Urbana Corporation
TSX : URB.A

Urbana Corporation

March 31, 2009 14:40 ET

Urbana Corporation Receives Final Settlement Payment From the Philadelphia Stock Exchange

TORONTO, ONTARIO--(Marketwire - March 31, 2009) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Urbana Corporation ("Urbana") (TSX:URB.A) is pleased to announce that it has received the final payout from the settlement with the Philadelphia Stock Exchange ("PHLX") and a number of its former shareholders.

Urbana received a payment of US$334,017 on March 25, 2009, making Urbana's total investment return in PHLX 40%.

Nasdaq OMX completed the acquisition of PHLX on July 24, 2008 for $652 million in cash.

Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana's current focus is buying memberships and shares in private and public securities exchanges in North America and around the world.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.


Contact Information

  • Urbana Corporation
    Elizabeth Naumovski
    Investor Relations
    416-595-9106