PWC Capital Inc. Announces Normal Course Issuer Bids

PWC Capital Inc.’s (TSX:PWC) Normal Course Issuer Bids (NCIBs) for its Common Shares, Class B Preferred Shares and Series C Notes, which commenced on March 14, 2014, will terminate on March 13, 2015. Pursuant to the Class B Preferred Share Normal Course Issuer Bid (NCIB), PWC has repurchased for cancellation 15,300 of its Class B Preferred Shares at a weighted average price of $11.78.

PWC has obtained approval from the Toronto Stock Exchange (TSX) to proceed with new NCIBs for its Common Shares, Class B Preferred Shares and Series C Notes. For all three NCIBs, the purchases may commence on March 16, 2015 and will terminate on March 15, 2016, or such earlier date as PWC may complete its purchases pursuant to the NCIBs. The purchases will be made by PWC through the facilities of the TSX or alternative trading systems and in accordance with the rules of the TSX, and the prices that PWC will pay for any Common Shares, Class B Preferred Shares and Series C Notes will be the market price of such shares or notes at the time of acquisition. PWC will make no purchases of Common Shares, Class B Preferred Shares and Series C Notes other than open market purchases.

Pursuant to the Common Share NCIB, PWC may purchase for cancellation up to 2,470,000 of its Common Shares representing 9.98% of the public float. As of March 5, 2015, the public float comprises 24,758,559 Common Shares. The issued and outstanding Common Shares total 41,852,084. The average daily trading volume (ADTV) of PWC’s Common Shares on the TSX for the months of September 2014 to February 2015 was 50,096 shares. Daily purchases will be limited to 25% of the ADTV, which is 12,524 Common Shares, other than block purchase exceptions.

Pursuant to the Class B Preferred Share NCIB, PWC may purchase for cancellation up to 185,000 of its Class B Preferred Shares (TSX:PWC.PR.B) representing 9.79% of the public float. As of March 5, 2015, the public float comprises 1,889,858 Class B Preferred Shares. The issued and outstanding Class B Preferred Shares total 1,894,158. The average daily trading volume (ADTV) of PWC’s Class B Preferred Shares on the TSX for the months of September 2014 to February 2015 was 1,768 shares. Daily purchases will be limited to 1,000 Class B Preferred Shares, other than block purchase exceptions.

Pursuant to the Series C Note NCIB, PWC may purchase for cancellation up to $3,300,000 of its Series C Notes (TSX:PWC.NT.C) representing 9.79% of the public float. As of March 5, 2015, the public float comprises $33,693,000 Series C Notes. The issued and outstanding Series C Notes total $61,705,000. The average daily trading volume (ADTV) of PWC’s Series C Notes on the TSX for the months of September 2014 to February 2015 was $56,400. Daily purchases will be limited to 25% of the ADTV, which is $14,100 Series C Notes, other than block purchase exceptions.

PWC believes that the market price of its Common Shares, Class B Preferred Shares and Series C Notes are unusually low and do not fully reflect the value of its business and the future prospects of PWC. As a result, PWC believes that purchasing its Common Shares, Class B Preferred Shares and Series C Notes represents an attractive investment opportunity and an appropriate and desirable use of available funds.

On behalf of the Board of Directors: David R. Taylor, President & C.E.O.

Visit our website at: http://pwccapital.com