British Columbia Discovery Fund Inc. (formerly British Columbia Discovery Fund (VCC) Inc.) Provides Update on Liquidation Proceedings

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VANCOUVER, British Columbia, Dec. 31, 2023 (GLOBE NEWSWIRE) — British Columbia Discovery Fund Inc., (formerly British Columbia Discovery Fund (VCC) Inc.) (the “Fund”), by MNP Ltd. (formerly The Bowra Group Inc.) in its capacity as liquidator of the Fund (the “Liquidator”), provides the following update as to the liquidation proceedings of the Fund.

Pricing Net Asset Value per Class A Common Share is $0.21 as at November 30, 2023 compared to $0.21 as at August 31, 2023.

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The Liquidator has now sold all of the Fund’s investments in publicly traded investments and made a distribution to shareholders of $.52 per share on June 19, 2023. Further details of the sale of the Fund’s publicly traded investments and distribution to shareholders are contained in earlier press releases.