Third Canadian General Investment Trust Limited
TSX : THD

Third Canadian General Investment Trust Limited

October 05, 2011 15:32 ET

Acquisition of Third Canadian General Investment Trust Limited Completed by Third Canadian Holdings #1 Limited

TORONTO, CANADA--(Marketwire - Oct. 5, 2011) - Third Canadian General Investment Trust Limited (TSX:THD) ("Third Canadian" or the "Company") and Third Canadian Holdings #1 Limited ("Holdings #1") announced today that they have completed their previously announced plan of arrangement under the Canada Business Corporations Act (the "Arrangement") providing for the acquisition by Holdings #1 of all of Third Canadian's issued and outstanding common shares (the "Shares") not already owned by Holdings #1 and its affiliates and associates.

Pursuant to the Arrangement, Third Canadian shareholders, other than Holdings #1, its affiliates and associates, are entitled to receive cash consideration of $41.07 per Share (the "Cash Consideration").

Upon surrender to Computershare Investor Services Inc. (the "Depositary") of certificates representing the Shares that were outstanding immediately prior to the effective time of the Arrangement, together with a duly completed and executed letter of transmittal, Third Canadian registered shareholders, other than Holdings #1, its affiliates and associates, will receive the Cash Consideration pursuant to, and subject to the terms and conditions of, the Plan of Arrangement. Any questions regarding payment of the Cash Consideration, including any requests for an additional copy of the letter of transmittal, should be directed to the Depositary via telephone at 1-800-564-6253 (toll free in North America) or via email at corporateactions@computershare.com.

Non-registered holders of Shares that were outstanding immediately prior to the effective time of the Arrangement whose Shares are registered in the name of a broker, investment dealer, bank, trust company or other nominee should contact that nominee for instructions and assistance in depositing such Shares and arranging for payment of the Cash Consideration pursuant to the Arrangement.

The Arrangement was approved by shareholders of the Company on September 30, 2011. The Ontario Superior Court of Justice granted its final order approving the Arrangement on October 4, 2011. The Company has applied to de-list the Shares from the Toronto Stock Exchange.

Contact Information

  • Third Canadian General Investment Trust Limited
    Jonathan A. Morgan
    President and CEO
    (416) 366-2931
    (416) 366-2729 (FAX)

    Third Canadian General Investment Trust Limited
    Vanessa L. Morgan
    Chairman
    (416) 366-2931
    (416) 366-2729 (FAX)
    thdfund@mmainvestments.com
    www.mmainvestments.com