Carronade Capital Issues Investor Presentation Detailing the Need for Change at Cannae Holdings

Core Insights - Carronade Capital emphasizes the urgent need for change at Cannae Holdings to restore investor confidence and improve governance [1][2][3] - The company has proposed the election of four independent directors to enhance accountability and drive value creation [1][2][3] Summary by Sections Company Performance - Cannae has experienced chronic underperformance with total annualized shareholder returns of only 0.15% since inception, significantly lagging behind peers [2] - The company is trading at a persistent discount to its intrinsic value, attributed to poor strategic decisions and governance practices [2] Proposed Changes - Carronade Capital believes that electing its four nominees—Mona Aboelnaga, Benjamin Duster, Dennis Prieto, and Cherie Schaible—will provide the best opportunity for meaningful change [2][3] - The nominees are described as highly qualified and independent, possessing the expertise necessary to improve corporate governance and capital allocation [3] Shareholder Engagement - Shareholders are urged to vote "FOR" Carronade's nominees using the GOLD proxy card by December 11, 2025, to ensure their votes are counted [3] - The presentation highlights the need for shareholders to send a clear message that the current status quo is unacceptable [1][3] About Carronade Capital - Carronade Capital Management is a multi-strategy investment firm with approximately $2.7 billion in assets under management, focusing on process-driven investments [4] - Founded in 2019, Carronade is led by industry veteran Dan Gropper, who has extensive experience in special situations credit [4]