REPORT ON FINANCIAL RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2026
TORONTO , May 28, 2026 /CNW/ - Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSXV: UFC ) ("Urbanfund" or the "Company"), confirmed today that the Company has filed its financial statements for the three months ended March 31, 2026 (the "Consolidated Financial Statements") and corresponding Management's Discussion and Analysis ("MD&A"). BUSINESS OVERVIEW AND STRATEGY Business Overview Urbanfund Corp. is an incorporated entity listed on the TSX Venture Exchange ("TSX-V") under the symbol UFC. The Company is a reporting issuer in Alberta, British Columbia and Ontario. Urbanfund's focus is to invest in Canadian real estate and real estate related projects with a focus on a mix of both residential and commercial properties. The Company's assets are located in Toronto, Brampton, Belleville, Kitchener and London, Ontario, Quebec City and Montreal, Quebec and Dartmouth, Nova Scotia. Operational Highlights Part of Urbanfund's strength is its ability to attract partners with proven track records with both residential and commercial development expertise. Urbanfund continues to build alliances with its strategic partners: 1040 Martin Grove Road, Toronto – During the three months ended March 31, 2026, two commercial units were sold for sales proceeds of $778,732 (March 31, 2025, two commercial units for $841,776). To date, the Company's capital contribution of $1,870,000 has been fully returned, and an additional profit distribution of $822,545 has been received to date, of which $154,000 was received subsequent to the quarter end. 270-330 Esna Park Drive, Markham - During the three months ended March 31, 2026, four commercial units were sold for sales proceeds of $901,952 (March 31, 2025 – four commercial units for $691,991). To date, the company has received $1,462,521 of distribution, of which $382,427 was received subsequent to the quarter end.
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