Copernican Capital Corp.
TSX : ADC
TSX : ASC
TSX : FIT.UN
TSX : GBP.UN
TSX : CBK.UN
TSX : CIW.UN
TSX : CBW
TSX : CBW.PR.A
TSX : ASC.PR.A
TSX : CIR
TSX : CIR.PR.A
TSX : CPM.UN

Copernican Capital Corp.

April 30, 2007 10:15 ET

Copernican International Premium Dividend Fund Files Final Prospectus for an Offering of Up to $125 Million

BURLINGTON, ONTARIO--(CCNMatthews - April 30, 2007) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES.

Copernican Capital Corp. (TSX:ADC)(TSX:ASC)(TSX:ASC.PR.A)(TSX:GBP.UN)(TSX:FIT.UN)(TSX:CBK.UN)(TSX:CIW.UN)(TSX:CBW.PR.A)(TSX:CBW)(TSX:CIR)(TSX:CIR.PR.A)(TSX:CPM.UN), the Manager of Copernican International Premium Dividend Fund (the "Fund") is pleased to announce that the Fund has filed and has received a receipt from the securities regulators of all the Canadian provinces and territories for a final prospectus dated April 27 2007 for the initial public offering of up to 12,500,000 units ("Units") of the Fund at a price of $10.00 per Unit. It is anticipated that the offering will close on or about May 16, 2007. The Toronto Stock Exchange (the "TSX") has conditionally approved the listing of the Units, subject to fulfillment of the requirements of the TSX on or before July 17, 2007. The Units will be listed for trading under the symbol CPM.UN.

The Fund is a closed-end investment trust whose investment objectives are:

(i) to provide holders of Units with monthly cash distributions (which for the initial 9 months of the Fund is expected to be $0.70 per Unit per annum, representing a yield of 7% per annum based on the $10.00 per unit issue price, and commencing in 2008 will be determined and announced by the Fund on an annual basis); and

(ii) to preserve and enhance the net asset value of the Fund.

AIC Investment Services Inc. (the "Investment Manager") will be responsible for the Fund's overall investment strategy. The Fund has been created to provide investors with exposure to some of the world's leading dividend-paying issuers based outside North America.

As at March 1, 2007, the Investment Manager's assets under management totalled approximately $8.8 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 Scotia Capital Inc., TD Securities Inc., BMO Capital Markets, National Bank Financial Inc., Berkshire Securities Inc., Canaccord Capital Corporation, Desjardins Securities Inc., Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Bieber Securities Inc., Blackmont Capital Inc., Burgeonvest Securities Limited, Laurentian Bank Securities Inc. and Wellington West Capital Inc.

Contact Information

  • Media Contacts:
    Copernican Capital Corp., Burlington ON
    Chris Lowe, Chief Executive Officer
    (905) 319-4922
    Email: clowe@copernican.com
    Website: www.copernicancapital.com
    or
    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
    Email: clowe@aic.com
    or
    AIC Limited, Burlington ON
    Terri Oswald
    Director, Media Relations
    (905) 331-4242, ext. 4345 or 1-888-710-4242, ext. 4345
    Email: toswald@aic.com