Clairvest Reports Fiscal 2022 Fourth Quarter and Year End Results
TORONTO, June 27, 2022 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX:CVG) today reported results for the fourth quarter and year ended March 31, 2022 and material events which occurred subsequent to year end. (All figures are in Canadian dollars unless otherwise stated) Highlights March 31, 2022 book value was $1,179.1 million or $78.33 per share compared with $972.1 million or $64.58 per share as at December 31, 2021 and $56.96 per share as at March 31, 2021Net income for the fourth quarter was $207.0 million or $13.75 per share, driven by significant valuation changes in the Clairvest Equity Partners V ("CEP V") and Clairvest Equity Partners VI ("CEP VI") investment portfoliosNet incom