NAV is calculated as at a particular date and is, by its nature, historical, and may not be reflective of Pinetree's future performance.
Pinetree discloses an unaudited monthly NAV within 15 days after the month-end. The latest month-end NAV and more details about Pinetree and its investments can be found on Pinetree's website at www.pinetreecapital.com.
Use of Non-GAAP Financial Measures
NAV is a non-GAAP (general accepted accounting principles) measure calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP measure presented in Pinetree's consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company has calculated NAV consistently for many years and believes that NAV can provide information useful to its shareholders in understanding its performance, and may assist in the evaluation of its business relative to that of its peers.
FOR FURTHER INFORMATION PLEASE CONTACT:
Pinetree Capital Ltd. Sheldon Inwentash, CPA, CA. Chairman & CEO 416-643-3884 Pinetree Capital Ltd. Gerry Feldman, CPA, CA. CFO & Vice President, Corporate Development 416-643-3884 email@example.com Pinetree Capital Ltd. 130 King Street West, Suite 2500 Toronto, Ontario, Canada, M5X 2A2 www.pinetreecapital.com Investor Relations: Pinetree Capital Ltd. Richard Patricio, LL. B.Vice President, Legal and Corporate Affairs 416-941-9600 firstname.lastname@example.org Source: Pinetree Capital Ltd.