Canadian Convertible Debenture Fund

Canadian Convertible Debenture Fund
First Asset

First Asset

September 21, 2009 20:22 ET

Canadian Convertible Debenture Fund Announces Exchange Ratios

TORONTO, ONTARIO--(Marketwire - Sept. 21, 2009) - First Asset Investment Management Inc. is pleased to announce the exchange ratios for the exchange offer by Canadian Convertible Debenture Fund (the "Fund") being made under the final prospectus of the Fund dated September 17, 2009. The closing of the initial public offering of the Units is expected to occur on October 1, 2009 and the Units will trade on the TSX under the symbol CDF.UN.

The number of units of the Fund (the "Units") issuable for the exchange eligible securities (the "Exchange Ratio") was determined, for each $1,000 principal amount of convertible debentures, by dividing the volume weighted average trading price of such principal amount of convertible debentures on the TSX during the period of five consecutive trading days ending on September 21, 2009, plus the interest payable to September 30, 2009, by $10.00.

The following table specifies for each of the securities that have been deposited: (i) the name of issuer; (ii) the symbol; (iii) the convertible debenture; (iv) the volume weighted average trading price during the pricing period; (v) the accrued interest payable to September 30, 2009; and (vi) the Exchange Ratio.

The Exchange Ratios were rounded to four decimal places.



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Name of Issuer Stock Convertible Volume Accrued Exchange
Symbol Debenture Weighted Interest Ratio
Average
Trading Price Per $1000
($)
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Advantage Oil & AAV.DB.D 7.75% due 100.4246 25.6918 10.2993
Gas Ltd. December 1,
2011
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Advantage Oil & AAV.DB.E 6.50% due June 100.1734 16.3836 10.1811
Gas Ltd. 30, 2010
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Advantage Oil & AAV.DB.G 8.00% due 98.1685 20.1644 10.0184
Gas Ltd. December 31,
2011
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Algonquin Power APF.DB 6.65% due July 104.8413 11.1134 10.5952
Income Fund 31, 2011
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Algonquin Power APF.DB.A 6.25% due 98.7307 20.7232 10.0803
Income Fund November 30,
2016
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Artis Real AX.DB.E 7.50% due June 103.2402 17.0548 10.4945
Estate 30, 2014
Investment
Trust
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Artis Real AX.DB.C 6.25% due May 31, 99.7099 20.8904 10.1798
Estate 2013
Investment
Trust
----------------------------------------------------------------------------
Artis Real AX.DB.B 7.50% due 101.0000 29.5890 10.3958
Estate November 9,
Investment 2010
Trust
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Atlantic Power ATP.DB 6.25% due October 101.2622 26.1986 10.3882
Corporation 31, 2011
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Canadian CZZ.DB 7.00% due March 67.8446 0.0000 6.7844
Royalties Inc. 31, 2015
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Canexus Income CUS.DB 8.00% due 103.2369 6.5217 10.3889
Fund December 31,
2014
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Cargojet Income CJT.DB 7.50% due April 89.1927 31.4384 9.2336
Fund 30, 2013
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Chartwell CSH.DB 6.00% due 99.5857 19.8904 10.1574
Seniors Housing December 1,
Real Estate 2011
Investment
Trust
----------------------------------------------------------------------------
Chartwell CSH.DB.A 5.90% due May 1, 97.5514 24.5699 10.0008
Seniors Housing 2012
Real
Estate
Investment
Trust
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Cineplex Galaxy CGX.DB 6.00% due 101.9211 15.1233 10.3433
Income Fund December 31,
2012
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Clarke Inc. CKI.DB.A 6.00% due 75.1205 15.1233 7.6632
December 31,
2013
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Clearwater CLR.DB 7.00% due 86.8431 17.5000 8.8593
Seafoods Income December 31,
Fund 2010
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Clearwater CLR.DB.A 7.25% due March 74.0000 0.0000 7.4000
Seafoods Income 31, 2014
Fund
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Colabor Income CLB.DB 7.00% due 101.2934 17.6438 10.3057
Fund December 31,
2011
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Cominar Real CUF.DB 6.30% due June 109.8738 15.8795 11.1461
Estate 30, 2014
Investment
Trust
----------------------------------------------------------------------------
Cominar Real CUF.DB.B 5.70% due June 97.1428 14.3671 9.8579
Estate 30, 2014
Investment
Trust
----------------------------------------------------------------------------
Cominar Real CUF.DB.C 5.80% due 97.9085 0.0000 9.7908
Estate September 30,
Investment 2014
Trust
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Connacher Oil CLL.DB.A 4.75% due June 74.6130 11.8750 7.5800
and Gas 30, 2012
Limited
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Crombie Real CRR.DB 7.00% due March 101.9474 17.6438 10.3711
Estate 20, 2013
Investment
Trust
----------------------------------------------------------------------------
Daylight DAY.DB.C 10.00% due 111.5515 25.2055 11.4072
Resources December
Trust 31, 2013
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Daylight DAY.DB.B 8.50% due October 109.9810 35.6301 11.3544
Resources 31, 2012
Trust
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Dundee Real D.DB.B 6.00% due 96.8943 15.1233 9.8406
Estate December 31,
Investment 2014
Trust
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Enterra Energy ENT.DB 8.00% due 85.1429 20.1644 8.7159
Trust December 31,
2011
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Enterra Energy ENT.DB.A 8.25% due June 82.5449 20.7945 8.4624
Trust 30, 2012
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Extendicare EXE.DB 5.70% due June 89.2528 14.3671 9.0689
Real Estate 30, 2014
Investment
Trust
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Extendicare EXE.DB.A 7.25% due June 99.1638 18.2740 10.0991
Real Estate 30, 2013
Investment
Trust
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Fairborne FEL.DB 6.50% due 96.6753 16.3836 9.8313
Energy Ltd. December 31,
2011
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Firm Capital FC.DB 6.00% due June 99.9773 15.1233 10.1489
Mortgage 30, 2013
Investment
Trust
----------------------------------------------------------------------------
First Capital FCR.DB.A 5.50% due 89.8843 0.0000 8.9884
Realty Inc. September 30,
2017
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First Uranium FIU.DB 4.25% due June 78.7398 10.7123 7.9811
Corporation 30, 2012
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Fort Chicago FCE.DB.B 6.75% due 103.7500 17.0137 10.5451
Energy December 31,
Partners 2010
L.P.
----------------------------------------------------------------------------
General Donlee GDI.DB 7.00% due June 82.5000 17.6438 8.4264
Income Fund 30, 2014
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H&R Real Estate HR.DB.B 6.75% due 106.4582 11.3723 10.7595
Investment December 31,
Trust 2014
----------------------------------------------------------------------------
Harvest Energy HTE.DB.B 6.50% due 96.0723 16.3836 9.7710
Trust December 31,
2010
----------------------------------------------------------------------------
Harvest Energy HTE.DB.D 6.40% due October 84.7515 26.8274 8.7434
Trust 31, 2012
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Harvest Energy HTE.DB.E 7.25% due 80.2948 0.0000 8.0294
Trust September 30,
2013
----------------------------------------------------------------------------
Harvest Energy HTE.DB.F 7.25% due 79.0843 5.9589 7.9680
Trust February 28,
2014
----------------------------------------------------------------------------
Harvest Energy HTE.DB.G 7.50% due May 31, 77.1338 25.0685 7.9640
Trust 2015
----------------------------------------------------------------------------
Huntingdon Real HNT.DB.C 7.50% due March 83.8244 0.0000 8.3824
Estate 31, 2012
Investment
Trust
----------------------------------------------------------------------------
InnVest Real INN.DB.A 6.25% due April 93.9447 28.7671 9.6821
Estate 15, 2011
Investment
Trust
----------------------------------------------------------------------------
InnVest Real INN.DB.B 6.00% due May 31, 79.9766 20.0548 8.1982
Estate 2013
Investment
Trust
----------------------------------------------------------------------------
InnVest Real INN.DB.C 5.85% due August 78.1868 9.6164 7.9148
Estate 1, 2014
Investment
Trust
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InterRent Real IIP.DB 7.00% due January 86.0000 11.6986 8.7169
Estate 31, 2013
Investment
Trust
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Just Energy JEX.DB 6.00% due 94.8020 0.0000 9.4802
Exchange Corp. September 30,
2014
----------------------------------------------------------------------------
Keyera KEY.DB.A 8.25% due 108.8985 20.7945 11.0977
Facilities December 31,
Income Fund 2013
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Killam KMP.DB 6.50% due May 5, 100.0000 16.3836 10.1638
Properties Inc. 2012
----------------------------------------------------------------------------
Liquor Stores LIQ.DB 6.75% due 102.7930 17.0137 10.4494
Income Fund December 31,
2012
----------------------------------------------------------------------------
Macquarie Power MPT.DB 6.75% due 100.9394 17.0137 10.2640
& December 31,
Infrastructure 2010
Income Fund
----------------------------------------------------------------------------
Medical DR.DB 7.50% due April 99.2285 31.4384 10.2372
Facilities 30, 2013
Corporation
----------------------------------------------------------------------------
NAL Oil & Gas NAE.DB 6.75% due August 103.1278 5.5068 10.3678
Trust 31, 2012
----------------------------------------------------------------------------
Newalta Inc. NAL.DB 7.00% due 100.2334 23.3973 10.2573
November 30,
2012
----------------------------------------------------------------------------
Northland Power NPI.DB 6.50% due June 102.4217 16.3836 10.4060
Income Fund 30, 2011
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Pacific PRE.DB 8.00% due August 124.6557 20.1644 12.6672
Rubiales Energy 29, 2013
Corp.
----------------------------------------------------------------------------
Paramount PMT.DB.A 6.25% due June 99.9467 15.7534 10.1522
Energy Trust 30, 2010
----------------------------------------------------------------------------
Paramount PMT.DB.B 6.25% due April 98.9604 26.1986 10.1580
Energy Trust 30, 2011
----------------------------------------------------------------------------
Paramount PMT.DB.C 6.50% due June 97.2116 16.3836 9.8849
Energy Trust 30, 2012
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PDM Royalties PDM.DB 7.75% due 92.2564 19.5342 9.4209
Income Fund December 31,
2011
----------------------------------------------------------------------------
Pengrowth PGF.DB 6.50% due 101.0680 16.3836 10.2706
Energy Trust December 31,
2010
----------------------------------------------------------------------------
Penn West PWT.DB.F 6.50% due 101.2993 16.3836 10.2937
Energy Trust December 31,
2011
----------------------------------------------------------------------------
Penn West PWT.DB.E 7.20% due May 31, 101.4553 24.0658 10.3861
Energy Trust 2011
----------------------------------------------------------------------------
Primaris Retail PMZ.DB 5.85% due August 94.8045 9.6164 9.5766
Real Estate 1, 2014
Investment
Trust
----------------------------------------------------------------------------
Priszm Income QSR.DB 6.50% due June 66.0676 16.3836 6.7705
Fund 30, 2012
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Progress Energy PRQ.DB 6.75% due June 101.1815 17.0137 10.2882
Resources Corp. 30, 2010
----------------------------------------------------------------------------
Progress Energy PRQ.DB.A 6.25% due 100.1693 0.0000 10.0169
Resources Corp. September 30,
2011
----------------------------------------------------------------------------
Provident PVE.DB.C 6.50% due August 98.6696 5.3425 9.9203
Energy Trust 31, 2012
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Provident PVE.DB.D 6.50% due April 99.0828 27.2466 10.1807
Energy Trust 30, 2011
----------------------------------------------------------------------------
Retrocom RMM.DB 7.50% due July 92.9863 12.5342 9.4239
Mid-Market Real 31, 2012
Estate
Investment
Trust
----------------------------------------------------------------------------
Rogers Sugar RSI.DB.A 6.00% due June 100.6971 15.2877 10.2225
Income Fund 29, 2012
----------------------------------------------------------------------------
Rogers Sugar RSI.DB.B 5.90% due June 100.8828 15.0329 10.2386
Income Fund 29, 2013
----------------------------------------------------------------------------
Scott's Real SRQ.DB 7.15% due 93.9765 18.0219 9.5778
Estate December 31,
Investment 2012
Trust
----------------------------------------------------------------------------
Superior Plus SPB.DB.B 5.75% due 99.9947 14.4932 10.1444
Corp. December 31,
2012
----------------------------------------------------------------------------
Superior Plus SPB.DB.C 5.85% due October 93.8254 24.5219 9.6277
Corp. 31, 2015
----------------------------------------------------------------------------
Superior Plus SPB.DB.D 7.50% due 102.8891 6.7255 10.3561
Corp. December 31,
2014
----------------------------------------------------------------------------
Trinidad TDG.DB 7.75% due July 96.9750 19.5342 9.8928
Drilling Ltd. 31, 2012
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True Energy TUI.DB 7.50% due June 84.4266 18.9041 8.6317
Trust 30, 2011
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Uranium One UUU.DB 4.25% due 81.3088 10.7123 8.2380
Inc. December 31,
2011
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Western WTN.DB 7.50% due March 106.1429 1.2329 10.6266
Canadian Coal 24, 2011
Corp.
----------------------------------------------------------------------------
Whiterock Real WRK.DB.E 6.30% due 96.3817 15.8795 9.7969
Estate December 31,
Investment 2011
Trust
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Contact Information

  • First Asset
    Rob MacNiven
    Investor Relations
    416-642-1289 or 1-877-642-1289
    www.firstasset.com