Carronade Capital Calls on Cannae Holdings to Promptly Announce Date of 2025 Annual Meeting

Core Viewpoint - Carronade Capital is urging Cannae Holdings to promptly announce the date for its 2025 Annual Meeting, highlighting concerns over the Board's governance and accountability due to the delay in scheduling the meeting [2][3]. Group 1: Board Governance and Accountability - The delay in holding the 2025 Annual Meeting raises doubts about the Board's claims of significant governance advancements, suggesting a potential attempt to evade accountability and entrench the current Board [2][3]. - Carronade Capital believes that the Board's decision to reincorporate from Delaware to Nevada has not been well-received by proxy advisory firms, further indicating a disregard for accepted corporate governance principles [3]. Group 2: Capital Return Plan - Carronade Capital is calling for greater clarity on Cannae's plan to return capital to shareholders following the sale of Dun & Bradstreet, emphasizing the need for any share buyback to be executed on favorable terms [4]. - The firm remains committed to driving shareholder value and seeks representation on the Board at the upcoming Annual Meeting, nominating four independent candidates [4]. Group 3: Shareholder Engagement - Carronade Capital beneficially owns approximately 3.2 million shares of Cannae Holdings, making it one of the top shareholders, and is actively seeking to influence the Board's direction [2][11]. - The firm has filed a preliminary proxy statement to solicit votes for its director nominees at the 2025 Annual Meeting, indicating a proactive approach to shareholder engagement [11].