VANCOUVER, British Columbia, Oct. 03, 2025 (GLOBE NEWSWIRE) -- British Columbia Discovery Fund Inc., (formerly British Columbia Discovery Fund (VCC) Inc.) (the "Fund"), by MNP Ltd. (formerly The Bowra Group Inc.) in its capacity as liquidator of the Fund (the "Liquidator"), provides the following update as to the liquidation proceedings of the Fund.

Pricing Net Asset Value per Class A Common Share is $0.11 as at August 31, 2025 compared to $0.11 as at December 31, 2024.

The Pricing Net Asset Value has not changed as the Liquidator has accrued a reserve for costs to complete the Liquidation, including expenses incurred during the period.

The Liquidator obtained a clearance certificate from the Canada Revenue Agency in July 2025.

The Liquidator is now seeking authority to complete the liquidation of the Fund, including approval of a final distribution to shareholders, and its discharge via an application for an order in the Supreme Court of British Columbia, scheduled for October 28, 2025 (the "Discharge Application").

As part of the Discharge Application the Liquidator will seek an order approving:

Payment of a final distribution to shareholders;

Approval to wind up and dissolve the Fund;

Approval of the activities of the Liquidator and all fees and expense incurred in the liquidation including all professional fees incurred by the Liquidator and its legal counsel; and

An order releasing the Liquidator from any liability arising from its conduct as Liquidator.

Details of the Discharge Application including all Court materials, Liquidator's Report to Court and the proposed form of Discharge Order ...