TORONTO, March 10, 2025 (GLOBE NEWSWIRE) -- Helios Fairfax Partners Corporation (TSX: HFPC.U) ("Helios Fairfax”, "HFP” or the "company”) today announced that the previously communicated Chief Financial Officer (CFO) transition will not proceed as planned.

Jennifer Lisbey has decided that, for personal reasons, she will not be transitioning to CFO of Helios Fairfax and Helios Investment Partners as planned. Belinda Blades will continue to serve as HFP's CFO until the end of May. The company has initiated a comprehensive search for a permanent CFO.

"We wish Jennifer all the best in her future endeavours," said Babatunde Soyoye and Tope Lawani, Co-CEOs of Helios Fairfax. "We appreciate Belinda's continued leadership of our financial operations through May as we conduct a thorough search for a permanent CFO."

The Company will provide updates regarding the permanent CFO appointment as developments occur.

Helios Fairfax Partners Corporation is an investment holding company whose investment objective is to achieve long term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in Africa and African businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, Africa.

Although the company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The company does not undertake to update any forward-looking statements contained herein, except as required by applicable securities laws.