Norstar Securities Trust

December 17, 2007 16:00 ET

Norstar Securities Trust Announces Resignation of S. David Sheridan

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2007) - Norstar Securities Trust ("Norstar", the "Trust", the "Company") announces the resignation of S. David Sheridan as Executive Vice President and Director of NSIF Inc., the administrator of Norstar Securities Limited Partnership, effective immediately.

Norstar Securities Trust operates an independent Canadian investment dealer through its 99.99% holding in Norstar Securities Limited Partnership.

Forward-Looking Statements

This press release may contain forward-looking statements, which are subject to risks and uncertainties and other factors that may cause the Company's results to differ materially from expectations. When reviewing the Company's forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. These include risk relating to market fluctuations, investee performance, strength of the North American and European economy, foreign exchange fluctuations and other risks not yet known to the Company.. These forward-looking statements speak only as of the date hereof. Unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update these forward-looking statements. The Company does have an ongoing obligation to disclose material information as it become available. The discussion also includes cautionary statements about these matters. You should read the cautionary statements made as being applicable to all forward-looking statements wherever they appear in this document.

Contact Information

  • Norstar Securities Trust
    Michael Sheridan
    (416) 619-2008
    (416) 619-2011 (FAX)