Sagicor Financial Corporation Limited and Alignvest Acquisition II Corporation Announce Closing and Subsequent Listing on The Toronto Stock Exchange

• Sagicor Financial Corporation Limited ("SFCL") and Alignvest Acquisition II Corporation ("AQY") announced that they have completed the business combination transaction involving the transfer of all issued and outstanding shares in SFCL to AQY in exchange for shareholders of SFCL receiving cash or shares of AQY.  The resulting entity is named Sagicor Financial Company Ltd. ("Sagicor").
• As a result of the closing, Sagicor will retain over US$440 million of net cash and will be exceptionally well-capitalized.  Sagicor expects to utilize the cash for growth and for capital optimization purposes.
• Sagicor's registered office will continue in Bermuda and the head office will remain in Barbados.

(Source: Yahoo Finance)