Helios Fairfax Partners Embraces African Market Growth

Helios Fairfax Partners Corporation (TSE:HFPC.U) has released an update.

Helios Fairfax Partners Corporation reported a shift in focus for 2023, liquidating Legacy Non-Core Assets to generate $62.7 million for investments aligned with African economic growth trends in demographics, urbanization, and technology. Despite a challenging quarter marked by an $80.9 million net loss and a decrease in book value per share from the previous year, the company saw unrealized gains in Helios Managed Investments and successfully redeemed debt ahead of maturity, improving liquidity.

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