NEW YORK, Aug. 7, 2024 /CNW/ - TMRE Investors, LLC (the "Acquiror") announces, pursuant to applicable requirements of Canadian securities laws, that on August 7, 2024, the Acquiror completed a series of distributions in kind to certain of its members (the "Transfers") resulting in the transfer of an an aggregate of 3,421,610 Common Shares (the "Transferred Shares") of Martinrea International Inc. (TSX: MRE), the "Issuer"), representing approximately 4.57% of the issued and outstanding common shares of (the "Common Shares") of the Issuer. The Acquiror no longer has ownership or control over the Transferred Shares and the recipients thereof have full discretion with respect to further dispositions of the Transferred Shares. Prior to the Transfers, the Acquiror beneficially owned and had control over, an aggregate of 10,798,800 Common Shares, representing approximately 14.43% of the issued and outstanding Common Shares. Timothy A. Cox, of Charlesfield Five, LLC, an advisor to and a joint actor of the Acquiror also beneficially owns and controls 35,000 additional Common Shares. As a result of the Transfers, the Acquiror holds less than 10% of the Common Shares outstanding and has ceased to be an insider of the Issuer
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