SOL Global Investments Corp. announced that it is up to date on all interest payments and has repaid an additional $1.0 million towards its $50 million credit facility with an arm's length lender, reducing the principal amount of the Credit Facility to $4,518,323. SOL Global has also extended the term of the Credit Facility until September 30, 2023 and intends to continue making principal payments towards the Credit Facility as a top priority.

In light of current market conditions, the Company continues its corporate strategy focused exclusively on managing and maintaining the Company's existing core holdings and reducing and divesting all minority and non-core positions. As always, the team's goal is to provide shareholders with liquidity, and increases in market capitalization in 2023, which will be more reflective of the Company's current and potential net asset value. Management has also taken active steps in cost cutting measures, as well as the implementation and development of additional corporate governance procedures and expects to continue such policy development under the new leadership.