Mulvihill Structured Products | ||||||
World Financial Split Corp. | WFS.PR.A | |||||
WFS | ||||||
COMPLETES INITIAL PUBLIC OFFERING OF PREFERRED SHARES AND CLASS A SHARES | ||||||
Toronto,
February 17, 2004:World Financial Split Corp. announced
today that it has completed its initial public offering of 18,000,000
Preferred shares and 18,000,000 Class A shares at a price of $10.00 per
Preferred share and $15.00 per Class A share for gross proceeds of $450,000,000.The
offering was led by RBC Capital Markets with a syndicate of agents that
included CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc.,
BMO Nesbitt Burns Inc., National Bank Financial Inc., Canaccord Capital
Corporation, Desjardins Securities Inc., First Associates Investments
Inc., HSBC Securities (Canada) Inc. and Raymond James Ltd. The Corporation
has granted to the Agents an option exercisable for a period of 30 days
from the closing of the offering to purchase up to 900,000 additional
Preferred Shares and 900,000 Class A shares on the same terms and conditions
as set forth above. |
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John Mulvihill,
President & CEO Mulvihill Structured Products |
Bruce Graham, Vice President | |||||
World
Financial Split Corp. 121 King Street West Suite 2600 Toronto, Ontario M5H 3T9 (416) 681-3966 (800) 725-7172 www.mulvihill.com hybrid@mulvihill.com |
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For Immediate Release , February 17, 2004 | ||||||
A
member of the Mulvihill Capital Management
Inc. Group of Funds |