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Cation Capital Urges Crescent Point Shareholders to Vote for Decisive Change: Vote for ALL FOUR of Cation's Highly Qualified Nominees on the BLUE Proxy or BLUE VIFCation Capital Inc. (together with its affiliates and associates, "Cation Capital" or "Cation"), a private investment firm and shareholder of Crescent Point Energy Corp (TSX/NYSE: CPG) ("Crescent Point" or "Company"), today urged Crescent Point shareholders to bring about decisive, positive change by voting for all four Cation nominees - Dallas J. Howe, Herbert C. Pinder, Thomas A. Budd, and Sandy L. Edmonstone - on the BLUE proxy or BLUE VIF. Whomever shareholders vote for, they should use the universal BLUE proxy or BLUE VIF, and disregard the Company's white proxy form, which restricts shareholders' options for the benefit of an entrenched board and management team. If you haven't received your BLUE proxy or BLUE VIF, please contact your broker immediately and ask to obtain your BLUE VIF voting control number. For ease of voting, shareholders can visit www.FixCPG.com, and click on the "VOTE NOW" button to vote their BLUE control number online. Leading independent proxy voting advisory firm, Institutional Shareholder Services Inc. ("ISS"), recently affirmed Cation's urgent case for change at Crescent Point, also recommending shareholders vote FOR Cation nominees Dallas J. Howe and Herbert C. Pinder, and against certain Crescent Point nominees, using Cation's universal BLUE proxy or BLUE VIF to vote on ALL matters. Further, ISS has recommended shareholders vote AGAINST the advisory vote on executive compensation. As has been previously observed, under the current board's compensation policies, company management has been paid over $90 million since January 1, 2013, during which time Crescent Point shareholders have lost over $10 billion in market capitalization. Cation's reminds shareholders that all four of its highly qualified nominees are committed to working with the board to realize the Company's true potential and create value for all shareholders over the near and long term. The choice is clear Vote for Cation's Nominees: Four highly experienced, committed and independent Cation nominees, who together will urgently challenge the status quo and constructively work to unlock value for shareholders. The alternative is likely another year of value-destroying status quo, under an inexperienced board that is unable to set a meaningful strategy or reign in management's egregious compensation. INDUSTRY OBSERVERS AND ANALYSTS, INCLUDING LEADING PROXY ADVISORY FIRM ISS, AGREE: CHANGE IS NEEDED IN THE CRESCENT POINT BOARDROOM ISS, industry analysts and observers recognize that Crescent Point has significantly underperformed in comparison to its self-selected peer group:
Repeated efforts to "renew" Crescent Point's board have been ineffective:
Like many shareholders, Cation agrees that substantial change is urgently needed at Crescent Point and believe that with independent, experienced leadership the Company will create significant, long-term value for all shareholders. ALL FOUR CATION NOMINEES ARE NEEDED TO EFFECT MEANINGFUL CHANGE AT CRESCENT POINT Cation's four highly qualified, independent candidates - Dallas J. Howe, Herbert C. Pinder, Thomas A. Budd, and Sandy L. Edmonstone - bring essential board, industry and capital markets experience to Crescent Point. Unlike the current board, which has been carefully curated to support the status quo, all four of Cation's nominees, if elected, will work to improve the leadership culture at Crescent Point and are committed to restoring market confidence in Crescent Point, enhancing the share price and ensuring the long-term sustainability of the Company. Cation's nominees are:
The election of all four nominees is necessary to affect the urgent actions needed to unlock shareholder value. Once elected, Cation's nominees are committed to working constructively with other directors to:
The shareholders of Crescent Point should not and cannot continue to accept poor results, especially from a company with such tremendous assets and potential. Rather, based on study and analysis, we believe Crescent Point has multiple opportunities to drive significant shareholder value. Vote for change. Vote for the Cation nominees - Dallas Howe, Herbert Pinder, Thomas Budd and Sandy Edmonstone - on your BLUE proxy or BLUE VIF. Shareholders are also encouraged to visit www.FixCPG.com to learn more about how the right people with the right plan can work constructively with the full board and management to create long-term value for all Crescent Point shareholders. A copy of Cation Capital's information circular is available on Crescent Point Energy Corp.'s SEDAR profile at www.sedar.com. Vote your BLUE form of proxy today or no later than 5:00 p.m. (Calgary time) on May 1, 2018. Even if you have voted the White proxy, it is not too late. A later-dated BLUE proxy will replace any previously voted White proxy. Cation urges shareholders to vote using the BLUE universal proxy card, recommended by ISS, which allows shareholders to easily select the directors they wish to represent them. Shareholders are advised to disregard the WHITE card which limits shareholder choice and only enables the voting for incumbent directors nominated by Crescent Point's management. Shareholders with questions about voting their shares or for other questions or assistance, please contact Cation's strategic shareholder advisor and proxy solicitor, D.F. King, at 1-800-835-0437 toll-free in North America, or 1-201-806-7301 outside of North America (collect calls accepted), or by e-mail at [email protected]. About Cation Capital Inc. Cation Capital Inc., together with its affiliates and associates, is a private investment firm headquartered in Alberta, Canada. Cation invests in situations where it is able to influence operational, financial and strategic direction. Cation seeks value in companies that are experiencing financial or operational challenges, are in out of favour sectors or are otherwise in need of change to drive significant long-term value for stakeholders.
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