MONT Montfort Capital Corp

~Transaction increases Langhaus funding capacity by $50 million~

TORONTO, Feb. 22, 2024 /CNW/ - Montfort Capital Corporation ("Montfort" or the "Company") (TSXV: MONT) (OTCQB: MONTF), a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers, is pleased to announce that its subsidiary, Langhaus Financial Partners Inc. ("Langhaus"), has increased its funding capacity by $50 million through the creation of a limited partnership Langhaus LP IV ("LP IV"). The new funding is provided through a facility from a large Schedule I bank. Over the past six months Langhaus has increased capacity by more than $120mm.

"We continue to see increasing support from large financial institutions for our growing insurance lending solutions business," said Cory Bast, COO of Langhaus Financial. "The creation of Langhaus LP IV will allow us to expand our business  while continuing to support Canadian advisors and their clients. The market for whole life Insurance backed lending solutions continues to grow as high-net-worth individuals utilize insurance strategies for wealth and estate planning. Langhaus Financial is committed to meeting the evolving needs of our marketplace, and the establishment of Langhaus LP IV underscores our dedication to providing innovative financial solutions."

Langhaus is the leading non-bank provider of insurance policy-backed lending solutions to high-net-worth individuals and entrepreneurs throughout Canada.  Working cooperatively with Canada's major insurance companies and top advisers, the Langhaus team designs flexible lending programs in a way that best meets the needs of borrowers, with an expertise in structured finance transactions and complex borrower structures that fall outside the typical purview of Canadian banks. For more information visit: www.langhausfinancial.com.

Montfort is a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers .  We employ focused strategies, experienced management teams and advanced technology to drive superior risk-adjusted investment returns. For further information, please visit www.montfortcapital.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally contain words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and within this news release include any statements (express or implied) respecting the future growth of the Company and the Company's future financial performance.

Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, the assumption that the Company and its investee companies are able to meet their respective future objectives and priorities and assumptions concerning general economic growth and the absence of unforeseen changes in the legislative and regulatory framework for the Company.

Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Montfort's business. Material risks and uncertainties applicable to the forward-looking statements set out herein include but are not limited to: intense competition in all aspects of business; reliance on limited management resources; general economic risks; new laws and regulations and risk of litigation. Although Montfort has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Montfort. Accordingly, readers should not place undue reliance on forward-looking statements. Montfort undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.

SOURCE Montfort Capital Corp.