Copernican Capital Corp.

Copernican Capital Corp.
AIC Diversified Canada Split Corp.

AIC Diversified Canada Split Corp.
AIC Global Financial Split Corp.

AIC Global Financial Split Corp.
Global Banks Premium Income Trust

International Financial Income and Growth Trust

Copernican World Banks Income and Growth Trust

Copernican World Financial Infrastructure Trust

Copernican World Banks Split Inc.

January 25, 2007 12:08 ET

Copernican International Financial Split Corp. Files Preliminary Prospectus

BURLINGTON, ONTARIO--(CCNMatthews - Jan. 25, 2007) - Copernican Capital Corp. (TSX:ADC)(TSX:ASC)(ASC.PR.A)(TSX:GBP.UN)(TSX:FIT.UN)(TSX:CBK.UN)(TSX:CIW.UN)(TSX:CBW.PR.A)(TSX:CBW), the Manager of Copernican International Financial Split Corp. (the "Company") is pleased to announce that the Company has filed and has received a receipt from the securities regulators of all the Canadian provinces and territories for the preliminary prospectus dated January 24, 2007 for the initial public offering of preferred shares (Preferred Shares") and class A shares ("Class A Shares") of the Company at a price of $10.00 per Preferred Share and $10.00 per Class A Share.

The Company is a mutual fund corporation whose investment objectives with respect to the Preferred Shares are:

(i) to provide holders of Preferred Shares with fixed cumulative preferential quarterly cash distributions in the amount of $0.125 per Preferred Share representing a yield on the issue price of the Preferred Shares of 5.0% per annum; and

(ii) to return the original issue price of the Preferred Shares at the time of redemption of such Shares on December 2, 2013; and
with respect to the Class A Shares are:

(i) to provide holders of Class A Shares with regular quarterly cash distributions targeted to be $0.20 per Class A Share representing a yield on the issue price of the Class A Shares of 8.0% per annum; and

(ii) to provide holders of the Class A Shares with the opportunity for leveraged growth in net asset value ("NAV") per Class A Share after the repayment of the original issue price of the Preferred Shares.

AIC Investment Services Inc. (the "Investment Manager") will be responsible for the Company's overall investment strategy. The Company was created to provide exposure to the world's leading retail bank, life insurance and investment management financial services companies based outside North America.

As at January 2, 2007, the Investment Manager's assets under management totalled approximately $9.0 billion of which approximately $4.5 billion was invested in the global financial services industry.

A syndicate of agents is being co-led by CIBC World Markets Inc. and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Berkshire Securities Inc., Canaccord Capital Corporation, Desjardins Securities Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Bieber Securities Inc., Blackmont Capital Inc., Burgeonvest Securities Limited, Dundee Securities Corporation, Laurentian Bank Securities Inc. and Wellington West Capital Inc.

A preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province or territory.

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
    Copernican Capital Corp., Burlington ON
    Chris Lowe
    Chief Executive Officer
    (905) 319-4922
    AIC Limited, Burlington ON
    Terri Oswald
    Director, Media Relations
    (905) 331-4242, ext. 4345 or 1-888-710-4242, ext. 4345