Toronto, Ontario–(Newsfile Corp. – March 28, 2024) – SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) (FSE: 9SB) (“SOL Global” or the “Company”) today reported audited financial results for the year ended November 30, 2023. The Company is also pleased to present a general operational update regarding its assets and investments. All figures in this press release are in Canadian dollars, unless otherwise indicated.
Audited Year-End Results
For the year-ended November 30, 2023, the Company recorded a net loss of $34 million vs. year- ended November 30, 2022, net loss of $297 million. This represents a favorable change of $263 million.Total unrealized loss from investments totaled $29 million for the year-ended November 30, 2023, compared to an unrealized loss of $204 million for the year-ended November 30, 2022. This represents a favorable change of $175 million between periods.Total realized loss from investments totaled $10 million for the year-ended November 30, 2023, compared to a realized loss of $35 million for the year-ended November 30, 2022. This represents a favorable change of $25 million between periods.The Net Asset Value (“NAV”) per share is equal to $0.14 at November 30, 2023 vs. $1.17 at November 30, 2022.
“During the last year, we have restructured
