Avenue Financial Corporation

Avenue Financial Corporation

April 07, 2006 09:52 ET

Avenue Financial Corporation Launches High Yield Product

TORONTO, ONTARIO--(CCNMatthews - April 7, 2006) - Avenue Financial Corporation ("Avenue" ) (TSX VENTURE:AFC) is pleased to announce that it has had it's second close on its high yield AGAM Secured Term Debentures being sold through registered brokers and dealers only. The deadline for investment for the March close was Monday March 27th, 2006 and proceeds from the close have now been invested and begun earning interest. The next monthly close is scheduled for Thursday April 27th, 2006 at 4pm.

Avenue would also like to announce that it will be making it's first quarterly interest payment on it's AGAM Secured Term Debenture series shortly to current debenture holders.

AGAM Secured Term Debentures are being offered by registered brokers and dealers in select jurisdictions within Canada at rates of 6.0%, 8.0%, and 10.0% for 1, 3 and 5 year terms respectively. Interest is paid within 30 days of the end of the calendar quarter. The debentures are fully RRSP and RRIF eligible and available at minimum investments of $7,500 to accredited and eligible investors.

About Avenue Financial Corporation

Avenue Financial Corporation is a TSX Venture listed company which designs and develops innovative investment products which are sold only by registered brokers and dealers for their high net worth investors and select institutions.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release.

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