Jade Power Completes Special Distribution

TORONTO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Jade Power Trust (“Jade Power” or the “Trust”) (TSXV: JPWR.H) is pleased to announce that it has completed its previously announced special distribution (the “Special Distribution”) to holders (“Unitholders”) of trust units (each, a “Unit”) in the capital of the Trust comprised of the following consideration per Unit: (i) $3.24 in cash; and (ii) one contingent value right (each, a “CVR”). As of the date of this press release, there are 22,252,912 Units issued and outstanding. The terms of the CVRs are set out in the indenture (the “CVR Indenture”) entered into between the Trust and TSX Trust Company, transfer agent to the Trust, dated December 12, 2022, which is available on Jade Power’s SEDAR profile at www.sedar.com.

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