Homburg Invest Inc. announced that it has terminated the support agreement entered into with The Catalyst Capital Group Inc., on behalf of funds managed by it and its previously announced investment proposal process. As announced on April 16, 2013, the support agreement provided that Homburg Invest and Catalyst would work together to complete the final documentation necessary to implement its provisions, including amendments to the Plans of Compromise and Reorganization filed with the Superior Court of Québec (Commercial Division) on February 6, 2013 relating to Homburg Invest's restructuring. The parties were unable to reach agreement regarding the substance of the amendments to the Plans and the related documents.

Homburg Invest also notified Catalyst that certain conditions of the support agreement had not been met.