AIC Global Financial Split Corp.
TSX : ASC
TSX : ASC.PR.A

AIC Global Financial Split Corp.
AIC Diversified Canada Split Corp.
TSX : ADC

AIC Diversified Canada Split Corp.
Global Banks Premium Income Trust
TSX : GBP.UN

International Financial Income and Growth Trust
TSX : FIT.UN

Copernican World Banks Income and Growth Trust
TSX : CBK.UN

Copernican World Financial Infrastructure Trust
TSX : CIW.UN

Copernican World Banks Split Inc.
TSX : CBW

AIC Limited

AIC Limited
Copernican Capital Corp.

Copernican Capital Corp.

January 22, 2007 17:54 ET

AIC Global Financial Split Corp. Announces Completion of Rights Offering

BURLINGTON, ONTARIO--(CCNMatthews - Jan. 22, 2007) - AIC Global Financial Split Corp. (the "Company") (TSX:ASC)(TSX:ASC.PR.A), announced today that it has completed its rights offering. Pursuant to the rights offering, the Company issued 383,425 Units, each Unit consisting of one Class A Share and one Preferred Share, and received net proceeds of approximately $9,295,625. The net proceeds received from the subscriptions for Units under the Rights Offering will be used to acquire securities of bank-based, insurance-based and investment management-based financial services companies in accordance with the Company's investment strategy and criteria. In particular, the proceeds will be used to provide AIC Investment Services Inc., the Company's investment manager, with the ability to capitalize on anticipated attractive buying opportunities.

With the completion of the Rights Offering, the Company also announces that pursuant to the previously announced special distribution of realized capital gains, investors of record on January 31, 2007 will receive $0.2180 per Class A Share to be paid on February 12, 2007.

AIC commenced operations in 1985 and has grown to become one of Canada's largest privately-held mutual fund companies with assets under management of approximately $9 billion.


Contact Information

  • AIC Investment Services, Burlington ON
    Chris Lowe
    Senior Vice President and Portfolio Manager
    (905) 331-4242, ext. 4232 or 1-888-710-4242, ext. 4232
    Email: clowe@aic.com or clowe@copernican.com
    or
    AIC Limited, Burlington ON
    Terri Oswald
    Director, Media Relations
    (905) 331-4242, ext. 4345 or 1-888-710-4242, ext. 4345
    Email: toswald@aic.com
    Website: www.aic.com