TORONTO, May 18, 2017 /CNW/ Sirius XM Canada Holdings Inc. (“SiriusXM Canada” or the “Company”) (TSX: XSR), the parent of Sirius XM Canada Inc., is pleased to announce that its previously announced statutory plan of arrangement, pursuant to which, among other things, all of the shares of the Company will be acquired by 2517835 Ontario Inc., a corporation owned by Slaight Communications Inc., Obelysk Media Inc. and Sirius XM Radio Inc. (the “Arrangement”) is expected to close on May 25, 2017. These statements include, without limitation, statements relating to the recapitalization of the Company in a go private transaction and the expected closing and timing thereof.

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