Input Capital Corp. Provides Strategic Alternatives Update

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[{"type":"text","content":"\n\n\n\nInput Capital Corp. Provides Strategic Alternatives Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nREGINA, May 14, 2019\n\n\n\nREGINA, May 14, 2019 /CNW/ - Input Capital Corp. (\"Input\" or the \"Company\") (TSX Venture: INP) (US: INPCF) announced today that its Board of Directors has reviewed progress on its previously announced evaluation of the company's future strategic direction and capital allocation priorities.\nThe Board undertook a thorough and comprehensive review, in consultation with management and financial advisors, and in the context of current market opportunities and trade disruptions. The Board has concluded that options for cost effective scalable funding of the company's mortgage stream business are not competitively available in the marketplace at this time. \nAs a result, the Board has taken the decision to postpone further capital deployment operations in favour of maximizing shareholder value from the company's existing book of business with our existing farm clients. The Board has directed management to concentrate efforts on the profitable operation of the existing book of mortgage, marketing and capital streams with the objective of maximizing book value per share and returning capital to shareholders by maximizing the use of the Company's Normal Course Issuer Bid program and exploring the use of a Substantial Issuer Bid in the near future.\nABOUT INPUT\nInput is an agriculture commodity streaming company with a focus on canola, the largest and most profitable crop in Canadian agriculture. The Company has developed several flexible and competitive forms of financing which help western Canadian canola farmers solve working capital, mortgage finance and canola marketing challenges and improve the financial position of their farms. Under a streaming contract, Input provides capital in exchange for a stream of canola via multi-year fixed-volume canola purchase contracts. To a farmer, Input is like a virtual grain company, buying canola and providing financial solutions. To canola buyers, Input is like a large...

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