026. Discussions over the weekend between the parties resulted in the retraction of the demands as the parties work towards an alternative solution. The Company will provide updates to its shareholders in due course.","length":616,"tagName":"p"},{"type":"text","content":"About Montfort Capital Corp.","length":28,"tagName":"p"},{"type":"text","content":"Montfort builds and manages private credit portfolios...