First Asset

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Can-60 Income Corp.

Can-60 Income Corp.

October 06, 2010 18:33 ET

Can-60 Income Corp. Announces Exchange Ratios

TORONTO, ONTARIO--(Marketwire - Oct. 6, 2010) - Can-60 Income Corp. (the "Company") is pleased to announce the exchange ratios for the exchange offer by the Company being made under the final prospectus of the Company dated September 15, 2010. The closing of the initial public offering of the shares of the Company (the "Shares") is scheduled to occur on October 19, 2010. The Toronto Stock Exchange ("TSX") has conditionally approved the listing of the Shares under the symbol CSY, subject to the fulfillment of TSX requirements.

The number of Shares issuable for the Exchange Eligible Securities (the "Exchange Ratio") was determined in respect of Exchange Eligible Securities by dividing the volume weighted average trading price of such securities on the TSX during the period of three consecutive trading days ending on October 6, 2010 (the "Pricing Period"), as adjusted to reflect distributions declared in respect of the Exchange Eligible Securities that will not be received by the Company, by $10.00. 

The following table specifies for each of the securities that have been deposited: (i) the name of issuer; (ii) the TSX symbol; (iii) the volume weighted average trading price during the Pricing Period; and (iv) the Exchange Ratio.

The Exchange Ratios were rounded down to four decimal places.

Issuer TSX Symbol Volume Weighted Average Trading Price ($) Exchange Ratio
Agnico-Eagle Mines Ltd. AEM 73.8350 7.3835
Agrium Inc. AGU 76.3650 7.6365
ARC Energy Trust AET.UN 20.9466 2.0947
Bank of Montreal BMO 59.5028 5.9503
Bank of Nova Scotia (The) BNS 54.5832 5.4583
Barrick Gold Corporation ABX 48.1230 4.8123
BCE Inc. BCE 33.3208 3.3321
Bombardier Inc. BBD.B 5.1014 0.5076
Brookfield Asset Management Inc. BAM.A 29.1731 2.9173
Cameco Corporation CCO 28.6050 2.8605
Canadian Imperial Bank Of Commerce CM 75.5757 7.5576
Canadian National Railway Company CNR 65.4582 6.5458
Canadian Natural Resources Limited CNQ 37.2100 3.7210
Canadian Oil Sands Trust COS.UN 26.5384 2.6538
Canadian Pacific Railway Limited CP 62.7299 6.2730
Canadian Tire Corporation, Limited CTC.A 56.2053 5.6205
Cenovus Energy Inc. CVE 29.9582 2.9958
Eldorado Gold Corporation ELD 19.0238 1.9024
Enbridge Inc. ENB 54.3882 5.4388
EnCana Corporation ECA 30.4954 3.0495
Enerplus Resources Fund ERF.UN 26.7702 2.6590
First Quantum Minerals Ltd. FM 81.5144 8.1514
Fortis Inc. FTS 31.5336 3.1534
George Weston Limited WN 77.8834 7.7883
Gildan Activewear Inc. GIL 28.7274 2.8727
Goldcorp Inc. G 44.9128 4.4898
Husky Energy Inc. HSE 25.4316 2.5432
IAMGOLD Corporation IMG 18.0649 1.8065
Imperial Oil Limited IMO 39.0614 3.9061
Inmet Mining Corporation IMN 58.3598 5.8360
iShares S&P/TSX 60 Index Fund XIU 18.0274 1.8027
Kinross Gold Corporation K 19.7048 1.9705
Loblaw Companies Limited L 41.1205 4.1121
Magna International Inc. MG.A 84.8317 8.4832
Manulife Financial Corporation MFC 12.7787 1.2779
Metro Inc. MRU.A 43.9584 4.3958
National Bank of Canada NA 64.8726 6.4873
Nexen Inc. NXY 21.0718 2.1072
Penn West Energy Trust PWT.UN 20.6949 2.0695
Potash Corporation of Saskatchewan Inc. POT 144.3541 14.4354
Power Corporation of Canada POW 27.0807 2.7081
Research In Motion Limited RIM 49.9559 4.9956
Rogers Communications Inc. RCI.B 38.8564 3.8856
Royal Bank of Canada RY 54.3452 5.4345
Saputo Inc. SAP 34.9461 3.4946
Shaw Communications Inc. SJR.B 22.5016 2.2428
Shoppers Drug Mart Corporation SC 39.1304 3.9130
SNC-Lavalin Group Inc. SNC 51.6531 5.1653
Sun Life Financial Inc. SLF 26.7332 2.6733
Suncor Energy Inc. SU 34.2641 3.4264
Talisman Energy Inc. TLM 17.8789 1.7879
Teck Resources Limited TCK.B 43.5537 4.3554
TELUS Corporation T 46.2145 4.6215
Thomson Reuters Corporation TRI 38.6782 3.8678
Tim Hortons Inc. THI 37.4010 3.7401
Toronto-Dominion Bank (The) TD 74.5091 7.4509
TransAlta Corporation TA 21.8681 2.1868
TransCanada Corporation TRP 38.4595 3.8460
Valeant Pharmaceuticals International, Inc. (formerly, Biovail Corporation) VRX 26.6724 2.6672
Yamana Gold Inc. YRI 11.8851 1.1885
Yellow Pages Income Fund YLO.UN 5.4702 0.5470

Contact Information

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    Rob MacNiven
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    416-642-1289 or 1-877-642-1289
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