Canadian Convertible Debenture Fund
TSX : CDF.UN

Canadian Convertible Debenture Fund
First Asset

First Asset

September 18, 2009 13:20 ET

Canadian Convertible Debenture Fund Files Final Prospectus

TORONTO, ONTARIO--(Marketwire - Sept. 18, 2009) - Canadian Convertible Debenture Fund (the "Fund") (TSX:CDF.UN) announces that it has filed a final prospectus for its initial public offering of units (the "Units") of the Fund for a total maximum offering size of up to $300 million. The offering is scheduled to close on October 1, 2009 (the "Closing Date"). The Toronto Stock Exchange ("TSX") has conditionally approved the listing of the Units under the symbol of CDF.UN, subject to the fulfillment of TSX requirements.

The Fund has been created to invest in a portfolio (the "Portfolio") comprised primarily of convertible debentures of Canadian issuers. The Portfolio will be actively managed by First Asset Investment Management Inc. (the "Manager") and Mr. Lee Goldman will be the lead portfolio manager responsible for the Portfolio.
 
The Fund's investment objectives are to provide holders of Units with:

  1. monthly distributions initially targeted to be 7.5% per annum on the subscription price of $10.00 per Unit ($0.0625 per Unit per month or $0.75 per annum); and
  2. the opportunity for capital appreciation.

The Fund will issue a press release as soon as practical after the close of business on September 21, 2009 announcing for each of the exchange eligible securities, the name of the issuer, the convertible debentures, the volume weighted average trading price of the securities during the five consecutive trading days ending on September 21, 2009, the accrued interest to the Closing Date and the exchange ratio.
 
The syndicate of agents for this offering is being led by CIBC World Markets Inc. and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Canaccord Capital Corporation, Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., GMP Securities L.P., Manulife Securities Incorporated, Wellington West Capital Markets Inc. and TD Securities Inc.

Contact Information

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