August 14, 2018 / 3:18 PM / a month ago

BUZZ-Callidus Capital: Q2 loss widens, CEO goes on medical leave

** Canadian lender’s shares hit record low; down ~15 pct at C$2.50

** Q2 net loss widens to C$40.8 mln vs C$25.8 mln, a year earlier

** Company which specializes in high-interest loans to distressed companies, also says CEO to take a medical leave of absence effectively immediately

** Callidus board has re-assigned CEO Glassman’s responsibilities to the existing Callidus management team

** Including today’s losses stock down 75.4 pct YTD (Reporting by Shanti S Nair in Bengaluru)

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