Adjournment of Special Meetings of Shareholders and Debentureholders of LOGiQ Asset Management Inc.

TORONTO, Nov. 10, 2017 /CNW/ - LOGiQ Asset Management Inc. ("LOGiQ", or the "Company") (TSX:LGQ) announced today that the special meetings (the "Meetings") of the holders (the "Shareholders") of the common shares in the capital of the Company and the holders (the "Debentureholders") of the Company's 7.00% senior unsecured convertible debentures due June 30, 2021 (the "Debentures") have been adjourned to December 8, 2017.

On September 11, 2017, the Company entered into an agreement with Purpose Investments Inc. (the "Purchaser") pursuant to which, and subject to the terms and conditions thereof, the Purchaser agreed to acquire and the Company agreed to sell the asset management agreements and related assets relating to all of the retail investment funds (the "Funds") currently managed by LOGiQ Asset Management Ltd., LOGiQ Capital Partners Inc. and LOGiQ Capital 2016, the Company's registered subsidiaries (the "Transaction"). The Company called the Meetings for Shareholders and Debentureholders to consider and approve special resolutions to approve the Transaction, as well as certain amendments to the Indenture governing the Debentures (the "Debenture Amendments").

As a result of discussions with certain Debentureholders, the Company has decided to revise the Debenture Amendments set out in the Joint Management Information Circular dated October 11, 2017 (the "Circular"). The Company intends to mail to Shareholders and Debentureholders a supplement to the Circular describing such revised Debenture Amendments. In order to provide Shareholders and Debentureholders the opportunity to review and consider the revised Debenture Amendments, the Meetings have been adjourned to December 8, 2017. Debentureholders holding a significant proportion of the Debentures have indicated that they intend to vote in favour of the Transaction and the revised Debenture Amendments at the adjourned Meetings.

The record date for the Meetings is unchanged. Shareholders and Debentureholders of record on October 4, 2017 will be mailed the supplement and will be entitled to vote at the Meetings. The supplement will also be available at www.sedar.com.

The closing of the Transaction, which is expected to occur on or about December 15, 2017, is subject to a number of conditions precedent in addition to the approval by the Shareholders and Debentureholders, including all required securities regulatory and stock exchange approvals, and satisfaction of other customary closing conditions.

LOGiQ (logiqasset.com) is a diversified asset management company with a suite of retail mutual funds, closed end funds, hedge funds and pooled funds, and also provides segregated institutional managed accounts and institutional advisory sales.  Excluding the retail assets under management that are the subject of the Transaction, LOGiQ has assets under management or advisement, and institutional advisory sales-related fee earning arrangements that are not managed or advised, totaling approximately $3.5 billion as at August 11, 2017.

SOURCE LOGiQ Asset Management Ltd.

Joe Canavan, President & Chief Executive Officer LOGiQ Asset Management Inc., [phone]; Mary Anne Palangio, Chief Financial Officer, LOGiQ Asset Management Inc., [phone]