Wilmington Capital Management Inc. is a Canadian investment company that has principally focused on seeking out investment opportunities in the alternative asset classes which provide the Corporation's shareholders with capital appreciation over the longer term as opposed to current income.   Wilmington invests its own capital, alongside partners and co-investors, in hard assets and manages these assets through operating platforms.

n the past 24 months, the Corporation has monetized a significant number of its investments in order to unlock the embedded value, which had been substantially realized, simplify its business, repatriate capital to shareholders and review alternatives aimed at creating greater liquidity for shareholders.

Wilmington historically organized its business into a number of distinct operating platforms being the marinas, real estate, energy and other divisions, to which Wilmington provides services to ensure that the underlying assets are effectively managed and their values are enhanced in the near to longer term time frames.  As at December 31, 2024, the Corporation's remaining investment, is a real estate development, Bay Moorings Partnership.

Ontario Development Land - 18% ownership interest
Bay Moorings Partnership has completed the redevelopment project, Champlain Shores, a lakefront community development, consisting of 50 home sites and is also zoned to accommodate an 88-unit condominium.

www.champlainshores.com

REALIZED INVESTMENTS

Real Estate - Ontario Marinas 
Wilmington was a founding investor in the Maple Leaf Marinas in 2017, which has grown to own and operate 21 marinas in Ontario having over 8,800 boat slips and rack at the time of its disposition.  On February 22, 2024, Wilmington sold its 17% interest in Maple Leaf Marinas Holdings Partnership for $22.0 million. 

Real Estate - RV Resorts and Campgrounds
Wilmington was a founding investor in the Sunchaser RV Resort in 2021, which has grown to own and operation three RV resorts in Alberta and British Columbia having approximately 1,000 sites at the time of its disposition.  On November 1, 2024, Wilmington sold its 16% interest in Sunchaser RV Resorts LP for $4.7 million.

Real Estate - Land Held For Development 
On August 30, 2024, Wilmington sold 3.4 acres of develop land located in Calgary for $9.2 million. 
 
Private Equity Energy - Northbridge Capital Partners Ltd., 
On December 31, 2023, Wilmington sold its interest in Northbridge, an energy-focused exempt market dealer, and received cash and in-kind distributions (direct holdings in energy securities) from substantially all of its investments in the Northbridge funds.  Wilmington is seeking to monetize these direct holdings in an orderly manner.

Real Estate - Self-Storage
Wilmington was a founding investor in the Real Storage group in 2010 which initially owned and operated 5 self-storage facilities in Alberta.  The Real Storage group, led by Wilmington management, grew to 38 stores across Canada making it the fourth largest self-storage business in the country.  In 2019, the Real Storage group was sold for $275M.

Wilmington sold its 19.7% interest in the Bow City Partnerships (www.bowcitystorage.ca) on August 9, 2023 for $3.9 million.  The Corporation determined that the majority of the development upside had been realized and the proceeds realized will be redeployed in new opportunities.

Real Estate - Manufactured Home Communities
Wilmington was a founding investor in Parkbridge Lifestyle Communities which owned and managed manufactured home communities, RV parks and marinas in Canada.  Parkbridge was led by Wilmington management and was the largest land lease business in Canada.  In 2011, Parkbridge was sold to BCIMC for $790M.