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Kingsway Financial sells shares of asset manager

Kingsway Financial Services Inc. has divested its ownership of 1,813,889 common shares of Itasca Capital Ltd. at a price of 72 Canadian cents each, for total gross proceeds of C$1.3 million.

Kingsway sold the shares as part of its ongoing portfolio management. Following the sale, it holds 4,985,560 shares of Itasca, or approximately 22.86% of its outstanding stock.