About HoldCo Asset Management
HoldCo Asset Management is an investment adviser located in New York City. HoldCo was founded by Vik Ghei and Misha Zaitzeff. HoldCo and its affiliates currently have approximately $500 million in regulatory assets under management.
As of the publication date of this document and attached letter, HoldCo Asset Management, LP and its affiliates (collectively "HoldCo"), have a long position in the subordinated debt and a short position in the stock of the company referenced herein. Taken as a whole, HoldCo will likely profit if the price of FNBC's common stock declines. HoldCo may change its views about its investment positions in FNBC at any time, for any reason or no reason, and at any time may change the form or substance of any of its FNBC investment positions. If it does so, it will not be under obligation to inform anyone.
All content in this document and attached letter represent the opinions of HoldCo. HoldCo has obtained all information herein from publicly available sources they believe to be accurate and reliable. However, such information is presented "as is," without warranty of any kind whether express or implied. HoldCo stresses that the letter linked to in this press release is a highly imperfect, and very rough, attempt to piece together limited public information to formulate answers to some of the most pressing questions that it has about FNBC. This document is for informational purposes only and is not intended as an official confirmation of any transaction. All data and other information are not warranted as to completeness or accuracy and reflect HoldCo's views as of this date, all of which are accordingly subject to change without notice.
This document and attached letter do not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
HoldCo reserves all rights that it may against FNBC, its subsidiaries, its affiliates and its representatives, including all rights that HoldCo may have under Article 971 of the Louisiana Code of Civil Procedure, and all such rights are expressly reserved.
The information contained in this document may include, or incorporate by reference, forward-looking statements, which would include any statements that are not statements of historical fact. These forward-looking statements may turn out to be wrong and can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, most of which are beyond the HoldCo's control.
We are not tax lawyers or accountants and nothing stated herein should be used or relied upon without consultation with your advisors including tax lawyers, bankruptcy lawyers, and tax accountants that have specialization in Section 382 of the Tax Code.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/holdco-asset-management-sends-fourth-public-letter-to-fnbc-300368129.html
SOURCE HoldCo Asset Management