CHESSWOOD ANNOUNCES VOTING RESULTS FROM ANNUAL SHAREHOLDERS MEETING

TORONTO, May 18, 2023 /CNW/ - Chesswood Group Limited ("Chesswood" or the "Company") (TSX: CHW), a publicly traded North American specialty finance company providing commercial equipment leases and loans, automotive loans, home improvement financing, legal financing, and asset management, today announced the voting results for its 2023 Annual Shareholders Meeting (the "2023 Shareholders Meeting") held on May 18, 2023. A total of 10,664,957 shares (approximately 55.27% of the 19,295,888 voting shares eligible to be voted at the 2023 Shareholders Meeting) were represented in person or by proxy.

Each of the nominees listed in the Management Information Circular dated April 3, 2023 were elected as Directors of the Company at the 2023 Shareholders Meeting. 

Detailed results of the votes cast in respect of the election of the Directors are set out below:

	Votes For	% For	Votes Withheld	% Withheld
Catherine Barbaro	10,411,093	99.615	40,254	0.385
Raghunath Davloor	10,103,003	96.667	348,344	3.333
Robert J. Day	10,073,316	96.383	378,031	3.617
Jeff Fields	10,291,031	98.466	160,316	1.534
Ryan Marr	10,443,851	99.928	7,496	0.072
Edward Sonshine	10,425,596	99.754	25,751	0.246
Frederick W. Steiner	10,438,366	99.876	12,981	0.124
Daniel Wittlin	10,076,468	96.413	374,879	3.587

Shareholders also re-appointed Ernst & Young LLP as auditors for the ensuing year, with 96.57% of the votes cast in favour.

ABOUT CHESSWOOD GROUP LIMITED

Chesswood Group Limited is a Toronto, Canada based holding company whose subsidiaries engage in the business of specialty finance (including equipment finance throughout North America, and vehicle finance and legal sector finance in Canada), as well as the origination and management of private credit alternatives for North American investors. Our shares trade on the Toronto Stock Exchange (under the symbol CHW).

For information on Chesswood Group Limited and its operating subsidiaries:
www.ChesswoodGroup.com

www.PawneeLeasing.com                      www.TandemFinance.com 
www.VaultPay.ca                                     www.VaultCredit.com 
www.Rifco.net                                         www.WaypointInvestmentPartners.com 
www.EasyLegal.ca

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SOURCE Chesswood Group Limited

Investor Relations - 416-386-3099 / [email protected]; Media Inquiries - Ryan Marr, President & CEO - 416-386-3099 / [email protected]